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Canada orders three Chinese companies to divest from Canadian critical minerals companies

Green Car Congress

Chengze Lithium International Limited—China’s second-largest lithium processor—is required to divest itself of its investment in Lithium Chile. Calgary-based Lithium Chile has ownership in the largest high-grade lithium reserves in the world comprising 79,900 hectares in Chile and 23,300 hectares in Argentina.

Canada 353
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S&P Global: US faces new challenges meeting increased demand for critical minerals spurred by IRA

Green Car Congress

Copper is not currently listed as a critical mineral in the United States and does not qualify for IRA tax credits. For example, the United States relies on one country, Chile, for 60% of refined copper imports. However, for Chile the United States accounts for only 20% of its refined copper exports.

Global 370
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SK On signs 5-year lithium hydroxide supply deal with SQM

Green Car Congress

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.).

Supplies 273
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Satellite view of Silver Peak lithium mine

Green Car Congress

Brine operations, mostly in Chile and Argentina, generate about 75% of worldwide production. Demand for US-produced lithium is particularly strong due to tax incentives that reward consumers for buying electric vehicles with domestically produced and assembled parts.

Chile 259
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GlobalData: growing global electric vehicle market will more than double lithium demand over the next 5 years

Green Car Congress

This in turn will result in increased consumption of lithium and support investment in mine expansions across Chile and Australia and new mine development in Chile, Australia, Argentina and Canada.

Global 284
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Mitsubishi Motors to promote EVs with Hsinchu County in Taiwan

Green Car Congress

It will analyze the demand and marketability throughout its operation to go forward with verifying more specifics for EV popularization, such as tax incentives and charging infrastructure installation.

Taiwan 210
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Neo Lithium engages Worley to complete feasibility study of 3Q project

Green Car Congress

Results of the last pre-feasibility study (PFS) performed by GHD Chile SA (GHD) and Groundwater Insight Inc. Limited (CATL), whereby CATL, through a subsidiary controlled by CATL, subscribed for 10,217,503 common shares of Neo Lithium at a price of C$0.84 per common share for gross proceeds to Neo Lithium of C$8,582,702 (US$6.7

Carbon 186