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He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":569,"content":570},"doc",[571,588,593,598,603,616,621,626,635,642,647,652,657,662,667,672,677,682,701,713,718,723,728],{"type":572,"attrs":573,"content":574},"paragraph",{"textAlign":49},[575,578,586],{"text":576,"type":577},"President-elect Donald Trump should focus on building out the midstream of the battery supply chain in the US, to reduce the risk of valuable recycled materials being sent overseas to be processed, JB Straubel, the founder of Redwood Materials, ","text",{"text":579,"type":577,"marks":580},"told",[581],{"type":582,"attrs":583},"link",{"href":584,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://source.benchmarkminerals.com/video/watch/fireside-chat-with-redwood-materials-ceo-jb-straubel-and-benchmark","url",{"text":587,"type":577}," the Benchmark Week 2024 conference. ",{"type":572,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":577},"The US “could risk being a consumer and importer and then exporting our scrap, our waste, our value again, for someone else to benefit from – that would be a shame I think,” he told the conference in Los Angeles. ",{"type":572,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":577},"Trump should act to stop money being invested in battery processing and cathode active material plants outside of the US, in countries who have benefited from being included in the Inflation Reduction Act’s (IRA) electric vehicle consumer subsidies. ",{"type":572,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":577},"“I think it’s a pathway for how the new Trump administration might reconcile the IRA to make some adjustments and to reduce the outflows of money – which is one of their stated goals,” he said. ",{"type":572,"attrs":604,"content":605},{"textAlign":49},[606,608,614],{"text":607,"type":577},"Redwood, one of the largest battery recyclers in the US, is one of the few companies building production of ",{"text":609,"type":577,"marks":610},"cathode active materials",[611],{"type":582,"attrs":612},{"href":613,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://www.benchmarkminerals.com/cathode",{"text":615,"type":577}," in the country. Its plant in Nevada, which is under construction, will have capacity to produce around 18 gigawatt hours (GWh) of cathode active material a year, enough for more than 250,000 electric vehicles. ",{"type":572,"attrs":617,"content":618},{"textAlign":49},[619],{"text":620,"type":577},"It aims to increase that capacity five-fold to over 100 GWh a year. ",{"type":572,"attrs":622,"content":623},{"textAlign":49},[624],{"text":625,"type":577},"But Straubel said “it’s tricky for one company to do all this, we need more of an ecosystem growing in the US.” ",{"type":572,"attrs":627,"content":628},{"textAlign":49},[629],{"type":630,"attrs":631},"image",{"id":49,"alt":632,"src":633,"title":49,"source":49,"copyright":49,"meta_data":634},"","https://a.storyblok.com/f/287943243085208/9eaae43efd/bm-benchmark-cathode-construction-tracker.png",{},{"type":636,"attrs":637,"content":639},"heading",{"level":638,"textAlign":49},4,[640],{"text":641,"type":577},"Lack of support in the IRA",{"type":572,"attrs":643,"content":644},{"textAlign":49},[645],{"text":646,"type":577},"Straubel said US policy needed to be more supportive of domestic mining, refining, and cathode production. ",{"type":572,"attrs":648,"content":649},{"textAlign":49},[650],{"text":651,"type":577},"The implementation of President Joe Biden’s signature Inflation Reduction Act “missed the mark a little bit,” by not specifying that mining, refining or cathode production needed to be in the US, he said.",{"type":572,"attrs":653,"content":654},{"textAlign":49},[655],{"text":656,"type":577},"The IRA’s electric vehicle tax credits stipulate that electric vehicle batteries must contain critical minerals extracted or processed in the United States, or in any country with which the US has a free trade agreement. ",{"type":572,"attrs":658,"content":659},{"textAlign":49},[660],{"text":661,"type":577},"As a result investment “quickly moved to other parts of the world,” where there were better incentives, he said. ",{"type":572,"attrs":663,"content":664},{"textAlign":49},[665],{"text":666,"type":577},"“To me that is one shortcoming of how the IRA actually got implemented,” he said. ",{"type":572,"attrs":668,"content":669},{"textAlign":49},[670],{"text":671,"type":577},"The original intent of the IRA’s $7,500 electric vehicle tax credit was to boost investment and jobs in the US by forcing automakers to rely on domestic minerals and materials, Straubel added.",{"type":572,"attrs":673,"content":674},{"textAlign":49},[675],{"text":676,"type":577},"“We haven’t incentivized critical minerals mining, critical minerals refining, or at least to a vastly less degree,” he said. ",{"type":636,"attrs":678,"content":679},{"level":638,"textAlign":49},[680],{"text":681,"type":577},"The advantage of recycling ",{"type":572,"attrs":683,"content":684},{"textAlign":49},[685,691,693,699],{"text":686,"type":577,"marks":687},"Benchmark’s Recycling Forecast",[688],{"type":582,"attrs":689},{"href":690,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://www.benchmarkminerals.com/recycling/data-reports/forecast",{"text":692,"type":577}," shows that",{"text":694,"type":577,"marks":695}," process scrap will constitute the primary feedstock supply",[696],{"type":582,"attrs":697},{"href":698,"uuid":49,"anchor":49,"target":49,"linktype":585},"https://source.benchmarkminerals.com/article/battery-production-scrap-to-be-main-source-of-recyclable-material-this-decade",{"text":700,"type":577}," for North American recyclers until around 2035, at which point the increasing number of old EVs will mean the amount of end-of-life scrap will skyrocket.",{"type":572,"attrs":702,"content":703},{"textAlign":49},[704,706,711],{"text":705,"type":577},"Redwood currently operates a facility in Reno, Nevada, which processes 10,000 tonnes of battery scrap a year and produces precursor cathode active material (pCAM) and lithium carbonate, according to",{"text":707,"type":577,"marks":708}," Benchmark’s Recycling Forecast",[709],{"type":582,"attrs":710},{"href":690,"uuid":49,"anchor":49,"target":49,"linktype":585},{"text":712,"type":577},".",{"type":572,"attrs":714,"content":715},{"textAlign":49},[716],{"text":717,"type":577},"Straubel said that recycling and reprocessing of materials within the US “can be one of our most strategic ways to compete with external supply chains,” as domestic mining would be unable to meet domestic demand. ",{"type":572,"attrs":719,"content":720},{"textAlign":49},[721],{"text":722,"type":577},"The supply of material feedstock in the US was growing at around 50% to 80% a year, he said. ",{"type":572,"attrs":724,"content":725},{"textAlign":49},[726],{"text":727,"type":577},"In contrast “it will be very hard, not impossible, but very hard for us to ever really fully meet demand  with domestic mining for all these materials,” he said. ",{"type":572,"attrs":729,"content":730},{"textAlign":49},[731],{"text":732,"type":577},"“The geology just isn’t that favourable for enough nickel perhaps or copper within US borders.”","President-elect Donald Trump should focus on building out the midstream of the battery supply chain in the US, to reduce the risk of valuable recycled materials being sent overseas to be processed, JB Straubel, the founder of Redwood Materials, told the Benchmark Week 2024 conference. 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