The U.S. Department of Energy has announced that it will loan $700 million to mining company Ioneer to develop lithium reserves found in Nevada. As the U.S. “battery belt” continues to develop, the demand for raw lithium to produce batteries has rapidly increased. Nowhere has this been better seen than in the price of raw […]
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Tesla and Piedmont Lithium amended their supply deal for spodumene concentrate (SC6) through the end of 2025. SC6 is a high-purity lithium ore that is used to produce as a raw material and used for lithium-ion battery production. Tesla and Piedmont mutually agreed to amend the agreement, which was first signed in 2020, with new […]
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Albemarle, a leading lithium extraction company, is investing millions into a new lithium research facility to improve battery technology in EVs. With current technology, EVs are inextricably linked to lithium. The alkali metal is the critical element needed for every EV battery currently on the market. And while research is ongoing to find a better […]
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Tesla representatives attended a community meeting in Nueces County about its proposed lithium refining facility for battery production. The Nueces County Commissioners Court held a public meeting recently to discuss Tesla’s potential tax abatement agreement with the county. The Nueces County community has voiced environmental concerns about Tesla’s lithium refining facility, particularly concerning its water […]
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Canada committed $27 million to E3 Lithium’s $87 million project for the construction of a demonstration plant specializing in Lithium production, the country’s Department of Innovation, Science, and Economic Development announced today. The $27 million contribution will help accelerate Canada’s efforts to create jobs, reduce greenhouse gas emissions, and achieve net zero carbon emissions by […]
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Livent Corp., a Pennsylvania-based Tesla lithium supplier, is considering expanding production in Canada. As electric vehicles have grown in popularity worldwide, the demand for lithium, which is found in electric vehicle batteries, has skyrocketed. One company supplying the likes of Tesla, General Motors, and BMW is Livent Corp. The company is considering expanding into Canada, […]
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Stellantis made a €50 million (about $52 million) equity investment in Vulcan recently to increase lithium production for EV manufacturing. Vulcan plans to use the investment for expansion drilling in its Upper Rhine Valley Brine Field (URVBF), where it aims to produce lithium hydroxide. Vulcan’s URVBF already produces geothermal energy. It plans to expand to […]
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Tesla supplier Core Lithium Ltd. (ASX:CXO) recently provided a development update on its Finniss Project located near Darwin in the the Northern Territory of Australia. Tesla inked an agreement with the Australian Lithium producer earlier this year. “The Finniss Project is progressing well and remains on track to ship first spodumene concentrate by the end […]
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Elon Musk advised young entrepreneurs to get into the Lithium business. During the Q1 2022 live Q&A webcast, Tesla talked about some of the challenges it is still facing, particularly regarding raw materials and logistics. Musk teased some “exciting announcements” about raw materials later this year. He noted that as Tesla reaches the production level […]
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Lithium Corporation, a North American energy metals company, shut down rumors of a buyout by electric car company Tesla on Wednesday, contradicting early speculation that circulated through social media. Early on Wednesday, reports of Tesla purchasing Lithium Corp. made their way through the morning news cycle, driving additional speculation that the automaker could be looking […]
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