"The Biden administration may help fund overseas mining projects to obtain more minerals necessary to build renewable energy technology, Secretary of State Antony Blinken said Thursday. "
"The effort is part of the Biden administration’s focus on securing minerals like lithium and cobalt to aid the transition away from fossil fuels — a supply chain that China currently dominates. China, for example, owns large mines in some of the countries the U.S. wants to engage with in the partnership, such as Congo and Argentina."
"The governors of Argentine lithium powerhouse provinces Salta, Jujuy and Catamarca have just met in Washington to discuss with US officials and corporate representatives the advantages of investing in the jurisdictions’ mining industry."
"The meeting was held at the Department of State and was attended by representatives of multinationals such as General Motors, BMW and Tesla, as well as companies related to lithium extraction such as Lilac Solutions, Lithium Americas and Livent."
Looks like we can expect some left field news in the future. Argentina contains 21% of the worlds lithium reserves if the US don't jump in soon China will hoover up all the assets.
LKE Price at posting:
89.5¢ Sentiment: Buy Disclosure: Held
