Bill > SB645

This bill directs the Arkansas General Assembly to conduct a comprehensive study on lithium recovery and critical mineral development in the state. The bill begins by outlining several key findings, including the essential nature of critical minerals for industries like energy, defense, and technology, and the global importance of lithium, with demand expected to quadruple by 2030. The study aims to evaluate Arkansas's competitiveness in attracting lithium recovery projects and related manufacturing activities by assessing factors such as state and local taxes, regulatory environment, infrastructure needs, and workforce capabilities. Specifically, the study will create a competitive matrix used by lithium recovery companies, identify potential developmental obstacles, evaluate infrastructure requirements (including transportation and utility systems), examine workforce training programs, and provide recommendations to make Arkansas more attractive for lithium-related investments. The bill highlights the state's potential first-mover advantage in lithium recovery, while also noting competitive pressures from neighboring states like Louisiana and Texas that are actively developing incentives for critical mineral industries.

Agriculture and Natural Resources

https://arkleg.state.ar.us/Bills/Detail?id=sb645&ddBienniumSession=2025%2F2025R