The China Mail - Huge US lithium mine gets govt approval

USD -
AED 3.672498
AFN 64.000067
ALL 82.087167
AMD 368.450607
ANG 1.790403
AOA 918.000079
ARS 1428.330353
AUD 1.418842
AWG 1.801525
AZN 1.710656
BAM 1.689603
BBD 2.013822
BDT 122.983888
BGN 1.69088
BHD 0.37683
BIF 2970.152477
BMD 1
BND 1.283746
BOB 6.909421
BRL 5.061503
BSD 0.99987
BTN 95.052482
BWP 13.460326
BYN 2.766446
BYR 19600
BZD 2.010971
CAD 1.39945
CDF 2295.000148
CHF 0.799521
CLF 0.022916
CLP 904.902596
CNY 6.771499
CNH 6.763459
COP 3492.894475
CRC 454.839964
CUC 1
CUP 26.5
CVE 95.257224
CZK 20.874697
DJF 178.057103
DKK 6.461102
DOP 58.710207
DZD 133.120816
EGP 51.846573
ERN 15
ETB 157.556391
EUR 0.863898
FJD 2.215895
FKP 0.745885
GBP 0.748195
GEL 2.65497
GGP 0.745885
GHS 11.098441
GIP 0.745885
GMD 73.000416
GNF 8759.016889
GTQ 7.622133
GYD 209.191828
HKD 7.83605
HNL 26.736642
HRK 6.513798
HTG 130.733014
HUF 304.250133
IDR 17779.3
ILS 2.92082
IMP 0.745885
INR 95.110497
IQD 1309.835428
IRR 1375877.499154
ISK 124.649705
JEP 0.745885
JMD 158.489914
JOD 0.709029
JPY 160.225021
KES 129.480368
KGS 87.450285
KHR 4017.105093
KMF 426.000221
KPW 900.00035
KRW 1518.020133
KWD 0.30848
KYD 0.833312
KZT 488.937843
LAK 22017.191482
LBP 89543.518639
LKR 335.207982
LRD 181.97918
LSL 16.286467
LTL 2.95274
LVL 0.60489
LYD 6.372943
MAD 9.260766
MDL 17.462745
MGA 4172.605935
MKD 53.254719
MMK 2098.945404
MNT 3577.889929
MOP 8.070062
MRU 39.65617
MUR 47.250016
MVR 15.460146
MWK 1733.834392
MXN 17.222899
MYR 4.057596
MZN 63.913532
NAD 16.286467
NGN 1360.491092
NIO 36.793227
NOK 9.5135
NPR 152.084143
NZD 1.715119
OMR 0.384251
PAB 0.99987
PEN 3.400458
PGK 4.378213
PHP 60.770991
PKR 278.191957
PLN 3.66995
PYG 6122.413719
QAR 3.65522
RON 4.526102
RSD 101.386549
RUB 72.4589
RWF 1468.359898
SAR 3.753801
SBD 8.045573
SCR 14.065224
SDG 600.502771
SEK 9.47869
SGD 1.284502
SHP 0.746601
SLE 24.649565
SLL 20969.503664
SOS 571.465595
SRD 37.5095
STD 20697.981008
STN 21.165392
SVC 8.74865
SYP 110.532098
SZL 16.273163
THB 32.873019
TJS 9.318906
TMT 3.51
TND 2.933437
TOP 2.40776
TRY 46.232501
TTD 6.791931
TWD 31.621501
TZS 2624.681439
UAH 44.803507
UGX 3749.298086
UYU 40.387024
UZS 11975.292644
VES 581.95784
VND 26310
VUV 118.173796
WST 2.743491
XAF 566.677033
XAG 0.014699
XAU 0.000237
XCD 2.70255
XCG 1.801996
XDR 0.704764
XOF 566.677033
XPF 103.027947
YER 238.59782
ZAR 16.31128
ZMK 9001.202853
ZMW 17.467928
ZWL 321.999592
  • CMSC

    -0.0200

    22.33

    -0.09%

  • CMSD

    -0.0400

    22.26

    -0.18%

  • RBGPF

    0.0000

    60.72

    0%

  • RELX

    0.6300

    33.74

    +1.87%

  • BCE

    0.0200

    24.59

    +0.08%

  • RYCEF

    0.4600

    17.5

    +2.63%

  • GSK

    0.1800

    53.04

    +0.34%

  • BCC

    0.4800

    71.14

    +0.67%

  • NGG

    0.3200

    81.84

    +0.39%

  • JRI

    -0.0300

    12.8

    -0.23%

  • RIO

    1.7100

    105.35

    +1.62%

  • VOD

    0.2700

    15.53

    +1.74%

  • BTI

    0.9300

    62.32

    +1.49%

  • BP

    0.1000

    42.78

    +0.23%

  • AZN

    -3.5300

    178.75

    -1.97%

Huge US lithium mine gets govt approval
Huge US lithium mine gets govt approval / Photo: © AFP

Huge US lithium mine gets govt approval

An enormous lithium mine in the Nevada desert was granted final government approval Thursday in a project the miner predicts will quadruple US production of a mineral critical to the renewable energy revolution.

Text size:

Operations at Rhyolite Ridge will produce enough lithium to supply the batteries for more than 370,000 electric vehicles every year, Australian operator Ioneer said.

The plant will create 500 construction jobs over the next few years and 350 jobs during its decades of extraction, the company said.

"There are few deposits in the world as impactful as Rhyolite Ridge," said Ioneer Executive Chairman James Calaway, heralding the permit issued Thursday by the Bureau of Land Management.

The company's managing director, Bernard Rowe, said construction would begin next year.

"This permit gives us a license to commence construction in 2025 and begin our work in creating hundreds of good-paying rural jobs, generating millions in tax revenue for Esmeralda County, and bolstering the domestic production of critical minerals," he said.

The news comes less than two weeks before Americans go to the polls to elect a new president, and will be welcomed in Nevada, where unemployment is well above the national average.

The administration of President Joe Biden has made the green transition a key plank of its economic policy, investing heavily in technologies aimed at slashing the pollution that is causing the climate to change.

Scientists say electric vehicles are a vital link in that chain, and their widespread adoption in the car-dependent US will be vital if the country is to meet its carbon reduction targets.

Biden has tried to nudge the US auto industry to re-tool and shift production away from gas-guzzlers and into electric cars, in a move he says will help create jobs at home.

Subsidies for consumers have rewarded automakers who produce EVs in the United States, even while they struggle to source lithium batteries -- a sector dominated by strategic rival China.

But the project at Rhyolite Ridge has highlighted the trade-off between the need to adapt energy sources and the desire to protect the planet's biodiversity.

Campaigners say the mine will threaten the unique habitat of the endangered Tiehm's Buckwheat -- a rare wildflower with delicate cream-colored blossoms that grows only in this corner of Nevada.

"By greenlighting this mine the Bureau of Land Management is abandoning its duty to protect endangered species like Tiehm's Buckwheat and it's making a mockery of the Endangered Species Act," said Patrick Donnelly of the Center for Biological Diversity, a nonprofit conservation group.

"We need lithium for the energy transition, but it can't come with a price tag of extinction."

Ioneer admits that over the years the mine is in operation around a fifth of the flower's habitat will be directly affected.

But the company, which has spent $2.5 million researching the plant, says mining will not affect its survival, insisting their experiments show it is already growing well in greenhouses.

E.Choi--ThChM