This week, Biden set a goal for 50% of all vehicles sold in the U.S. to be “battery electric, plug-in hybrid electric or fuel cell electric” by the end of the decade.
The bill is the latest in a string of U.S. legislation attempting to cobble together a national strategy to produce more lithium, rare earths and other strategic minerals.
Piedmont last autumn signed a deal to supply US electric automaker Tesla Inc with lithium sourced from its deposits in North Carolina, sending the company’s stock up tenfold.