According to Fitch, automakers with operations inside the EU have already started to invest in more sustainable extraction techniques, placing pressure on lithium producers.
The Pacific Northwest National Laboratory is ready to field test a technology that uses magnetite to anchor an adsorbent shell that selectively binds lithium and other critical metals.
Wood Mackenzie says miners need to spend that amount in the next next 15 years to help supply enough metals needed for the shift to a low carbon world.
The Junior Minerals Exploration Incentive converts tax losses into exploration credits for investors and provides a tax offset for junior mining companies.
Albemarle Corp, the world's largest producer of lithium, posted a quarterly profit on Wednesday that easily beat Wall Street's expectations on rising demand from the electric vehicle industry.
Officials at the Department for Business are discussing options to protect the United Kingdom's access to vital materials including lithium and cobalt.