Zürcher Nachrichten - Huge US lithium mine gets govt approval

EUR -
AED 4.234559
AFN 72.641835
ALL 96.248565
AMD 434.904915
ANG 2.064044
AOA 1057.340806
ARS 1585.415706
AUD 1.673188
AWG 2.078361
AZN 1.957338
BAM 1.959852
BBD 2.322602
BDT 141.493133
BGN 1.970908
BHD 0.434666
BIF 3425.437109
BMD 1.153044
BND 1.48497
BOB 7.997534
BRL 6.036994
BSD 1.153179
BTN 109.301864
BWP 15.898074
BYN 3.432596
BYR 22599.658021
BZD 2.319164
CAD 1.59854
CDF 2635.280598
CHF 0.919074
CLF 0.027048
CLP 1067.995456
CNY 7.969204
CNH 7.979305
COP 4248.931725
CRC 535.504768
CUC 1.153044
CUP 30.55566
CVE 110.493432
CZK 24.511117
DJF 205.349878
DKK 7.472427
DOP 68.642207
DZD 153.427511
EGP 60.873218
ERN 17.295657
ETB 178.265943
FJD 2.602881
FKP 0.863702
GBP 0.865999
GEL 3.107433
GGP 0.863702
GHS 12.635122
GIP 0.863702
GMD 84.750785
GNF 10110.771248
GTQ 8.825283
GYD 241.395336
HKD 9.032858
HNL 30.617431
HRK 7.534216
HTG 151.163167
HUF 388.806939
IDR 19579.029239
ILS 3.631631
IMP 0.863702
INR 109.355882
IQD 1510.629592
IRR 1514292.392246
ISK 143.611654
JEP 0.863702
JMD 181.515261
JOD 0.817548
JPY 184.375734
KES 149.895922
KGS 100.833793
KHR 4618.548282
KMF 492.350276
KPW 1037.841215
KRW 1740.831224
KWD 0.354837
KYD 0.960999
KZT 557.48528
LAK 25080.524635
LBP 103264.286246
LKR 363.252555
LRD 211.60021
LSL 19.801824
LTL 3.404639
LVL 0.697464
LYD 7.361218
MAD 10.777782
MDL 20.255139
MGA 4805.873033
MKD 61.643865
MMK 2424.318926
MNT 4127.884218
MOP 9.304497
MRU 46.043389
MUR 53.927637
MVR 17.825829
MWK 1999.585924
MXN 20.794199
MYR 4.627166
MZN 73.691653
NAD 19.801824
NGN 1594.716963
NIO 42.437919
NOK 11.194637
NPR 174.878782
NZD 2.001828
OMR 0.443344
PAB 1.153169
PEN 4.017022
PGK 4.983302
PHP 69.751094
PKR 321.84457
PLN 4.283362
PYG 7539.587172
QAR 4.204392
RON 5.098416
RSD 117.407553
RUB 93.914995
RWF 1684.003378
SAR 4.326795
SBD 9.272749
SCR 16.106748
SDG 692.979097
SEK 10.87695
SGD 1.483956
SHP 0.865081
SLE 28.307763
SLL 24178.763955
SOS 659.059667
SRD 43.355598
STD 23865.678189
STN 24.550649
SVC 10.08986
SYP 127.441644
SZL 19.80002
THB 37.800276
TJS 11.018566
TMT 4.047184
TND 3.399829
TOP 2.776252
TRY 51.264903
TTD 7.835164
TWD 36.864537
TZS 2970.802359
UAH 50.546198
UGX 4295.881207
USD 1.153044
UYU 46.676498
UZS 14063.07368
VES 537.339322
VND 30368.290466
VUV 138.027623
WST 3.176444
XAF 657.31592
XAG 0.016391
XAU 0.000256
XCD 3.116158
XCG 2.078306
XDR 0.814962
XOF 657.31592
XPF 119.331742
YER 275.17389
ZAR 19.68986
ZMK 10378.76945
ZMW 21.707878
ZWL 371.279626
  • RYCEF

    -0.5800

    14.72

    -3.94%

  • AZN

    6.6850

    190.085

    +3.52%

  • RBGPF

    -13.5000

    69

    -19.57%

  • RELX

    0.0200

    32.09

    +0.06%

  • GSK

    0.3350

    54.275

    +0.62%

  • NGG

    -0.0400

    82.36

    -0.05%

  • BTI

    0.5049

    57.93

    +0.87%

  • RIO

    1.0050

    86.795

    +1.16%

  • CMSC

    -0.0700

    22.75

    -0.31%

  • VOD

    -0.0500

    14.58

    -0.34%

  • BCE

    -0.2850

    25.185

    -1.13%

  • JRI

    -0.0900

    11.98

    -0.75%

  • BP

    0.1500

    46.32

    +0.32%

  • BCC

    0.9200

    75.21

    +1.22%

  • CMSD

    -0.1000

    22.65

    -0.44%

Huge US lithium mine gets govt approval
Huge US lithium mine gets govt approval / Photo: Robyn Beck - AFP

Huge US lithium mine gets govt approval

An enormous lithium mine in the Nevada desert was granted final government approval Thursday in a project the miner predicts will quadruple US production of a mineral critical to the renewable energy revolution.

Text size:

Operations at Rhyolite Ridge will produce enough lithium to supply the batteries for more than 370,000 electric vehicles every year, Australian operator Ioneer said.

The plant will create 500 construction jobs over the next few years and 350 jobs during its decades of extraction, the company said.

"There are few deposits in the world as impactful as Rhyolite Ridge," said Ioneer Executive Chairman James Calaway, heralding the permit issued Thursday by the Bureau of Land Management.

The company's managing director, Bernard Rowe, said construction would begin next year.

"This permit gives us a license to commence construction in 2025 and begin our work in creating hundreds of good-paying rural jobs, generating millions in tax revenue for Esmeralda County, and bolstering the domestic production of critical minerals," he said.

The news comes less than two weeks before Americans go to the polls to elect a new president, and will be welcomed in Nevada, where unemployment is well above the national average.

The administration of President Joe Biden has made the green transition a key plank of its economic policy, investing heavily in technologies aimed at slashing the pollution that is causing the climate to change.

Scientists say electric vehicles are a vital link in that chain, and their widespread adoption in the car-dependent US will be vital if the country is to meet its carbon reduction targets.

Biden has tried to nudge the US auto industry to re-tool and shift production away from gas-guzzlers and into electric cars, in a move he says will help create jobs at home.

Subsidies for consumers have rewarded automakers who produce EVs in the United States, even while they struggle to source lithium batteries -- a sector dominated by strategic rival China.

But the project at Rhyolite Ridge has highlighted the trade-off between the need to adapt energy sources and the desire to protect the planet's biodiversity.

Campaigners say the mine will threaten the unique habitat of the endangered Tiehm's Buckwheat -- a rare wildflower with delicate cream-colored blossoms that grows only in this corner of Nevada.

"By greenlighting this mine the Bureau of Land Management is abandoning its duty to protect endangered species like Tiehm's Buckwheat and it's making a mockery of the Endangered Species Act," said Patrick Donnelly of the Center for Biological Diversity, a nonprofit conservation group.

"We need lithium for the energy transition, but it can't come with a price tag of extinction."

Ioneer admits that over the years the mine is in operation around a fifth of the flower's habitat will be directly affected.

But the company, which has spent $2.5 million researching the plant, says mining will not affect its survival, insisting their experiments show it is already growing well in greenhouses.

I.Widmer--NZN