Posted by on January 25, 2023 7:47 pm
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Nevada goes all in on lithium, creating thousands of new jobs

FILE – In this Sept. 13, 2018, file photo, exploration drilling continues for Permitting Lithium Nevada Corp.’s Thacker Pass Project on the site between Orovada and Kings Valley, in Humboldt county, Nev., shown beyond a driller’s shovels in the distance. A high-stakes, year-long legal battle over a huge lithium mine planned in Nevada resumes Thursday, Jan. 5, 2023, with courtroom arguments from lawyers for the mining company, the federal agency that approved it and the rancher, tribes and conservationists who are fighting it. (Suzanne Featherston/The Daily Free Press via AP, File) Suzanne Featherston/AP

Nevada goes all in on lithium, creating thousands of new jobs

Barnini Chakraborty January 25, 06:48 PMJanuary 25, 06:49 PM Video Embed

Nevada is betting big that its lithium mines will bring billions of dollars and thousands of manufacturing and mining jobs to the state within the next five years.

“Whether you have a GED or Ph.D., we have a job for you in mining, and it is a high-paying job,” Nevada Mining Association President Tyre Gray told Fox 5. “Lithium is really going to be the way that we power the green future that we all want.”

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Currently, there are 2,000 openings — but that number is expected to quadruple quickly.

Nevada is the only state in the country that mines lithium, an essential ingredient used in developing rechargeable batteries that power electric cars and consumer devices and has the ability to reshape multiple industries. There is only one active lithium mine in Nevada, but two more are expected, including the Ioneer mine, which recently scored a conditional $700 million loan from the Department of Energy.

The Imarc Group, a leading market research company, reported that the lithium battery market hit $45 billion in 2022. The company expects that number to jump to $93.3 billion by 2028.

During his State of the State address on Monday, Gov. Joe Lombardo (R-NV) said lithium would play a big part in Nevada’s future.

“Whether it’s closing the lithium loop, unlocking innovation and investment in logistics, entertainment, science, and technology, or embracing entrepreneurship, the message is that Nevada is ready to partner,” he said, adding that he looked forward to joining Tesla CEO Elon Mask when he unveiled plans for a $3.6 billion manufacturing facility in Nevada.

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Tesla confirmed the investment on Tuesday before its fourth-quarter earnings update Wednesday afternoon. The new plant is expected to create 3,000 jobs.

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