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It is imperative to emphasize that a covert competition for supremacy in the lithium market is underway, with the Chinese government consolidating its authority over global extraction. (1) Of significant importance, China has commenced lithium concentration operations in Zimbabwe, Africa, by establishing a facility that includes a mine in proximity.
Without lithium, copper and rare earths, our mobile phones, electric cars and wind turbines wouldn't function. Currently we are almost exclusively dependent on China for these critical raw materials. But there might be a way out.
High points in the report include the opening of the first Ultium battery plant in Warren, Ohio, working with suppliers to obtain low-carbon-dioxide steel and aluminum, and a series of grants to non-profits in various sustainability efforts. Find out more at TheDetroitBureau.com.
The energy transition is being built on finite resources, and the mining industry is already waving red flags
Lynas’ Amanda Lacaze said China’s 80 per cent share of global supply gave it enough ‘ammunition’ to increase production when and as it wants.