Biden Would Give Beaten-Up Lithium a Boost, Top Producer Says
- Albemarle CEO sees positives in potential incentives, EV focus
- Less hostile approach with China may help battery supply chain
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The lithium market would benefit from a Joe Biden victory in U.S. presidential elections, according to the biggest producer of the key ingredient in batteries for electric vehicles.
Biden, who is tightening his hold on the race for the White House, unveiled plans to spend $2 trillion on a clean energy economy, calling for more public investment in charging infrastructure and fresh tax credits to help throttle U.S. greenhouse gas emissions driving climate change.