Biden will support the development of copper and lithium mines in the United States to promote the development of the electric vehicle industry

The Financial Associated Press (Shanghai Editor Liu Rui), although Biden has always emphasized his environmental stance, this does not mean that he will follow the path of strict environmental supervision of former President Obama and hinder domestic mining in the United States. Foreign media quoted sources familiar with the matter as saying that the US presidential candidate Biden’s campaign team privately informed American mining companies that Biden would support domestic metal mining to promote the development of electric vehicles, solar energy and other products that conform to his environmental protection plan. This will benefit the development of the copper and lithium mining industries in the United States. Will not follow Obama's old path? During the Obama administration, it promulgated strict environmental regulations that restricted the development of mining in the United States. And Biden, who served as Obama's deputy, has always been firmly advocating an environmental stance. Therefore, he has been widely considered to be the same as Obama in suppressing the US mining industry through environmental supervision. In contrast, Trump has always firmly supported domestic mining in the United States, and has previously issued an executive order encouraging coal mining. However, according to sources, Biden will support the establishment of a domestic supply chain for strategic materials imported by the United States from my country or other countries, such as lithium, copper, rare earths, and nickel. This is contrary to past speculation. According to insiders of the American mining giant Glencore, at present, Glencore continues to invest in the Minnesota copper mine project, and even if Biden wins the election, there is no plan to reduce the scale of investment. This shows that the US mining industry is also betting that Biden will be friendly to the mining industry. Previously, the market had once worried that if Biden was elected, it may affect the Minnesota copper mine project, because the project was contrary to the previous environmental stance of the Obama administration. The Glencore and Biden campaigns declined to comment. The development of electric vehicles and solar energy is inseparable from the establishment of a mining supply chain. As my country has become the world's largest processing country or consumer of metals used in electric vehicles, mobile phones and other high-tech equipment, the United States has begun to have to rethink its strategy in terms of metal resources. . Biden has previously stated that if he wins the election, he plans to invest 2 trillion US dollars to develop electric vehicle infrastructure, solar energy and other green projects. 'Biden's government will emphasize green energy, and in order to obtain more solar panels, more raw materials must be obtained,' the source said. 'These raw materials can't come out of test tubes.' The source said, Biden I agree with Trump's position of encouraging the development of domestic mining, but oppose Trump's anti-China remarks and his intention to simplify the federal approval process. Scotiabank analysts predict that Biden's plan will bring years of good news to American copper miners. Copper ore is one of the most conductive metals and is widely used in the field of electric vehicles. If Biden wins the election, it will provide federal government license guarantees for the Minnesota copper mine project of TwinMetals, a subsidiary of Chilean mining company AntofagastaPlc. At the same time, lithium mining companies will also benefit. Lithium is a key material for processing electric vehicle batteries. If Biden wins the election, lithium mining companies such as Lithium Americas Corp, Albemarle Corp. and Standard Lithium will all benefit. According to the disclosure of Biden's campaign team, this year's US lithium company employees' donations to the Democratic Party have nearly doubled compared with 2016. 'Rebuilding (mining supply chains) is closely related to miners,' said Rich Nolan, chairman of the National Mining Association of the United States. 'Biden's campaign understands the need to establish a domestic (mining) supply chain.' November 3rd, United States There are only less than two weeks left in the general election, and current polls generally show that Biden's approval rating is ahead of Trump. The New York Times poll showed that as of October 22, the support rate of Biden's poll was 48%, and that of Trump's poll was 41%. Disclaimer: Some pictures and content of the articles published on this site are from the Internet. If there is any infringement, please contact to delete. Previous article: BYD and Tesla power lithium-ion batteries are competing for the 'cobalt-free' layout. Where is the outlet behind?