Remove Batteries Remove Chile Remove Industry Remove Market
article thumbnail

Chile to nationalize lithium industry

Green Car Congress

Chile President Gabriel Boric announced that his government will nationalize the country’s lithium industry, with the objective of increasing wealth for the country, and developing a key industry as a fundamental step to link Chile’s economic development with the change towards a green economy at a global level.

Chile 459
article thumbnail

BYD wins Chile lithium extraction contract

Green Car Congress

Chile’s Ministry of Mining awarded China-based BYD a contract to extract up to 80,000 tons of metallic lithium. The other lithium extraction contract, also for 80,000 tons, went to Chile-based Servicios y Operaciones Mineras del Norte SA, for an offer of US$60 million. million tons, according to the US Geological Survey (USGS).

Chile 199
article thumbnail

Rio Tinto to acquire copper exploration assets and enter joint venture with Codelco in Chile

Green Car Congress

ADLF), a company with exploration tenements in Chile’s prospective Atacama region, and to enter a joint venture with Corporación Nacional del Cobre de Chile ( Codelco ) to explore and potentially develop Agua de la Falda’s assets. Rio Tinto has agreed to purchase Pan American Silver’s stake in Agua de la Falda S.A.

Chile 150
article thumbnail

Canada orders three Chinese companies to divest from Canadian critical minerals companies

Green Car Congress

Chengze Lithium International Limited—China’s second-largest lithium processor—is required to divest itself of its investment in Lithium Chile. 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.

Canada 353
article thumbnail

GlobalData: growing global electric vehicle market will more than double lithium demand over the next 5 years

Green Car Congress

Data and analytics company GlobalData forecasts that the demand for lithium needed for the production of lithium-ion batteries for use in EVs will more than double from 26.7kt in 2018 to 58.3kt in 2022. According to GlobalData, the global EV market is expected to grow at a substantial CAGR of 15.6% million by 2022.

Global 284
article thumbnail

International Lithium Association (ILiA) established to be the voice of the global lithium industry

Green Car Congress

The world has entered the “lithium century” almost without noticing it, but until now this critical industry lacked a central voice. The Association will include Members from the entire supply chain: from resource to the end-users. ppm Li (0.0018%).

article thumbnail

Roskill forecasts increasing dependence of Li market on batteries; switch from portable electronics to hybrids

Green Car Congress

Consumption of lithium in rechargeable batteries by end use, 2012-2017, kt LCE. Roskill is an international metals and minerals market research firm. Batteries accounted for 27% of global lithium consumption in 2012, up from 15% in 2007 and 8% in 2002. Source: Roskill. Click to enlarge.

Market 296