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Automakers Invest in U.S. Lithium-Mining Projects

Automakers Invest in U.S. Lithium-Mining Projects

August 18, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Earlier this week, Stellantis NV (NYSE:STLA) (Hoofddorp, Netherlands), which manufactures Chrysler, Jeep, Dodge, Ram and Fiat vehicles, announced the latest investment by an automaker into a U.S. lithium-mining project.

Stellantis' most recent investment expands on an agreement made last year with Controlled Thermal Resources Holdings Incorporated (Imperial, California) to supply battery-grade lithium hydroxide from its Hell's Kitchen lithium project, which is under development in Imperial Valley, California.

Other companies featured: Ford Motor Company (NYSE:F), Compass Minerals International Incorporated (NYSE:CMP)