Charged EVs | Albemarle receives $90-million Department of Defense grant for lithium production

Albemarle, a US-based chemical producer, has received a $90-million grant from the US Division of Protection to broaden home mining and manufacturing of lithium for EV batteries.

Utilizing Protection Manufacturing Act authority, the Workplace of the Assistant Secretary of Protection for Industrial Base Coverage will subsidize the corporate’s deliberate reopening of its lithium mine in Kings Mountain, North Carolina, by buying a fleet of mining gear. The deliberate Kings Mountain mine accommodates one of many few laborious rock lithium deposits within the US. The power ought to provide sufficient materials for 50,000 tons lithium carbonate equal (LCE) of conversion capability and initially allow the manufacturing of 1.2 million EVs when it turns into operational in late 2026.

“Lithium is a necessary ingredient in our sustainable vitality future. Demand is anticipated to extend considerably and it’s crucial to safe our nation’s provide of this vital useful resource,” mentioned Albemarle’s President of Power Storage, Eric Norris.

Supply: Albermale