Page 166 - ANC22-Presentations-Weds
P. 166
EVERYONE WANTS MORE NICKEL
The Joe Biden administra8on was worried about supply-chain constraints well before the war in Ukraine. Recent events have
only sharpened the White House's thinking, highligh8ng — among other deficits — that the U.S. accounts for only 0.64% of all
global nickel produc8on.
As a result, at the end of March, it invoked the Defense Produc8on Act to boost domes8c produc8on of cri8cal materials used
in electric vehicles. Among the means to be used include “environmentally responsible domes8c mining and processing.”
Bloomberg Asia 9 May 2022
POSEIDON NICKEL 18
