Two companies mine 85% of all boron. China holds a near monopoly on downstream processing. Now a California mine wants to break open this opaque market. miningnews boron
The green energy transition and EVs are doing to boron what they did to lithium a decade ago. According to Credit Suisse Equity Research, the market will double by the end of the decade, mostly driven by decarbonisation applications.
Even with everything Fort Cady has going for it, the whole undertaking can still grind to a halt. It’s mining in the US so that means permits, permits and more permits. While boron is not on the 2022 official US government list of so-called critical minerals due to ample US domestic production currently, in February this year Fort Cady was designated as ‘Critical Infrastructure’ by the US Cybersecurity and Infrastructure Security Agency . US nuclear plants have a similar designation.which the Biden administration invoked in March and thanks to its lithium plans, 5E could also possibly tap the Advanced Technology Vehicles Manufacturing Loan Program.