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

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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.

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

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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.

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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. 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.

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

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Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 Europe’s performance was driven by a record year for electric vehicle sales, and the best year in renewable energy investment since 2012. Commercial EV investment declined from $12 billion in 2016 to $4 billion in 2020.

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

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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.

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