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US grants Chemetall lithium $28m.

13 August 2009

by Simon Moores

Silver Peak to upgrade & expand as USA ramps up to next-gen battery production

Keywords: Chemetall, US Department of Energy, DOE, lithium carbonate, lithium-ion, battery

The only lithium carbonate producer on US soil, Chemetall Foote Corp. has been awarded $28.4m. by the US government to expand and upgrade its Silver Peak brine operation in Nevada.

The funding to the Chemetall GmbH subsidiary is part of a $2,400m. investment by the US Department of Energy directly into the mine to market chain for next generation batteries, as the country pushes towards mass production of electric vehicles.

Most starkly, virtually all recipients are developing lithium-ion batteries or...