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President of Mexico nationalizes lithium

Green Car Congress

Sonora hosts virtually all Mexico’s lithium resources—8.82Mt lithium carbonate equivalent (LCE) or 1.66Mt lithium metal. million tons of lithium carbonate equivalent, The capacity of phase I is expected to be 50,000 tons of lithium hydroxide. World leaders Bolivia, Argentina and Chile hold 21Mt, 19Mt and 9.8Mt.

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Galaxy notes lithium carbonate prices in China rose 17% over last 12 months

Green Car Congress

Lithium producer Galaxy Resources Ltd says prices for both technical and battery grade lithium carbonate in its key market, China, have risen significantly on the back of tight demand and supply fundamentals, with current prices up almost 17% on the same time last year. —Galaxy Managing Director Iggy Tan.

Carbon 225
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Neo Lithium closes strategic investment with CATL; ~8% stake; 3Q project

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NLC) announced the closing of a previously announced equity investment by China-based Contemporary Amperex Technology Co. 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.

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CATL acquiring Millennial Lithium for C$377M; beating Ganfeng Lithium offer

Green Car Congress

China-based battery-maker CATL will acquire Canada-based Millenial Lithium in an all-cash deal of approximately C$377 million (US$298 million) (C$3.85 Argentina is a favorable mining jurisdiction which hosts some of the world’s largest lithium resources. per common share), after topping an earlier offer by Ganfeng Lithium of C$3.60/share.

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

Green Car Congress

Australia’s lithium production is forecast to grow from 335,000 tonnes of lithium carbonate equivalent (LCE) in 2021–22 to 399,000 tonnes in 2022–23 and 470,000 tonnes of LCE in 2023–24. This rapid growth is forecast to be met by gains in output by Australia, Chile and Argentina. billion in 2021–22 to $16.1 billion, and $17.0

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Roskill: Chinese companies step up their pursuit of lithium resources

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

Green Car Congress

The authors examined four cases of lithium mining: Argentina, Chile, the United States, and Portugal. Lithium supply chains span the world from Latin America to China to Australia, with new extraction being planned in Europe, Canada, the United States and beyond. Riofrancos et al. 2°C of warming.

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