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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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Rio Tinto completes acquisition of Rincon lithium project for $825M

Green Car Congress

Rio Tinto has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB). The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate. Earlier post.).

Argentina 195
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Neo Lithium closes strategic investment with CATL; ~8% stake; 3Q project

Green Car Congress

The 3Q Project (Tres Quebradas Lithium Project) is located in Catamarca Province, the largest lithium producing area in Argentina, and covers approximately 35,000 ha including a salar complex of approximately 16,000 ha. In 2019, the company’s EV battery sales volume reached 40.25

Argentina 418
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Country’s Ministry of Mines announces lithium discovery

Electric Vehicles India

For the first time in the country, GSI found one of the key components of EV battery Country’s Ministry of Mines announces lithium discovery. Lithium is one of the key components of EV batteries first discovered in Jammu and Kashmir. Lithium is a non-ferrous metal used as one of the key components in EV batteries.

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

Green Car Congress

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
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Enel acquires eMotorWerks to provide grid balancing solutions and tap into US e-mobility market

Green Car Congress

This acquisition enriches our e-mobility offering and integrates a highly sophisticated smart EV charging solution within our portfolio of grid flexibility services, which includes the world’s largest demand response network, distributed energy management systems and battery storage solutions.

Grid 170
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Toyota Tsusho to acquire 15% stake in lithium miner Orocobre for US$232 million

Green Car Congress

Lithium demand is expected to continue growing with the shift from fossil-fuel powered vehicles to electric vehicles (EV), in addition to the steady growth of lithium-ion batteries for electric devices. Demand growth to date has seen the lithium price more than doubled in the past few years.

Toyota 207