Mining News

Reuters reveals California lithium tax would delay shipments to automakers, executives warn

Reuters exclusively reported that a proposed flat-rate tax on lithium produced in California’s Salton Sea region will delay deliveries of the electric vehicle battery metal to General Motors Co and Stellantis NV and may push some mining companies to exit the state entirely. The tension comes as California tries to position itself as a green energy leader and as supplies of lithium have failed to match surging demand amid the push to phase out gasoline-powered vehicles. 

The post Reuters reveals California lithium tax would delay shipments to automakers, executives warn appeared first on Reuters News Agency.

Share this article