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Stellantis makes $155M investment in McEwen Copper Argentina project

Green Car Congress

Stellantis announced a $155-million investment in a copper project located in Argentina, which will make a major contribution to the company’s plan to become carbon net zero by 2038. Los Azules is an advanced-stage porphyry copper exploration project in the San Juan pro-mining province of Argentina. The company is acquiring a 14.2%

Argentina 307
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POSCO begins construction of S Korea’s first lithium hydroxide plant

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POSCO Holdings recently began construction at the Yulchon 1 st Industrial Complex in Jeollanam-do (South Jeolla Province, S. Korea) of the country’s first lithium hydroxide plant, which will produce secondary battery materials using lithium produced from brine in Argentina. POSCO Group’s lithium brine demo plant in Argentina.

Argentina 369
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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

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Consumption of lithium in rechargeable batteries by end use, 2012-2017, kt LCE. Batteries accounted for 27% of global lithium consumption in 2012, up from 15% in 2007 and 8% in 2002. The lithium industry is therefore becoming more reliant on rechargeable batteries to sustain high rates of future demand growth, Roskill concludes.

Market 296
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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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Data and analytics company GlobalData forecasts that the demand for lithium needed for the production of lithium-ion batteries for use in EVs will more than double from 26.7kt in 2018 to 58.3kt in 2022. In 2017, 1.1 These numbers include battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV).

Global 284
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ADEME / IFPEN study examines non-geological risks in the security of lithium supplies based on electrification of global car fleet

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Source: USGS, 2017). More generally, vulnerabilities economic, industrial, geopolitical or environmental issues are still possible. Production is currently concentrated between Australia (40%), Argentina and Chile (50% between them). Further, vulnerabilities could emerge from increased competition among lithium buyers.

Supplies 236
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Roskill: Chinese companies step up their pursuit of lithium resources

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China is stepping up its pursuit of control of the lithium supply chain, underpinned by the rapid growth of its lithium-ion battery industry building on agressive policy surrounding electric vehicle sales, according to metals and mining consultancy Roskill.

Chinese 150
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Opinon: Lithium Market Set To Explode; All Eyes Are On Nevada

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While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending American lithium boom. Without lithium, there will be no battery gigafactories.

Nevada 150