The EPA has proposed sharp emissions cuts that it estimates would result in 60% of new vehicles by 2030 being electric and 67% by 2032.

Lithium Americas is aiming to mine and process enough lithium carbonate on the Nevada site for batteries to power a million vehicles a year.

PGM production from operations in southern Africa and the US declined to 480,481 ounces in Q1, down from 533,237 ounces during the same period last year.

The move will make Tesla the only major automaker in North America that will refine its own lithium.

A new resource estimate underpins the PEA at the Arizona project.

“We can’t be in the position Europe was in front of the invasion of Ukraine,” said John Podesta, senior White House adviser for clean energy.

Prices are about 3% lower from near record levels.