The Undersea Trove for Electric Vehicles

President Biden recently invoked the Defense Production Act to increase supplies of minerals needed to power electric vehicles and reduce America’s oil dependency. But even with this welcome executive measure, the US cannot produce enough of some minerals, such as nickel. America must rely on unreliable, often hostile, foreign-controlled sources for these key materials. There is an alternative: finding politically safe, economically viable, and environmentally responsible ways to get these minerals elsewhere, including in the ocean depths.

Nickel is the metal that is currently most responsible for range in electric vehicle batteries. Global nickel demand for batteries is forecast to increase 20-25 times by 2040, and market analysts expect significant shortages in two to three years. Russia is one of the largest suppliers of Class 1 nickel for batteries, and Chinese interests control production elsewhere in Asia, mostly under rainforests in the Philippines, New Caledonia and Indonesia.

https://www.wsj.com/articles/the-undersea-trove-for-electric-vehicles-floor-china-russia-mining-control-deep-batteries-11654207525 The Undersea Trove for Electric Vehicles

Alley Einstein

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