China currently produces 75% of the world's lithium-ion batteries, while the U.S. accounts for only 7%. Special Presidential Coordinator Amos Hochstein stated that the U.S. is in a race to diversify its supply chain, which is currently dependent on Chinese-owned mines in Africa and South America. While the U.S. seeks to increase domestic mining in states like Nevada and the Carolinas, it remains heavily reliant on foreign processing and refining capabilities.



