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

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

Baua Electric

Rio Tinto is developing the Rincon project, a lithium-brine mine in Argentina where it plans to develop a battery-grade lithium carbonate plant with an annual capacity of 3,000 tonnes. Argentina has the world’s largest share of salt lake lithium resources. And therefore you need more lithium,” Stausholm added.

Serbia 52
article thumbnail

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

Baua Electric

India, the world’s third-biggest emitter of greenhouse gases behind China and the United States, has pledged to achieve a net-zero carbon emission target by 2070 and increase the share of renewables in its energy mix to 50% by 2030. million) lithium exploration pact for five blocks in Argentina.

Chile 52
article thumbnail

Roskill: Chinese companies step up their pursuit of lithium resources

Green Car Congress

Jilin Jien, which bought the Québec Lithium mine and lithium carbonate conversion plant from its creditors in 2016, is understood to have entered bankruptcy in China and had struggled to raise the funds to complete the re-commissioning.

Chinese 150
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

Australian mining groups to become world’s fifth-largest producer of lithium

Electric Vehicles India

The companies said in the next few years they have the capacity to expand the annual production of lithium carbonate from 40,000 to 100,000 tonnes using raw materials used in batteries. The Galaxy and the Orocobre plan some big development projects, including Olaroz and Sal de Vida in Argentina and James Bay in Canada.