article thumbnail

Rio Tinto to invest USD 350 million in Argentina lithium project – ET Auto

Baua Electric

Global miner Rio Tinto will invest USD 350 million at its Rincon lithium plant in Argentina as it works to begin production by the end of the year, the company said this week following Chief Executive Jakob Stausholm ‘s visit to the site.

article thumbnail

Ganfeng Lithium plans to buy stake in Proyecto Pastos Grandes – ET Auto

Baua Electric

Established in 2016, PGCO owns two lithium projects in Argentina – the Pastos Grandes lithium project and Cauchari East lithium project, according to Ganfeng. in a subsidiary of Lithium Americas Argentina Corp, as China’s leading lithium producer ramps up its efforts to secure resources.

Buy 52
article thumbnail

India enters Argentina’s lithium market with INR 200 cr investment, eyes on rich lithium reserves – ET Auto

Baua Electric

Argentina is part of the “Lithium Triangle” along with Chile and Bolivia with more than half of the world’s total lithium resources and having the distinction of having 2nd largest lithium resources. The signing took place in Catamarca, Argentina, in the presence of Catamarca’s Governor Lic. Raul Jalil, Vice Governor Eng.

India 52
article thumbnail

India to send teams to Chile seeking lithium and copper assets, source says – ET Auto

Baua Electric

million) lithium exploration pact for five blocks in Argentina. KABIL, which is currently setting up an office in Argentina, is also in talks with another company in the Latin American country for lithium exploration, the source said. (USD In January, KABIL signed a 2-billion-rupee (USD 24.01 USD 1 = 83.30

Chile 52
article thumbnail

Rio Tinto CEO bullish on lithium but not eyeing big acquisitions – ET Auto

Baua Electric

Rio Tinto is developing the Rincon project, a lithium-brine mine in Argentina where it plans to develop a battery-grade lithium carbonate plant with an annual capacity of 3,000 tonnes. Argentina has the world’s largest share of salt lake lithium resources. And therefore you need more lithium,” Stausholm added.

Serbia 52
article thumbnail

India faces uphill battle in Lithium mining and exploration – ET Auto

Baua Electric

India is striving to establish reliable lithium supply to bolster its growing electric vehicle (EV) industry with its recent INR 200 crore investment in lithium exploration in Argentina by the Ministry of Mines. Argentina has brine deposits, for which the extraction and processing technology is well proven.

India 52
article thumbnail

Kazakhstan can meet India’s demands for rare-earths – ET Auto

Baua Electric

India has recently entered into a deal with Argentina for sourcing rare earth metals. Download ETAuto App Get Realtime updates Save your favourite articles Scan to download App The post Kazakhstan can meet India’s demands for rare-earths – ET Auto appeared first on Bauaelectric Auto News.