Remove Auto Remove Chile Remove Global Remove Parts
article thumbnail

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.

Water 52
article thumbnail

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

Chile 52
article thumbnail

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.

article thumbnail

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 Charlotte, North Carolina-based miner whose processing plant Yellen visited during her trip to Chile.

China 52
article thumbnail

Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

Baua Electric

Saudi Arabia, whose economy for decades has relied on oil, has spent billions on trying to turn itself into a hub for EVs as part of Saudi Crown Prince Mohammed bin Salman’s attempts to find alternative sources of wealth. China is the biggest processor and consumer of lithium, needed for electric and hybrid vehicles.

article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 million units, aided with increased auto finance penetration, fast dealership expansion and government vehicle scrappage programs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. million, an increase of 2.4%

2015 150
article thumbnail

Lithium prices bounce after big plunge, but surpluses loom – ET Auto

Baua Electric

Global EV sales jumped 55% last year to 10 million and are expected to climb another 35% this year. 2 producer Chile to nationalise its lithium sector may curb long-term supply growth, but it is not expected to have an immediate impact, analysts said. A decision by world No. A decision by world No. year-on-year in the first quarter.

Price 40