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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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Copper prices rise to 10-year high, near record

Green Car Congress

The price of copper on the London Metal Exchange (LME) rose to $9,990/t on 29 April, marking a ten-year high and closing in on the record high LME price of $10,147.50/t In its new Copper Monthly Insights , Roskill said that the ongoing surge in copper pricing is taking impetus from President Biden’s new CO 2 targets.

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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. But how could this affect Tesla pricing?

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Albemarle lithium net sales up 410% in Q4 2022 to $2.1B

Green Car Congress

billion due to higher pricing net of FX (+328%) related to renegotiated contracts and increased market pricing. Volume was also higher (+82%) related primarily to the La Negra III/IV expansion in Chile and higher tolling volumes to meet growing customer demand. Albemarle reported that its Q4 2022 lithium net sales increased $1.7

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Lithium producer SQM’s net income in 2022 soars almost 7x from 2021 to $3.9B

Green Car Congress

Sociedad QuĂ­mica y Minera de Chile S.A. This strong demand growth expectations give us confidence as we remain focused on expanding our lithium production capacity. As the company continues with lithium capacity expansion in Chile, it expects to invest approximately US$1.4 million—almost 7x the US$585.5 million (53.6%

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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. As outlined in the MOU, purchase pricing would be based on market price and sales volume thresholds would be dependent upon product qualifications.

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Albemarle granted permit to increase lithium brine extraction rates in Chile; MOU for 27-year lithium quota

Green Car Congress

Albemarle Corporation, a premier specialty chemicals company and leader in the production of lithium and lithium derivatives, has been granted approval by the Environmental Assessment Commission (CEA) of the Antofagasta Region to increase its currently authorized lithium brine extraction rate at the company's facility in the Salar de Atacama, Chile.

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