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India to send teams to Chile seeking lithium and copper assets, source says – ET Auto

Baua Electric

India will send two delegations next month to Chile to scout for lithium and copper resources, a government source said, as rapid economic expansion and New Delhi’s efforts to speed up the energy transition stoke demand for critical minerals. Kantha Rao, the most senior official at the Ministry of Mines, said last week. USD 1 = 83.30

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Chile needs to finalize more lithium plan details to spur investment, miners say – ET Auto

Baua Electric

Chile in April will begin seeking proposals from private firms interested in extracting lithium, a key energy transition material used in electric vehicle batteries, from 26 salt flats not earmarked for state control, officials said on Tuesday. ” Chile’s Mining Ministry did not immediately respond to a request for comment.

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Copper output at Chile’s Codelco set to rise this year, CESCO says – ET Auto

Baua Electric

That goal appeared realistic, said Jorge Cantallopts, head of the Center for Copper and Mining Studies (CESCO) in Chile, the world’s top producer of the red metal. That goal appeared realistic, said Jorge Cantallopts, head of the Center for Copper and Mining Studies (CESCO) in Chile, the world’s top producer of the red metal.

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Chile’s SQM updates shareholders over delayed Codelco lithium deal – ET Auto

Baua Electric

Chile’s SQM on Thursday told shareholders it pushed back a deadline for a lithium deal with state-run copper producer Codelco due to the “complexity of the negotiation,” including ongoing audits. The companies were set to announce final terms by March 31, but on Wednesday extended that deadline to the end of May.

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Protest ends at Chile’s lithium salt flats with promise of Boric visit – ET Auto

Baua Electric

The protest underscored a serious challenge to a plan by Chile, the No. Protesters agreed to end demonstrations that had blocked access to the Atacama salt flat in Chile , the world’s largest lithium deposit, with the promise of a visit by President Gabriel Boric. No timing was given for the visit.

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Chile’s SQM posts profit down 82% as lithium prices slide – ET Auto

Baua Electric

Chile’s SQM , the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks. Revenue for the period fell 58% to USD 1.31 billion, also lagging LSEG’s USD 1.35

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Italy’s Iren, Australia’s Altamin sign MoU for lithium recovery – ET Auto

Baua Electric

The European Union and Italy are highly dependent on foreign imports of the metal, which is largely produced in Australia, Chile and China. “The project with Altamin is among the first European projects to connect industrial needs and circular economy processes,” Iren Chairman Luca Dal Fabbro said in the statement.

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