Yellen calls for diversified clean energy supply chains

Yellen calls for diversified clean energy supply chains

WASHINGTON: US Treasury Secretary Janet Yellen stressed Monday the need for diversified clean energy supply chains as America shifts away from fossil fuels, warning that production should not be concentrated in a few countries.
While she did not provide names, Yellen prepared remarks come at a time when China produces the majority of batteries for electric vehicles and the Treasury Department has noted a high level of Chinese control over critical mineral processing globally.
"Today, the production of critical clean energy inputs -- from batteries to solar panels to critical minerals -- is concentrated in a handful of countries," Yellen said at an event in Las Vegas.