WASHINGTON: A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space.
While Tesla Inc, Volkswagen AG and other electric-focused automakers and battery manufacturers are expanding in the United States, they are reliant on mineral imports without a major push to develop more domestic mines and processing facilities.U.S. Senator Lisa Murkowski, chair of the Senate's Energy and Natural Resources Committee, told Reuters she will introduce the Minerals Security Act alongside Senator Joe Manchin.
"Our challenge is still a failure to understand the vulnerability we are in as a nation when it comes to reliance on others for our minerals," said Murkowski, a Republican from Alaska.