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

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Saudi Arabia Pursues Lithium to Fuel EV Ambitions – ET Auto

Baua Electric

Alkhorayef stated that he was unaware of any discussions with Chile regarding its lithium licenses. Minister of Industry and Mineral Resources Bandar Alkhorayef stated in an interview that attempts to secure domestic supplies were in early stages.

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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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India enters Argentina’s lithium market with INR 200 cr investment, eyes on rich lithium reserves – ET Auto

Baua Electric

Argentina is part of the “Lithium Triangle” along with Chile and Bolivia with more than half of the world’s total lithium resources and having the distinction of having 2nd largest lithium resources.

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China exported greater than 2 million automobiles in first part of 2023, BYD and Chery grew quickest

Baua Electric

Within the first part of this 12 months, China exported 2.14 BYD and Chery grew the quickest in export quantity Within the first six months of 2023, there have been seven Chinese language auto firms that exported greater than 100,000 automobiles, specifically SAIC, Chery, Tesla China, Changan, Superb Wall Motors, Geely, and Dongfeng.

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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. Leading carmakers, however, are among those looking for new lithium supplies in anticipation of future demand.

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

Baua Electric

Lithium prices rebounded this week for the first time in five months after tumbling from record highs, but new supply of the key mineral for electric vehicle (EV) batteries coming on stream is likely to weigh on the market next year. A decision by world No. in January, partly due to the end of EV subsidies, after 90% growth in 2022.

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