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BYD secures preferential prices for lithium battery raw materials in Chile

CN EV Post

BYD's project in Chile is designed to produce 50,000 tons of lithium iron phosphate cathode material per year, with an estimated investment of at least $290 million. Image credit: CnEVPost) BYD received preferential prices for lithium carbonate in Chile, where it was awarded a lithium mining contract a year ago in the lithium-rich country.

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

Baua Electric

Companies must also grapple with a soft patch for lithium prices amid a slowdown in EV sales, which has changed the calculus for ensuring economically viable projects. ” Chile’s Mining Ministry did not immediately respond to a request for comment. “This will pose a difficulty for attracting potential investors.”

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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. The group’s share price has slid around 30% in the last 12 months.

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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 the company continues with lithium capacity expansion in Chile, it expects to invest approximately US$1.4 Gross profit reached US$5,736.6

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Albemarle granted permit to increase lithium brine extraction rates in Chile; MOU for 27-year lithium quota

Green Car Congress

Albemarle Corporation, a premier specialty chemicals company and leader in the production of lithium and lithium derivatives, has been granted approval by the Environmental Assessment Commission (CEA) of the Antofagasta Region to increase its currently authorized lithium brine extraction rate at the company's facility in the Salar de Atacama, Chile.

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Galaxy notes lithium carbonate prices in China rose 17% over last 12 months

Green Car Congress

Lithium producer Galaxy Resources Ltd says prices for both technical and battery grade lithium carbonate in its key market, China, have risen significantly on the back of tight demand and supply fundamentals, with current prices up almost 17% on the same time last year. —Galaxy Managing Director Iggy Tan.

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Australia forecasts lithium export earnings of $16B in 2022-23, up from $5B in 2021-22

Green Car Congress

Among the lithium-specific findings of the report: Spodumene prices are estimated to rise from an average of US$598 a tonne in 2021 to US$2,700 a tonne in 2022, and US$4,010 a tonne in 2023 before moderating to US$3,130 in 2024. This rapid growth is forecast to be met by gains in output by Australia, Chile and Argentina.

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