Abstract
The carmaker Stellantis is investing $52 million in the lithium producer Vulcan Energy to secure a supply of the mineral for its electric vehicles. Vulcan hopes to extract lithium from geothermal brine in Germany without producing any carbon emissions. Stellantis also recently signed a supply agreement with Controlled Thermal Resources, a geothermal lithium project in Southern California. The firm hopes to phase out its sales of gas-powered cars in Europe by 2030.
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