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GM To Harvest Lithium From California's Biological Disaster The Salton Sea

(Reuters) - A spike in demand for electric vehicles (EV) in the global markets is encouraging automakers such Tesla Inc, Volkswagen and Stellantis NV to secure raw materials needed for making batteries.

GM is aiming to secure a lithium supply large enough to power six million EVs by mid-2024. The project will include a multimillion-dollar investment into a California lithium site. The deal will see GM help develop Controlled Thermal Resources (CTR) Ltd’s Hell’s Kitchen geothermal brine project near California’s Salton Sea, 160 miles southeast of Los Angeles. “By securing and localizing the lithium supply chain in the U.S., we’re helping ensure our ability to make powerful, affordable, high mileage EVs while also helping to mitigate environmental impact and bring more low-cost lith...

Reuters Reuters 3 July, 2021, 11:15 am The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook July 2 (Reuters) – General Motors Co (GM.N) is investing in a U.S. lithium project that could become the country’s largest by 2024, making the automaker one of the first to develop its own source of a battery metal crucial for the electrification of cars and trucks. The deal, announced on Friday, comes as automakers around the world scramble for access to lithium and other electric vehicle (EV) metals as internal c...