article thumbnail

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

Green Car Congress

SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs). Earlier post.).

Supplies 293
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

BMW Group to source lithium from Livent

Green Car Congress

Livent will supply the lithium directly to the BMW Group’s battery cell manufacturers from 2022 on. 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. View of the salt lake Salar del Hombre Muerto in northern Argentina.

BMW 273
article thumbnail

Argentina’s largest ethanol plant begins operations; Vogelbusch technology

Green Car Congress

has begun operations of its new bioethanol plant in Alejandro Roca in the central Córdoba province of Argentina. The corn ethanol plant, which uses technology from Vogelbusch Biocommodities, has a nameplate capacity of 420,000 liters (111,000 gallons US) per day, making it the largest of its kind in Argentina. Promaíz S.A.

Argentina 239
article thumbnail

International Lithium Association (ILiA) established to be the voice of the global lithium industry

Green Car Congress

The Association will include Members from the entire supply chain: from resource to the end-users. Traces of this element are present in nearly all minerals, brines, clays and sea water. The crust of earth contains an average of about 60 parts per million (ppm) or 0.006% while sea water typically contains 0.18 ppm Li (0.0018%).

article thumbnail

Total greenlights Vega Pleyade gas field development offshore Tierra del Fuego

Green Car Congress

Total (operator, 37.5%) has made the final investment decision to develop the Vega Pleyade gas and condensate field offshore Tierra del Fuego, Argentina in the Southern Atlantic. Present in Argentina since 1978, Total, through its affiliate Total Austral, operates 30% of that country’s gas production.

Argentina 199
article thumbnail

GM leaps ahead in lithium mining race, secures next-gen extraction deal

Teslarati

With the demand for lithium expected to surpass supply by 2030, automakers have never been more pressed to secure the resource , especially as it becomes increasingly essential for the future of their business, specifically regarding the production of electric vehicles.

GM 99