Silicon Valley-based electric-vehicle-maker Lucid has launched a new group with companies producing and recycling minerals like graphite and nickel with hopes of forging a closer alliance between the two sectors.
The Minerals for National Automotive Competitiveness Collaboration also includes Alaska Energy Metals, Graphite One, Electric Metals and RecycLiCo., companies that are either pursuing domestic mining projects or working to recycle those materials.
The group, which has bipartisan backing, will focus on boosting domestic mineral production through offtake agreements between carmakers and mineral producers, expanding coordination between the two sectors, and advancing the procurement of domestic products that meet specific standards.
The formation of the collaboration arrives as Republicans and the Trump administration claw back incentives baked into the Inflation Reduction Act aimed at juicing EV production and the battery metals needed to build those cars.
