Trump and Biden Both Warn About Chinese Lithium Monopoly

China's Monopoly Over the "New Oil" Has Triggered a Battery-Powered Fuel War...

Biden Agrees With Trump: Lithium Crisis Impacts National Security In 2020, then-President Trump warned that relying on countries like China for essential minerals such as lithium was an "unusual and extraordinary threat." President Biden's administration agrees, saying that such a practice threatens U.S. economic and national security. That's why the govt. has been encouraging increased domestic production and processing of lithium. With lithium at the core of the transition to renewable energy, it's no wonder that lithium demand could skyrocket 1,000% or more by 2030. Fortunately, Nevada has become the lithium hot spot of North America. See Why Nevada Lithium Should Be on Every Investor's Radar.