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Yellen: US Concerned Critical Minerals Remain Over-Concentrated in A Few Hands
The US must be alert to the risks of the raw materials for solar panels and other renewable energies being concentrated in just a few countries even as it makes the transition from oil, coal and natural gas, Treasury Secretary Janet Yellen has said. | "As we move away from fossil fuels, we remain concerned about the risks of over-concentration in clean energy supply chains," Yellen said on Monday during a speech in Las Vegas ahead of the anniversary of the Inflation Reduction Act. ● Yellen reminded her audience that while the United States was leading the global agenda on fossil-free energies, the production of key inputs for that change - from batteries to solar panels and other critical minerals - was in the hands of just a few countries. ● Yellen did not name the countries that are rich in critical minerals deposits, although statistics show Russia and China leading in this front - both countries that the United States does not exactly have great relations with.
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