RE: Topping up whilst quiet9 May 2023 10:41
I am happy with Ajax’s strategy to invest in North America, particularly as Lithium is found in various locations across the country, including Nevada, North Carolina, and California. According to the U.S. Geological Survey, the United States was the leading producer of lithium in the world in 2020, accounting for 22% of global production.
In Nevada, the only commercial lithium production in the United States occurs at the Silver Peak lithium mine, which is operated by Albemarle Corporation. In addition, there are several lithium exploration and development projects in various stages of development across the United States, including lithium clay deposits in Nevada and Arkansas, as well as lithium brine projects in California.
The United States government has also recognized the importance of developing a domestic supply chain for critical minerals, including lithium, to ensure national security and economic competitiveness. In 2020, the U.S. Department of Energy launched the Lithium-Ion Battery Recycling Prize, which aims to develop innovative solutions for the collection, separation, and recovery of lithium-based batteries. The U.S. government is also investing in research and development of advanced lithium extraction and processing technologies.