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The US’ newly amended Critical Mineral Consistency Act modifies the Energy Act of 2020 to expand the definition of critical minerals to include critical materials designated by the Department of Energy, and now includes copper, electrical steel, silicon and silicon carbide.
“If makes 70% of the world’s , all they’ve got to do is dump it in another region, and it has an ultimate effect upon America and other markets. If China sneezes, the whole world feels it when it comes to silicon metal and other products.“All throughout my career, I’ve been very aware of what’s going on in Washington D.C…I’ve been through the cycle…where there was tremendous offshoring,” Hightower said. “We were looking for the lowest cost producer. It was a global economy.
Hightower said the process lessens the incident of fire in the battery and new technologies will reduce the cost of electric vehicle ownership. Hightower said Ferroglobe has permitting underway for additional capacity in the US and West Virginia Representative Carol Miller has introduced a task force to look at tax policy along the supply chains.
Hightower notes President Elect Trump will take actions to reduce the cost of energy in the US by investing in lower cost traditional energy sources like oil and natural gas, reopening federal lands for oil and gas, expediting new pipeline and infrastructure projects, incentives for development of clean coal and nuclear power, and EPA action to support fossil/liquid-based fuel producers.
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