Jack Lifton of the CMI Provides an Update on the Critical Minerals Supply & Demand Situation in the EV Industry


In this InvestorIntel interview, Tracy Weslosky talks to Critical Minerals Institute’s Chairman Jack Lifton about “an existential crisis for the North American automotive industry.” Speaking about the upcoming Critical Minerals Summit (#CMS2023) to be held from June 14 to 15 at the National Club in Toronto, Canada, Jack says that the summit will focus on the current supply and demand situation of critical minerals for the electric vehicle industry. He adds, “This is one not to miss.”

Jack also discusses Energy Fuels Inc.‘s (NYSE American: UUUU | TSX: EFR) recent acquisition of a rare earth and heavy mineral project in Brazil and he provides an update on Lynas Rare Earths Ltd.’s (ASX: LYC) rare earths processing plant in Malaysia.

He goes on to provide an update on the current lithium market and how automakers like General Motors are investing in lithium companies to support their electric vehicle production and Piedmont Lithium (NASDAQ: PLL | ASX: PLL) just signed a purchase order and $75 million equity deal with LG Chem, Ltd. (KOSE: A051910).

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About The Critical Minerals Institute

The Critical Mineral Institute (CMI) is an international organization for companies and professionals focused on battery materials, technology metals, defense metals, ESG technologies and practices, the general EV market, and the use of critical minerals for energy and alternative energy production. Offering an online site that features job opportunities that range from consulting roles to Advisory Board positions, the CMI offers a wide range of B2B service solutions. Also offering online and in-person events, the CMI is designed for education, collaboration, and to provide professional opportunities to meet the critical minerals supply chain challenges.

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2 responses

  1. Rare Earths Investor Avatar
    Rare Earths Investor

    Will you be bringing up the US political situation and its potential positive or negative impact on new critical metals mining (including RE ????); particularly, if we still have not seen any US within-borders or friendly-borders new mining moves before June? Or, is this topic an absolute no-no for the mining wannabees? IMHO, it is a major issue with a bearing on all N. American miners.

    Without Fed support, it makes it more difficult for states to permit and further energizes the environmental NGOs at the local level to oppose; worse to go to the US courts.

    It is noticeable that in RE the only US feedstock move has been by GM which has gone with MP who just happens to have major US strategic backing and an already existing permitted RE mine.

    Thanks for the discussion. GLTA – REI

  2. RT Avatar

    Excellent interview. Thank you. I am a little surprised that USA Rare Earth and Texas Mineral Resources Corp. wasn’t even discussed, however. They are the closest up and coming US mine for REE with a substantial lithium mining operation as well. It has been noted from management of the Round Top operation that technology exceeds even their expectations for lithium extraction and REO refinement. I would expect car manufacturers and/or battery makers to fall over themselves for contracts with them.

    I think Round Top’s partners (USARE and TMRC) will be much larger and broadly known as the North American standard for REE mine to magnet operations and lithium extraction methods. Perhaps this should be discussed in your follow up interview to get investors pointed in the right direction.


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