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BYD secures preferential prices for lithium battery raw materials in Chile

CN EV Post

BYD's project in Chile is designed to produce 50,000 tons of lithium iron phosphate cathode material per year, with an estimated investment of at least $290 million. Image credit: CnEVPost) BYD received preferential prices for lithium carbonate in Chile, where it was awarded a lithium mining contract a year ago in the lithium-rich country.

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It’s too late to China-proof the lithium supply chain – ET Auto

Baua Electric

Parts of our key supply chains, including for clean energy, are currently over-concentrated in China,” US Treasury Secretary Janet Yellen said earlier this month during a visit to Chile, home to the largest lithium reserves. the Charlotte, North Carolina-based miner whose processing plant Yellen visited during her trip to Chile.

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Copper output at Chile’s Codelco set to rise this year, CESCO says – ET Auto

Baua Electric

That goal appeared realistic, said Jorge Cantallopts, head of the Center for Copper and Mining Studies (CESCO) in Chile, the world’s top producer of the red metal. That goal appeared realistic, said Jorge Cantallopts, head of the Center for Copper and Mining Studies (CESCO) in Chile, the world’s top producer of the red metal.

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Protest ends at Chile’s lithium salt flats with promise of Boric visit – ET Auto

Baua Electric

The protest underscored a serious challenge to a plan by Chile, the No. Protesters agreed to end demonstrations that had blocked access to the Atacama salt flat in Chile , the world’s largest lithium deposit, with the promise of a visit by President Gabriel Boric. No timing was given for the visit.

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Chile’s SQM posts profit down 82% as lithium prices slide – ET Auto

Baua Electric

Chile’s SQM , the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks. . Revenue for the period fell 58% to USD 1.31 billion, also lagging LSEG’s USD 1.35

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China’s economic stimulus to spark robust copper consumption in 2024 – ET Auto

Baua Electric

The report also highlights that global copper supply may face disruptions due to issues in major producing countries like Chile , Peru, and Panama. In Chile, operational challenges and water supply issues are impacting mine production, while community actions in Peru are expected to affect mining investments and output negatively.

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India enters Argentina’s lithium market with INR 200 cr investment, eyes on rich lithium reserves – ET Auto

Baua Electric

Argentina is part of the “Lithium Triangle” along with Chile and Bolivia with more than half of the world’s total lithium resources and having the distinction of having 2nd largest lithium resources.

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