Remove Argentina Remove Battery Remove Industry Remove Market
article thumbnail

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
article thumbnail

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.

Argentina 333
article thumbnail

Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

Green Car Congress

China’s Tsingshan , the world’s largest producer of stainless steel, will invest $375 million to build a lithium plant in Argentina with French multinational mining and metallurgy company Eramet. Volume produced will be marketed by each shareholder based on their respective shareholding in the project. Background.

Argentina 335
article thumbnail

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

Green Car Congress

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
article thumbnail

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
article thumbnail

International Lithium Association (ILiA) established to be the voice of the global lithium industry

Green Car Congress

The world has entered the “lithium century” almost without noticing it, but until now this critical industry lacked a central voice. The Association will include Members from the entire supply chain: from resource to the end-users. ppm Li (0.0018%).

article thumbnail

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. Roskill is an international metals and minerals market research firm. Batteries accounted for 27% of global lithium consumption in 2012, up from 15% in 2007 and 8% in 2002. Source: Roskill. Click to enlarge.

Market 296