{"id":88870,"date":"2024-12-25T00:00:00","date_gmt":"2024-12-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/25\/lithium-americas-gm-partner-on-lithium-mining\/"},"modified":"2024-12-25T00:00:00","modified_gmt":"2024-12-25T00:00:00","slug":"lithium-americas-gm-partner-on-lithium-mining","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/25\/lithium-americas-gm-partner-on-lithium-mining\/","title":{"rendered":"Lithium Americas + GM partner on lithium mining"},"content":{"rendered":"

Lithium Americas + GM to develop lithium mine: <\/strong>Lithium Americas<\/a> and General Motors reached a close on their joint venture to develop the Thacker Pass lithium mine in Nevada, Reuters<\/a> reports. The JV \u2014 first announced in October \u2014 would see GM contribute USD 625 mn through a cash and credit facility in exchange for a 38% stake in the project. A final investment decision on the project will be made in early 2025. <\/p>\n

About the mine: <\/strong>Thacker Pass is set to open by the decade's end. It is expected to produce 40k metric tons of battery-quality lithium carbonate annually in its first phase, enough for about 800k electric vehicles. <\/p>\n

Nevada has big plans: <\/strong>The state is home to the US\u2019 single operational lithium mine<\/a>, but it is set to expand its lithium mining and processing capacity over this decade as part of a US bid to limit dependence on Chinese supply chains. In October, the US approved Ioneer\u2019s Rhyolite Ridge lithium-boron project<\/a> in Nevada, which is set to begin production by 2028 to supply Ford and other EV makers with lithium for approximately 370k EVs annually. The US-based supermaterial applications startup Lyten also announced plans to build the world\u2019s first lithium-sulfur battery gigafactory<\/a> near Reno, Nevada. The facility will have a production capacity of up to 10 GWh annually at full scale and is set to begin phase one operations by 2027. <\/p>\n

\n

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IFC grants EUR 75 mn loan to help Senegal\u2019s <\/strong>Sococim<\/strong> decarbonize:<\/strong> The International Finance Corporation (IFC) has provided a EUR 75 mn green loan to Senegal\u2019s largest cement manufacturer Sococim<\/a> to help the company reduce carbon emissions, according to a statement<\/a>. The loan will help Sococim advance its 2019 Climate Plan by modernizing its furnaces to use energy efficiency systems and alternative fuel technologies like solar and refuse-derived fuels. The modernization will help the company cut emissions by 312k tons annually by 2030. <\/p>\n","protected":false},"excerpt":{"rendered":"

The mine is expected to produce 40k metric tons of lithium per year<\/p>\n","protected":false},"author":1,"featured_media":88871,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,107,11,64,254],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-critical-minerals","tag-enterpriseclimate","tag-evs","tag-us","wpautop","entry"],"acf":{"mongo_id":"ed1cda3e-30cf-403e-854b-9718a0b55de3","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1928.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Lithium Americas + GM partner on lithium mining","related_issue":[88856],"teaser":"The mine is expected to produce 40k metric tons of lithium per year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.9a42d8f4-a2b5-4853-9141-50150839c267.mp3"},"yoast_head":"\nLithium Americas + GM partner on lithium mining - 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