Daniel F. Runde writes in The Hill on mining for the energy transition.
- To transition to a fully renewable grid, demand for cobalt and lithium will increase by 500 and 900 percent, respectively.
- China controls a majority of the global rare earth mineral market, which could threaten future energy security for the U.S. and our allies.
- America should develop a more reliable supply chain of rare earth minerals by easing regulatory barriers for domestic mining and processing and engaging in trade partnerships with allies and developing nations.
“If the U.S. and our allies do not engage more actively on mining — including in developing countries — the U.S. could switch from being largely beholden to the OPEC cartel to a cartel made up of China and Russia.”
Read the full article here.