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0 -0.00322097378277151 0.000223970037453054 0.00749063670411986 0 -0.00749063670411986 0.00434456928838953 0.0310861423220973
Stock impact report

US to award $3 billion to 25 projects for battery manufacturing sector [Yahoo! Finance]

Standard Lithium Ltd. Common Shares (SLI) 
NASDAQ:AMEX Investor Relations: annualreports.com/company/sl-industries-inc
Company Research Source: Yahoo! Finance
Energy Department said Friday it plans to award $3 billion to 25 battery manufacturing sector projects in 14 states as the Biden administration works to shift the supply chain away from China. The projects will increase domestic production of advanced batteries and battery materials and follows the adoption of U.S. EV tax credit rules to shift battery production and critical minerals away from China. The awards fund battery-grade processed critical minerals, components, battery manufacturing, and recycling, and will generate $16 billion in total investment for the projects and support 12,000 production and construction jobs, the department said. "Mineral security is essential for climate security," said White House climate adviser Ali Zaidi. "This sets us up to lead on the next generation of battery technologies - from solid state to other new chemistries." Albemarle is set to receive $67 million for a project in North Carolina to produce commercial quantities of anode materia Show less Read more
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