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S&P Global: US faces new challenges meeting increased demand for critical minerals spurred by IRA

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However, ensuring enough qualifying supply to meet that demand faces “considerable challenges,” according to a new analysis by S&P Global. Copper is not currently listed as a critical mineral in the United States and does not qualify for IRA tax credits.

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GlobalData: growing global electric vehicle market will more than double lithium demand over the next 5 years

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According to GlobalData, the global EV market is expected to grow at a substantial CAGR of 15.6% The company projects that China will lead the global EV market with more than 50% share and grow three times as fast as the US over the next five years. of global sales, followed by Germany (4.8%) and the UK (4.1%). In 2017, 1.1

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

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The deal with SQM is expected to boost SK On’s efforts to meet the IRA requirements as Chile is a free trade agreement (FTA) partner with the US. The IRA offers a tax credit to consumers when they buy an EV with batteries equipped with a certain percentage of critical minerals extracted or processed in the US. Earlier post.).

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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 North America continues to be an impetus to global light vehicle demand levels. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. million, an increase of 2.4% North America. million units. The year preliminarily closed with 5.34

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The Global Outlook of Electric Vehicles

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Needless to say, EV sales are increasing globally. Coming in second is Norway, followed by Sweden, Germany and the United Kingdom rounding out the top five countries for EV adoption, according to the most recent version of the Electric Vehicle Country Readiness Index from ​​ Ernst & Young Global Ltd.

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Neo Lithium engages Worley to complete feasibility study of 3Q project

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Worley is a leading global engineering firm and has been involved in all aspects of lithium brine operations which will be invaluable in executing our DFS. Results of the last pre-feasibility study (PFS) performed by GHD Chile SA (GHD) and Groundwater Insight Inc. —Gabriel Pindar, COO of Neo Lithium Corp. Earlier post.).

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SEAT to launch 6 electric and plug-in hybrid models, develop smaller version of MEB for lower-cost EVs

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Profit after tax went up to €294 million—4.6% The goal for forthcoming years is to step up the company’s globalization. Latin America is another potential territory for brand expansion, and there are plans to begin operations in Chile in the second half of 2019 and strengthen its presence in Colombia.

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