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

Baua Electric

Chile in April will begin seeking proposals from private firms interested in extracting lithium, a key energy transition material used in electric vehicle batteries, from 26 salt flats not earmarked for state control, officials said on Tuesday. “This will pose a difficulty for attracting potential investors.”

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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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Argonne study compares life cycle emissions of battery-grade lithium carbonate and lithium hydroxide from brines and ores

Green Car Congress

Researchers at Argonne National Laboratory have conducted life cycle analyses (LCAs) for battery-grade lithium carbonate (Li 2 CO 3 ) and lithium hydroxide monohydrate (LiOH•H 2 O) produced from Chilean brines (Salar de Atacama) and Australian spodumene ores. This information will help us achieve our goal of being carbon neutral by 2030.

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Rockwood Holdings to invest $140M in new lithium carbonate plant in Chile

Green Car Congress

plans to invest $140 million in a new lithium carbonate production plant in Chile. The new investment, along with the company’s current $75-million expansion program in the United States, will increase total annual production capacity to 50,000 metric tons of lithium carbonate equivalent by end of 2013. Rockwood Holdings, Inc.

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ExxonMobil and Porsche testing biofuels and lower-carbon eFuel in race conditions

Green Car Congress

ExxonMobil and Porsche are testing advanced biofuels and renewable, lower-carbon eFuels as part of a new agreement to find pathways toward potential future consumer adoption. Porsche and ExxonMobil’s collaboration will also focus on eFuels, which are synthetic fuels made from hydrogen and captured carbon dioxide. Earlier post.).

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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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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.

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