The U.S. Department of Energy will award $500 million in grants to seven companies to build domestic lithium, cobalt, and other mineral and battery projects, supporting mining and processing capacity. The funding is part of a broader push to strengthen the U.S. battery supply chain, which is likely to be a constructive signal for related suppliers and project developers.
The U.S. Department of Energy will award $500 million in grants to seven companies to build domestic lithium, cobalt, and other mineral and battery projects, supporting mining and processing capacity. The funding is part of a broader push to strengthen the U.S. battery supply chain, which is likely to be a constructive signal for related suppliers and project developers.
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