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...Zeng declined to elaborate on a similar deal CATL has struck with Tesla to help the EV maker expand battery production in Nevada. “We don’t say licensing,” he said....
...DLE projects are also under way in Nevada and Utah. In western Canada’s oil-rich Alberta, Imperial Oil, majority owned by Exxon, has joined a DLE venture with E3 Lithium....
...Shares of Lithium Americas leapt 12 per cent after the US government announced plans to loan $2.3bn to the company to develop its flagship lithium project in Nevada that will supply the electric car battery...
...A hard-to-replicate combination of decades of legal precedent and an established legal community make the state attractive to corporations....
...The Barroso mine in Portugal has been forced to push back several times as it awaits approval while a project in Nevada has also faced years of opposition from conservation groups....
...Musk, the world’s richest man, switched the incorporation of his brain-implant company Neuralink from Delaware to Nevada last week....
...Piedmont Lithium has appointed Dawne Hickton to the board of directors of the lithium supplier. Hickton currently serves as chief executive of Cumberland Additive, a metal additive manufacturer....
...He already said during the SOTU that corporations needed to pay more taxes so expect to hear him aim his sights at corporations more as he hits the campaign trail....
...The US International Development Finance Corporation in 2020 made an equity investment in TechMet, with retired admiral Mike Mullen agreeing to lead the company’s advisory board....
...But that’s not the only reason corporations love it. It’s also because of how long it’s been in operation....
...Last year, Saudi Arabia’s Saline Water Conversion Corporation launched a $10mn global prize for Innovation in Desalination....
...Indeed, the lithium market offers a cautionary tale....
...That’s the focus of today’s newsletter, drawing on my trip to Norway to shoot part of our forthcoming film on the lithium supply chain....
...ExxonMobil plans to begin producing lithium in 2027 in a major strategic pivot....
...The company’s existing roster includes the US International Development Finance Corporation (DFC), the US government development bank, Swiss-based commodity trader Mercuria and London-based asset manager...
...“And the west from that perspective has a shorter time horizon, whether it’s corporations that have to deal with the psychology and emotions of shareholders or governments that have election cycles.”...
...The US carmaker will make an initial investment of $320mn by mid-2023 with a further $330mn to follow later in return for exclusive rights to the lithium produced at Thacker Pass in the US state of Nevada...
...Despite being among the most lithium-rich countries in the world, the US has only one operational lithium mine, which is also located in Nevada....
...Graphite is the most common material used in the anode side of lithium-ion batteries because of its relatively low cost, high energy density and stable structure....
...Such was the demand that the Nevada plant “could be sold out 10 times”, he estimated....
...The US has one operational lithium mine — and another proposed lithium mine in Nevada, Thacker Pass, has been opposed by conservation groups....
...And Intel is far from the only major corporation to be pouring investment — and bringing jobs — to the region....
...Dear reader, The Burning Man festival in Nevada patronised by wealthy hedonists was washed out this week....
...GM also said in January it will invest $650mn in the Thacker Pass lithium mine in Nevada to control exclusive rights to the first stage of the commodity’s production....
...“CEOs have to ensure AI is trustworthy,” says Ken Chenault, former chief executive of American Express and co-chair of the Data & Trust Alliance, a non-profit consortium of large corporations that is developing...
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