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POSCO Holdings begins construction of $830M lithium plant in Argentina

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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.)

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Bass Metals to acquire San Jorge lithium brine project in Argentina

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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.

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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. Source: USGS, 2017).

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Rough road for EV industry

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America’s electric vehicle (EV) industry seems to have hit a rough patch of pavement in recent months. Lithium prices continue to rise, and no new domestic lithium sources have yet to be established. By Brent Wilson, CEO of Galvanic Energy. Tesla isn’t the only EV manufacturer facing these hurdles. The issue [now] is batteries.

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Tesla And Other Tech Giants Scramble For Lithium As Prices Double

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Demand for lithium—the hottest commodity on the planet and the only commodity to show positive price movement in 2015—is poised to continue on its upward trajectory, becoming the world’s new gasoline and earning the moniker of “White Petroleum”. by James Stafford of Oilprice.com. Lithium is certainly showing all the right signs!”.

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Galaxy notes lithium carbonate prices in China rose 17% over last 12 months

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Lithium producer Galaxy Resources Ltd says prices for both technical and battery grade lithium carbonate in its key market, China, have risen significantly on the back of tight demand and supply fundamentals, with current prices up almost 17% on the same time last year. This means that as well as adhering to the 99.5%

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Neo Lithium closes strategic investment with CATL; ~8% stake; 3Q project

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Limited (CATL), whereby CATL, through a subsidiary controlled by CATL, subscribed for 10,217,503 common shares of Neo Lithium at a price of C$0.84 (NLC) announced the closing of a previously announced equity investment by China-based Contemporary Amperex Technology Co. per common share for gross proceeds to Neo Lithium of C$8,582,702 (US$6.7

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