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GM to make $650M investment in domestic lithium production in Nevada
UPI ^ | January 31, 2023 | By Clyde Hughes

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."


TOPICS: Business/Economy; Health/Medicine; Local News; Military/Veterans; Travel
KEYWORDS: blm; ccp; china; ev; gm; humboldtcounty; lithium; nevada; saltonsea; thackerpass; winnemucca
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To: Red Badger

Polluting the world with Lithium. How wonderful.


41 posted on 01/31/2023 4:33:50 PM PST by Revel
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To: Red Badger

Good luck with that. I think I see an endangered lizard under a rock over there...


42 posted on 01/31/2023 4:40:22 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: cp124

If you want to be “good” you need to open your wallet and pay the politicians.

It is just like the old Indulgences.

;-)


43 posted on 01/31/2023 4:46:22 PM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: qaz123

When you can’t produce the evidence you try changing the subject. Nice try.


44 posted on 01/31/2023 5:18:33 PM PST by Pelham (#NeverNikki)
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To: Pelham

No. Dealing with EV nerds is a waste of time. You’re worse, but not by much, than the DeSantis folks.


45 posted on 01/31/2023 5:21:52 PM PST by qaz123
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To: qaz123

People tend to like ad hominem when they can’t back up their stupidity. You’re trodding well worn ground.


46 posted on 01/31/2023 5:29:15 PM PST by Pelham (#NeverNikki)
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To: Pelham

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.


47 posted on 01/31/2023 5:37:18 PM PST by qaz123
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To: Pelham

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


48 posted on 01/31/2023 5:49:36 PM PST by qaz123
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To: qaz123

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.


49 posted on 01/31/2023 5:50:00 PM PST by Pelham (#NeverNikki)
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To: qaz123

That article appears to align you and Biden against the disastrous mining companies. Was that your intention?


50 posted on 01/31/2023 5:52:33 PM PST by Pelham (#NeverNikki)
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To: Pelham

three tons of sulfuric acid................a major constituent for making Meth........................


51 posted on 02/01/2023 5:24:44 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger
Build all the battery powered cars they want. When there isn't enough electric infrastructure and coal to power those "clean energy cars" then what? ROFL!!

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.

52 posted on 02/01/2023 5:27:39 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: moovova

Mexico.................


53 posted on 02/01/2023 5:28:22 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: usconservative

Liberals NEVER consider the future consequences of their policies, only the present ‘benefits’.

NEVER.

EVER.

AD INFINITUM...............


54 posted on 02/01/2023 5:45:14 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger
True, which is why I laughed and said "good luck with that".

Did I mention the dumbass lives in the city of Chicago in a high rise? LOL! He's gonna learn the hard way.

55 posted on 02/01/2023 5:50:40 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: NWFree
Suddenly mining is okay now

... 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.

56 posted on 02/01/2023 5:57:24 AM PST by glennaro (Never give up ... never give in ... never surrender ... and enjoy every minute of doing so.)
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