U.S.-China race for lithium leads to controversial new mine

Nevada site could unlock vital EV battery supply, but faces environmental pushback

20241026N lithium mine

Albemarle's Silver Peak production site in Nevada is the only U.S. lithium mine in operation now. Production began in the 1960s. © Reuters

RYOHEI YASOSHIMA and AZUSA KAWAKAMI, Nikkei staff writers

WASHINGTON/NEW YORK -- The Biden administration's efforts to lay the groundwork for an electric vehicle supply chain that doesn't rely on China have raised hopes around the first new American lithium mine in six decades.

Under a project approved Thursday, Australia-based Ioneer plans to mine both lithium and boron at Rhyolite Ridge in the state of Nevada, in what CEO Bernard Rowe called the world's first simultaneous large-scale production of the two minerals.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.