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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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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. Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth. Automotive Thrust.

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From 2016-2019, > 90% of lithium imported to US came from Argentina and Chile

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From 2016-2019, more than 90% of the lithium imported to the United States came from Argentina (55%) and Chile (36%). Although use of these minerals is not restricted to battery production for EVs, they are nonetheless important for meeting the increasing demand for EV production.

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Waterfront Shipping to commission new ships with methanol flex-fuel engines

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MOL), Westfal-Larsen & Co A/S (WL) and Marinvest/Skagerack Invest to build six new ships, with an option for building an additional three, all to be delivered during 2016. Lines, Ltd. These 50,000 dead weight tonne vessels will be built with MAN ME-LGI flex fuel engines running on methanol, fuel oil, marine diesel oil, or gas oil.

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

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“The size of the market contraction in Russia is the biggest wild card facing vehicle manufacturers across the European continent, if not the world, in 2015 and 2016.” The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. —Nigel Griffiths, chief automotive economist, IHS Automotive.

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Oversold Lithium could be about to rally

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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. Link to article: [link].

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

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billion, level with 2019 despite falling unit prices. In 2020, the size of the market increased four times compared to 2016, reaching an estimated $118 billion. Electric bus (e-bus) sales are the second-largest category, although annual investment in the segment has decreased from $21 billion in 2016 to $11 billion in 2020.

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