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GM investing $650M in Lithium Americas; offtake agreement from Thacker Pass

Green Car Congress

The second tranche investment is expected to be made into Lithium Americas’ US-focused lithium business following the separation of its US and Argentina businesses and is contingent on similar conditions, including Lithium Americas securing sufficient capital to fund the development expenditures to support Thacker Pass.

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Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

This translates into over 600,000 in PEV sales expected in 2018, creating a new level of demand for which the market will need two new lithium mines in operation to even begin to satiate. Electrical Grid Connections. In January 2016, the big five controlled 90% of the market, with no significant producers outside these sources.

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