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From 2016-2019, more than 90% of the lithium imported to the United States came from Argentina (55%) and Chile (36%). Although use of these minerals is not restricted to battery production for EVs, they are nonetheless important for meeting the increasing demand for EV production.
South Korea-based steelmaker POSCO will invest US$830 million in a lithium hydroxide plant in Argentina. POSCO bought lithium mining rights in Argentina from Australian lithium miner Galaxy Resources for $280 million in 2018. The plant will be constructed by the first half of 2024. Initially, POSCO estimated that the site had 2.2
Korea-based POSCO Holdings recently started construction of a lithium commercialization plant in Argentina. POSCO Group is the first to produce lithium hydroxide for batteries in Argentina throughout the entire process from the acquisition of mining rights to exploration, construction and operation of a production plant. Earlier post.)
Stellantis announced a $155-million investment in a copper project located in Argentina, which will make a major contribution to the company’s plan to become carbon net zero by 2038. Los Azules is an advanced-stage porphyry copper exploration project in the San Juan pro-mining province of Argentina. The company is acquiring a 14.2%
Marking the first overseas on-road trial of an Equipmake-developed electric bus, the zero-emission single decker is set to start in-service running in Argentina’s capital in Q3 of this year.
China’s Tsingshan , the world’s largest producer of stainless steel, will invest $375 million to build a lithium plant in Argentina with French multinational mining and metallurgy company Eramet. Our decision to carry out our lithium project in Argentina is in line with the dynamic of strong market growth. Background.
Akerson was joined by Argentina President Cristina Fernández de Kirchner; GM South America President Jaime Ardila; and GM Argentina President Isela Costantini. GM Argentina produced a record of more than 136,000 vehicles at its Rosario facility in 2011. —Isela Costantini.
Argentina state-owned energy company YPF and Dow Chemical have signed a memorandum of understanding jointly to develop shale gas in the Vaca Muerta. In December, YPF and Bridas, an Argentina-based oil and gas company 50% owned by China National Offshore Oil Corporation, agreed to invest $1.5 Earlier post.).
has signed a letter of intent to become the exclusive licensee of Gevo’s GIFT technology in Argentina to produce renewable isobutanol. Porta is a 132-year-old family-owned company in Argentina that produces liquor, vinegars and has a 120 m 3 /day corn ethanol plant. Porta Hnos S.A. —Fernando Porta, Vice President of Porta.
Argentina state-owned energy company YPF and Bridas, an Argentina-based oil and gas company 50% owned by China National Offshore Oil Corporation, agreed to invest $1.5
Germany-based Evonik Industries is building a new plant for manufacturing catalysts for biodiesel production in Argentina. It will primarily serve markets in Argentina and Brazil, with an annual capacity of more than 60,000 metric tons. The detail engineering of the facility is already complete.
will begin lithium production in the Salar de Olaroz Lithium-Potash Project in Argentina in 2013 through its joint venture with Australian mining concern Orocobre Ltd. Results of a feasibility study at the site, a salt lake in northwestern Argentina, showed estimated deposits of 6.4 Toyota Group company Toyota Tsusho Corp.
Australia-based Bass Metals has signed a binding term sheet to acquire Blackearth SA which holds an option to acquire the san Jorge Lithium Project located in Catamarca province, Argentina. UBS is now forecasting an 11-fold increase to 2030 in the amount of lithium required, as well as a 7-fold increase in the amount of natural graphite.
Korea) of the country’s first lithium hydroxide plant, which will produce secondary battery materials using lithium produced from brine in Argentina. In 2018, POSCO Holdings acquired a package of tenements from Galaxy Resources in the Salar de Hombre Muerto in Argentina in order to secure lithium preemptively.
Cargill will invest a total of US$112 million in an 18 MW co-generation plant and a soybean biodiesel production plant with a processing capacity of 240,000 tons per year in Argentina.
Balqon Corporation, an emerging developer and manufacturer of heavy-duty electric vehicles for Class 7 and Class 8 applications ( earlier post ), has entered into a Dealer Agreement with Autoelevadores Yale, a leading distributor of material handling equipment and electric vehicles in Argentina.
ExxonMobil Exploration Argentina, jointly with Gas y Petróleo del Neuquén, has discovered oil and gas in an unconventional shale well in Neuquén Province of Argentina. The horizontal leg of the well extends for 3,280 feet (1,000 meters). — Stephen M. Greenlee, president of ExxonMobil Exploration Company.
The Córdoba (Argentina) City Council and the Renault-Nissan Alliance have signed a letter of intent (LOI) on joint research into how electric vehicles can improve quality of life and environmental conditions for the citizens of this provincial capital.
an Argentine lithium development company in which it owns a stake, has officially started lithium production at Salar de Olaroz in Jujuy Province, northwestern Argentina. This project marks the first investment by a Japanese company into lithium carbonate development in Argentina. Earlier post.).
OptiFuel Systems has signed a Collaboration Agreement with the Argentina Ministry of Transportation through Ferrocarriles Argentinos Sociedad del Estado (FASE). Argentina has prioritized government and public investment to grow the share of freight shipped by rail throughout the country.
China and Argentina are close behind, according to Lux, although the former remains plagued by poor infrastructure, local turf wars, and challenging geology while the latter retains elements of instability both economically and politically. Click to enlarge.
The search for lithium in Argentina pits Indigenous people against global corporations in search of profits. The post Lithium Mining In Argentina — Jobs vs. Environment appeared first on CleanTechnica.
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices. Argentina regulates oil prices, a policy originally intended to insulate the public from the whims of the market, protecting people from triple-digit crude prices. by Nick Cunningham of Oilprice.com.
Vancouver-based Ultra Lithium announced the brine sampling results from a drill hole at its 100% owned Laguna Verde brine lithium project in Catamarca Province, Argentina. The Laguna Verde project is the flagship project of the company and one of the company’s 100%-owned brine lithium projects in Argentina. Laguna Verde project site 1.
World leaders Bolivia, Argentina and Chile hold 21Mt, 19Mt and 9.8Mt. Oil and lithium belong to the nation, they belong to the people of Mexico, to you, to all those who live in this region of Sonora, to all Mexicans. —President Obrador The US Geological Survey USGS) ranks Mexico ninth globally for lithium resources, at 1.7Mt.
POSCO Holdings has moved up the scheduled investment in the second stage of a lithium production operation in Argentina from next year to now, due to increased demand for lithium amid booming investment in the secondary battery sector resulting from the “Inflation Reduction Act ” in the United States. billion (about KRW 1.5
Nissan Motor will invest $600 million in Argentina and will become an Original Equipment Manufacturer (OEM) with the domestic production there of an all-new NP300 Frontier pick-up. With the expansion, Nissan is making Argentina a key component of its regional strategy eventually to position itself among the Top 3 brands in Latin America.
George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the world’s largest shale oil and gas resources, and is about to get even larger following a new discovery over the last couple of weeks of a second key shale play. Earlier post.]. It now controls 3.5
Volkswagen is investing some €560 million (US$652 million) over the next five years in the production of a new MQB-based SUV in Pacheco, Argentina. From 2020, the plant will deliver the new model built in Argentina to the entire South American continent. Key drivers behind this positive development are Brazil and Argentina.
Argentina Lithium & Energy Corp. outline the latest updates and future plans for the company’s lithium brine projects across Argentina. The post Argentina Lithium & Energy: Driving lithium development in Argentina appeared first on Innovation News Network.
Calgary-based Lithium Chile has ownership in the largest high-grade lithium reserves in the world comprising 79,900 hectares in Chile and 23,300 hectares in Argentina. Chengze Lithium International Limited—China’s second-largest lithium processor—is required to divest itself of its investment in Lithium Chile.
to construct multiple isobutanol plants in Argentina using corn as a feedstock. As one of the leading engineering, procurement and construction (EPC) service providers to the ethanol industry in Argentina, Porta would provide the EPC services for the projects. Patrick Gruber, Gevo CEO.
New Zealand, Brazil and Argentina are among the latest markets added to the Mustang Mach-E stable. On Select models, Ford BlueCruise hands-free driving and 360-degree camera are available for a complimentary 90-day trial period for customers to experience the feature before choosing to enable it for a longer duration.
The Agile is the first model of the Viva family; Project Viva represents a US$400 million investment by GM un Brazil and Argentina. The Agile is targeted for emerging markets such as Brazil, Argentina, Paraguay and Uruguay (Mercosur). Click to enlarge. GM began doing business in Brazil in 1925.
Learn more about the importance of the Rincon and Antofalla salars in northwest Argentina for global lithium production. The post Major advancements in lithium production made in Argentina appeared first on Innovation News Network.
Discover how Argentina Lithium & Energy Corp's lithium exploration and development projects will assist the global demand for battery metals. The post Furthering lithium development in Argentina appeared first on Innovation News Network.
BYD electric buses are servicing markets in many countries across Latin America, including Chile, Colombia, Argentina, Brazil, Ecuador, and Uruguay. The first 100 BYD buses were delivered to Santiago in December 2018.
Following a recent meeting with Argentine President Javier Milei, Tesla and SpaceX CEO Elon Musk noted that his companies are looking to invest in Argentina. Videos of the two leaders’ meetup were widely shared online, so it was no surprise that some social media users argued that Argentina is better than other South American countries.
continued] The post EV Sales Report: LatAms Laggards & Smaller Markets (Argentina, Peru, Ecuador, Panama, & El Salvador) appeared first on CleanTechnica.
LAC) are forming a 50/50 joint venture to develop the Caucharí-Olaroz lithium project in Argentina. Sociedad Química y Minera de Chile S.A. SQM) and Lithium Americas Corp.
Javier Milei, the president of Argentina, is poised to attend a meeting with Tesla CEO Elon Musk. Argentina’s president is expected to travel to Miami on Tuesday, where he will be honored by the Chabad Lubavitch community with the “International Ambassador of Light” award for his advocacy for Israel and pro-freedom efforts.
It will transport both passengers and cars between Uruguay and Argentina. The ferry will have an operating speed of 50 knots, and in crossing the River Plate (Rio de la Plata) at high speed, the ferry will be able to viably compete with air traffic between Uruguay and Argentina.
Bolivia is lithium-rich; the USGS estimates identified lithium reserves in the country to be 21 million tons—ahead of Argentina and Chile, the other members of the “lithium triangle”. However, Bolivia is production-poor; Chile and Argentina are top global producers, but Bolivia has yet to produce the mineral in commercial quantities.
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