The raw materials bill for the average EV is now down to $537 compared to $1,342 in August 2023 and a monthly peak of more than $1,900 at the beginning of last year.
The move reflects the growing realization in Washington that efforts to combat climate change will be moot unless the it boosts its production of critical minerals.
The Centenario project was attractive despite a drop in lithium prices and full ownership would let Eramet decide how to pursue a planned second production facility.
