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S&P Global: US faces new challenges meeting increased demand for critical minerals spurred by IRA

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However, ensuring enough qualifying supply to meet that demand faces “considerable challenges,” according to a new analysis by S&P Global. Source: Inflation Reduction Act: Impact on North America Metals and Minerals Market Demand for copper will be 12% higher by 2035 than pre-IRA projections.

Global 370
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HIF Global begins approval process for its first eFuels manufacturing facility in Australia; third globally

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E-fuels company HIF (Highly Innovative Fuels) Global has begun the development of Australia’s first large-scale, carbon-neutral eFuels production facility in Tasmania. Our global plan is to produce over 8 billion liters a year of carbon-neutral eFuels—enough to decarbonize 5 million vehicles. Earlier post.). Earlier post.).

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BASF and Catholic University of the North in Chile collaborate on mining research, development and innovation

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BASF and the Catholic University of the North (UCN) in Antofagasta, Chile, have signed a collaboration agreement to promote research, development and innovation in mining. This alliance offers us the opportunity to connect with a leading company on a global scale, so it is a mutually beneficial relationship.

Chile 259
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President of Mexico nationalizes lithium

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Sonora hosts virtually all Mexico’s lithium resources—8.82Mt lithium carbonate equivalent (LCE) or 1.66Mt lithium metal. According to the resource assessment report of SRK Consulting (UK), the total lithium resource of the project is approximately 8.82

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GlobalData: Global lithium production to triple over the next four years

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per annum, global output is expected to triple between 2018 and 2022 to reach 154kt (metal content), as 86kt of new metal capacity comes on stream to meet the increasing demand for the metal for use in batteries in electric vehicles and smartphones. Identified lithium resources in Argentina are 9.8 million tons.

Chile 240
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Iran announces first lithium reserve in country; projected 8.5 million tonnes

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million tons of lithium; if realized, this would rank Iran behind Chile (11 millions tons) and ahead of Australia (7.9 million tons) in terms of global lithium resources, according to USGS figures. The reserve is believed to hold 8.4 Hamadan province is located in the Zagros Mountains in the Northwest of Iran.

Iran 334
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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.

Supplies 236