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DOE Seeks Input on Critical Minerals Program

DOE Seeks Input on Critical Minerals Program

August 12, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Energy (DOE) on August 9 issued a request for information (RFI) for input on developing a program to advance domestic sourcing and production of critical minerals, including rare-earth elements, lithium, nickel and cobalt, that are key to clean-energy technologies.

According to the DOE, "global demand for critical materials is expected to increase by 400-600% over the next several decades. For certain materials, such as lithium and graphite used in electric-vehicle batteries, demand is expected to increase by as much as 4,000%."

Companies featured: Li-Cycle Holdings Corporation (NYSE:LICY) (Toronto, Ontario), Piedmont Lithium (NASDAQ:PLL) (Belmont, North Carolina), and United States Strategic Metals LLC (St. Louis, Missouri).