Information provided by: ITC-Diligence International, experts in Foreign Trade Zone operations.
Nevada has become a pivotal hub in the lithium battery industry, driven by rich mineral resources, a strategic location, and a supportive business environment. With active support from the Las Vegas Global Economic Alliance (LVGEA), the state offers a unique advantage to companies involved in lithium extraction, processing, and battery manufacturing.
Booming Lithium Production
Nevada is home to the only operating lithium mine in the U.S., positioning it as a national leader in clean energy supply. According to The Nevada Independent, the state could supply up to 25% of the world’s lithium for EV batteries—critical for meeting global energy goals.
Major Investments and Developments
Several high-impact projects are propelling Nevada’s battery sector forward:
- Lyten’s Lithium-Sulfur Battery Gigafactory: Announced in late 2024, Lyten will invest over $1 billion to build the first lithium-sulfur battery gigafactory near Reno. At full capacity, it will produce 10 GWh of batteries annually. Nevada Public Radio
- Ioneer’s Rhyolite Ridge Project: Construction is expected to begin in 2025. Once operational, the mine will supply lithium for about 370,000 EVs annually.Nevada Appeal
- Thacker Pass Lithium Mine: Lithium Americas, backed by a $2.26 billion federal loan, plans to produce 40,000 metric tons of lithium carbonate each year—enough for 800,000 EVs.Nevada Public Radio
Emerging Technologies and Innovations
Nevada is also a launchpad for advanced battery tech. Lyten is developing lithium-sulfur batteries, which offer greater energy density and safety than traditional lithium-ion models. These innovations could transform energy storage and EV performance.Electrek
Environmental Considerations
Growth brings challenges. Projects like Rhyolite Ridge have faced legal scrutiny over environmental and cultural impacts. According to Financial Times, balancing economic development with conservation is a critical part of the conversation.
Future Outlook
The global push for EVs and renewable energy continues to surge. Nevada is uniquely positioned to lead, thanks to its natural resources, strong infrastructure, and commitment to innovation.
Strategic Advantages of Foreign Trade Zone (FTZ) #89
Through the LVGEA, Southern Nevada can access Foreign Trade Zone #89 (FTZ), a valuable resource for businesses in the lithium and clean energy industries, to further solidify its position as a national leader in lithium battery innovation. Qualified companies can improve cash flow on imported components and materials, expedite customs procedures, and postpone or lower import duties by obtaining an FTZ designation. These advantages result in significant cost savings and increased operational efficiency for those engaged in lithium extraction, battery manufacturing, or the larger EV supply chain. Businesses can scale within one of the nation’s most strategic energy hubs and more successfully navigate international trade by utilizing FTZ #89.
Ready to power up your business in Nevada’s thriving market?
Reach out to the LVGEA now to unlock significant efficiencies and potential cost savings with our Foreign Trade Zone #89 (FTZ) services. See our FTZ flyer to learn more about how these advantages can accelerate your growth.
Connect with the LVGEA to explore how your business can grow in Nevada’s rapidly expanding lithium battery sector.
