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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. The two companies have partnered before, with the Weda Bay Nickel project in Indonesia. Background.

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Ultra Lithium, Power Metals respond to Government of Canada’s order for Chinese divestment in critical minerals

Green Car Congress

The Government of Canada has ordered three Chinese companies to divest from three Canadian critical mineral companies: Power Metals, Lithium Chile, and Ultra Lithium. Ultra Lithium has now issued a statement noting that the company has been advised that Zangge Mining Investment (Chengdu) Co. Earlier post.)

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Roskill: Chinese companies step up their pursuit of lithium resources

Green Car Congress

China is stepping up its pursuit of control of the lithium supply chain, underpinned by the rapid growth of its lithium-ion battery industry building on agressive policy surrounding electric vehicle sales, according to metals and mining consultancy Roskill.

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BYD to build new $1.2B battery factory in China

Teslarati

Now, as the company looks to expand outside of Asia, it is doubling down on its Chinese production capabilities. The environmental fillings found on a local Chinese government website state that the project will come at an expected cost of 8 billion yuan ($1.2 The post BYD to build new $1.2B

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Nio buys 12% stake in lithium mining company

Teslarati

The automaker is purchasing an approximate 12.16% stake in Greenwing Resources, an Australian-based lithium company. Nio will pay A$12,000,000 to the lithium company for a total of 21,818,182 shares at 0.55 Greenwing plans to use 80% of the funds from Nio’s purchase for its San Jorge Lithium Project in Argentina.

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It’s too late to China-proof the lithium supply chain – ET Auto

Baua Electric

If rich democracies wanted to build a clean-energy industry free of Beijing’s influence, they should have had their checkbooks out when miners and processors were starved of cash during the 2010s. The global lithium industry is so interwoven with Chinese capital now that it’s going to be impossible to unpick. Take Albemarle Corp.,

China 52
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Oversold Lithium could be about to rally

Green Car Congress

The company’s Salar de Olaroz project in Argentina took seven years to hit its stride but still came up short of production targets. Many Chinese brine producers in the Qinghai region had outlined plans to triple or quadruple capacities over the coming 3-4 years. Source: Infinity Lithium company presentation.

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