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China","us-targets-lithium-graphite-and-nickel-with-2-8-billion-doe-grants-to-take-on-china","article/us-targets-lithium-graphite-and-nickel-with-2-8-billion-doe-grants-to-take-on-china",{"_uid":547,"date":548,"tags":549,"editor":556,"content":566,"excerpt":692,"featured":51,"reporter":693,"_editable":697,"component":698,"seo_title":543,"categories":699,"visibility":713,"author_company":49,"featured_image":714,"seo_description":692,"author_full_name":49,"author_job_title":49,"formattedDate":718,"formattedArticleDate":719},"9893c220-f920-407a-ba32-a2531560b823","2022-10-21 00:00",[550,553],{"slug":551,"name":552},"department-of-energy","Department of Energy",{"slug":554,"name":555},"usa","USA",[557],{"slug":558,"name":559,"content":560},"matthew-bird","Matthew Bird",{"job_title":561,"image":562,"bio":564,"linkedin":565},"Senior Editor - Supply Chains & Data Visualisation",{"filename":563},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":567,"content":568},"doc",[569,576,581,586,591,596,601,610,617,632,637,642,647,652,657,662,667,672,677,682,687],{"type":570,"attrs":571,"content":572},"paragraph",{"textAlign":49},[573],{"text":574,"type":575},"US President Joe Biden’s administration unveiled $2.8 billion in grants from the Department of Energy that will increase domestic processing and production of battery materials to reduce the country’s reliance on China.","text",{"type":570,"attrs":577,"content":578},{"textAlign":49},[579],{"text":580,"type":575},"The grants will help develop enough battery-grade lithium to supply approximately 2 million electric vehicles annually, battery-grade graphite to supply about 1.2 million EVs annually, and battery-grade nickel for about 400,000 EVs annually, the DOE said.",{"type":570,"attrs":582,"content":583},{"textAlign":49},[584],{"text":585,"type":575},"The grants to 20 companies across 12 states come from a total of $7 billion allocated to batteries in the Bipartisan Infrastructure Law. Jigar Shah, head of the loan programs office of the DOE, said that the department had another $10 billion of battery manufacturing loan applications that will provide enough capacity for 8 million vehicles per year, and another $6 billion for critical minerals that “will get us a good deal of the way to being self-sufficient.”",{"type":570,"attrs":587,"content":588},{"textAlign":49},[589],{"text":590,"type":575},"“[The] DOE anticipates moving quickly on additional funding opportunities to continue to fill gaps in and strengthen the domestic battery supply chain,” it said.",{"type":570,"attrs":592,"content":593},{"textAlign":49},[594],{"text":595,"type":575},"Caspar Rawles, chief data officer at Benchmark, said the targets were achievable but it would probably take five to seven years to meet them. Meeting them would probably require around 80,000 to 100,000 tonnes of lithium, a similar amont of graphite, and less than 20,000 tonnes of nickel.",{"type":570,"attrs":597,"content":598},{"textAlign":49},[599],{"text":600,"type":575},"Sales of battery electric passenger vehicles in the US and Canada are expected to rise from around 800,000 this year to over 2 million vehicles by 2025, and 5 million by 2030, according to Rho Motion.",{"type":570,"attrs":602,"content":603},{"textAlign":49},[604],{"type":605,"attrs":606},"image",{"id":49,"alt":607,"src":608,"title":49,"source":49,"copyright":49,"meta_data":609},"","https://a.storyblok.com/f/287943243085208/8cb23d807a/bm-doe-awards.png",{},{"type":611,"attrs":612,"content":614},"heading",{"level":613,"textAlign":49},4,[615],{"text":616,"type":575},"China dominance",{"type":570,"attrs":618,"content":619},{"textAlign":49},[620,622,630],{"text":621,"type":575},"China ",{"text":623,"type":575,"marks":624},"currently refines",[625],{"type":626,"attrs":627},"link",{"href":628,"uuid":49,"anchor":49,"target":49,"linktype":629},"https://source.benchmarkminerals.com/article/infographic-chinas-lithium-ion-battery-supply-chain-dominance","url",{"text":631,"type":575}," 44% of the world’s lithium, 69% of the nickel sulphate and 75% of the world’s cobalt, according to Benchmark. It also produces 100% of the world’s spherical graphite and 69% of synthetic graphite.",{"type":570,"attrs":633,"content":634},{"textAlign":49},[635],{"text":636,"type":575},"China is also set to  maintain the largest battery production surplus of any region until 2033, according to Benchmark.",{"type":570,"attrs":638,"content":639},{"textAlign":49},[640],{"text":641,"type":575},"“Unfortunately, the US is almost a non-player in the lithium game. Less than 1% of all lithium products made globally are made within the US and part of that is because we don’t have large amounts of those conventional types of resources,” said Ryan Melsert, chief executive of American Battery Technology, one of the recipients of the DOE’s grants.",{"type":570,"attrs":643,"content":644},{"textAlign":49},[645],{"text":646,"type":575},"Albemarle, the US’s largest lithium producer, received a $150 million federal grant from the DOE, which will help it construct a lithium concentrator plant in Kings Mountain, North Carolina. The plant will supply up to 350,000 tonnes a year of spodumene concentrate to a planned lithium chemical conversion facility to be located in the Southeastern US.",{"type":570,"attrs":648,"content":649},{"textAlign":49},[650],{"text":651,"type":575},"Albemarle said that facility will “eventually produce” up to 100,000 tonnes of battery-grade lithium a year, enough for 1.6 million EVs a year.",{"type":570,"attrs":653,"content":654},{"textAlign":49},[655],{"text":656,"type":575},"“It is going to be that full supply chain. It’s not the only facility like this that we’ll need in the US to be self-sufficient but it’s a good start,” Albemarle’s chief executive Kent Masters said.",{"type":611,"attrs":658,"content":659},{"level":613,"textAlign":49},[660],{"text":661,"type":575},"Graphite production",{"type":570,"attrs":663,"content":664},{"textAlign":49},[665],{"text":666,"type":575},"Graphite projects also received a number of grants in the package. Australian graphite miner Syrah Resources secured a $219.8 million grant for the expansion of its Vidalia facility in Louisiana to a 45,000 tonne a year active anode material production, using natural graphite from its Balama Graphite operation in Mozambique.",{"type":570,"attrs":668,"content":669},{"textAlign":49},[670],{"text":671,"type":575},"According to Benchmark’s Flake Graphite Forecast, just 6% of the global supply of natural flake graphite is expected to originate from North America by 2025.",{"type":570,"attrs":673,"content":674},{"textAlign":49},[675],{"text":676,"type":575},"Synthetic graphite producer Novonix also said it was in line to receive $150 million in grant funding to expand its domestic production of synthetic graphite anode materials. The money would go towards building a 30,000 tonnes per year manufacturing facility, it said.",{"type":611,"attrs":678,"content":679},{"level":613,"textAlign":49},[680],{"text":681,"type":575},"Nickel supply",{"type":570,"attrs":683,"content":684},{"textAlign":49},[685],{"text":686,"type":575},"In nickel, Talon Metals said it won a $115 million grant to build a battery minerals processing facility in Mercer County, North Dakota, to support a new cathode supply chain in the US.",{"type":570,"attrs":688,"content":689},{"textAlign":49},[690],{"text":691,"type":575},"Talon will process nickel ore from economically viable sources, it said. The company has a supply chain agreement with Tesla for 75,000 tonnes of nickel concentrate.","US President Joe Biden’s administration unveiled $2.8 billion in grants from the Department of Energy that will increase domestic processing and production of battery materials to reduce the country’s reliance on China. The grants will help develop enough battery-grade lithium to supply approximately 2 million electric vehicles annually, battery-grade graphite to supply about 1.2 million […]",[694],{"slug":558,"name":559,"content":695},{"job_title":561,"image":696,"bio":564,"linkedin":565},{"filename":563},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"9893c220-f920-407a-ba32-a2531560b823\", \"id\": \"\"}-->","article",[700,703,706,709,711],{"slug":701,"name":702},"critical-minerals","Critical Minerals",{"slug":704,"name":705},"geopolitics","Geopolitics",{"slug":707,"name":708},"graphite","Graphite",{"slug":710,"name":8},"lithium",{"slug":712,"name":150},"nickel","private",{"id":49,"alt":607,"name":607,"focus":607,"title":607,"source":607,"filename":715,"copyright":607,"fieldtype":716,"meta_data":717,"is_external_url":51},"https://a.storyblok.com/f/287943243085208/a558cf2be2/bm-battery-award-screenshot.jpg","asset",{"alt":607,"title":607,"source":607,"copyright":607},"Oct 21, 2022","21st October 2022",[],[],1783441542145]