Australia, Canada, Chile and others will have to step up their supplies of lithium to the US if they are to have any chance of meeting the forecast demand.
Filling the estimated 250,000-tonne gap between the supply of lithium in the United States and the expected demand from electric vehicle makers and battery manufacturers by 2026 should be
Ioneer has lined up $US490 million in equity contributions from its Rhyolite Ridge joint venture partner, Sibanye-Stillwater. It has told shareholders it will fund the rest with a mix of debt and cash.Rowe says a decision on the Loans Program Office financing, which is at the same rate as US Treasury bonds, or about 4 per cent, should be made by the end of this year.
Rowe says the IRA is designed to encourage the mining of the raw materials, and the processing of the ore into chemicals that can be used in batteries that are then used in the manufacture of electric vehicles made in the US.provides incentives of $US7500 for new purchases of electric passenger vehicles and up to $US4000 for used EVs.
Patriot, which is listed on the Toronto Stock Exchange and has lodged a prospectus with the ASX, owns the Corvette Lithium Property, a 200-square-kilometre deposit in the newly discovered Corvette lithium district in Canada. “The Americans will increasingly become more desperate in their support of the battery raw materials developments because the alternatives are pretty horrible.“The alternative is you’re wholly reliant on North Asia, but especially China as a solution for your EV industry and, of course, they don’t want that.”
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