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Is there enough lithium in the United States to fulfill the made-in-America requirements of the Inflation Reduction Act's tax incentive programs for new electric vehicles? The International Energy Agency projects that the world will need 1063 kilotons of lithium in 2040. That's 48 times the volume of lithium used in EVs and electricity storage in 2020. Where will it come from? Our guest today is Jack Lifton, a physical chemist who has worked for the past 60 years on the purification of rare metals for the electronics and energy storage industries. He is the co-chairman of the Critical Minerals Institute, an international professional organization focused on battery and technology materials, and an advisor to One World Lithium, a lithium extraction technology company. One World Lithium has developed a lithium carbonation process that Jack suggests can produce more battery-grade material than more heat- and pressure-intensive approaches. Now that we clearly see the depth of the climate crisis, lithium, the basis for most batteries used in electric vehicles, might be called the most critical mineral on the planet. China currently dominates the extraction and processing of lithium, and has locked up access to lithium and other critical minerals sources in parts of Africa and Latin America. Jack argues that the United States needs to rethink its industrial strategy to focus on STEM skills and low-impact manufacturing processes to make the turn from fossil fuels to electrification, including finding equitable partnerships with countries in the Global South that hold large reserves of lithium, cobalt, and other critical minerals. You can learn more about Jack Lifton and the Critical Minerals Institute at https://criticalmineralsinstitute.com/ and follow his regular columns at https://investorintel.com/
09-22-2022 Jack Lifton Learn more about the interview and get additional links here: https://dailybusinessjournal.com/2022/09/22/why-driving-force-for-electric-vehicles-is-direct-lithium-extraction/ Subscribe to the best of our content here: https://priceofbusiness.substack.com/ Subscribe to our YouTube channel here: https://www.youtube.com/channel/UCywgbHv7dpiBG2Qswr_ceEQ
Jack Lifton, Advisor and Physical & Chemical Engineer at One World Lithium, discusses direct lithium extraction for EV production. Bloomberg Oil Markets Reporter Julia Fanzeres reports on the Biden administration's efforts to control rising gas prices by asking Congress to suspend the federal gasoline tax. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Reporter Kim Bhasin break down Kim's Businessweek Magazine story NBA Turns to Africa to Fuel Basketball's Next Era of Growth. And we Drive to the Close with Sameer Samana, Senior Global Market Strategist at Wells Fargo Investment Institute. Hosts: Tim Stenovec and Ed Ludlow. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
Jack Lifton, Advisor and Physical & Chemical Engineer at One World Lithium, discusses direct lithium extraction for EV production. Bloomberg Oil Markets Reporter Julia Fanzeres reports on the Biden administration's efforts to control rising gas prices by asking Congress to suspend the federal gasoline tax. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Reporter Kim Bhasin break down Kim's Businessweek Magazine story NBA Turns to Africa to Fuel Basketball's Next Era of Growth. And we Drive to the Close with Sameer Samana, Senior Global Market Strategist at Wells Fargo Investment Institute. Hosts: Tim Stenovec and Ed Ludlow. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.
Jack Lifton, editor-in-chief InvestorIntel.com, has been writing about rare earth elements, critical minerals, and the companies that produce them for more than two decades. In this episode, he talks about China's dominance of the rare earths market and why its dominance will continue, why projections about huge increases in electric vehicle production in the U.S. are “nonsense,” and why humans are “mineral parasites.”
One World Lithium Director Tim Brock joined Steve Darling from Proactive to share news the company's drill program at Salar Del Diablo Lithium Brine Project in Mexico is still ongoing. The company saying DDH-4 reached a depth of 381 meters on October 2, 2021, with an expected total depth of 600 meters. Brock talks about the next steps of the drill program and he also shares more news the company has brought Jack Lifton as a consultant on their business model with emphasis on being both a potential lithium producer and a green technology provider for the lithium industry.
Jack Lifton with Gareth Hatch on Rare Earths in the Rest of the World
Jack Lifton on rare earths version 2.0
Jack Lifton on how the rare earths market is definitely hot
Presidential elections in the DRC this weekend come after 17 years of conflict-ridden rule under controversial president Joseph Kabila. Leading businessman and mine-owner Emmanuel Weyi explains why he has pulled out of the presidential race. But the country's mineral wealth also means the elections are being closely watched by international industries. Indigo Ellis from the risk consultancy Verisk Maplecroft gives her assessment, and Jack Lifton, a business operations consultant in metals and an expert on cobalt, explains why one mineral produced in the DRC is so important to the emerging electric car industry.(Photo: Women walk past a campaign poster of the President of the Democratic Republic of the Congo, Joseph Kabila's chosen successor Emmanual Ramazani Shadary in Kinshasa, Credit: Getty Images)
The rare earth elements are the focus of the latest instalment in Business Daily's exploration of the real basis of the world economy - the basic building blocks of everything in the universe, the chemical elements.And it's not a short list we cover: Lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, turbium, dysprosium, holmium, erbium, thulium, ytturbium and lutetium. You may not have heard of most of them but some have insinuated themselves deep into modern life. We'll be finding out the extraordinarily range of uses to which they've been put, as well as the big problem: The supply of these is overwhelmingly dominated by China.We'll be hearing from Professor Andrea Sella of University College London, Jack Lifton of Technology Metals Research, the journalist Cecile Bontron who provides a first-hand account of the Chinese processing plant at Baotou, as well as Henrik Stiesdahl and Rasmus Windfeld of Siemens' wind turbine division.
Today’s hybrid and electric cars are famous for their double digit mpgs. They get those great numbers, in part, by a combination of products under the hood that start in the earth’s crust. That’s where 17 chemical elements in the periodic table are found which go into lasers, rare-earth magnets and batteries that help power our 21st century transportation. Joining John McElroy on our Autoline expert panel is Kevin Moore, a Rare-earth metals consultant, Dr. Edward Becker who was GM’s Rare-earth expert before retiring and Jack Lifton co-founder of the company Technology Metals Research.
Today’s hybrid and electric cars are famous for their double digit mpgs. They get those great numbers, in part, by a combination of products under the hood that start in the earth’s crust. That’s where 17 chemical elements in the periodic table are found which go into lasers, rare-earth magnets and batteries that help power our 21st century transportation. Joining John McElroy on our Autoline expert panel is Kevin Moore, a Rare-earth metals consultant, Dr. Edward Becker who was GM’s Rare-earth expert before retiring and Jack Lifton co-founder of the company Technology Metals Research.
Today’s hybrid and electric cars are famous for their double digit mpgs. They get those great numbers, in part, by a combination of products under the hood that start in the earth’s crust. That’s where 17 chemical elements in the periodic table are found which go into lasers, rare-earth magnets and batteries that help power our 21st century transportation. Joining John McElroy on our Autoline expert panel is Kevin Moore, a Rare-earth metals consultant, Dr. Edward Becker who was GM’s Rare-earth expert before retiring and Jack Lifton co-founder of the company Technology Metals Research.
Rare earth metals are used for a myriad of reasons including electronics, fuel cells, fiber optics, magnets, CRT's and LCD's, as well as their extensive use in green technology. Expert Jack Lifton explains why we need to recycle rare earth metals.