How much money does a lithium ion project bring to the US?

The awards announced Friday bring to nearly $35 billion total U.S. investments to bolster domestic critical minerals and battery supply chains, Brainard said, citing projects from major lithium mines in Nevada and North Carolina to battery factories in Michigan and Ohio to production of rare earth elements and magnets in California and Texas.

Is the UK a 'Entrepreneurial State' for lithium-ion batteries?

These gaps reflect limits in the scope and scale of the UK government's efforts to act as an ‘entrepreneurial state’ with regard to lithium-ion batteries, particularly in the context of growing competition from Europe and the US in the wake of the US Inflation Reduction Act.

Are lithium-ion batteries a state accumulation project?

Although primarily an empirical paper, our approach has revealed the differentiated and plural character of lithium-ion batteries as a state accumulation project, in which the state has increasingly framed the trajectory of (automotive) transformation and acted as a risk-taker.

How did the lithium industry win in 2024?

The U.S. lithium industry secured major wins in 2024. The Biden administration gave final approval to Ioneer’s Nevada lithium mine at Rhyolite. The project will also be the recipient of a $700 million loan from the Department of Energy to build an on-site lithium carbonate processing facility.

Is the UK a 'global race' for lithium-ion batteries?

The UK too is seeking to onshore global production networks for lithium-ion batteries (LiB) and build a domestic battery supply chain. The UK case is instructive as the geopolitical dynamics of onshoring centre on maintaining the UK's role as an automobile manufacturing platform in the post-Brexit period rather than a general ‘global race’.

Would doubling US lithium resources to 28 million tons be a good idea?

Potentially doubling U.S. lithium resources to 28 million tons would give the U.S. nearly a quarter of known worldwide resources, and, if all else remains constant, would mean the U.S. has the greatest lithium resources in the world. Total global reserve estimates in 2023 were 28 million metric tons. Data source: U.S. Geological [+]