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Saudi mining minister to visit Chile in July, says source – ET Auto

Baua Electric

Chile is the world’s second-biggest producer of lithium, a material key to making the batteries that power EVs. Chile is the world’s second-biggest producer of lithium, a material key to making the batteries that power EVs. Enami said it has not received any meeting requests from Saudi officials or companies.

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Chile’s lithium dreams raise water concerns in the desert – ET Auto

Baua Electric

The desert holds the main deposits of the mineral in Chile, which is part of Latin America’s “lithium triangle” with Argentina and Bolivia. Chile is seeking to retake its position as the world’s top lithium producer, but environmentalists fear extraction in the Atacama desert will harm fragile ecosystems there.

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

Baua Electric

“Parts of our key supply chains, including for clean energy, are currently over-concentrated in China,” US Treasury Secretary Janet Yellen said earlier this month during a visit to Chile, home to the largest lithium reserves. The global lithium industry is so interwoven with Chinese capital now that it’s going to be impossible to unpick.

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

Baua Electric

Global miner Rio Tinto will invest USD 350 million at its Rincon lithium plant in Argentina as it works to begin production by the end of the year, the company said this week following Chief Executive Jakob Stausholm ‘s visit to the site.

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China’s economic stimulus to spark robust copper consumption in 2024 – ET Auto

Baua Electric

The report also highlights that global copper supply may face disruptions due to issues in major producing countries like Chile , Peru, and Panama. In Chile, operational challenges and water supply issues are impacting mine production, while community actions in Peru are expected to affect mining investments and output negatively.

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Joy e-bike maker to develop hydrogen scooter, eyes global expansion | Autocar Professional

Baua Electric

Sanjay Sablok, President, Operations, at Wardwizard Innovations & Mobility Limited, while speaking with Autocar Professional on the sidelines of an industry event, revealed plans to develop a hydrogen-fuelled electric scooter within the next 2–3 years.