TSXV:USCU - Post Discussion
US Copper Corp
> To go electric, America needs more mines. Can it build them?
Post by
WildlyBullish on Oct 19, 2021 4:32pm
To go electric, America needs more mines. Can it build them?
DIGGING NEEDED
Demand for metals used in EV batteries is expected to rise sharply as automakers including Tesla Inc, BMW and General Motors plan major expansions of EV production. California, the biggest U.S. vehicle market, aims to entirely ban fossil fuel-powered engines by 2035.
Biden has promised to convert the entire U.S. government fleet - about 640,000 vehicles - to EVs. That plan alone could require a 12-fold increase in U.S. lithium production by 2030, according to Benchmark Minerals Intelligence, as well as increases in output of domestic copper, nickel and cobalt. Federal land is teeming with many of these EV metals, according to the U.S. Geological Survey.
https://www.reuters.com/article/us-usa-mining-insight-idUSKCN2AT39Z
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