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Albemarle inaugurates new $500M lithium plant in Chile; doubling production and reducing water consumption by 30%/tonne

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Albemarle Corporation, one of the largest lithium producers in the world and present in Chile for more than 40 years, inaugurated its third chemical conversion plant, La Negra III/IV, in Antofagasta, Chile, as one of the most modern chemical conversion plants in Latin America.

Chile 305
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Stellantis makes $155M investment in McEwen Copper Argentina project

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Stellantis announced a $155-million investment in a copper project located in Argentina, which will make a major contribution to the company’s plan to become carbon net zero by 2038. The company is acquiring a 14.2% Los Azules plans to produce 100,000 tons per year of cathode copper at 99.9%

Argentina 307
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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. In addition, in the period to 2017 Roskill forecasts that the main market driver for lithium-ion batteries will gradually switch from portable consumer electronics to electric vehicles, especially hybrid variants. Source: Roskill. Click to enlarge.

Market 296
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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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The report identifies the first movers who are looking to seize these investment opportunities, including Germany, Algeria, and Chile, who have signed multiple bilateral agreements on the production of hydrogen fuels (seen as key for powering ships). billion in 2017 to $1.6 billion in 2017 to $1.6 billion in 2019.

Renewable 210
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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. Lithium carbonate prices will steady in 2019 before picking up steam starting 2020.

2018 278
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Opinon: Lithium Market Set To Explode; All Eyes Are On Nevada

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Most of the world’s lithium comes from Argentina, Chile, Bolivia, Australia and China, but American resources being developed by new entrants into this market have set up the state of Nevada to become the key venue and proving ground for game-changing trade in this everyday mineral. Without lithium, there will be no battery gigafactories.

Nevada 150
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Opinion: Why Lithium Will See Another Price Spike This Fall

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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. Apart from these two mines, no new developments are expected in 2016, though 2017 may bring further new entrants. Automotive Thrust.

Price 150