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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.

Argentina 307
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Ford, Rio Tinto sign MOU for battery and low-carbon materials supply to support net-zero future

Green Car Congress

Ford Motor Company and Rio Tinto have signed a non-binding global memorandum of understanding (MOU) jointly to develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles. Rio Tinto completed its acquisition of Rincon earlier this year. Earlier post.)

Carbon 186
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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

Green Car Congress

SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs).

Supplies 293
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POSCO accelerates production of lithium in Argentina with early stage 2 investment

Green Car Congress

POSCO Holdings has moved up the scheduled investment in the second stage of a lithium production operation in Argentina from next year to now, due to increased demand for lithium amid booming investment in the secondary battery sector resulting from the “Inflation Reduction Act ” in the United States. billion (about KRW 1.5

Argentina 150
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Argosy Minerals announces first shipment of lithium carbonate from Rincon project

Green Car Congress

lithium carbonate product from its industrial-scale pilot plant operations at the Rincon Lithium Project in Salta Province, Argentina. lithium carbonate product. A non-binding HOA with Mitsubishi RtM provides for the supply of 2,000 tpa for 3 years, with an option to extend for another two years.

Carbon 259
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Rio Tinto to acquire Rincon Mining lithium project for $825M

Green Car Congress

Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining , a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million. The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate.

Argentina 259
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Study calls for reduction in car ownership, battery size and vehicle dependency to limit environmental impact of surging lithium demand

Green Car Congress

A crucial aspect of electrified transportation is new demand for metals, and specifically the most non-replaceable metal for EV batteries—lithium. Even if the car-centricity of the US transportation system continues, limiting the size of EV batteries alone can cut lithium demand by as much as 42%. Riofrancos et al.

Batteries 397