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Touchdown ventures logo8/15/2023 ![]() He said miners are reluctant to “go all out” on lithium until they are sure the industry won’t switch to batteries made with other metals.Įven if they do, developing lithium sources is a yearslong process. “Supply side bottlenecks are becoming a real challenge,” Paoli and Gul said in a report last year.Īutomakers might be putting in their own money to reassure “notoriously risk-averse” miners, according to Alastair Bedwell of GlobalData. Opponents say it might poison water supplies and soil and pollute nesting grounds for birds.ĭespite rising output, the industry may face shortages of lithium and cobalt as early as 2025 if enough isn’t invested in production, according to Leonardo Paoli and Timur Gul of the International Energy Agency. In return, GM says it will get enough for 1 million vehicles a year.Ĭonservationists and American Indians are asking a federal court to block development of the Nevada mine, which the Biden administration has embraced as part of its clean energy agenda. ![]() GM is buying direct access to lithium by investing $650 million in the Canadian developer of a Nevada mine that is the biggest U.S. Other governments including Indonesia, Chile and Zimbabwe are trying to maximize their return on deposits of lithium, cobalt and nickel by requiring miners to invest in refining and processing before they can export. ![]() Canada ordered three Chinese companies last year to sell lithium mining assets on security grounds. Adding to uncertainty, lithium has emerged as another conflict in strained U.S.-Chinese relations.īeijing, Washington and other governments see metal supplies for electric vehicles as a strategic issue and are tightening controls on access. ![]()
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