u.s. energy department to develop lithium recycling research center - lithium battery suppliers1

WASHINGTON (Reuters)-The U. S.
The Energy Department said on Thursday it will launch a lithium battery recycling research center to reduce U. S. dependence on lithium batteries. S.
More and more metals used in electric vehicles and electronic products are dependent on foreign sources.
The department will also launch the lithium battery recycling Award, which will be awarded $5.
5 million, accelerate the process of recycling design from concept to presentation. Lithium-
From laptops to cars produced by Tesla, ion batteries are widely used (TSLA. O)
As more and more electric vehicles are on the road, demand for them is growing rapidly.
These initiatives will "leverage the power of competition and the resources of the private sector, universities and national laboratories ". . .
"Promoting economic growth, strengthening our energy security and improving the environment," Energy Minister Rick Perry said at an event at the Bipartisan Policy Center . ".
The move aims to facilitate the reuse of materials used in batteries needed for electric vehicles and other devices.
The department hopes to increase the collection and recovery rate of all lithium to 90%
Technology from the current 5%.
The Trump administration launched a strategy for the United States last year to increase domestic production of 35 key minerals, including lithium, uranium and cobalt, for manufacturing, batteries and electronics, reduce dependence on foreign suppliers.
The department said it would invest $15 million to build a lithium battery recycling center led by the National Laboratory.