There’s a disconnect between the government’s timeline for the phase\u002Din of EVs and the timelines needed to produce the metals and minerals
But what are the mining timelines for EV metals? According to the Energy Information Agency, the time spent from getting into production to initial production for a Lithium mine is from about six to 19 years, with nickel lead times of about three to 18 years. The Ring of Fire was identified as a potential resource area in 2010 — that’s 13 years of the EIA timeline gone.
And investors are noticing. At the end of 2022, Andrew Forrest, owner of Wyloo Metals , said that “Timelines … are placing the viability of the project at risk” and that if “standard processes continue without amendment, there is no prospect of commencing development of the Ring of Fire, or of the [associated] battery metals plant, before mid- to late 2030s.”
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