In a strategic move to bolster the nation’s economic security, the United States has launched a comprehensive reform of the lithium-ion battery supply chain. The inaugural report in a series of three focuses on the crucial processing and refining stage of this essential supply chain.
Assessing domestic efforts to enhance extraction and processing capabilities, the report also introduces the concept of “friendshoring” segments of the supply chain to trusted economic partners and allies. This approach aims to counterbalance China’s dominant position in the sector.
As the report concludes, it offers a suite of recommendations to optimize economic and trade tools, with a specific focus on expanding critical mineral agreements with allied nations. Such measures are crucial for enhancing access and processing of critical minerals and materials, thereby reinforcing the resilience of the supply chain network.
In a rapidly evolving global landscape, securing critical supply chains is paramount for economic stability. With this report as a guiding framework, policymakers are urged to prioritize strategies that fortify and diversify the supply chain network, ensuring a sustainable future for industries reliant on lithium-ion technology.
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