his company has halted discussions with potential financiers and a major automaker he declined to identify while California’s legislature debates the tax.
Rod Colwell, CEO of Controlled Thermal Resources Ltd, which has contracts to supply lithium to GM by 2024 and Stellantis by 2025, said the tax would force the company to miss those delivery deadlines.ReutersCTR plans to produce 60,000 tonnes of lithium – enough to make roughly 6 million EVs – by mid-2024 in California, which would make it the largest US lithium producer. Those plans are now in jeopardy, Colwell said.GM declined to comment and Stellantis could not immediately be reached.
The proposal would impose a tax of $400 per tonne for the first 20,000 tonnes of lithium produced annually, $600 per tonne for the next 10,000 tonnes, and $800 per tonne with output of 30,000 tonnes or more.
Phoenix, Arizona a much more friendlier mining state $AZL $AZLAF ArizonaLithium 🚀
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