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Russia Can Hold Nickel Hostage

Allysia Finley writes in The Wall Street Journal on Russia’s share of the global nickel market.

The C3 Take
  • Russia supplies about 20% of the world’s class 1 nickel and China owns a dominant share of the global rare earth mineral market, both of which are essential to powering clean technologies such as EVs and solar panels.
  • While clean energy is essential to reducing emissions, government mandates will make us more reliable on adversaries such as China and Russia to meet energy needs.
  • The United States must diversify the sourcing of its rare earth minerals by increasing domestic mining and working with allies such as Australia.

“America’s only high-grade nickel mine is in Michigan, and it’s expected to exhaust deposits in 2025. Other proposed mines in northern Minnesota are opposed by green groups. The Biden administration has slowed permitting for mining lithium (Nevada), copper (Alaska, Arizona, Minnesota) and antimony (Idaho).”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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