article thumbnail

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

Baua Electric

The company purchased the Rincon project from Rincon Mining in 2022 for USD 825 mn, and plans to develop a battery-grade lithium carbonate plant with an annual capacity of 3,000 tons. Rio Tinto said it is working with local communities and authorities to ensure environmental standards.

article thumbnail

Argosy Minerals announces first shipment of lithium carbonate from Rincon project

Green Car Congress

lithium carbonate product from its industrial-scale pilot plant operations at the Rincon Lithium Project in Salta Province, Argentina. Argosy has a current 77.5% (and ultimate 90%) interest in the Rincon Lithium Project in Salta Province, Argentina and a 100% interest in the Tonopah Lithium Project in Nevada.

Carbon 259
article thumbnail

Rio Tinto completes acquisition of Rincon lithium project for $825M

Green Car Congress

Rio Tinto has completed the acquisition of the Rincon lithium project in Argentina for $825 million, following approval from Australia’s Foreign Investment Review Board (FIRB). It has the potential to have one of the lowest carbon footprints in the industry. Earlier post.). —Rio Tinto Chief Executive Jakob Stausholm.

Argentina 195
article thumbnail

BYD the recommended company for Argentinian tender for 50 electric buses

Green Car Congress

BYD has been officially selected as the recommended company by the evaluation committee in Argentina for the purchase of 50 electric buses on behalf of the Ministry of Environment. In November 2011, the company signed its first MOU with the Ministry of Industry and the Secretary of Transport.

BYD 150
article thumbnail

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

Green Car Congress

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
article thumbnail

Balqon Receives Initial $490,000 Purchase Order for Heavy-Duty Electric Drive Systems From New China-Based Distributor

Green Car Congress

The relationship with DynaProTech comes at a time where China is expected to increase spending in the alternative-energy vehicle industry. billion) in the alternative-energy vehicles industry during the next 10 years. DynaProTech represents the sixth international dealer agreement Balqon has established since the beginning of 2010.

article thumbnail

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

Baua Electric

If rich democracies wanted to build a clean-energy industry free of Beijing’s influence, they should have had their checkbooks out when miners and processors were starved of cash during the 2010s. The global lithium industry is so interwoven with Chinese capital now that it’s going to be impossible to unpick. Take Albemarle Corp.,

China 52