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Tesla lands in Chile, its first appearance in South America

Teslarati

Tesla has officially landed in Chile, marking the first time it has appeared in a South American country as it continues to expand to new markets. Experts believe that pricing is the big holdup, and once price parity is reached, EV adoption will soar. Tesla llega hoy a Chile. I’d love to hear from you!

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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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Copper prices rise to 10-year high, near record

Green Car Congress

The price of copper on the London Metal Exchange (LME) rose to $9,990/t on 29 April, marking a ten-year high and closing in on the record high LME price of $10,147.50/t In its new Copper Monthly Insights , Roskill said that the ongoing surge in copper pricing is taking impetus from President Biden’s new CO 2 targets.

Price 418
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LME copper prices at 9-year high

Green Car Congress

On 19 February, LME cash prices for copper hit a nine-year peak of US$8,806.50/t. Strong ocean swells delayed the loading of concentrate and refined metal shipments onto vessels from Chile and Peru during January, while delays of up to three months are reported in Ningbo port for containerized scrap to be inspected and cleared by customs.

Price 399
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Compass Minerals signs non-binding agreement to supply LG Energy Solution with battery-grade lithium product starting in 2025

Green Car Congress

Under the terms of the MoU, Compass Minerals would supply LGES with with a battery-grade lithium product from its lithium brine development project at its Ogden, Utah, solar evaporation facility. As outlined in the MOU, purchase pricing would be based on market price and sales volume thresholds would be dependent upon product qualifications.

Supplies 199
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Another Tesla price cut possible thanks to plummeting lithium prices

Teslarati

Tesla is poised to benefit from rapidly dropping lithium prices, particularly in China, where the automaker produces nearly half of its vehicles. Hence, the price of EVs has become intertwined with the cost of lithium , which has slowly become cheaper thanks to massive investments worldwide. But how could this affect Tesla pricing?

Price 138
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Roskill: COVID-19 could wipe out US$1.0B of lithium supply in 2020

Green Car Congress

Using Roskill’s latest quarterly price forecast for lithium carbonate (published in late-March 2020), this equates to a value loss of approximately US$960 million. >. Roskill anticipates 2020 production losses in Chile to be kept below 20%.

2020 186