lithium

General Motors is investing $650 million in a lithium mine in the United States to secure battery materials for electric vehicles

General Motors is investing $650 million in a lithium mine in the United States to secure battery materials for electric vehicles

General Motors will invest $650 million in a lithium mine in the United States, a record investment by a car manufacturer to secure raw materials used in electric vehicle batteries. The US group will make an initial investment of $320 million by mid-2023 in exchange for exclusive rights to the first phase of lithium production …

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General Motors shares rose after record profits and a new stake in the lithium company  CNN Business

General Motors shares rose after record profits and a new stake in the lithium company CNN Business

New York CNN – General Motors reported much stronger-than-expected fourth-quarter earnings, pushing full-year results to record highs for the second year in a row. The largest US automaker also said on Tuesday it was buying a $650 million stake in Lithium Americas, which would give it access to raw materials needed to build batteries to …

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The United States will loan $700 million for a lithium mine in Nevada

The United States will loan $700 million for a lithium mine in Nevada

WASHINGTON (Reuters) – The U.S. Department of Energy said on Friday it will loan Ionair Ltd. up to $700 million to build its Rhyolite Ridge lithium mining project in Nevada, a major step forward in President Joe Biden’s plan. To develop the domestic electric vehicle supply chain. Shares of Ioneer rose 16.3% to $16.30 on …

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