Biden admin issues 20-year mining ban as it turns to foreign supply chain amid green energy push
Twin Metals' mining project contained about 88% of the nation's cobalt reserves in addition to vast copper, nickel and platinum-group elements. Such critical minerals are vital for various green energy technologies like electric vehicle batteries, battery storage facilities, solar panels and wind turbines, which the Biden administration has aggressively pushed.
For example,
an electric vehicle requires 500% more mineral resources than a traditional gas-powered car, while a single onshore wind turbine plant requires 800% more minerals than a typical fossil fuel plant, according to the International Energy Agency.
However, China, other hostile nations and countries with severe human rights concerns dominate the global mineral supply chain.
The State Department recently signed an agreement that opens the door to financing mining projects in the Democratic Republic of the Congo (DRC), which mined more than 70% of the global supply of cobalt in 2021 and is home to 3.5 million metric tons of cobalt reserves. But independent investigations conducted in recent years have found that cobalt mines in the DRC employ child laborers.
"If Democrats were serious about developing renewable energy sources and breaking China's stranglehold on the global market, they would be flinging open the doors to responsible mineral development here in the U.S.," House Natural Resources Committee
Chairman Rep. Bruce Westerman, R-Ark., said Thursday in a statement. "We cannot have a future of renewable energy without minerals, period — not to mention their necessity to our defense systems, satellites, cellphones and virtually every other advanced technology."
"While Democrats play political ping pong with American industries, China and Russia are laughing straight to the bank," he continued. "The administration's decision to withdraw this mineral-rich area — blatantly targeting one of our country’s most promising mines — is short-sighted, foolish and completely unscientific.