⁍ Joe Biden’s campaign has privately told U.S. miners it would support boosting domestic production of metals used to make electric vehicles, solar panels and other products crucial to his climate plan.
⁍ The Obama administration enacted rigorous environmental regulations that slowed U.S. mining sector growth during its time in office.
⁍ President Donald Trump, Biden’s Republican opponent in the Nov. 3 election, has issued executive orders to encourage U.S. mining.
– Joe Biden’s campaign has privately told US miners it would support boosting domestic production of metals used to make electric vehicles, solar panels, and other products crucial to his climate plan, according to three sources familiar with the matter, in a boon for the mining industry. The Obama administration enacted rigorous environmental regulations that slowed US mining sector growth during its time in office. Biden, who served as Obama’s vice president and is well-regarded in conservation circles, has been expected to continue in that vein. “A Biden administration would emphasize green energy, and in order to get more solar panels, you need more raw materials,’ said one of the sources, speaking on the condition of anonymity. “These materials don’t come out of a test tube.” ScotiaBank analysts project the Biden plan will spark a multi-year boon for copper, one of the best electrical-conducting metals. EVs use twice as much copper as internal combustion engines. That could bolster efforts by Chilean miner Antofagasta Plc’s ANTO.L Twin Metalssubsidiary to secure federal permits to build a Minnesota copper mine. Twin Metals said it is confident it can safely develop the mine.
Source: https://www.reuters.com/article/us-usa-election-mining-exclusive/exclusive-biden-campaign-tells-miners-it-supports-domestic-production-of-ev-metals-idUSKBN27731L