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How will Chile nationalise its huge lithium industry?

Innovation News Network

In a shock move, Chile will nationalise its lithium industry to boost its economy and protect its environment. The post How will Chile nationalise its huge lithium industry? appeared first on Innovation News Network.

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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).

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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. In Chile, we have reached a run-rate of 180,000 metric tons of high-quality lithium products while working to further expand our lithium carbonate and lithium hydroxide capacity. As the company continues with lithium capacity expansion in Chile, it expects to invest approximately US$1.4

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UN report highlights urgent need to tackle impact of EV battery production boom

Green Car Congress

In Chile, lithium mining uses nearly 65% of the water in the country’s Salar de Atamaca region—one of the driest desert areas in the world—to pump out brines from drilled wells. It has also contributed to environment degradation, landscape damage and soil contamination, groundwater depletion and pollution. Brazilian mine.

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ADEME / IFPEN study examines non-geological risks in the security of lithium supplies based on electrification of global car fleet

Green Car Congress

ADEME, France’s Environment and Energy Management Agency, carried out a study with IFP Energies nouvelles (IFPEN) on the dynamics of lithium supply and demand, based on different scenarios for the electrification of the global car fleet by 2050. Further, vulnerabilities could emerge from increased competition among lithium buyers.

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Mexico forms state-run company to mine lithium: Litio para Mexico

Green Car Congress

The Board of Directors for LitioMx comprises the head of the Ministry of Energy, who will preside over it; the head of the Ministry of Finance and Public Credit; the head of the Ministry of Economy; the head of the Ministry of the Interior; and the head of the Ministry of Environment and Natural Resources. According to the USGS, Mexico has 1.7

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

EV MYTH ONE: Manufacturing EVs is just as bad for the environment as ICEVs. It makes sense that during their usable life, electric vehicles are better for the environment than their ICEV counterparts, as they aren’t powered by fossil fuels. EV MYTH TWO: Producing electricity for EVs is just as bad for the environment as using ICEVs.