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Daily Newsletter

11 August 2023

Daily Newsletter

11 August 2023

Local concern over stalled lithium mine

Approval has faced significant hurdles since 2018

Luke Martin August 10 2023

North Carolina officials have raised concerns over Australian mining company Piedmont Lithium's plans to establish a mine in Gaston county.

Reuters said the project, which would establish one of the few US lithium producing sites, encountered “scepticism and anger” at a recent meeting with the local county board of commissioners.

The meeting focused on zoning changes required for the mine. County approval is crucial for the project, requiring both zoning variance and state mining permits.

Approval has faced significant hurdles since 2018 with little progress noted.

Piedmont CEO Keith Phillips’ absence from the meeting drew criticism while worries about the mine’s potential impact on local well water supply were expressed. Piedmont said it would assist by facilitating deeper well digging or connecting to municipal water supply.  

The mine's depth of 500 feet stirred concerns of water scarcity.

Piedmont signed a lithium supply deal with Tesla in 2020, which was later adjusted after the company sourced temporarily from a Quebec mine. This sourcing was expected to end by 2026.

According to Reuters, Piedmont said it remained open to not discharging processed water into local waterways and funding a substantial mine reclamation bond beyond regulatory demands.

Although residents voiced opposition during the meeting, Piedmont's spokesperson Erin Sanders said: “Our goal was to answer questions and open a dialogue.”

AI is a key part of the digital revolution shaping the automotive sector

GlobalData estimates the total AI market will be worth $909 billion in 2030, having grown at a CAGR of 35% between 2022 and 2030. The automotive sector is undergoing a digital transformation fuelled by changing global supply-chain dynamics, tighter market competition, and rising inflation. AI is a key part of this digital revolution. Focus is directed toward driver assistance features for safety and hazard detection and greater automation of many vehicle processes and functions. Simultaneous localization and mapping (SLAM), facial recognition, and motion tracking will be vital for developing incockpit safety features such as early driver fatigue detection. For the most part, the automotive sector will not play a significant role in creating and developing generative AI hardware or platforms. Instead, it will be a key driver for innovations in machine learning platforms and associated IoT hardware for autonomous driving and ADAS. This will also help to drive advances and greater scale-up of adoption of these AI technologies in adjacent sectors such as travel and tourism and construction.

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