That’s partly thanks to President Joe Biden’s signature climate and tax bill known as the Inflation Reduction Act . A key piece of the legislation is focused on bolstering production and processing for critical battery metals like lithium within the US and with countries that have free-trade agreements with Washington.
“Pricing is going to remain strong,” Norris said in an interview on the sidelines of Deutsche Bank’s 7th annual lithium and battery supply chain conference in New York. “Everybody needs lithium.” The IRA’s economic incentives are likely to spur domestic investment in lithium output, according to Patrick Brindle, chief operating officer of Piedmont Lithium Inc. The company received $141.7-million in US grants for projects aimed at boosting the country’s electric vehicle battery supply chain.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: China to ease quarantine, mass testing in nationwide Covid moveChina is set to announce a further relaxation of Covid control measures as soon as today — including allowing some infected people to home quarantine as a nationwide policy, and reining in unnecessary testing — according to people familiar with the matter, as the government continues to quickly ease its zero-tolerance strategy amid growing public discontent. What a scam
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: The Developing World Is Facing a $2.5 Trillion Debt ShockDeveloping nations may need to find as much as $2.5 trillion over five years to meet external debt-service costs as interest rates rise and poorer countries struggle to refinance borrowings, a Finance for Development Lab model shows.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Oil Halts Losses as China Covid Shift Reduces Demand ConcernsAfter three days of big losses, the oil market is finally taking a bit of a breather. Prices drifted within little changed territory as traders took a pause to assess whether further signs of China’s economy reopening could help support demand. I have lost so much through investing cause I was new and didn't meet the right account manager to invest with. I was at the verge of quitting till I was introduced to JamesAlderson0 and my story changed. its worth a try I can testify this platform. JamesAlderson0
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Cryptos Are the ‘Bubble of a Generation,’ ECB’s Panetta SaysCrypto-assets that promised radical change in how people pay, save and invest have turned into the “bubble of a generation,” highlighting the need for stricter regulation and risk management, according to European Central Bank Executive Board member Fabio Panetta. Why? You played the roulette wheel on an “investment “ and you lost. Regulation will not change the way it was run. Not everything needs regulations
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Cartoon Thursday with RicoDefend Truth
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Stocks mixed on China reopening, recession fears: markets wrapStocks in Asia fluctuated following signs China would further relax its Covid restrictions, while Treasuries flashed warning signs of recession. The dollar strengthened in an indication of demand for havens. China lies...
Source: dailymaverick - 🏆 3. / 84 Read more »