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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 QuĂ­mica y Minera de Chile S.A. 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 is committed to the lithium business, both in Chile and abroad.

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

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Europe’s performance was driven by a record year for electric vehicle sales, and the best year in renewable energy investment since 2012. 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.

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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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Strong battery demand for stationary storage and rapidly accelerating passenger vehicle sales (rising from 5% in 2022 to 34% by 2027) ensure that it places high on the leaderboard. US cell production capacity surpassed Japan in 2014 and South Korea in 2016.

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