FINANCE America’s Battery-Powered Car Hopes Ride on Lithium. One Producer Paves the Way.

SourceThe Wall Street Journal
Date Published03/09/2021
Author NameScott Patterson, Amrith Ramkumar
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Piedmont Lithium Ltd.
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):500
Country(ies) from which reshored:Australia
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Nonmetallic Mineral Products
Product(s) reshoredlithium, concentrated spodumene
What domestic positive factors made reshoring more attractive?Government Incentives, Lead time/Time to market, Raw Materials Cost, Other, Biden
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