Tag: lithium
9% yield! This top lithium stock looks like a bargain to me
Sociedad Quimica y Minera de Chile (NYSE:SQM) shares are up 42% over the last 12 months. But I think this lithium stock still offers tremendous value.
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These UK lithium shares have jumped over 50% already in 2023! Time to buy?
Christopher Ruane has been hunting for lithium shares to buy for his portfolio. Could this penny stock with some exciting news fit the bill?
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Albemarle posts Q4 earnings topper as lithium sales soar more than fivefold
What Are Sodium-Ion Batteries, and Could They Replace Lithium?
Batteries are becoming crucial to everyday life, and whoever comes up with a better battery has the world on a platter. Sodium-ion batteries are a top contender to the crown held by lithium-ion batteries, but what exactly makes them special?
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4 juicy lithium stocks for me to consider buying now
Jon Smith talks through several lithium stocks he’s keen on right now, ranging from mining companies to end-product users.
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GM invests $650M in lithium mining to lock down EV raw materials
General Motors said Tuesday it will invest $650 million into Lithium Americas as part of an agreement to develop a mine in Nevada, the latest effort by the automaker to lock down a supply chain of key components needed to produce millions of EVs. The investment in raw materials for batteries is the biggest to […]
GM invests $650M in lithium mining to lock down EV raw materials by Kirsten Korosec originally published on TechCrunch
Biden administration announces conditional $700 million loan for Nevada lithium mine
What could become only the second lithium mine in the US received backing from the Biden administration this week. In an announcement spotted by Bloomberg, the Department of Energy said it would provide mining company Ioneer with a conditional loan valued at up to $700 million to develop the Rhyolite Ridge Lithium-Boron Project in Nevada’s Esmeralda County. Once operational, the mine is expected to produce enough lithium for about 370,000 electric vehicles annually. Ioneer already has supply agreements with automakers like Ford and Toyota, though the project likely won’t start producing lithium until 2026.
The Biden administration made the funding available through the Energy Department’s Advanced Technology Vehicles Manufacturing Loan Program. To secure the money, Ioneer must obtain all the necessary permits from relevant state and federal agencies. The Center for Biological Diversity has come out against the project due to the risks it poses to a species of endangered wildflower in the area known as Tiehm’s buckwheat. The US Interior Department has yet to bless the project for that same reason. The Department of Energy said Ioneer revised its plans for the site to avoid direct impacts on the plant. However, it’s worth noting lithium mining requires a lot of water to carry out.
Still, the mineral is essential to many technologies needed to transition the world to a zero-emissions future. What’s more, lithium supply is expected to fall short of global demand by 2030. That gap will make it difficult for the Biden administration to meet its goal of ensuring half of all cars sold in the US by the end of the decade are electric vehicles.
I’d buy 175 shares of this lithium stock for £1,000 a year in passive income
This mining stock offers a tasty high-yield dividend. I think it looks sustainable and could provide solid passive income.
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Should I buy lithium stocks for my portfolio in 2023?
Lithium prices have skyrocketed by 1,200% over the past year! Is now the time to buy or avoid lithium stocks?
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