Once at scale, BHE Renewables facilities could produce 90,000 metric tons of lithium per year.
Imperial Valley contains some of the largest deposits of lithium in the world. If successful, this sets the company a path towards commercial scale production of battery grade lithium hydroxide and lithium carbonate by 2026. Berkshire Hathaway Energy Renewables (BHE Renewables) will announce that this spring, they will break ground on a new demonstration facility in Imperial County, California, to test the commercial viability of their sustainable lithium extraction process from geothermal brine as part of a multibillion-dollar investment in sustainable lithium production over the next five years.Currently, China controls 87 percent of the global permanent magnet market, which are used in EV motors, defense systems, electronics, and wind turbines. Paired with this catalytic public funding announcement, MP Materials will announce it will invest another $700 million and create more than 350 jobs in the magnet supply chain by 2024.
#CHINA STOCKPILE FULL#
President Biden will announce that the Department of Defense’s Industrial Base Analysis and Sustainment program has awarded MP Materials $35 million to separate and process heavy rare earth elements at its facility in Mountain Pass, California, establishing a full end-to-end domestic permanent magnet supply chain.Today, President Biden will meet with Administration and state partners, industry executives, community representatives, labor leaders, and California Governor Gavin Newsom to announce major investments in domestic production of key critical minerals and materials, ensuring these resources benefit the community, and creating good-paying, union jobs in sustainable production.
In addition to working with partners and allies to diversify sustainable sources, the reports recommended expanding domestic mining, production, processing, and recycling of critical minerals and materials-all with a laser focus on boosting strong labor, environmental and environmental justice, community engagement, and Tribal consultation standards. In June, the Biden-Harris Administration released a first-of-its-kind supply chain assessment that found our over-reliance on foreign sources and adversarial nations for critical minerals and materials posed national and economic security threats. Globally, China controls most of the market for processing and refining for cobalt, lithium, rare earths and other critical minerals.Įxecutive Order 14017 (E.O.), America’s Supply Chains, signed one year ago this week, ordered a review of vulnerabilities in our critical mineral and material supply chains within 100 days. is increasingly dependent on foreign sources for many of the processed versions of these minerals. As the world transitions to a clean energy economy, global demand for these critical minerals is set to skyrocket by 400-600 percent over the next several decades, and, for minerals such as lithium and graphite used in electric vehicle (EV) batteries, demand will increase by even more-as much as 4,000 percent. They are also key inputs in clean energy technologies like batteries, electric vehicles, wind turbines, and solar panels. These minerals-such as rare earth elements, lithium, and cobalt-can be found in products from computers to household appliances. Get Involved Show submenu for “Get Involved””īiden-Harris Administration, Companies Announce Major Investments to Expand Domestic Critical Minerals Supply Chain, Breaking Dependence on China and Boosting Sustainable PracticesĬritical minerals provide the building blocks for many modern technologies and are essential to our national security and economic prosperity.The White House Show submenu for “The White House””.
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