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Yutong Bus to deliver 100 electric buses to Chile

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will deliver 100 full electric buses to Chile. Having sent more than 20,000 vehicles to Latin America over the past 15 years, Yutong has become the leading Chinese bus supplier on the continent. The E12 Electrical Bus, the model Yutong will deliver to Chile, is equipped with 324 kWh battery capacity and low energy consumption.

Chile 385
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Copper prices rise to 10-year high, near record

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Total Chinese stocks (658kt) are equivalent to 2.6 Chinese refined consumption rebounded 18% YOY in Q1 2021. Although Chile and Peru contributed 40% of global mine supply in 2020, Roskill observed, copper production there is yet to fully recover to pre-pandemic levels. These stocks, however, currently represent only 1.9

Price 418
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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

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Consumption of lithium in rechargeable batteries by end use, 2012-2017, kt LCE. Batteries accounted for 27% of global lithium consumption in 2012, up from 15% in 2007 and 8% in 2002. The lithium industry is therefore becoming more reliant on rechargeable batteries to sustain high rates of future demand growth, Roskill concludes.

Market 296
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Opinion: Why Lithium Will See Another Price Spike This Fall

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Previous announcements of billion-dollar investments in battery factories by Volkswagen were largely brushed off by investors as deflections from their “Dieselgate” scandal. 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.

Price 150
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Oversold Lithium could be about to rally

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Shares of major lithium producers and explorers including Sociedad Química y Minera de Chile (NYSE:SQM), Albemarle Corp. That’s certainly a massive production ramp-up considering that global production in 2017 totaled just over 200kt. Currently, the EV market accounts for about 47 percent of global lithium demand.

2018 278
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion, up 12%, while investment in stationary energy storage technologies such as batteries was $3.6 This has been due to two factors: the decline in upfront costs of the vehicles—driven by falling battery prices—and changes in predominant duty cycles of vehicles sold in developed economies (Europe, US). billion in 2020.

2020 259