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Just as today we can look at a nighttime satellite image and see the black void that is recalcitrant, unelectrified NorthKorea, once that was China. Today China is as illuminated as the rest of the world, and they are carrying electrification further.
The project includes two mining leases, with a combined area of 300 hectares, valid until June of 2032 and renewable thereafter. The supply of flake graphite is concentrated primarily in China and Mozambique, with Brazil, NorthKorea, Canada and India accounting for nearly all of the remainder of production.
It will encourage these industries to invest in diversified and resilient critical mineral and battery supply chains,” said John Podesta, White House Renewable Energy Adviser. “The proposed guidance will provide clarity and certainty to the U.S. automakers, battery manufacturers, and producers of critical minerals.
Simply put, this means if a manufacturer is mostly based in countries such as NorthKorea, China, Russia, or Iran, they won’t qualify for the tax credit. This strategic focus aligns with the Biden administration’s steadfast commitment to meeting renewable energy goals and driving the expansion of electric vehicles.
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