Australian Mines LTD (AMSLF)

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Miners push for US Congress to vote on electric vehicle supply chain bills

Mining executives eager to speed U.S. production of lithium and other metals for the burgeoning electric vehicle industry are frustrated that the U.S. Congress has yet to pass legislation designed to streamline mine permitting and fund geological studies, among other steps.

Earlier this year, Washington’s trade war with Beijing threatened to curb Chinese shipments to the United States of rare earth minerals used in defense equipment. China is also the world’s largest electric vehicle battery producer, processor of lithium and consumer of copper.

“We don’t have great clarity on what the legislative timelines are,” said Keith Phillips, chief executive of Piedmont Lithium Ltd, which is developing a lithium mine in North Carolina. “This pending legislation would be a big positive” to help secure investment.

There is a race out there to develope an electric vehicle supply chain. Australian Mines LTD (AMSLF) is one of the mining companies that someone will be racing to get into an ev supply chain. Invest now while you can get it at a good price.

https://www.mining.com/web/miners-push-for-us-congress-to-vote-on-electric-vehicle-supply-chain-bills/