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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 electric vehicle sales continue to grow, we now expect the lithium demand to reach almost 1.5 million—almost 7x the US$585.5

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Eramine Sudamerica joins Argentine lithium race with Salta plant – ET Auto

Baua Electric

Argentina, located on the so-called “lithium triangle” spanning Bolivia and Chile, is the world’s fourth-largest producer and has been drawing investment from foreign firms as far as Canada and China. Over half the world’s known lithium resources are in South America.

Bolivia 52
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Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

Green Car Congress

In a forecast of the Lithium market through 2017, Roskill Information Services estimates that rechargeable batteries will, in the base-case growth scenario, contribute 75% of the growth in forecast lithium demand to 2017, when total demand for lithium is expected to reach slightly more than 238,000t lithium carbonate equivalent (LCE).

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Oversold Lithium could be about to rally

Green Car Congress

Shares of major lithium producers and explorers including Sociedad Química y Minera de Chile (NYSE:SQM), Albemarle Corp. Many Chinese brine producers in the Qinghai region had outlined plans to triple or quadruple capacities over the coming 3-4 years. Lithium carbonate prices will steady in 2019 before picking up steam starting 2020.

2018 278
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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. Battery-grade lithium carbonate prices in China rose 10.6% A decision by world No.

Price 40
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Climate impact of lithium-ion batteries & how to measure it 

Electric Vehicles India

However, electric vehicles basically are emission-free at least when they are powered by electricity generated from renewable sources such as wind, solar, etc. As the average energy mix in Europe is less carbon-intensive primarily as it has a high share of hydro and nuclear power. Climate impact of lithium-ion batteries.

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Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

Price doubling from 2014/2015 was first seen in China and is now being felt worldwide, with lithium hydroxide prices from $16-20 and carbonate prices from $12-14 thousand USD per ton. There is no doubt as to the push that Tesla has given the current automotive transition to electric vehicles (EVs). Automotive Thrust.

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