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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.

Argentina 307
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President of Mexico nationalizes lithium

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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.

Mexico 543
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POSCO begins construction of S Korea’s first lithium hydroxide plant

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Korea) of the country’s first lithium hydroxide plant, which will produce secondary battery materials using lithium produced from brine in Argentina. In 2018, POSCO Holdings acquired a package of tenements from Galaxy Resources in the Salar de Hombre Muerto in Argentina in order to secure lithium preemptively.

Argentina 369
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Galaxy notes lithium carbonate prices in China rose 17% over last 12 months

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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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MIT study finds computational load for widespread autonomous driving could be a huge driver of global carbon emissions

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The data centers that house the physical computing infrastructure used for running applications are widely known for their large carbon footprint; they currently account for about 0.3% of global greenhouse gas emissions, or about as much carbon as the country of Argentina produces annually, according to the International Energy Agency.

MIT 218
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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

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In a forecast of the Lithium market through 2017, Roskill Information Services estimates that rechargeable batteries will, in the base-case growth scenario, contribute 75% of the growth in forecast lithium demand to 2017, when total demand for lithium is expected to reach slightly more than 238,000t lithium carbonate equivalent (LCE).

Market 296
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Orocobre and Galaxy to merge, creating 5th largest global lithium chemicals company

Green Car Congress

A new name for the merged entity will be selected in due course representing the global reach of the new entity, which will have its head office in Buenos Aires, Argentina, a corporate headquarters on the Australian East Coast and an office in Perth. Upon implementation, Orocobre shareholders will own 54.2%

Companies 243