The Biden administration has approved a federal permit for a lithium-boron mine in Nevada, advancing a key component of the U.S. clean energy agenda. The project aims to support the domestic lithium supply for electric vehicle batteries, aligning with Biden's climate goals. Conservation groups intend to sue, although federal agencies concluded the mine won't harm an endangered wildflower. The mine will start construction in 2025, with production planned for 2028, supplying lithium for 370,000 vehicles annually.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Biden administration has approved a federal permit for a lithium-boron mine in Nevada,
00:07advancing a key component of the U.S. clean energy agenda. The project aims to support
00:12the domestic supply of lithium for electric vehicle batteries, aligning with Biden's climate
00:16goals. Conservation groups intend to sue, although federal agencies concluded the mine won't harm an
00:22endangered wildflower. The mine will start construction in 2025, with production planned
00:27for 2028, supplying lithium for 370,000 vehicles annually. For all things money, visit Benzinga.com
00:34slash GSTV.