As TV News puts it…”This story is ongoing”

The FBI is conducting “law enforcement activity” at the Washington, DC, home of Russian oligarch Oleg Deripaska, an ally of Russian President Vladimir Putin, according to an FBI spokesman.

The activity is connected to a federal investigation out of New York, the spokesperson said, but could not provide any more information. A source familiar with the matter said the investigation has been “ongoing” but also provided no further details…

Deripaska was sanctioned by the US back in 2018 in response to Russian interference in the 2016 election. The Treasury Department statement announcing the sanctions said he had been investigated for “money laundering, and has been accused of threatening lives of business rivals, illegally wiretapping a government official, and taking part in extortion and racketeering.” Earlier this year, Deripaska lost a lawsuit to have the sanctions lifted…

Deripaska has rejected any link to Russian interference in the 2016 US presidential election that [Robert] Mueller investigated.

Deripaska once loaned [Paul Manafort] $10 million, according to court filings from Mueller’s investigation. [Trump’s campaign manager] Manafort was sentenced to more than 7 years in prison for bank and tax fraud and foreign lobbying-related crimes, but received a pardon last fall from President Donald Trump.

Which is to be expected from the corrupt aiding the corrupt. No doubt, the same would be a promise given to Republicans convicted over the next few years…if and when the Populist Pimp runs, again, in 2024.

North American Battery Supply Chain Emerging

Despite having all of the critical ingredients for lithium-ion batteries — nickel, cobalt, lithium, graphite — Canada doesn’t have any EV cell or component manufacturing; and it has only about 10% of the battery demand of the U.S. Combined with a lack of government support for the battery supply chain, it had seemed that Canada was destined to lose the value-add of its raw materials as they are exported to countries that had invested in battery production…

Despite the promising foundations for Canada to be a cornerstone of the North American battery supply chain, until recently it had appeared that there was a lack of support at the government/policy level to attract the industry. This is no longer the case, in just the last two weeks two cell manufacturers have been enticed to set up shop in Canada, with plans to build gigawatt-hour scale cell manufacturing facilities in the country.

Once a country has cell manufacturing capacity, the rest of the component manufacturing industry tends to follow as suppliers move close to their customers. So, Canada is now on course to create a strong domestic battery supply chain…

As EV growth continues in North America, a new supply chain super-hub is growing to challenge the dominance of China, and it is quickly catching up with the growing industry in Europe.

Since the GOUSA is the earliest, potentially-growing EV market, we may wake up some morning and learn the folks smart enough to bankroll electric cars and trucks have decided it’s worthwhile playing in every portion of this 21st Century marketplace.