article thumbnail

Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

Green Car Congress

China’s Tsingshan , the world’s largest producer of stainless steel, will invest $375 million to build a lithium plant in Argentina with French multinational mining and metallurgy company Eramet. Volume produced will be marketed by each shareholder based on their respective shareholding in the project. Background.

Argentina 335
article thumbnail

Ultra Lithium assays up to 417 ppm Lithium in drill hole at the Laguna Verde brine lithium project in Argentina

Green Car Congress

Vancouver-based Ultra Lithium announced the brine sampling results from a drill hole at its 100% owned Laguna Verde brine lithium project in Catamarca Province, Argentina. The Laguna Verde project is the flagship project of the company and one of the company’s 100%-owned brine lithium projects in Argentina. Laguna Verde project site 1.

Argentina 221
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). We will be working with local communities, the Province of Salta and the Government of Argentina as we develop this project to the highest ESG standards.

Argentina 195
article thumbnail

Shell starts production at Vito in US Gulf of Mexico; new, simplified design

Green Car Congress

With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform in the GoM to employ a simplified, cost-efficient host design. Vito is Shell’s 13 th deep-water host in the Gulf of Mexico. Shell announced a final investment decision (FID) on the Vito project in April 2018.

Mexico 221
article thumbnail

BMW Group to source lithium from Livent

Green Car Congress

Now, the company is broadening its supplier base and additionally sourcing lithium from Argentina, where the raw material is obtained from brine from salt lakes. Livent employs an innovative method that emphasizes sustainable water use and minimizes the impact on local ecosystems and communities.

BMW 273
article thumbnail

Satellite view of Silver Peak lithium mine

Green Car Congress

Brine operations, mostly in Chile and Argentina, generate about 75% of worldwide production. Color variations in the ponds are due to varying concentrations of lithium in the water; lighter blue ponds have higher concentrations of lithium. The mine pumps brine to the surface and shunts it into a series of shallow evaporation ponds.

Chile 259
article thumbnail

SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

Green Car Congress

Established in 1997, Lake Resources currently develops four lithium brine projects in Argentina. The DLE technique from Lilac Solutions delivers a noticeable reduction in brine, water use and land use as its extraction process includes brine reinjection. million electric vehicles (EVs).

Supplies 293