US committee recommends royalties on minerals for EVsA federal committee on Tuesday recommended imposing royalties on US hardrock mining for the first time, a move it said could increase domestic production by providing funds for the agencies in charge of issuing new mining permits.
The proposal was part of a suite of recommendations aimed at increasing supply of the materials like lithium, cobalt and nickel that are needed for a domestic electric vehicle (EV) industry that is key to President Joe Biden’s climate agenda.
https://www.mining.com/web/us-committee-recommends-royalties-on-minerals-for-evs-in-sweeping-reform-proposal/