Biden Administration Unveils Plans to Boost Lithium Supply Chain


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Lithium is running into a severe supply-demand situation.

All thanks to electric vehicle (EV) demand growing much faster than anyone expected.

“By 2030, the world will see 125 million EVs on the road, which will only drive further demand for lithium supply. In fact, “It is anticipated demand for vehicle battery metal will increase sharply over the next several years as automakers abandon internal combustion engines for EVs,” says Resource World.

To help, the Biden Administration just announced new steps to strengthen critical U.S. supply chains, which will include large capacity lithium batteries.

In fact, according to a U.S. Department of Energy Fact Sheet:


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“With the global lithium battery market expected to grow by a factor of five to ten by 2030, it is imperative that the United States invests immediately in scaling up a secure, diversified supply chain for high-capacity batteries here at home. That means seizing a critical opportunity to increase domestic battery manufacturing while investing to scale the full lithium battery supply chain, including the sustainable sourcing and processing of the critical minerals used in battery production all the way through to end-of-life battery collection and recycling.”

That could help boost related lithium stocks, like Albemarle (ALB) and Lithium Americas (LAC), in addition to ETFs such as the Amplify Lithium & Battery Technology ETF (BATT), and the Lithium & Battery Technology ETF (LIT).

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