The price of lithium is soaring, up 280% since Jan. 2021, and establishing a domestic supply of lithium has become the modern-day version of oil security. The U.S. holds almost 8 million metric tons in reserve, ranking it among the top five countries in the world, according to the USGS. There are several domestic lithium projects in the works in Nevada, North Carolina, California and Arkansas, among other places. But no one wants a mine in their backyard, and other projects have been stalled by lawsuits and opposition from environmentalists, permitting and Native American tribes in the area. Last June, the administration released a blueprint for jumpstarting domestic lithium production and refining, and set a national EV sales goal of 50% by 2030. . . .
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