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BYD wins Chile lithium extraction contract

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

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

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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

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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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Johnson Matthey partners with Finnish Materials Group for second eLNO cathode plant; deals with Nornickel and SQM

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Finnish Mineral Group manages the Finnish state’s mining industry shareholdings and aims to create an integrated electric vehicle battery value chain in Finland. The agreement with SQM is to supply lithium hydroxide from its Salar del Carmen plant in Antofagasta, Chile. Securing lithium supply with SQM.

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Nature Materials editorial urges reconsideration of approach to battery regulation in Europe

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An open-access editorial in the journal Nature Materials observes that the porposed new regulations for the European battery industry could actually make the electrification of transport harder. At the same time, the EU has proposed new regulations on battery technologies that aim to also make the industry more sustainable and less polluting.

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