Not Only Is President Biden Scrambling For Energy, Now He’s Seeking The Scarce Materials Used In Building Batteries For Electric Cars — So He’s Planning To Invoke The Korean-Era Defense Production Act To Find Lithium, Nickel, Graph-ite And Cobalt; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Competi-tion For Rare Materials Another Sign That Electric Cars Will Feed Future Of EV Charging Station Industry
President Biden is scrambling for oil and gas energy globally and now he’s pivoting higher to find scarce materials to help build more car batteries used in electric cars such as lithium, nickel, graphite, cobalt and manganese. To do so, he says he’s planning to invoke the Korean War-era Defense Production Act to stimulate more US home mining — now armed with government funding — to find more of these rare and earth metals to eventually boost sales of electric cars.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Not Only Is President Biden Scrambling For Energy, Now He’s Seeking The Scarce Materials Used In Building Batteries For Electric Cars — So He’s Planning To Invoke The Korean-Era Defense Production Act To Find Lithium, Nickel, Graphite And Cobalt; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Competition For Rare Materials Another Sign That Electric Cars Will Feed Future Of EV Charging Station Industry
The electric car race is on for graphite and other rare earth elements among all electric OEM car makers such as Tesla (NASDAQ: TSLA), Volkswagen and others as they are vital along with lithium and cobalt in the manufacturing of electric vehicles, energy storage, computers and energy technology in general. Solar Integrated Roofing Corp. (OTC PINK: SIRC) sees the competition for these scarce materials another sign that Electric Cars will feed the future of EV Charging Stations.
What’s new is tapping the Defense Production Ac as an emergency measure. Adding scarce materials today needed in electric car batteries — such as cobalt, nickel, graphite and lithium — and using federal funds to finance mining for them at home is unusual . This is putting on an equal footing metals needed for the Korean War effort to finding these metals by mining and locating them in ore mined so you can build electric car batteries.
To SIRC, applying to FINRA to have the corporate name changed to SolarEV, all of this special effort underscores the importance of electric cars to the current Administration.
Fossil fuel energy, oil and gas, are seen as anti-clean environment and representing anti-carbon capture culture. Biden and associates are putting a priority on clean energy. If it means enacting a wartime emergency act, then so be it. The results could be more successful mining and procession at home — rather than depending on foreign sources to locate and process it.
Rare Earth elements such as graphite, lithium and cobalt are causing a scramble race among OEM electric car manufacturers who need the elements to build specialized batteries for electric cars/trucks in a competitive market. Unfortunately for the U.S., China controls the supply and processing of most of these elements.
Graphex Group Ltd. — planning to list on the NYSE — has operations to mine and process graphite and has access to the rare earth element. Not Only Is President Biden Scrambling For Energy, Now He’s Seeking The Scarce Materials Used In Building Batteries For Electric Cars — So He’s Planning To Invoke The Korean-Era Defense Production Act To Find Lithium, Nickel, Graphite And Cobalt; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Competition For Rare Materials Another Sign That Electric Cars Will Feed Future Of EV Charging Station Industry.
A 4,000% increase in demand is seen for graphite. As demand soars over the next few decades, the issue for sourcing rare earth elements like graphite is already here. The sources for these elements and processing them are overseas. Sanctions against foreign countries that control these metals mean the race is on now to secure them at home for the electric car industry.
Graphite is one of the hidden gems in all this. Experts say demand for graphite will triple the supply available by 2030. A global graphite market could reach $50 billion by the end of this decade, analysts say.
Asia is the key source for graphite — with China in particular responsible for processing it for almost all battery manufacturers in the world. EV Charging Station installers, like SIRC’s PLEMCo., see the opportunities ahead. SIRC is also an applicant for some $80 million in new government federal dollars to help build more EV Charging Stations.
To SIRC, all this indicates that electric car makers and electric battery manufacturers are already scrambling for rare earth elements key to production. SIRC is already in the EV Charging Station business through subsidiary PLEMCo., and its LOIs for three complementary LA-based companies also in the EV Charging Station industry.
Not Only Is President Biden Scrambling For Energy, Now He’s Seeking The Scarce Materials Used In Building Batteries For Electric Cars — So He’s Planning To Invoke The Korean-Era Defense Production Act To Find Lithium, Nickel, Graphite And Cobalt; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Competition For Rare Materials Another Sign That Electric Cars Will Feed Future Of EV Charging Station Industry.
Since 2013, Graphic has been located in Asia right next to one of the world’s largest graphite mines in the world in China. The Company’s goal is to ramp up production four-fold to 40,000 metric tons over the next three years and help alleviate the shortage problem.
It plans to bring its patented technology to the US for processing graphite to a new facility in Michigan. It plans to choose a precise site within the next month.
It would then partner with auto manufacturing companies as it begins graphite production here at home within the next year.
A new report by report linker projects that electric car batteries are growing fast — at a 6.9% CAGR to help them become a global market of $33.26 billion by 2026. EV Charging Station installers, like SIRC’s PLEMCo., see the opportunities ahead.
One analyst acknowledges that the US is lagging China and Europe in market share and embrace of EV vehicles. But he believes America will rapidly make up share as electric vehicle models are launched.
Tesla’s (NASDAQ: TSLA) recent agreement to send two of its electric models into the Hertz rental fleet at seven US airports can only help propel the sales of North American electric cars to American drivers.
One major issue is range anxiety for drivers fearful of running out of charge. In 2021, electric cars grow in range on a single charge to about 400 miles. As range anxiety becomes less of a factor in the purchase decision, electric car sales are expected to soar worldwide, reports say.
- Research studies cannot keep up with the growth. Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights.
Not Only Is President Biden Scrambling For Energy, Now He’s Seeking The Scarce Materials Used In Building Batteries For Electric Cars — So He’s Planning To Invoke The Korean-Era Defense Production Act To Find Lithium, Nickel, Graphite And Cobalt; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees Competition For Rare Materials Another Sign That Electric Cars Will Feed Future Of EV Charging Station Industry
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Contact:
Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock
Safe Harbor Statement:
Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press
