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Ganfeng Lithium plans to buy stake in Proyecto Pastos Grandes – ET Auto

Baua Electric

Established in 2016, PGCO owns two lithium projects in Argentina – the Pastos Grandes lithium project and Cauchari East lithium project, according to Ganfeng. Ganfeng Lithium said on Tuesday it plans to buy a stake of at least 14.8%

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$67 Oil Has All The Majors Converging in Argentina

Green Car Congress

Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. by Nick Cunningham of Oilprice.com.

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Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Given this new investment, plug-in electric vehicle (PEV) sales are expected to experience 62% year-over-year growth in 2016 , 60% in 2017, and likely 100% in 2018. by James Stafford of Oilprice.com.

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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

Green Car Congress

However, the report warns that while it may “buy some time”, it reduces the incentive for investment in lower carbon technologies such as nuclear and renewables, and could lock in emerging economies with high energy demand to a dependence on fossil fuels. Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina).