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Rio Tinto completes acquisition of Rincon lithium project for $825M

Green Car Congress

Rio Tinto has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB). The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate. Earlier post.).

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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

Green Car Congress

Established in 1997, Lake Resources currently develops four lithium brine projects in Argentina. million tonnes (Mt) of contained lithium carbonate equivalent (LCE), and an exploration target ranging between 8-17Mt of LCE. million electric vehicles (EVs). In November 2018, Lake announced a maiden JORC resource at Kachi of 4.4

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Ford sources battery capacity and raw materials for 600K EV annual run rate by late 2023, 2M by end of 2026; adding LFP

Green Car Congress

As Ford creates a new EV supply chain that upholds its commitments to sustainability and human rights, the company continues to plan for more than half its global production to be EVs by 2030 and achieving carbon neutrality globally no later than 2050. 150,000 F-150 Lightnings for North America.

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Queen’s University Belfast researchers synthesize “porous liquid”; applications in more efficient chemical processes

Green Car Congress

Scientists at Queen’s University Belfast, Northern Ireland, UK, have synthesized a porous liquid with the potential for application in a wide range of new, more efficient and greener chemical processes including carbon capture. They are used for manufacturing a range of products from plastic bottles to petrol.

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Oversold Lithium could be about to rally

Green Car Congress

The report put the final nail in the coffin of the decade-long lithium rally—Fastmarkets reckons that prices for battery-grade lithium carbonate in China, by far the world’s largest consumer of high-grade lithium carbonate, tumbled 50.31 Lithium carbonate prices will steady in 2019 before picking up steam starting 2020.

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China’s new energy buses are re-exported to Europe

Setec Powerr

This model adopts an all-aisle low-floor design, with a maximum passenger capacity of 90 people, and a comprehensive range of 400 kilometers after a single charge. In recent years, the EU has continuously improved its carbon emission standards and requirements to promote zero-carbon development.

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Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

Price doubling from 2014/2015 was first seen in China and is now being felt worldwide, with lithium hydroxide prices from $16-20 and carbonate prices from $12-14 thousand USD per ton. The concentration of lithium in most brines range 200 to 700 ppm. Automotive Thrust. Demand Response: A Wild Ride.

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