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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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According to GlobalData, the global EV market is expected to grow at a substantial CAGR of 15.6% The company projects that China will lead the global EV market with more than 50% share and grow three times as fast as the US over the next five years. of global sales, followed by Germany (4.8%) and the UK (4.1%). In 2017, 1.1

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

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 North America continues to be an impetus to global light vehicle demand levels. Uncertainty lingers over Argentina, Brazil, Chile and Venezuela for 2015. As a result, IHS Automotive is expecting 2015 sales in Argentina of roughly 500,000 units.

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Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

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Global production of biofuels increased 17% in 2010 to reach an all-time high of 105 billion liters (28 billion gallons US), up from 90 billion liters (24 billion gallons US) in 2009. of all global fuel for road transportation—an increase from 2% in 2009, according to the report. Source: Worldwatch Institute. Click to enlarge.

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Soros signals Argentina’s shale is biggest place to be; doubles stake in YPF SA

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George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the world’s largest shale oil and gas resources, and is about to get even larger following a new discovery over the last couple of weeks of a second key shale play. Earlier post.]. It now controls 3.5

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Neo Lithium engages Worley to complete feasibility study of 3Q project

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Neo Lithium has engaged Worley to complete a comprehensive DFS on its flagship, high-grade lithium brine project, 3Q, in Catamarca, Argentina. Worley is a leading global engineering firm and has been involved in all aspects of lithium brine operations which will be invaluable in executing our DFS.

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The Next Big Offshore Boom Is About To Happen in Brazil

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Wood Mackenzie estimated the capital spending cuts for the global oil and gas industry at a stunning $1 trillion , and that estimate was made in the middle of last year. This should be indication enough that Brazil’s deposits hold enough appeal for an industry that has suffered a worrying shortage of new discoveries in the last few years.

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USDA Long-Term Projections See Ongoing But Slower Growth in Corn Use for Ethanol

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USDA’s projections assume the ethanol tax credit (reduced to $0.45/gallon Less than half this volume is assumed to be from domestic first-use vegetable oils, partly due to the equalization of the biodiesel tax credit ($1.00 Normal weather also is assumed throughout the projection period.