elon musk just received a miraculous help from biden graphite minor syrah lands lone with biden
administration hi guys welcome to elon musk evolution today we will be taking a look at
the latest updates on president biden's huge relief to elon musk make sure to stick till
the end of this video as we have a lot to cover also don't forget to subscribe to our channel
and like today's video it helps us a long way graphite miner cyra cyber resources limited
is an australia-based industrial minerals and technology company from its bellama graphite
operation in mozambique the company produces natural graphite products sales of natural
graphite make up its primary source of revenue along with ongoing developments of logistics sales
and marketing agreements with specific clients the company segment includes balama and vidalia
its bellama segment is engaged in the production distribution and sale of natural flake graphite
from the blama graphite operation in mozambique its vidalia segment is engaged in the assessment
and development of downstream vidalia active anode material opportunities for natural flake graphite
including the development of a processing facility in the united states potential customer engagement
and research and development to give it a big boost institutional investors have purchased
shares of the company cyra resources has a large number of institutions on the share registry
they do hold a respectable amount of stock in the business this may suggest that the business
has some level of credibility among investors it is best to exercise caution when relying on
the alleged validation provided by institutional investors even they occasionally make mistakes you
might observe a swift decline in share price if several institutions simultaneously change their
opinions on a stock therefore it is important to review cyber resources past financial results
commercial use of graphite natural and synthetic graphite is used for electrodes refractories
batteries and lubricants and by foundries coated spherical graphite is a vital raw material
to manufacture the anode in lithium-ion batteries high-grade graphite is also used in fuel cells
semiconductors leds and nuclear reactors graphite is also used in pencils steel manufacturing and
electronics such as smartphones graphite is well known for both its non-metallic properties
such as inertia high thermal resistance and lubricity as well as its metallic properties
such as thermal and electrical conductivity industrial uses for these characteristics include
high temperature lubricants electrical motor brushes and friction materials
these made in america batteries are going to help reduce emissions and create opportunities across
the country white house national climate advisor gina mccarthy expressed during a press conference
bine administration wants to shift the country to electric vehicles the biden administration
announced on monday that it will start a 3.1 billion dollar plan to increase domestic
battery production as part of a larger effort to transition the nation away from gas-powered cars
and toward electric vehicles the transportation sector must be electrified in order to reduce
climate change caused by humans shares of the company which is a supplier to tesla inc rose more
than 15 percent on the australian stock exchange on tuesday following the news with about one-third
of all annual emissions the transportation sector is one of the major producers of
greenhouse gas emissions in the u.s according to the department of energy the funding will support
grants intended to build retool or increase the manufacturing of batteries and battery components
as well as establish battery recycling facilities president joe biden's one trillion dollar
bipartisan infrastructure bill which includes more than seven billion dollars to strengthen
the nation's battery supply chain will provide the grants funding united states government supports
cyra resources a 102 million dollar loan from the us government has been granted to cyber resources
in order to increase graphite production one of the essential components required to make electric
vehicle batteries the loan from the u.s energy department will be used to expand cyrus vidalia
plant in louisiana which converts graphite mined in mozambique into battery ready material as the
biden administration steps up efforts to grow the u.s electric vehicle manufacturing industry
importantly the loan will allow cyra to accelerate its growth strategy in its downstream business and
support the rapidly growing electric vehicle and battery supply chain in the usa cyra managing
director sean verner briefed in response to growing concerns about china's hegemony
over the major markets the u.s australia and other countries are working to diversify global supplies
of a variety of essential minerals needed to produce important goods like batteries computers
wind turbines and military weapons asx listed cyra has already signed supply agreements with
auto giants ford and elon musk's tesla the company wants to accelerate its growth rate
and become the top supplier of battery ingredients including graphite lithium
nickel and cobalt this raw material will be needed to build millions of electric vehicles
in the coming years the us government has been working to secure its supplies of vital minerals
as trade tensions fuel american worries that beijing could cut off supplies at any time
the u.s department of defense agreed to invest 120 million dollars with another asx listed mining
company linus earlier this year to construct the first facility outside of china that can separate
heavy rare earths in texas u.s secretary of energy jennifer granham declared that the government's
investment in cyrus vidalia expansion project was built on president joe biden's ambitions
to secure the nation's clean transportation future this provides a clear advantage to mr musk as well
tesla signed an agreement with syrah tesla signed an agreement with cyra earlier this year
as per the agreement tesla will acquire about 80 percent of the output from cyrus process plant
in vidalia louisiana starting in 2025. the move will reduce tesla's reliance on china to speed up
the adoption of electric vehicles automakers from tesla to volkswagen will need an ever-increasing
supply of raw materials for batteries but many of these markets are woefully under-supplied
the agreement between cyra and tesla which will last for an initial period of four years
will support the company's plans to expand its u.s facility that converts graphite mind
and mozambique into anode material the board of cira intends to make a final investment decision
regarding increasing the plant's capacity to 10 000 tons annually within the next few weeks
biden's mission to bring battery-operated cars on roads for a secure future
biden's economic and environmental agendas place a strong emphasis on making american cars more
environmentally friendly and major u.s automakers are already making preparations for the inevitable
rise of electric vehicles earlier this year gm promised that by 2035 all of its sold vehicles
would be zero emission vehicles additionally ford declared in may that by 2030 40 percent of its
sales would be electric vehicles first mr biden is bringing back and slightly tightening auto
mileage requirements to pre-president barack obama levels after they were loosened under the trump
administration according to a white house fact sheet the new regulations which would apply to
vehicles with the model year of 2023 would reduce the amount of carbon dioxide produced by the us
annually by about one-third and prevent the burning of about 200 billion gallons of gasoline
throughout the car's lifetimes biden stated that there is no turning back when discussing
the future of the auto industry with unions and automakers on thursday at the white house
biden acknowledges tesla's ev leadership tuesday marked the first time in his presidency that
president joe biden publicly acknowledged tesla highlighting the fact that it is the country's top
manufacturer of electric vehicles then biden named tesla as an example of a company that has financed
american manufacturing according to emails obtained by the news agency the administration got
in touch with the electric vehicle manufacturer on its first day in office which led to several
meetings with tesla and other electric vehicle manufacturers in the months that followed
when biden took charge as the u.s president musk was supportive of the administration and its
allegiance to sustainability he told fortune in january last year that he was super fired up to
have an administration concentrated on tackling climate change by 2030 there will be 50 percent
of zero emission vehicles on the road according to joe biden's ambitious 2.2 trillion dollar
build back better plan as part of a renewed commitment to combating climate change the bind
administration also plans to convert an estimated six hundred thousand of its fleet to alternative
fuels will this new agreement between u.s government and cyra company benefit elon musk well
dear viewers the truth is much simpler tesla wants to become the chief exporter of electric cars
after the agreement between the u.s government and syrah the tesla company will be directly benefited
biden's government wants tesla and other ev companies to thrive and bring more and more
electric cars to roads biden's actions have proved to be a great help to the tesla ceo
under his support and guidance tesla company will achieve its target to manufacture
budget-friendly evs in the future biden has expected that by 2030
half of the vehicles sold in the us will be battery electric fuel cell electric or
plug-in hybrid it would be a seismic shift for an auto industry dominated by gas-powered vehicles
the president outlines a strategy to address the climate crisis by reducing emissions and
enforcing pollution standards for cars and trucks his commitment to a greener world
is appreciated not only by environmentalists but everyone around the globe please leave a comment
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