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Saudi mining minister to visit Chile in July, says source – ET Auto

Baua Electric

Chile is the world’s second-biggest producer of lithium, a material key to making the batteries that power EVs. Chile is the world’s second-biggest producer of lithium, a material key to making the batteries that power EVs. Enami said it has not received any meeting requests from Saudi officials or companies.

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Rough road for EV industry

Green Car Congress

America’s electric vehicle (EV) industry seems to have hit a rough patch of pavement in recent months. While they’re still dealing with the microchip shortage, automakers are scanning the horizon for the next weak link that will impact auto pricing. its lithium industry, placing the country’s resources under government control.

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Yellen visits US lithium site in Chile, eyes progress on green transition – ET Auto

Baua Electric

Chile also aims to reach 100% in EV sales by 2035 and could well lead the way in green hydrogen, with more than 40 green hydrogen projects underway. lithium producer Albemarle in northern Chile , saying that expanded U.S.-Chilean Yellen’s visit to Chile is part of a broader push by the Biden administration to diversify U.S.

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Chile lithium miner SQM spars with China partner over Codelco deal – ET Auto

Baua Electric

Tianqi, a global lithium rival that holds about 20% of SQM shares, last week raised concerns over transparency in the talks with Codelco, which is slated to take a 50% plus one share stake in the new joint venture beginning in 2025 under a government policy aimed at boosting state control in Chile’s lithium industry.

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Chile’s lithium dreams raise water concerns in the desert – ET Auto

Baua Electric

The desert holds the main deposits of the mineral in Chile, which is part of Latin America’s “lithium triangle” with Argentina and Bolivia. Chile is seeking to retake its position as the world’s top lithium producer, but environmentalists fear extraction in the Atacama desert will harm fragile ecosystems there.

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Chile’s SQM posts profit down 82% as lithium prices slide – ET Auto

Baua Electric

Chile’s SQM , the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks. Revenue for the period fell 58% to USD 1.31 billion, also lagging LSEG’s USD 1.35

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It’s too late to China-proof the lithium supply chain – ET Auto

Baua Electric

“Parts of our key supply chains, including for clean energy, are currently over-concentrated in China,” US Treasury Secretary Janet Yellen said earlier this month during a visit to Chile, home to the largest lithium reserves. The global lithium industry is so interwoven with Chinese capital now that it’s going to be impossible to unpick.

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