• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

3

'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
PoliticsThe Biden administration

Biden order to boost mining may not have quick payoff

By
Matthew Daly
Matthew Daly
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Matthew Daly
Matthew Daly
and
The Associated Press
The Associated Press
Down Arrow Button Icon
April 30, 2022, 11:11 AM ET
U.S. President Joe Biden speaks in the Roosevelt Room of the White House in Washington, D.C., U.S., on Thursday, April 28, 2022. Biden will ask Congress to provide $33 billion for military, economic, and humanitarian aid to Ukraine, as well as the power to seize and sell the assets of wealthy Russians.
U.S. President Joe Biden speaks in the Roosevelt Room of the White House in Washington, D.C., U.S., on Thursday, April 28, 2022. Biden will ask Congress to provide $33 billion for military, economic, and humanitarian aid to Ukraine, as well as the power to seize and sell the assets of wealthy Russians. Samuel Corum—Bloomberg/Getty Images
Add Fortune on Google for similar content.

WASHINGTON—President Joe Biden is turning to a Cold War-era law to boost production of lithium and other minerals used to power electric vehicles, but experts say the move by itself is unlikely to ensure the robust domestic mining Biden seeks as he promotes cleaner energy sources.

Biden’s action, part of his efforts to find alternatives to fossil fuels and combat climate change, does not waive or suspend existing environmental and labor standards, the White House said. Nor does it address the chief hurdle to increased domestic extraction of so-called critical minerals: the years-long process needed to obtain a federal permit for a new mine.

Even so, the mining industry and supporters in Congress cheered Biden’s use of the 1950 Defense Production Act to increase U.S. supplies of lithium, nickel and other minerals needed for electric-vehicles batteries and other clean-energy technology.

His March 31 executive order is a historic step by the White House to “recognize the critical importance of minerals and push to electrify the car industry,″ said Rich Nolan, president and CEO of the National Mining Association.

But “unless we continue to build on this action” and approve new hardrock mines, Nolan added, “we risk feeding the minerals dominance of geopolitical rivals” such as China and Russia.

“We have abundant mineral resources here,” he said. “What we need is policy to ensure we can produce them and build the secure, reliable supply chains we know we must have.”

Environmentalists, meanwhile, worry that Biden is activating a war-time tool to boost mineral extraction that can contaminate groundwater and harm ranching and wildlife.

“The clean energy transition cannot be built on dirty mining,” said Lauren Pagel, policy director of Earthworks, an environmental group that has pushed for stronger restrictions on hardrock mining.

Biden’s order directs the Defense Department to consider at least five metals — lithium, cobalt, graphite, nickel and manganese — as essential to national security and authorizes steps to bolster domestic supplies. Biden and former President Donald Trump both used the defense production law previously to speed the U.S. response to the COVID-19 pandemic.

On minerals, Biden wants to ensure the U.S. has enough lithium and other materials needed for EV batteries, heat pumps and large-capacity batteries for the electric grid. A majority of global lithium production comes from China, Australia, Argentina and Chile, while Russia dominates the global nickel market and the Democratic Republic of Congo is the world’s largest cobalt producer.

“We need to end our long-term reliance on China and other countries for inputs that will power the future,” Biden said, vowing to “use every tool I have to make that happen.”

Although lithium reserves are distributed widely across the globe, the U.S. is home to just one active lithium mine, in Nevada. New and potential lithium mining and extracting projects are in various stages of development in Nevada, Maine, North Carolina and California. Democratic Gov. Gavin Newsom has labeled California the “Saudi Arabia of lithium,” and two projects there could produce lithium by 2024.

Under Biden’s order, the Pentagon is authorized to spend millions of dollars to support a range of activities, including feasibility studies to determine economic viability of a proposed mine and develop mineral-waste recycling programs. Money also could help existing mines and other industrial sites produce valuable materials, the Pentagon said. For example, a copper mine could also produce nickel.

It’s unclear how much money will be available for mining, but the Defense Department is authorized to keep up to $750 million on hand for its strategic and critical material stockpile.

Sen. Catherine Cortez Masto, D-Nev., called Biden’s order “a good first step toward expanding our electric vehicle battery manufacturing and infrastructure.” But she and other lawmakers said the U.S. needs a long-term strategy to improve the domestic supply chain of critical minerals.

“Unless the president streamlines permitting, we should not expect to see any meaningful increase in American mineral production,” said Wyoming Sen. John Barrasso, the top Republican on the Senate Energy and Natural Resources Committee. At a recent committee hearing. Barrasso urged Biden to “stand up to mining opponents in his own party.”

Arizona Rep. Raul Grijalva, a Democrat who chairs the House Natural Resources Committee, called Biden’s order misguided. “Fast-tracking mining under antiquated standards that put our public health, wilderness and sacred sites at risk of permanent damage just isn’t the answer,” he said.

Grijalva and Sen. Martin Heinrich, D-N.M., introduced legislation to modernize the 1872 law that governs hardrock mining in the U.S.

(asterisk)Our current mining law was put in place before we even knew what a car was, much less an electric one,” Grijalva said. “Modernizing this relic of a law isn’t extreme or anti-industry — it’s just common sense.”

Mining companies have extracted hundreds of billions of dollars’ worth of gold, silver, copper and other minerals from federal lands over the past 150 years “without paying a cent in federal royalties,” Grijalva and Heinrich said in a statement. The House bill would establish a 12.5% royalty on new mining operations and an 8% royalty on existing operations.

The bill also would set up a Hardrock Minerals Reclamation Fund to make the industry pay for cleanup of abandoned mine sites.

About 40% of watersheds in the western U.S. are contaminated by hardrock mine drainage, according to the Environmental Protection Agency. Many nickel, copper, lithium and cobalt reserves are located within 35 miles or 56 kilometers of tribal lands.

Indigenous people living near a proposed lithium mine in Nevada assailed Biden’s order.

“I believe this is going to be the second coming of environmental destruction,” said Day Hinkey, a member of the Fort McDermitt Paiute and Shoshone tribe and an organizer with People of Red Mountain, a group that opposes the vast Thacker Pass lithium mine in northern Nevada.

Another Nevada lithium mine is planned near a desert ridge where a rare wildflower has been proposed for listing as an endangered species. The mine’s developer, Australia-based Ioneer, said habitat protections for the rare Tiehm’s buckwheat will not affect its planned mining activities.

Still, says Hinkey, the first environmental crisis was caused by the fossil fuel industry “and I believe this next one will be lithium mining.”

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Authors
By Matthew Daly
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Trump to impose 50% tariffs on most Canadian goods, invoking the ‘nuclear option’ that could unleash a new wave of economic chaos and inflation
EconomyTariffs
Trump to impose 50% tariffs on most Canadian goods, invoking the ‘nuclear option’ that could unleash a new wave of economic chaos and inflation
By Josh Boak and The Associated PressJuly 20, 2026
10 hours ago
President Donald Trump walks down the steps from Air Force One.
PoliticsDonald Trump
Trump admin attempted to uncover phone records of NYT journalists and sources related to coverage of Qatari-gifted Air Force One
By The Associated Press, Eric Tucker and Jocelyn NoveckJuly 20, 2026
11 hours ago
Alaskan pilot Ken Jouppi sits in an aircraft hanger in front of a plane.
LawSupreme Court
A passenger brought a 6-pack of beer on an Alaskan pilot’s plane. He now has to defend his plane’s seizure in front of the Supreme Court
By The Associated Press and Michael KunzelmanJuly 20, 2026
12 hours ago
Blue Owl Capital owns about a third of the Freedom Fuel properties: A look inside the $3.47 gas chain
North AmericaDonald Trump
Blue Owl Capital owns about a third of the Freedom Fuel properties: A look inside the $3.47 gas chain
By Brian Slodysko, Michael Biesecker and Josh BoakJuly 20, 2026
12 hours ago
A 13-year-old teenage boy looks at an iPhone screen displaying various social media apps.
PoliticsSocial Media
French President Macron backs effort to ban kids under 15 from social media before departing office next year
By The Associated Press and Samuel PetrequinJuly 20, 2026
13 hours ago
jd
PoliticsWhite House
JD Vance becomes first sitting vice president to welcome a child in office in over 150 years
By Darlene Superville and The Associated PressJuly 20, 2026
19 hours ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
15 hours ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
19 hours ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
2 days ago
Warren Buffett says his $147 billion investing career was an accident: ‘I may be one of the 10 luckiest in the world’
Future of Work
Warren Buffett says his $147 billion investing career was an accident: ‘I may be one of the 10 luckiest in the world’
By Sarah GlodekJuly 20, 2026
1 day ago
Current price of silver as of Monday, July 20, 2026
Personal Finance
Current price of silver as of Monday, July 20, 2026
By Joseph HostetlerJuly 20, 2026
23 hours ago
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
Retail
It’s not just Taco Bell lettuce and possible glass in Pillsbury rolls: Food and drink recall events reached a 6-year year-over-year high
By Sasha RogelbergJuly 20, 2026
22 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.