article thumbnail

Start-Up MOBI LATAM partners with EnergyX to develop Bolivian domestic lithium battery supply chain

Green Car Congress

Both companies will work towards creating a Bolivian domestic lithium battery supply chain to develop the region’s electric mobility market. Bolivia is lithium-rich; the USGS estimates identified lithium reserves in the country to be 21 million tons—ahead of Argentina and Chile, the other members of the “lithium triangle”.

Bolivia 320
article thumbnail

SK On signs 5-year lithium hydroxide supply deal with SQM

Green Car Congress

Battery manufacturer SK On signed a lithium hydroxide supply deal with Chile’s SQM, a move that will further strengthen SK On’s supply chain for critical battery materials in coping with the US “Inflation Reduction Act” (IRA) following its recent deals with Australian lithium developers. Earlier post.).

Supplies 273
article thumbnail

Hyundai Motor Group signs MOU with SK On to secure EV battery supply for N America

Green Car Congress

Hyundai Motor Group signed a memorandum of understanding (MOU) with SK On to secure a supply of EV batteries in North America. Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the US after 2025 for the EV production. million full electric vehicles annually by 2030.

Hyundai 199
article thumbnail

Rio Tinto to acquire copper exploration assets and enter joint venture with Codelco in Chile

Green Car Congress

ADLF), a company with exploration tenements in Chile’s prospective Atacama region, and to enter a joint venture with Corporación Nacional del Cobre de Chile ( Codelco ) to explore and potentially develop Agua de la Falda’s assets. Rio Tinto has agreed to purchase Pan American Silver’s stake in Agua de la Falda S.A.

Chile 150
article thumbnail

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.

Chile 75
article thumbnail

LG Energy Solution partners with 3 Canadian suppliers to augment cobalt, lithium supply chain in N America

Green Car Congress

Electra Battery Materials Corporation and Avalon Advanced Materials Inc. are in line with LG Energy Solution’s strategic vision to reinforce its key battery materials supply chain in North America. Under the terms, Electra will supply 7,000 tons of cobalt sulfate for three years starting in 2023.

America 210
article thumbnail

Compass Minerals signs non-binding agreement to supply LG Energy Solution with battery-grade lithium product starting in 2025

Green Car Congress

Under the terms of the MoU, Compass Minerals would supply LGES with with a battery-grade lithium product from its lithium brine development project at its Ogden, Utah, solar evaporation facility. Securing key raw materials has become critically important, in order to maintain our lead position in the global battery market.

Supplies 199