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POSCO Holdings begins construction of $830M lithium plant in Argentina

Green Car Congress

Korea-based POSCO Holdings recently started construction of a lithium commercialization plant in Argentina. POSCO Group is the first to produce lithium hydroxide for batteries in Argentina throughout the entire process from the acquisition of mining rights to exploration, construction and operation of a production plant. Earlier post.)

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ADEME / IFPEN study examines non-geological risks in the security of lithium supplies based on electrification of global car fleet

Green Car Congress

According to the scenarios developed in this study , a high penetration of electric vehicles worldwide (up to 75% of the stock of vehicles in 2050) would not entail a geological supply risk, as reserves are sufficient in the long run. Production is currently concentrated between Australia (40%), Argentina and Chile (50% between them).

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

Green Car Congress

Australia’s Department of Industry, Science and Resources released the December 2022 edition of the Resources and Energy Quarterly (REQ). Lithium hydroxide prices are expected to lift from US$17,370 a tonne in 2021 to US$39,900 in 2022 and US$61,200 in 2023, moderating to US$48,500 by 2024. billion in 2021–22 to $16.1

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Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth. There is no doubt as to the push that Tesla has given the current automotive transition to electric vehicles (EVs). Electrical Grid Connections.

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Eramine Sudamerica joins Argentine lithium race with Salta plant – ET Auto

Baua Electric

Argentina, located on the so-called “lithium triangle” spanning Bolivia and Chile, is the world’s fourth-largest producer and has been drawing investment from foreign firms as far as Canada and China. Over half the world’s known lithium resources are in South America.

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Neo Lithium closes strategic investment with CATL; ~8% stake; 3Q project

Green Car Congress

Limited (CATL), whereby CATL, through a subsidiary controlled by CATL, subscribed for 10,217,503 common shares of Neo Lithium at a price of C$0.84 (NLC) announced the closing of a previously announced equity investment by China-based Contemporary Amperex Technology Co. per common share for gross proceeds to Neo Lithium of C$8,582,702 (US$6.7

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

Baua Electric

Demand for key-battery mineral lithium will continue to grow, underpinned by strong adoption of electric vehicles but the price of the metal is expected to be volatile, Rio Tinto CEO Jakob Stausholm said on Sunday. Argentina has the world’s largest share of salt lake lithium resources.

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