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Rio Tinto to acquire copper exploration assets and enter joint venture with Codelco in Chile

Green Car Congress

ADLF), a company with exploration tenements in Chile’s prospective Atacama region, and to enter a joint venture with Corporación Nacional del Cobre de Chile ( Codelco ) to explore and potentially develop Agua de la Falda’s assets. Rio Tinto has agreed to purchase Pan American Silver’s stake in Agua de la Falda S.A.

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Start-Up MOBI LATAM partners with EnergyX to develop Bolivian domestic lithium battery supply chain

Green Car Congress

Both companies will work towards creating a Bolivian domestic lithium battery supply chain to develop the region’s electric mobility market. Bolivia is lithium-rich; the USGS estimates identified lithium reserves in the country to be 21 million tons—ahead of Argentina and Chile, the other members of the “lithium triangle”.

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

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The Front-Loading Net Zero report states that electricity production costs could be reduced by up to 50% by 2050 if countries and states adopt 100% renewable systems faster than currently planned. Utilities should keep repeating steps 1 - 3 until their systems run on 80 – 90% renewables.

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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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BNEF: cost of new renewables rises as inflation starts to bite

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The cheapest renewable power projects in the first half of 2022 were able to achieve an LCOE of $19/MWh, as in best-in-class onshore wind farms in Brazil, and $21/MWh for tracking PV farms in Chile, and $57/MWh for offshore wind in Denmark. These cost hikes mark a rough patch for renewables, but not an inflection point.

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Rough road for EV industry

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We’re thinking about what this means for the world of batteries and all sorts of other components that are really mission critical for our company and our capability,” Ford CEO Jim Farley said last year. The company shut down orders after reaching 200,000 units, citing a shortage of lithium-ion batteries. The issue [now] is batteries.

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Arctic-ready version of Nissan Ariya EV unveiled for Pole to Pole expedition

Green Car Congress

British adventurers Chris and Julie Ramsey will cross 14 countries, through Canada, North, Central and South America to Punta Arenas in Chile before travelling to the edge of the Antarctic continent, then onward to the South Pole. Modifications to the car have been intentionally minimal, with no changes to the battery or powertrain.

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