In addition, western nations such as Canada and the United States are looking to redesign their supply chains, which were hit during the pandemic, away from China and towards friendlier nations., which encourages companies to set up factories in the country through various tax incentives. The legislation also provides tax benefits for companies assembling electric vehicles in and using minerals from North America.
Wares has worked in the mining sector for more than 40 years. He is known in the industry for his work in discovering this country’s largest gold mine, the Canadian Malartic bulk tonnage gold deposit. These days, though, he is more focused on building copper projects.Article content Regardless, he believes Canada has the potential to become one of the world’s leaders in hard rock lithium production even though the country currently has just two lithium-producing mines.
The numbers suggest some gold miners are shifting to the critical minerals sector in a bid to make the most of the favourable environment.
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Analysis: For EV batteries, lithium iron phosphate narrows the gap with nickel, cobaltAs the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice.
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Lithium producers warn global supplies may not meet electric vehicle demandLithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world's aggressive electrification timelines.
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NASA opposes lithium mining at tabletop flat Nevada desert site used to calibrate satellitesThe latest challenge to lithium mining in Nevada in the push for cleaner energy comes from a place where no opposition has arisen before: space. At NASA's request, U.S. land managers have withdrawn about 36 square miles of federal land from potential mineral exploration and mining at a desert site 250 miles northeast of Las Vegas. The U.S. space agency says the unusually flat desert tract above the lithium deposit must be left undisturbed because the unique topography is used to calibrate razor-sharp measurements for hundreds of satellites orbiting overhead. A Nevada congressman has introduced legislation opposing the removal of the tract as a potential lithium mining site.
Source: AP - 🏆 728. / 51 Read more »