Most of the world’s lithium, a key ingredient in the batteries that power electric vehicles, is mined in Australia, China, Chile and Argentina. China dominates global production of rare earth minerals such as neodymium, used to make magnets in wind turbines. It has also largely cornered the market in lithium-ion batteries, accounting for 77 percent of the world’s capacity for producing battery cells and 80 percent of its raw-material refining, according to BloombergNEF, an energy research group.Updated June 8, 2021, 12:31 p.m. ETThe United States lags far behind other countries in manufacturing many clean energy technologies, leaving it heavily reliant on …
