U.S. Working to Catch Up in Strategic Lithium Race
March 14, 2023--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Incentives outlined in the U.S. Inflation Reduction Act already are making a dent in breaking foreign dependencies on the essential materials of tomorrow, with electric vehicle leader Tesla Incorporated (NASDAQ:TSLA) (Austin, Texas) getting in on the lithium game.
Tesla planted a flag of sorts in Texas by breaking ground for a facility near Corpus Christi that can make battery-grade lithium hydroxide, which will be one of the few domestic plants making the essential electric vehicle (EV) component.
Other companies featured: Electra Battery Materials Corporation (NASDAQ:ELBM), Piedmont Lithium Incorporated (NASDAQ:PLL), Lithium Americas (NYSE:LAC)
