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

Green Car Congress

Lithium extraction, which totalled more than 168,000t LCE in 2012, is undertaken predominately in Australia, Chile, Argentina and China, with roughly half of lithium output from hard rock sources and half from brine. Production is dominated by Talison Lithium in Australia, SQM and Rockwood Lithium in Chile, and FMC in Argentina.

Market 296
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NOAA: May Global Temperature is Warmest on Record; Spring and January-May also Post Record-breaking Temps

Green Car Congress

The Chinese province of Yunnan had its warmest May since 1951. Anomalously cool conditions were present across western North America, northern Argentina, interior Asia, and Western Europe. Conversely, cool temperatures enveloped the western US and eastern Asia. Tasmania tied its warmest March-May period on record.

Global 259
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Oversold Lithium could be about to rally

Green Car Congress

The company’s Salar de Olaroz project in Argentina took seven years to hit its stride but still came up short of production targets. SQM hit technical obstacles at its new brine conversion facilities that delayed its target capacity of 70,000 tpa LCE by end of 2018 while Albemarle continues to struggle to achieve full capacity at La Negra II.

2018 278
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JATO: 2018 record year for EVs; sales up 74% to 1.26M units; overall market stable, as SUVs rule

Green Car Congress

Chinese demand for EVs soared throughout 2018, as the car-type gained more visibility among consumers, due in part to their promotion by local governments for their environmental impact. The dip in the Chinese market had ramifications upon the rest of the global market in 2018. Passenger electric cars recorded 1.26 million sales.

2018 273