Remove Battery Remove Carbon Remove Chile Remove Industry
article thumbnail

BYD wins Chile lithium extraction contract

Green Car Congress

Chile’s Ministry of Mining awarded China-based BYD a contract to extract up to 80,000 tons of metallic lithium. The other lithium extraction contract, also for 80,000 tons, went to Chile-based Servicios y Operaciones Mineras del Norte SA, for an offer of US$60 million. million tons, according to the US Geological Survey (USGS).

Chile 199
article thumbnail

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

Baua Electric

Industry players said they are seeking information on how contracts will be awarded by officials in the country that is the world’s second-biggest lithium producer and are worried about pushback from Indigenous communities and environmental campaigners. “This will pose a difficulty for attracting potential investors.”

Chile 52
article thumbnail

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

Chile 52
article thumbnail

Consortium led by POSCO, Samsung SDI to build $54M cathode materials plant in Chile for EVs

Green Car Congress

A consortium led by South Korea’s POSCO and Samsung SDI, and including China’s Sichuan Fulin Industrial Group and Chile’s Molyment, has won a bid to build a cathode materials plant in Chile to support that country’s Li-ion batteries project. POSCO has also acquired a 4.75% stake in the mining company.

Chile 186
article thumbnail

International Lithium Association (ILiA) established to be the voice of the global lithium industry

Green Car Congress

The world has entered the “lithium century” almost without noticing it, but until now this critical industry lacked a central voice. The Association will include Members from the entire supply chain: from resource to the end-users. ppm Li (0.0018%).

article thumbnail

Lithium producer SQM’s net income in 2022 soars almost 7x from 2021 to $3.9B

Green Car Congress

Sociedad Química y Minera de Chile S.A. SQM), one of the largest producers of lithium carbonate in the world, reported earnings for the twelve months ended 31 December 2022 of US$3,906.3 As the company continues with lithium capacity expansion in Chile, it expects to invest approximately US$1.4 Gross profit reached US$5,736.6

Chile 284
article thumbnail

Compass Minerals signs non-binding agreement to supply LG Energy Solution with battery-grade lithium product starting in 2025

Green Car Congress

Under the terms of the MoU, Compass Minerals would supply LGES with with a battery-grade lithium product from its lithium brine development project at its Ogden, Utah, solar evaporation facility. Securing key raw materials has become critically important, in order to maintain our lead position in the global battery market.

Supplies 199