Remove Argentina Remove Carbon Remove Download Remove Electric Vehicles
article thumbnail

Rio Tinto to invest USD 350 million in Argentina lithium project – ET Auto

Baua Electric

The company purchased the Rincon project from Rincon Mining in 2022 for USD 825 mn, and plans to develop a battery-grade lithium carbonate plant with an annual capacity of 3,000 tons. Rio Tinto said it is working with local communities and authorities to ensure environmental standards.

article thumbnail

Eramine Sudamerica joins Argentine lithium race with Salta plant – ET Auto

Baua Electric

Argentina, located on the so-called “lithium triangle” spanning Bolivia and Chile, is the world’s fourth-largest producer and has been drawing investment from foreign firms as far as Canada and China. Over half the world’s known lithium resources are in South America.

Bolivia 52
article thumbnail

India to send teams to Chile seeking lithium and copper assets, source says – ET Auto

Baua Electric

Chile is a key target as it is the world’s biggest supplier of copper and the second-biggest producer of lithium, which are essential for electric vehicle batteries and renewable energy systems in the push away from fossil fuels. million) lithium exploration pact for five blocks in Argentina. USD 1 = 83.30

Chile 52
article thumbnail

Rio Tinto CEO bullish on lithium but not eyeing big acquisitions – ET Auto

Baua Electric

Demand for key-battery mineral lithium will continue to grow, underpinned by strong adoption of electric vehicles but the price of the metal is expected to be volatile, Rio Tinto CEO Jakob Stausholm said on Sunday. Argentina has the world’s largest share of salt lake lithium resources.

Serbia 52
article thumbnail

India faces uphill battle in Lithium mining and exploration – ET Auto

Baua Electric

India is striving to establish reliable lithium supply to bolster its growing electric vehicle (EV) industry with its recent INR 200 crore investment in lithium exploration in Argentina by the Ministry of Mines. Argentina has brine deposits, for which the extraction and processing technology is well proven.

India 52
article thumbnail

Chile needs to finalize more lithium plan details to spur investment, miners say – ET Auto

Baua Electric

Chile in April will begin seeking proposals from private firms interested in extracting lithium, a key energy transition material used in electric vehicle batteries, from 26 salt flats not earmarked for state control, officials said on Tuesday. For the remaining 26 salt flats, officials will accept statements of interest through July.

Chile 52
article thumbnail

India faces uphill battle in Lithium mining and exploration – ET Auto

Baua Electric

India is striving to establish reliable lithium supply to bolster its growing electric vehicle (EV) industry with its recent INR 200 crore investment in lithium exploration in Argentina by the Ministry of Mines. Argentina has brine deposits, for which the extraction and processing technology is well proven.

India 40