{"id":10409,"date":"2023-11-07T01:47:47","date_gmt":"2023-11-07T01:47:47","guid":{"rendered":"https:\/\/infundpros.com\/markets\/commodities\/senators-urge-us-to-take-steps-to-boost-battery-production-citing-china\/"},"modified":"2023-11-07T01:47:48","modified_gmt":"2023-11-07T01:47:48","slug":"senators-urge-us-to-take-steps-to-boost-battery-production-citing-china","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=10409","title":{"rendered":"Senators urge US to take steps to boost battery production, citing China"},"content":{"rendered":"<div>\n<p>By David Shepardson<\/p>\n<p>WASHINGTON (Reuters) -Two influential Democratic U.S. senators urged the Energy Department to take steps to boost U.S. battery manufacturing and next-generation battery research, citing China&#8217;s dominance and export controls, according to a letter seen by Reuters.<\/p>\n<p>Senate Intelligence Committee Chair Mark Warner and Energy Committee Chair Joe Manchin cited experts saying that the United States is &#8220;ten to twenty years behind Asia in commercialization of battery technology,&#8221; and noted that China accounts for more than 75% of battery cell production.<\/p>\n<p>&#8220;The U.S. must become a leader in manufacturing batteries and battery components, while securing our supply chains for the materials that make up those components,&#8221; the senators wrote in a previously unreported letter seen by Reuters, citing China&#8217;s decision last month to restrict exports of graphite, critical to manufacturing battery anodes.<\/p>\n<p>China dominates the global EV battery supply chain including production of graphite &#8211; the single largest component. <\/p>\n<p>The letter noted in 2022 the United States produced less than 10% of lithium-ion batteries in 2022 and said demand is expected to grow over seven times by 2035.<\/p>\n<p>The letter wants a committee briefing by Dec. 1 &#8220;on ongoing research and development of next-generation battery technologies.&#8221;<\/p>\n<p>Lithium-ion batteries, the Pentagon has said, are crucial to thousands of military systems from &#8220;handheld radios, to unmanned submersibles and to future capabilities like lasers, directed energy weapons and hybrid electric tactical vehicles,&#8221; the letter noted.<\/p>\n<p>China accounts for 70% of the global production of lithium-ion batteries, the letter said, noting of five critical minerals required for most lithium-ion batteries, China &#8220;controls between 60-100% of the mining or refining for these minerals.&#8221;<\/p>\n<p>The letter also said &#8220;it is critical that the U.S. lead in next-generation battery technology and alternative chemistries&#8221; and coordinate with the Department of Defense and other national security agencies &#8220;to support procurement of innovative, U.S.-developed energy storage technologies.&#8221;<\/p>\n<p>A spokesperson for Energy Secretary Jennifer Granholm did not immediately respond to a request for comment. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/commodities-news\/senators-urge-us-to-take-steps-to-boost-battery-production-citing-china-3224185\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By David Shepardson WASHINGTON (Reuters) -Two influential Democratic U.S. senators urged the Energy Department to take steps to boost U.S. battery manufacturing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":{"0":"post-10409","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-commodities"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Senators urge US to take steps to boost 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