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Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

Green Car Congress

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. The two companies have partnered before, with the Weda Bay Nickel project in Indonesia. Background.

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Ultra Lithium, Power Metals respond to Government of Canada’s order for Chinese divestment in critical minerals

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The Government of Canada has ordered three Chinese companies to divest from three Canadian critical mineral companies: Power Metals, Lithium Chile, and Ultra Lithium. Ultra Lithium has now issued a statement noting that the company has been advised that Zangge Mining Investment (Chengdu) Co. Earlier post.)

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Roskill: Chinese companies step up their pursuit of lithium resources

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China is stepping up its pursuit of control of the lithium supply chain, underpinned by the rapid growth of its lithium-ion battery industry building on agressive policy surrounding electric vehicle sales, according to metals and mining consultancy Roskill.

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Far from Finished

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The report also suggests that Tesla, the world’s top EV manufacturer, is irrevocably dependent on China for its EV battery supplies, and countries such as Brazil and Argentina have shunned the US because of trade policies imposed by the Trump administration. The game must be over if Brazil and Argentina have jumped ship.

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BYD to build new $1.2B battery factory in China

Teslarati

Now, as the company looks to expand outside of Asia, it is doubling down on its Chinese production capabilities. The environmental fillings found on a local Chinese government website state that the project will come at an expected cost of 8 billion yuan ($1.2 The post BYD to build new $1.2B

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Nio buys 12% stake in lithium mining company

Teslarati

The automaker is purchasing an approximate 12.16% stake in Greenwing Resources, an Australian-based lithium company. Nio will pay A$12,000,000 to the lithium company for a total of 21,818,182 shares at 0.55 Greenwing plans to use 80% of the funds from Nio’s purchase for its San Jorge Lithium Project in Argentina.

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Tesla And Other Tech Giants Scramble For Lithium As Prices Double

Green Car Congress

Driven by the rise of battery gigafactories and game-changing Powerwall and energy storage businesses, the world now finds itself at the beginning of a lithium super cycle that is all about securing new supply, much of which is poised to come from lithium superstar Argentina. Remember—this is one man, one company.

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