[...] Friday’s announcement is the latest in a string of lithium companies announcing new or expanded U.S. plants on the heels of the Inflation Reduction Act. The legislation provides support for lithium companies on the manufacturing side, while also tying the incentives for EV tax rebates to where the vehicle’s battery is produced.
Albemarle is in the process of reopening its Kings Mountain mine in North Carolina, while also doubling the output at its Silver Peak facility.
Piedmont Lithium unveiled plans for a new lithium refining plant in Tennessee in September, and Lithium Americas is in the process of developing its Thacker Pass mine in Nevada. The project has been delayed by years of permitting hurdles.
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