Western Leaders Seeking Diverse Lithium Supplies to Reduce Worrisome Dependence on China
VANCOUVER, BC, Nov. 30, 2023 /PRNewswire/ -- USA News Group: US President Joe Biden recently met with Latin American leaders, as part of a broader effort to reduce American dependence on China. The move isn't isolated, after a worrisome research paper was presented to EU leaders urging a dire need to diversify away from China towards Africa and Latin America as demand for lithium-ion batteries and fuel cells balloons by 2030. Industry leaders are taking the need to decouple seriously, with Tesla Inc. (NASDAQ:TSLA) moving ahead on putting its new lithium refinery in Texas online sooner than anticipated, while lithium miners continue development of their new projects, such as those from Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Alpha Lithium Corporation (NEO:ALLI) (OTCPK:APHLF), Sigma Lithium Corporation (NASDAQ:SGML) (TSXV:SGML), and Piedmont Lithium Inc. (NASDAQ:PLL).
- VANCOUVER, BC, Nov. 30, 2023 /PRNewswire/ -- USA News Group : US President Joe Biden recently met with Latin American leaders , as part of a broader effort to reduce American dependence on China.
- With its flagship asset located in Salta Province, Argentina, Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF ) is strategically positioned within the world famous Lithium Triangle.
- In addition to the production well's installation, Lithium South is in the process of permitting and conducting evaporation test work.
- "We intend to continue to use suppliers of lithium, so it's not that Tesla will do all of it."