China controls 67% of global lithium production, and over 80% of battery material refining. Lithium has become so essential to meeting the world’s clean energy needs that China and the US are now in a modern day “arms race” to control the global lithium supply. While China spent over $60 billion in the last decade to become the largest lithium refiner in the world, there’s momentum on the home front. The US government now considers lithium a national security issue, which is why it allocated a substantial chunk of a $783B investment directly toward domestic lithium.

https://www.disclosurenews.it/news-burst-31-august-2024-get-the-news/