Limited lithium means limited electric batteries—and though the administration's modest move might help in the short term, a sustainable fix will take years.
. The more modest step reflects a challenge for the White House over how to transition to domestic sources for electric vehicle materials while also pushing to make mining more sustainable and equitable for local people, says Thea Riofrancos, a political scientist at Providence College who studies the lithium industry. That’s not an easy task. “They want to square a circle,” she says.
For those types of riskier projects, government money could make a difference. “When you speak to these companies about what they want from the government side of things, financing is a great thing,” Miller says. Still, $750 million isn’t a lot in “build-a-giant-mine” terms. “You’d want more like $750 million,” says Alex Grant, an analyst who studies lithium mining at Jade Cove Partners. The administration reportedly wants Congress to tackle the task of allocating more money.
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