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USDA to invest up to $100M to boost infrastructure for renewable fuel use; seeks to double number of higher blend ethanol fuel pumps

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US Agriculture Secretary Tom Vilsack announced that the US Department of Agriculture (USDA) will invest up to $100 million in a Biofuels Infrastructure Partnership to support the infrastructure needed to make more renewable fuel options available to American consumers. USDA will post a Notice of Solicitation of Applications in June.

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Opinion: Why Lithium Will See Another Price Spike This Fall

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So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Given this new investment, plug-in electric vehicle (PEV) sales are expected to experience 62% year-over-year growth in 2016 , 60% in 2017, and likely 100% in 2018. by James Stafford of Oilprice.com.

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