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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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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 It further strengthens our long-term commitment and focus on our Project as we work together with CATL to bring 3Q into full development by building a comprehensive financing plan.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. million, an increase of 2.4%

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

Green Car Congress

Demand growth to date has seen the lithium price more than doubled in the past few years. 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.

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It’s too late to China-proof the lithium supply chain – ET Auto

Baua Electric

billion) into a financing facility to support exports. The global lithium industry is so interwoven with Chinese capital now that it’s going to be impossible to unpick. China itself trails Australia and Chile as the third-biggest producing nation, while Chinese capital was instrumental in lifting Argentina to fourth place.

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Westport Acquires OMVL of Italy and 100% of Juniper Engines for 19M; Launching a Light-Duty Automotive Strategy for Alternative Fuel Engines

Green Car Congress

Juniper will grow the business through new OEM relationships and continued strong aftermarket sales, leveraging OMVL’s capabilities and assembly facilities in Italy and Argentina that today supply Europe, Asia and the Americas. The total purchase price of approximately US$23.4 In 2009, Juniper Engines introduced its new 2.0-liter

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DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Green Car Congress

DNV GL has released a position paper on the future alternative fuel mix for global shipping. The global merchant fleet currently consumes around 330 million tonnes of fuel annually, 80-85 per cent of which is residual fuel with high sulfur content. Well-to-Propeller GHG emissions results for marine alternative fuels. Source: DNV GL.