The Epoch Times The Biden administration-driven transition from fossil fuels may be hobbled by the difficulty of procuring critical minerals, many of which are mined and processed by China, the authors of a think tank analysis warn.
âChina is the dominant supplier for multiple critical minerals and is likely to remain so. In the case of minerals it does not supplyâsuch as cobaltâChina has near-monopolistic control of refining capacity through its state-owned enterprises,â states the March report, which was authored by Phil Rossetti and George David Banks for the Citizens for Responsible Energy Solutions (CRES) Forum. The projected demand may require more of some minerals than can be found in total reserves.
âIncreasingly, scholars are questioning the mineral requirements that would be needed to reach either 100 [percent] renewable or clean energy targets,â the CRES Forumâs analysis states…
