General Motors Co. will announce an investment in the lithium technology start-up on Tuesday EnergyXin its expansion into the mining industry, the auto giant’s latest deal to ensure long-term supplies of the metal used to make electric vehicle batteries. The global drive by automakers to electrify their fleets has unleashed a flood of stable supplies […]
Tag: lithium
Mergers and acquisitions of companies in Argentina grew in 2022
Argentina registered 91 mergers and acquisitions operations of companies last year, the highest number since 2018, for a volume calculated at 4,229 million dollars, according to a report released this Monday by the firm KPMG. This increase in operations in 2022 -23 more than in 2021- was due to a strong boost from mergers and […]
Millionaire lithium reserves and the demand of the aimaras in Puno
The province of carabayain the Puno region, has 4.7 million tons of high purity lithium carbonate, and 130 million pounds of uranium for nuclear power plants. Between the two minerals, the one that is in the eye of the aimaras is the lithium. This mineral is in demand worldwide for the manufacture of batteries for […]
Firms from Russia, China and the US tested direct lithium extraction in Bolivia
A Russian, another American and two Chinese companies successfully tested their direct lithium extraction (EDL) technologies in the Bolivian salt flats, the Bolivian government reported this Friday. The Russian firm Uranium One Group, the American Lilac Solutions and the Chinese Citic Guoan and Tbea Group were able to verify that their EDL technologies can be […]
President of Bolivia advocates for a joint lithium policy for Latin America
Bolivian President Luis Arcesaid on Thursday that he would be willing to design a lithium policy together with other Latin American countries to benefit their economies and protect the lucrative resource of US interventionism. It is estimated that Bolivia has 21 million tons of untapped lithium resources, the largest amount in the world, which are […]
Lithium cools in China after end of electricity subsidies
Lithium, a key material for the manufacture of electric vehicle batteries, multiplied its price several times throughout 2022 to subsequently lose almost 30% of its value in just three months in the Chinese market, the largest in the world. world for this type of car. Lithium carbonate reached its peak at the end of November […]
Seventh largest lithium deposit in the world found in India
The find in the India of a deposit of 5.9 million tons of lithium, the new ‘owhite riverwould lead the Asian country to have the seventh largest deposit and would give wings to its desire to boost the manufacture of electric vehicles, essential to reach net zero emissions in 2070. Indian Coal and Mines Minister […]
Peru has one of the largest lithium reserves: why is this metal important?
The new white gold is present even in everyday items. Studies show that deposits in our country would be around 880,000 tons, at such a level that they compete with the reserves of Argentina, Bolivia and Chile as one of the most important in the region. Peru could join the lithium industry in the face […]
German Chancellor seeks to secure more critical minerals on tour of South America
German Chancellor Olaf Scholz announced a new expanded commodity partnership with Chile on Sunday, during a tour of South America that Berlin hopes will help secure greater access to critical minerals key to the transition to a green economy. Europe’s biggest economy has lagged behind in the race for critical minerals partly because of dislike […]
Bolivia and Chinese consortium sign agreement to install two lithium plants in salt flats
the state Bolivian lithium deposits (YLB) and the Chinese consortium Catl Brunp and Cmoc (CBC) signed this Friday an agreement to install two plants for lithium in salt flats of the Andean country, with an investment of 1,083 million dollars. The top executive of YLB, Carlos Ramos, and the CBC representative, Qinghua Zhou, signed the […]