National security officials have warned that repealing the EV tax credit could undermine their efforts to power the nation’s fighter jets and missile systems without Chinese supplies. “Defense industry demand alone is insufficient to drive the investment and production volumes necessary for resilient supply chains, representing less than 10 percent of domestic demand for critical […]
Financial Times: US military leaders wade into fight over tax breaks for critical minerals
Former US military leaders are lobbying Congress to reject a Republican push to repeal billions of dollars in tax credits for critical minerals, warning it would leave the country vulnerable to China. A group of 23 retired four-star generals and admirals have asked Jason Smith, chair of the House Ways and Means Committee, to protect […]
Newsweek: Exclusive: Chinese Firm Behind NATO Ally’s Windfarm Is Tied to Army
Europe must prioritise renewable energy that meets security criteria, said Isabelle Dupraz, deputy director of the European Initiative for Energy Security, a Brussels-based think tank. “Right now there’s no sense of prioritisation,” Dupraz told Newsweek, noting that the European Commission was investigating Chinese wind energy companies including Ming Yang for unfair state subsidies. Read the […]
Washington Post: Ukraine minerals will be slowed by high risks and Soviet-era maps
Just getting reliable data around what is in the ground requires extensive drilling, meaning costly investment in heavy machinery and crews. The process is known in the industry as “greenfield exploration.” Zumwalt-Forbes said mining executives call greenfield exploration “the world’s worst casino.” For a material like lithium, said Abigail Hunter, a critical minerals expert at […]
Washington Post: U.S. agencies alarmed by China’s curbs on exports of rare-earth minerals
While the administration was aware that the metals posed a vulnerability, the U.S. government does not have many viable alternatives for industry leaders now panicked that their supplies will dry up within months. Companies are in many cases relying on reserves. And they are looking for ways to sidestep the Chinese rules by reprocessing and […]
