Remove Argentina Remove Cost Remove Low Cost Remove Production
article thumbnail

Allkem and Livent to merge to create $10.6B lithium producer, one of world’s largest

Green Car Congress

The merger will create a leading global lithium chemicals producer that will target large automotive companies and look to accelerate supply growth in Canada and Argentina. billion and adjusted EBITDA of approximately US$1.2 billion.

Argentina 284
article thumbnail

Rio Tinto to acquire Rincon Mining lithium project for $825M

Green Car Congress

Rio Tinto has entered into a binding agreement to acquire the Rincon lithium project in Argentina from Rincon Mining , a company owned by funds managed by the private equity group Sentient Equity Partners, for $825 million. The project is a long-life, scaleable resource capable of producing battery-grade lithium carbonate.

Argentina 259
article thumbnail

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). We will be working with local communities, the Province of Salta and the Government of Argentina as we develop this project to the highest ESG standards.

Argentina 195
article thumbnail

Rio Tinto starts demonstration plant in Québec for new spodumene concentration process

Green Car Congress

Rio Tinto has started producing spodumene concentrate, a mineral used in the production of lithium for batteries, at a demonstration plant in its Rio Tinto Iron and Titanium (RTIT) Québec Operations in its metallurgical complex in Sorel-Tracy, Canada. —RTIT Managing Director Stéphane Leblanc.

Serbia 199
article thumbnail

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. The measured and indicated resource of 6.4

Toyota 207
article thumbnail

Aemetis upgrades India biodiesel plant

Green Car Congress

an advanced fuels and renewable chemicals company based in California, has upgraded its 50 million gallon per year capacity biodiesel and refined glycerin production facility in Kakinada, India to produce high-quality distilled biodiesel. Aemetis, Inc., — Eric McAfee, Chairman and CEO of Aemetis.

India 218
article thumbnail

Toyota Group Company to Form JV with Australian Lithium Resource Developer to Secure Access to Competitive Lithium Carbonate Production

Green Car Congress

Orocobre Limited , an Australian minerals exploration company with a focus on developing “best of class” Lithium, Potash and Boron resources in Argentina, and a Toyota Group Company, Toyota Tsusho Corporation, will establish a joint venture to develop Orocobre’s flagship Salar de Olaroz Lithium-Potash Project in Argentina.

Toyota 199