To Undermine China’s Sovereignty, U.S. Shocks Market by Revealing New Colossal ‘White Gold’ Mine in Arkansas, Capable of Supplying 370,000 Electric Cars Per Year!

Written by Valdemar Medeiros

Published on 28/10/2024 at 09:55

Updated on 28/10/2024 at 09:56

Foto: Dall-e

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New US Lithium Mine Approved and Country Could Become a Global Power in ‘White Gold’. Lithium Mine in the US Aims to Undercut Chinese Production.

A new lithium mine in the US has been approved in the state of Nevada and has extended tax exemptions for some miners as part of its strategy to break the Chinese dominance over supply chains of so-called critical minerals, as is the case with ‘white gold’.

Lithium Mine in the US Will Have Capacity to Supply 370 Thousand Electric Vehicles Per Year

The Australian producer Ioneer stated last Thursday that it has received a federal license for its Rhyolite Ridge mine, a project that could generate enough lithium to supply about 370 thousand electric vehicles per year. The metal, known as white gold, is a key component in the production of rechargeable batteries and for the future of the electric vehicle industry.

The new lithium mine in the US is the first approval of a lithium mine by the Joe Biden administration, which offered Ioneer a loan of US$ 700 million to help build a project that could quadruple US white gold production when completed in 2028. Since 2002, only three US mines have begun operations for critical minerals, none of which are located on public lands.

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New ‘White Gold’ Mine in the US Faces Opposition from Environmental Groups

The extraction and processing of the famous white gold have a significant environmental impact, as they use large amounts of water and energy, as well as toxic chemicals such as sulfuric acid. The lithium mine in the US faced opposition from environmental conservation groups, who warned that it could threaten a species of flower at risk of extinction.

US regulators stated that they worked with the company to modify the project and develop a protection plan for the species in question, allowing the approval of the new lithium mine in the US to proceed after a six-year review.

Also last Thursday, the US published new guidelines allowing producers to claim tax credits on costs related to mining and extraction of critical minerals, provided they process part of the material.

It’s worth mentioning that this week, researchers from the United States Geological Survey and the government of Arkansas announced they found a true treasure of white gold, an essential raw material for electric vehicle batteries, in an underground reservoir in the southern state.

Understand the Importance of Lithium for the Energy Transition

With the electrification of transportation, whether in private cars or public vehicles, the growing global demand for batteries is expected to spark a rush for minerals that serve as raw materials for this equipment, such as lithium.

According to the Brazilian Geological Survey, Chile, Australia, Argentina, and China hold about 95% of the currently known lithium reserves on the planet; however, the large amount of water used in extraction methods makes the process expensive.

On the global stage, Brazil is maneuvering to position itself in the international market while witnessing domestic demand for batteries grow. Domestically, over 79 thousand hybrid and electric cars were sold in the first half of this year, mainly brought into the country by Chinese automakers, who have heavily entered the automotive industry in recent years.

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To Undermine China’s Sovereignty, U.S. Shocks Market by Revealing New Colossal ‘White Gold’ Mine in Arkansas, Capable of Supplying 370,000 Electric Cars Per Year!

New US Lithium Mine Approved and Country Could Become a Global Power in ‘White Gold’. Lithium Mine in the US Aims to Undercut Chinese Production.

Lithium Mine in the US Will Have Capacity to Supply 370 Thousand Electric Vehicles Per Year

New ‘White Gold’ Mine in the US Faces Opposition from Environmental Groups

Understand the Importance of Lithium for the Energy Transition

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

China tightens regulations on drones with real-name registration and real-time tracking, nearly banning flights in Beijing and putting its own industry under pressure.

Inspired by the manta ray, the most secret underwater drone of the USA can hibernate on its own at the bottom of the ocean for months, anchored to the seabed, and no one knows where it is…

The United Arab Emirates reveal a plant capable of delivering 1 GW of uninterrupted clean energy with 5.2 GW of solar and 19 GWh in batteries, taking renewables to a level that seemed impossible.

While in Brazil Ferrogrão has been waiting for 40 years, China has drilled through 19 seismic faults and dug a 34 km tunnel under mountains to build the world’s most difficult railway in 14 years…

While the world accelerates a new arms race, Brazil falls behind, suffers from historical delays, and raises alarms in defense; see the analysis from the expert.

To Undermine China’s Sovereignty, U.S. Shocks Market by Revealing New Colossal ‘White Gold’ Mine in Arkansas, Capable of Supplying 370,000 Electric Cars Per Year!

New US Lithium Mine Approved and Country Could Become a Global Power in ‘White Gold’. Lithium Mine in the US Aims to Undercut Chinese Production.

Lithium Mine in the US Will Have Capacity to Supply 370 Thousand Electric Vehicles Per Year

New ‘White Gold’ Mine in the US Faces Opposition from Environmental Groups

Understand the Importance of Lithium for the Energy Transition

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

Monterrey is erecting a 484-meter tower that will dethrone all the skyscrapers in Latin America — it has already surpassed the 52nd floor and there are 170 meters left to the top…

At 625 meters above the ground and with a span of 1,420 meters between mountains, China inaugurated the highest bridge in the world — and the 2-hour journey now takes 2 minutes.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

New J.Macêdo factory receives an investment of R$ 300 million, expands pasta production in the Northeast, creates jobs, and boosts the economy in Ceará.

China tightens regulations on drones with real-name registration and real-time tracking, nearly banning flights in Beijing and putting its own industry under pressure.

Inspired by the manta ray, the most secret underwater drone of the USA can hibernate on its own at the bottom of the ocean for months, anchored to the seabed, and no one knows where it is…

The United Arab Emirates reveal a plant capable of delivering 1 GW of uninterrupted clean energy with 5.2 GW of solar and 19 GWh in batteries, taking renewables to a level that seemed impossible.

While in Brazil Ferrogrão has been waiting for 40 years, China has drilled through 19 seismic faults and dug a 34 km tunnel under mountains to build the world’s most difficult railway in 14 years…

While the world accelerates a new arms race, Brazil falls behind, suffers from historical delays, and raises alarms in defense; see the analysis from the expert.