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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. According to GlobalData, the global EV market is expected to grow at a substantial CAGR of 15.6% million by 2022.

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Start-Up MOBI LATAM partners with EnergyX to develop Bolivian domestic lithium battery supply chain

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Both companies will work towards creating a Bolivian domestic lithium battery supply chain to develop the region’s electric mobility market. Bolivia is lithium-rich; the USGS estimates identified lithium reserves in the country to be 21 million tons—ahead of Argentina and Chile, the other members of the “lithium triangle”.

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GlobalData: Global battery energy storage market to grow by 7% to reach $13.13B by 2023

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The global battery energy storage market will to grow to $13.13 Asia-Pacific (APAC) and EMEA will be the dominant markets for battery energy storage systems over the forecast period 2019-2023. APAC will continue to be the largest market, reaching $6.05 billion by 2023, according to a new forecast by GlobalData.

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BYD to add another 183 electric buses to Santiago’s fleet

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The 183 BYD electric buses will join the 100 electric buses that BYD and local partner Enel brought into Santiago last December, giving BYD a dominant share of more than 60% in the capital’s electric bus market. The first 100 BYD buses were delivered to Santiago in December 2018. The existing fleet of K9FEs operating in Santiago.

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German-Chilean consortium investigating new ways of reducing arsenic in copper concentrates: ReAK

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Chile is the world’s top copper producer (27% of global production) and exporter. In Chile, copper is mostly found in sulfide ores, especially in chalcopyrite (CuFeS 2 ), bornite (Cu 5 FeS 4 ) and chalcocite (Cu 2 S). In 2021 alone, Chile mined about 5.6 In 2021 alone, Chile mined about 5.6 © Juan Carlos Salas.

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BYD wins order for another 406 electric buses in Bogotá, Colombia

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BYD entered the Colombian market in 2012 and made several milestone achievements: building the first pure electric taxi fleet in South America in 2013, entering the Bogotá BRT system in 2017. —Lara Zhang, Regional Director of BYD Latin America.

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Copper prices rise to 10-year high, near record

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Although Chile and Peru contributed 40% of global mine supply in 2020, Roskill observed, copper production there is yet to fully recover to pre-pandemic levels. Annual imports of material classed as E-scrap have also been decreasing since 2018. Volumes of copper scrap imports have been declining annually since 2017.

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