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(7) stories found containing 'piedmont lithium'

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  • A broken hourglass surrounded by pennies and glittering dirt

    Mineral demand surges as mines struggle

    K. Warner, Metal Tech News|Updated May 8, 2024

    Despite rising EV sales, miners are unable to finance projects for battery metals. Amidst a green tech boom, fierce global competition is pushing down company margins, and a surprising number of mining industry leaders, like Albemarle, First Quantum Minerals, Glencore, and BHP, are cutting budgets, lowering dividends, and laying off workers. In the U.S., where the Biden administration is pushing to develop a domestic mineral supply but has halted many projects that would meet...

  • Tesla’s lithium refining complex covers 1,200 acres next to rail in Texas.

    Tesla expands into lithium business

    Shane Lasley, Metal Tech News|Updated Dec 2, 2023

    Breaks ground on refinery in Texas with capacity to supply lithium for roughly 1 million Tesla EVs per year. Moving another link up the electric vehicles supply chain, Tesla Inc. has broken ground on a $375 million lithium refinery just outside of Corpus Christi, Texas. Slated for completion by 2025, the South Texas refinery is forecast to produce enough battery-grade lithium hydroxide to build about 1 million Tesla EVs per year. During a May 8 groundbreaking ceremony, Texas...

  • 20 Battery companies awarded $2.8 billion

    Shane Lasley, Metal Tech News|Updated Jul 2, 2023

    The U.S. Department of Energy has awarded $2.8 billion in grants for 20 projects to expand the domestic manufacturing of materials for lithium batteries powering electric vehicles and storing renewable energy. Here is a brief rundown of the grants and projects under this American-made battery materials initiative. 6K Inc. will receive $50 million in federal funds and plans to invest another $57.4 million to demonstrate the ability to domestically produce NMC 811 and lithium...

  • Automakers move into lithium mining space

    Shane Lasley, Data Mine North|Updated Sep 13, 2022

    General Motors, Stellantis, and Tesla moving further up battery supply chain With the batteries powering the electric vehicle revolution demanding more lithium than miners can produce, the price of this lightest metal in the universe rocketed more than 1,000% over the span of two years. This has prompted automakers such as Tesla and General Motors to become more directly involved in the mining and refining of the lithium-ion battery namesake. "Price of lithium has gone to...

  • Lithium spodumene refinery to hydroxide for lithium-ion batteries

    Tesla secures Texas Terafactory lithium

    Shane Lasley, Metal Tech News|Updated Jul 10, 2022

    Just a week after Tesla Battery Day 2020, where CEO Elon Musk unveiled the electric automaker's massive lithium-ion battery ambitions, the iconic electric automaker has cut a deal to buy some of the lithium it will require for this plan from a mine in North Carolina and has begun moving ahead with a Texas refinery to transform the raw lithium concentrates into the form needed for its batteries. These two moves will shorten Tesla's North American mines-to-electric vehicle...

  • General Motors GM sources domestic United States supplies of battery materials

    Domestic mining key to Biden EV strategy

    Shane Lasley, Metal Tech News|Updated Dec 15, 2021

    While laying out an action plan to establish the national network of electric vehicle charging stations needed to keep pace with its ambitious goal of 50% of all vehicles sold in the United States being electric by 2030, the Biden administration reiterated that domestic battery manufacturing and critical minerals supplies are key aspects of the overall EV strategy. The White House is backing up this commitment to domestic battery supply chains with roughly $20 billion in loan...

  • Controlled Thermal Resources Hell's Kitchen California geothermal energy Tesla

    Titans forge critical lithium alliances

    Shane Lasley, Data Mine North|Updated Sep 14, 2021

    The lightest of all the metals in the universe, lithium has emerged as the namesake for the batteries powering electric vehicles down global highways and storing renewable energy for those EVs to plug into. This is on top of the countless laptops, tablets, smartphones, wearable electronics, power tools, household appliances, electric bikes, scooters, toys, and the seemingly endless list of electric devices made possible by lithium-ion batteries. "Lithium consumption for...