Companies develop lithium extraction for batteries in California as U.S. auto industry goes electric

SourceCBS News
Date Published05/07/2023

Additional Reshoring Information:

Company/Division name EnergySource Minerals
Parent companyEnergySource Minerals
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
City reshored to:Imperial Valley
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredLithium mineral for EV battiers
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Govt. Policy and subsidies, Higher productivity, Lead time/Time to market, Proximity to customers/market, Raw Materials Cost, IRA taken by all customers - booming market
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