Why are lithium-ion batteries so popular?

Lithium-ion batteries are popular because of their performance characteristics. Among those characteristics, the high energy density properties are particularly coveted.

Can lithium be economically developed?

tion. Only a subset of capacity can likely be economically developed.A pipeline of domestic projects is developing to tap these resources, including first-of-a-kind deployments to extract and refine lithium from unconventional brine and clay resources, scaling production on domestic

How does the Department of state support a battery supply chain?

through the American Battery Materials Initiative and other forums.The Department of State is leading international engagement and coalition-building with likeminded nations through forums like the Minerals Security Partnership,114 deepening relationships and helping to mobilize investment to diversify and secure supply chains

What is lithium ion chemistry?

Lithium-ion chemistry is the most widespread in rechargeable battery cells, including nickel-manganese-cobalt-oxide (NMC), nickel-cobalt-aluminum-oxide (NCA), lithium-cobalt-oxide (LCO), and lithium-iron-phosphate (LFP). Lithium-ion batteries are popular because of their performance characteristics.

How is the US positioned to compete in the lithium market?

cell production as the market continues to develop.Lithium RefiningLithium extraction and refining are other areas of the supply chain where the U.S. is well-positioned to compete given its substantial lithium reserves, and firms are taki

How much money has LPO committed to a battery project?

has committed approximately $5 billion to approximately 40 projects.Since the start of 2022, the Loan Program Office’s (LPO) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program has closed approximately $5.5 billion of battery-related loans,