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POSCO Holdings begins construction of $830M lithium plant in Argentina

Green Car Congress

Korea-based POSCO Holdings recently started construction of a lithium commercialization plant in Argentina. POSCO Group is the first to produce lithium hydroxide for batteries in Argentina throughout the entire process from the acquisition of mining rights to exploration, construction and operation of a production plant.

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Bass Metals to acquire San Jorge lithium brine project in Argentina

Green Car Congress

Australia-based Bass Metals has signed a binding term sheet to acquire Blackearth SA which holds an option to acquire the san Jorge Lithium Project located in Catamarca province, Argentina. UBS is now forecasting an 11-fold increase to 2030 in the amount of lithium required, as well as a 7-fold increase in the amount of natural graphite.

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Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22

Green Car Congress

Among the lithium-specific findings of the report: Spodumene prices are estimated to rise from an average of US$598 a tonne in 2021 to US$2,700 a tonne in 2022, and US$4,010 a tonne in 2023 before moderating to US$3,130 in 2024. This rapid growth is forecast to be met by gains in output by Australia, Chile and Argentina.

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Uruguay launches first BYD battery-electric buses; projecting 500 by 2015

Green Car Congress

in partnership with Chinese automaker BYD Ltd, introduced the first battery-electric 12-meter rapid transit bus in Uruguay and the region. The BYD battery technology also allows for a full charge in less than 5 hours. The bus can be charged overnight, while the electricity pricing is lower. Buquebus and CTS Auto S.A.,

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BYD to build new $1.2B battery factory in China

Teslarati

FinDreams Technology, the battery subsidiary of BYD, has filed paperwork to establish a new battery production facility in Central China. According to Reuters , BYD will construct a battery production facility that produces 40 GWh of batteries annually. battery factory in China appeared first on TESLARATI.

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

Green Car Congress

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.

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Neo Lithium closes strategic investment with CATL; ~8% stake; 3Q project

Green Car Congress

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 In 2019, the company’s EV battery sales volume reached 40.25 GWh worldwide, making it the world leader in annual EV battery consumption volume.

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