Traditional mining is one of the dirtiest businesses there is. That reality is pressing on automakers and businesses which are committed to the transition to renewable energy sources. As the US shifts to extract lithium from domestic sources, investors are eyeing new mines and opportunities to secure contracts with battery companies and automakers.
Lithium is used in electric car batteries because it is lightweight, can store lots of energy, and can be repeatedly recharged. Analysts estimate that lithium demand is going to increase 10x before the end of this decade as Tesla, Volkswagen, General Motors, and other automakers introduce dozens of electric models. Yet, as of this writing, the Biden administration has not moved to promote more environmentally friendly options to extract lithium — like lithium brine extraction instead of open pit mines. Federal and state officials will decide which of the 2 methods — or both — will be approved. To view the full article visit Clean Transport.