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A $6 Billion Jolt for U.S. EV Supply Chains

A pumping pipe at a Sociedad Química y Minera de Chile (SQM) lithium mine.

A pumping pipe at a Sociedad Química y Minera de Chile (SQM) lithium mine.

Photographer: Cristobal Olivares/Bloomberg
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President Biden finally signed his $550 billion bipartisan infrastructure bill into law last week, and among the goodies was $6 billion in federal grants for companies making batteries or processing materials for the components they use.