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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. Our decision to carry out our lithium project in Argentina is in line with the dynamic of strong market growth. Background.

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OptiFuel to repower Argentina’s 400 freight locomotive fleet from diesel-power to CNG and/or RNG

Green Car Congress

OptiFuel Systems has signed a Collaboration Agreement with the Argentina Ministry of Transportation through Ferrocarriles Argentinos Sociedad del Estado (FASE). Argentina has prioritized government and public investment to grow the share of freight shipped by rail throughout the country. —Scott Myers, President of OptiFuel.

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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.

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BYD to build new $1.2B battery factory in China

Teslarati

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 Chinese automaker will also be entering the South American market, selling its EVs and PHEVs in countries like Argentina and Brazil. The post BYD to build new $1.2B

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GM investing $650M in Lithium Americas; offtake agreement from Thacker Pass

Green Car Congress

GM has secured all the battery material we need to build more than 1 million EVs annually in North America in 2025 and our future production will increasingly draw from domestic resources like the site in Nevada we’re developing with Lithium Americas. and Argentine businesses. Tranche 2: GM to invest $330 million into Lithium Americas.

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

Green Car Congress

Higher prices for lithium and other key battery materials (such as nickel, graphite and cobalt) continue to put upward pressure on the cost of batteries which in turn is putting upward pressure on EV prices, the report notes. This rapid growth is forecast to be met by gains in output by Australia, Chile and Argentina.

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Nio buys 12% stake in lithium mining company

Teslarati

Greenwing plans to use 80% of the funds from Nio’s purchase for its San Jorge Lithium Project in Argentina. The remaining portions of the funds will be used for general working capital purposes and costs of the proposed transaction. It also plans to build one of its signature battery swap stations at its U.S.

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