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Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

Green Car Congress

China’s Tsingshan , the world’s largest producer of stainless steel, will invest $375 million to build a lithium plant in Argentina with French multinational mining and metallurgy company Eramet. Our decision to carry out our lithium project in Argentina is in line with the dynamic of strong market growth. Background.

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Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22

Green Car Congress

Higher prices for lithium and other key battery materials (such as nickel, graphite and cobalt) continue to put upward pressure on the cost of batteries which in turn is putting upward pressure on EV prices, the report notes. This rapid growth is forecast to be met by gains in output by Australia, Chile and Argentina.

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Nio buys 12% stake in lithium mining company

Teslarati

Greenwing plans to use 80% of the funds from Nio’s purchase for its San Jorge Lithium Project in Argentina. The remaining portions of the funds will be used for general working capital purposes and costs of the proposed transaction.

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BYD to build new $1.2B battery factory in China

Teslarati

The environmental fillings found on a local Chinese government website state that the project will come at an expected cost of 8 billion yuan ($1.2 The Chinese automaker will also be entering the South American market, selling its EVs and PHEVs in countries like Argentina and Brazil.

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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

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Toyota Tsusho to acquire 15% stake in lithium miner Orocobre for US$232 million

Green Car Congress

Toyota Tsusho and Orocobre have been long-term partners in the development of the Salar de Olaroz Lithium Facility in Jujuy Province in northern Argentina, a lithium brine project, which was brought into successful production in 2014. Lithium brine operations typically have a much lower cost of production than hard-rock lithium deposits.

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Daimler & Renault-Nissan Alliance expand cooperation to 1-ton pickup trucks

Green Car Congress

The Mercedes-Benz 1-ton pickup truck will be built by Nissan in the Renault plant in Cordoba, Argentina, along with the Nissan NP300 and the Renault 1-ton truck, for Latin America. A high parts localization rate is expected to expand the supply bases in Spain and Argentina significantly.

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