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SQM and Lithium Americas announce joint venture to develop lithium project in Argentina

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LAC) are forming a 50/50 joint venture to develop the Caucharí-Olaroz lithium project in Argentina. SQM estimated that global demand for lithium chemicals totaled approximately 150,000 metric tons of lithium carbonate equivalent in 2015, and the company expects demand growth of approximately 10% in 2016. SQM) and Lithium Americas Corp.

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BYD the recommended company for Argentinian tender for 50 electric buses

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BYD has been officially selected as the recommended company by the evaluation committee in Argentina for the purchase of 50 electric buses on behalf of the Ministry of Environment. BYD begun the promotion of its technologies in Argentina in 2011 through its local subsidiary, especially those related to electric vehicles and public transport.

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Roskill: Chinese companies step up their pursuit of lithium resources

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China is stepping up its pursuit of control of the lithium supply chain, underpinned by the rapid growth of its lithium-ion battery industry building on agressive policy surrounding electric vehicle sales, according to metals and mining consultancy Roskill.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2

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Ford CEO Fields elected to IBM Board of Directors

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The IBM board of directors elected Mark Fields, president and chief executive officer, Ford Motor Company, to the board effective 1 March 1, 2016. Fields also previously led Ford’s European operations, served as president and CEO, Mazda Motor Corporation in Japan and was the managing director of Ford Argentina earlier in his career.

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Mercedes-Benz Vans launches new Vito in China; unveiling electric van of future this week

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We have successfully entered numerous markets with the new Vito since its launch in 2014—over 65 in total—and we have significantly increased unit sales ever since. In the first half of 2016, Vito and V-Class continued to be the strongest sales drivers. —Volker Mornhinweg, Head of Mercedes-Benz Vans.

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Opinion: Why Lithium Will See Another Price Spike This Fall

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So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Given this new investment, plug-in electric vehicle (PEV) sales are expected to experience 62% year-over-year growth in 2016 , 60% in 2017, and likely 100% in 2018. by James Stafford of Oilprice.com.

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