Posted on 01/31/2023 1:21:47 PM PST by Red Badger
Jan. 31 (UPI) -- General Motors announced Tuesday it will make a $650 million equity investment into Lithium Americas to develop the Thacker Pass mine in Nevada to produce material needed for its electric vehicles.
GM is touting the news as the largest-ever investment by a carmaker to produce domestic lithium to make EV batteries. Lithium Americas, which is based in Vancouver, Canada, said it believes there is enough lithium in the mine to produce batteries for 1 million EVs annually.
As the market for electric cars grows, so have supply chain worries for lithium, the critical raw material needed for the batteries. According to Mining.com, Australia, Chile and China are the leading countries in producing lithium.
"GM has secured all the battery material we need to build more than 1 million EVs annually in North America in 2025 and our future production will increasingly draw from domestic resources like the site in Nevada we're developing with Lithium Americas," GM Chairwoman and CEO Mary Barra said in a statement.
"Direct sourcing critical EV raw materials and components from suppliers in North America and free-trade-agreement countries help make our supply chain more secure, helps us manage cell costs, and creates jobs."
The Thacker Pass mine received a Record of Decision in January 2021 from the Department of the Interior's Bureau of Land Management, according to Lithium Americas. Construction is expected to start (BLM) and has all permits required to commence construction. Construction is expected to commence in 2023.
Thacker Pass is located about 60 miles northwest of Winnemucca, in Humboldt County in northern Nevada in an area that has the potential to expand.
"The agreement with GM is a major milestone in moving Thacker Pass toward production while setting a foundation for the separation of our U.S. and Argentine businesses," Lithium Americas President and CEO Jonathan Evans said in a statement.
"This relationship underscores our commitment to developing a sustainable domestic lithium supply chain for electric vehicles."
Polluting the world with Lithium. How wonderful.
Good luck with that. I think I see an endangered lizard under a rock over there...
If you want to be “good” you need to open your wallet and pay the politicians.
It is just like the old Indulgences.
;-)
When you can’t produce the evidence you try changing the subject. Nice try.
No. Dealing with EV nerds is a waste of time. You’re worse, but not by much, than the DeSantis folks.
People tend to like ad hominem when they can’t back up their stupidity. You’re trodding well worn ground.
And one more thing about the EV nerds. In their quest to demonstrate their virtue, they don’t shut up even though no one cares about their toy cars.
https://dailycaller.com/2023/01/31/bidens-epa-alaskan-mine-safeguard-salmon/
So sad, I guess if it’s not good for Alaska it probably isn’t going to be good in Nevada.
So sad
I don’t have an EV but feel free to keep digging that hole. It would a loss for entertainment if you started employing reality instead of your imagination.
That article appears to align you and Biden against the disastrous mining companies. Was that your intention?
three tons of sulfuric acid................a major constituent for making Meth........................
As a libtard said to me at work the other day: power generation is someone elses problem.
Yeah, until you can't plug your car in somewhere and charge it in 30 minutes, it's "someone elses problem".
What a complete bunch of dummies.
Mexico.................
Liberals NEVER consider the future consequences of their policies, only the present ‘benefits’.
NEVER.
EVER.
AD INFINITUM...............
Did I mention the dumbass lives in the city of Chicago in a high rise? LOL! He's gonna learn the hard way.
... but only if the government makes money on it ... as in Nevada where much of the state is owned by our totally corrupted federal government.
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