GM moving in right direction on EVs23 Nov 2020 23:01
GM announced today that it dropped out of litigation the Trump administration launched against California over the state’s effort to implement its own more stringent emission regulations on the auto industry.
“We believe the ambitious electrification goals of the President-elect, California, and General Motors are aligned, to address climate change by drastically reducing automobile emissions. We are confident that the Biden Administration, California, and the U.S. auto industry, which supports 10.3 million jobs, can collaboratively find the pathway that will deliver an all-electric future. To better foster the necessary dialogue, we are immediately withdrawing from the preemption litigation and inviting other automakers to join us.”
If the US is to start embracing the need for EV's in the same way the EU has, this will surely start a race to secure Li at source. I'm not suggesting GM will be looking at MdB, but it means that there will be many more players looking at limited availability material. If EU wants to ramp up EV ownership and meet it's targets it must look at the Li assets it has and strongly push to get these mines into service ASAP.
For the Port Government this must be a once in a lifetime opportunity to raise some serious money both now and in royalties in future years similar to the 3G network auction back in early 2000's