EconomyLens.com
No Result
View All Result
Thursday, August 7, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Huge US lithium mine gets govt approval

Natalie Fisher by Natalie Fisher
October 24, 2024
in Other
Reading Time: 6 mins read
A A
0
61
SHARES
767
VIEWS
Share on FacebookShare on Twitter

A Tiehm's buckwheat plant starts to bud in its native habitat in the Silver Peak Range in Esmeralda County, Nevada beside Rhyolite Ridge, the site of a proposed lithium mine. ©AFP

Los Angeles (United States) (AFP) – 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. 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.

Related

Plastic pollution treaty talks deadlocked

US partners seek relief as Trump tariffs upend global trade

Swiss to seek more talks with US as ‘horror’ tariffs kick in

Plastic pollution treaty talks stuck in ‘dialogue of the deaf’

Higher US tariffs kick in for dozens of trading partners

“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.

© 2024 AFP

Tags: electric vehicleslithiumrenewable energy
Share24Tweet15Share4Pin5Send
Previous Post

UK govt changes budget rules to borrow more for investment

Next Post

Drifting off – US late night talk shows no longer must-see TV

Natalie Fisher

Natalie Fisher

Related Posts

Other

Stock markets brush aside higher US tariffs

August 7, 2025
Other

Influx of Afghan returnees fuels Kabul housing crisis

August 7, 2025
Other

India exporters say 50% Trump levy a ‘severe setback’

August 7, 2025
Other

China exports top forecasts as EU, ASEAN shipments offset US drop

August 7, 2025
Other

China says trade jumped in July, beating forecasts

August 6, 2025
Other

Sony hikes profit forecasts after strong quarter for games

August 6, 2025
Next Post

Drifting off - US late night talk shows no longer must-see TV

Prolonged strike clouds new Boeing CEO's turnaround

US court blocks Coach owner's $8.5 bn buyout of Versace parent

IMF official calls on international community to bring end to Lebanon conflict

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Swiss to seek more talks with US as ‘horror’ tariffs kick in

August 7, 2025

Bank of England cuts rate as keeps watch over tariffs

August 7, 2025

Plastic pollution treaty talks stuck in ‘dialogue of the deaf’

August 7, 2025

Germany factory output lowest since pandemic in 2020

August 7, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.