Thread by @MatthewFoldi

My latest @Newsweek:

I bet you had no idea that China wants to pillage America's lithium reserves like we're one of their subservient client states–and that the Biden admin, led by @JenGranholm, is poised to help them do so!

newsweek.com/biden-administ…

(1/xx)

We know the Chinese Communist Party is pillaging Africa for rare earth elements and other raw materials integral to modern life. What disturbingly few people know is how close Beijing came—and might still be coming—to doing the same thing here!

newsweek.com/biden-administ…

(2/xx)

Lithium Americas, a Canadian company whose single largest shareholder has direct ties to the CCP, wants to mine the largest lithium deposit in North America with the benefit of taxpayer-funded loans—and the Biden admin is doing nothing about it!

newsweek.com/biden-administ…

(3/xx)

For years, the CCP and its state-owned enterprises have spread around the globe in a quest to dominate the mining and processing of critical minerals like lithium—a key element in electric vehicle batteries.

newsweek.com/biden-administ…

(4/xx)

Now, under the terms of a new loan program administered by the Biden admin, our top global adversary could obtain taxpayer-funded partial control of a massive lithium mine in Nevada, which is known to contain ~a quarter of the world's lithium.

newsweek.com/biden-administ…

(5/xx)

In 2020, Dem #NVGOV @SteveSisolak awarded almost $9 million in tax abatements to Lithium Nevada Corp., the Nevada-based subsidiary of Lithium Americas, to develop a mine in Nevada.

Obviously there's a new sheriff in town now: @JoeLombardoNV!

newsweek.com/biden-administ…

(6/xx)

Now, Lithium Americas announced that it had submitted a formal loan application to @Energy's Advanced Technologies Vehicles Manufacturing Loan Program, which it said would cover "the majority" of "capital costs" associated with its Nevada mining.

newsweek.com/biden-administ…

(7/xx)

All of this, of course, is problematic because the largest shareholder of Lithium Americas is Ganfeng Lithium.

@CAndersonMO reported @FreeBeacon on Ganfeng's ties to the CCP.

Read that piece here, it's crazy

freebeacon.com/democrats/stev…

(8/xx)

Ganfeng's 2021 annual report describes one board member as "a member of the Communist Party of China." Ganfeng itself is also under investigation in China for suspected insider trading.

newsweek.com/biden-administ…

(9/xx)

Lithium Americas, ostensibly to quell concerns over its links to the CCP, is splitting up its North and South American mining operations, a move #FL06 @michaelgwaltz calls a "shell game."

newsweek.com/biden-administ…

(10/xx)

The problem of state control remains, however, because Ganfeng will remain the largest shareholder of both companies. Despite Lithium Americas' downplaying of its ties to the CCP, publicly available information is enough to raise red flags.

newsweek.com/biden-administ…

(11/xx)

Now that Republicans are poised to retake the House—and to start meaningful oversight of the Biden administration through @GOPOversight and beyond—deals like this will face substantial scrutiny.

newsweek.com/biden-administ…

(12/xx)

In a recent piece in @ForeignPolicy, Matthew Pottinger, Matthew Johnson, and @DavidFeith warned that Xi Jinping hopes to "replace the modern nation-state system with a new order featuring Beijing at its pinnacle." Will we let him?

We shouldn't!

foreignaffairs.com/china/xi-jinpi…

(13/xx)

If the Treasury Department won't block this deal, @HouseGOP should step in. The administration did take a promising step in banning the Chinese telecommunications giant @Huawei, but...

newsweek.com/biden-administ…

(14/xx)

The @Energy Department *just* announced it's awarding hundreds of millions to a different lithium battery company–one poised to be removed from NASDAQ!–which operates primarily out of China, underscoring the need for @HouseGOP oversight.

newsweek.com/biden-administ…

(15/xx)

Read @alanagoodman's latest on @JenGranholm's pending giveaway of hundreds of millions of YOUR dollars to a lithium battery company that primarily operates out of China

Ripe for @GOPoversight to look into

freebeacon.com/biden-administ…

(16/xx)

Fortunately, #FL06 @michaelgwaltz told @jackmcv_ @DailyCaller this is a priority

"Congress should absolutely investigate this acquisition as we need critical minerals to remain competitive with the global economy and for our own nastsec."

(17/x)

dailycaller.com/2022/11/30/gop…

The future of America's rare earth minerals—and our fight against communist China—depends on @HouseGOP and @GOPOversight holding the line on bad deals like this one.

newsweek.com/biden-administ…

(18/x)

The House’s @HouseCommerce is criticizing a different award from @SecGranholm and @ENERGY to a China-based lithium battery company

(19/x)

https://twitter.com/HouseCommerce/status/1600506668500111361

This is a MASSIVE SCANDAL that @GOPoversight led by #KY01’s @RepJamesComer is onto

Joe Biden “failed to disclose that he played a critical role in arranging a business deal to sell American natural resources to the Chinese.”

republicans-oversight.house.gov/wp-content/upl…

(20/xx)