article thumbnail

BYD wins Chile lithium extraction contract

Green Car Congress

Chile’s Ministry of Mining awarded China-based BYD a contract to extract up to 80,000 tons of metallic lithium. The other lithium extraction contract, also for 80,000 tons, went to Chile-based Servicios y Operaciones Mineras del Norte SA, for an offer of US$60 million. million tons, according to the US Geological Survey (USGS).

Chile 199
article thumbnail

Albemarle granted permit to increase lithium brine extraction rates in Chile; MOU for 27-year lithium quota

Green Car Congress

Albemarle Corporation, a premier specialty chemicals company and leader in the production of lithium and lithium derivatives, has been granted approval by the Environmental Assessment Commission (CEA) of the Antofagasta Region to increase its currently authorized lithium brine extraction rate at the company's facility in the Salar de Atacama, Chile.

Chile 150
article thumbnail

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

Green Car Congress

Sociedad Química y Minera de Chile S.A. The updated study will evaluate economic feasibility for a project with a nameplate production capacity of approximately 40,000 metric tons per year of lithium carbonate equivalent. SQM is committed to the lithium business, both in Chile and abroad. SQM) and Lithium Americas Corp.

Argentina 150
article thumbnail

Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Price doubling from 2014/2015 was first seen in China and is now being felt worldwide, with lithium hydroxide prices from $16-20 and carbonate prices from $12-14 thousand USD per ton. Automotive Thrust.

Price 150
article thumbnail

Oversold Lithium could be about to rally

Green Car Congress

It’s important to remember that prior to the crash, lithium had enjoyed a meteoric rise with prices doubling since the beginning of 2016 and nearly quadrupling over the past decade. Shares of major lithium producers and explorers including Sociedad Química y Minera de Chile (NYSE:SQM), Albemarle Corp. percent in the current year.

2018 278
article thumbnail

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 In 2020, the size of the market increased four times compared to 2016, reaching an estimated $118 billion. Commercial EV investment declined from $12 billion in 2016 to $4 billion in 2020. billion, Vietnam 89% higher at $7.4

2020 259
article thumbnail

China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

Green Car Congress

The increasing prices of lithium has also led to higher investments in carbonate and hydroxide refinery facilities in the country, making it the leading refiner of battery metals globally. US cell production capacity surpassed Japan in 2014 and South Korea in 2016.

Supplies 195