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Stellantis makes $155M investment in McEwen Copper Argentina project

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Stellantis announced a $155-million investment in a copper project located in Argentina, which will make a major contribution to the company’s plan to become carbon net zero by 2038. Los Azules is an advanced-stage porphyry copper exploration project in the San Juan pro-mining province of Argentina. The company is acquiring a 14.2%

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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. The industry is being impacted largely by the uncertainty for the future, and this issue started to arise even before the pandemic took hold. million units.

Europe 261
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Rio Tinto to acquire Rincon Mining lithium project for $825M

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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
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Nuseed secures commercial offtake agreement for carinata with leading biodiesel producer Saipol

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Nuseed Limited, a wholly-owned subsidiary of Nufarm Limited, has executed a commercial off-take agreement with Saipol, the largest biodiesel producer in Europe, to supply Nuseed Carinata as a feedstock for certified low-carbon oil for renewable fuels and high protein non-GMO meal for livestock feed. —Saipol CEO, Christophe Beaunoir.

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

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More generally, vulnerabilities economic, industrial, geopolitical or environmental issues are still possible. Production is currently concentrated between Australia (40%), Argentina and Chile (50% between them). Further, vulnerabilities could emerge from increased competition among lithium buyers.

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GlobalData: growing global electric vehicle market will more than double lithium demand over the next 5 years

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through to 2022, driven by the growing popularity of EVs across countries in Asia-Pacific (APAC) and Europe. This in turn will result in increased consumption of lithium and support investment in mine expansions across Chile and Australia and new mine development in Chile, Australia, Argentina and Canada. In 2017, 1.1 million by 2022.

Global 284
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Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22

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Australia’s Department of Industry, Science and Resources released the December 2022 edition of the Resources and Energy Quarterly (REQ). Despite the spread of new battery manufacturing capacity into Europe and the US, Asia remains the major source of demand for lithium.

Australia 281