POSCO Holdings has embarked on a groundbreaking project to produce lithium for secondary batteries from a salt lake in Argentina. This initiative marks the construction of Korea’s first lithium hydroxide plant, which will utilize Argentina’s saltwater resources to produce secondary battery materials. A Significant Step… Read More »POSCO Holdings: Pioneering Lithium Production from Argentina’s Salt Lakes
CME Group, a leading derivatives marketplace, is set to introduce a futures contract for Lithium Carbonate on July 17, 2023, subject to regulatory reviews. With the increasing demand for electric vehicles, this move aims to offer market participants improved risk management options and greater transparency… Read More »CME Group to Launch Lithium Carbonate Futures Amid Rising Electric Vehicle Demand
Bolivia, home to the world’s largest lithium resources, is set for a major shift. Chinese battery giant CATL, a global leader in electric vehicle batteries, has confirmed a $1.4 billion investment. This investment aims to develop Bolivia’s untapped lithium reserves and marks a new phase in the CATL-Bolivia partnership.
Lake Resources (ASX: LKE) recently disclosed a significant delay and cost escalation for its primary lithium project, the Kachi project in Argentina. This announcement led to a 20% drop in the company’s share price as it revealed a six-year delay in the project and a… Read More »Lake Resources Faces Delays and Rising Costs in Kachi Lithium Project Amidst Global Lithium Demand Surge
Lithium-ion Batteries: The Current Standard Lithium-ion batteries have been the industry standard for years, powering everything from smartphones to electric vehicles. However, the extraction and purification of lithium for use in batteries is a complex and costly process. In 2023, the price of lithium carbonate… Read More »The Future of Energy Storage: Lithium and Beyond
The global electric vehicle (EV) market is witnessing a significant growth phase, with China at the forefront. This article provides a concise overview of the latest trends and developments in the EV industry. China’s EV Market: A Powerhouse of Growth In May 2023, Tesla reported… Read More »Riding the Wave of the EV Revolution: A Snapshot of Current Trends
Tecpetrol Investments, a subsidiary of the Techint Group, has submitted a cash offer for the purchase of all existing common shares of Alpha Lithium Corporation (NEO: ALLI | OTC: APHLF | FRB: 765). The offer, set at C$1.24 per share, is made directly to Alpha… Read More »Tecpetrol Presents Direct Cash Offer to Alpha Lithium Shareholders, Amplifying Acquisition Tension in Argentina
Australian mining firm, European Lithium Ltd (ASX:EUR, OTCQB:EULIF), and Saudi industrial titan, Obeikan Group, are collaborating on a balanced joint venture to inaugurate a lithium processing facility in Saudi Arabia. As per an announcement by European Lithium, this joint venture aligns with Saudi Arabia’s strategic… Read More »European Lithium and Obeikan Group to Open $400M Lithium Processing Plant in Saudi Arabia for EV Battery Supply Chain Boost.
The Lithium Market Downturn The lithium market has seen a significant downturn this year, with shares in lithium producers tumbling due to a slowdown in demand for electric vehicles (EVs) in China. However, this downturn is viewed as a temporary setback by industry experts, and… Read More »Lithium Market Dynamics: A Golden Opportunity for Investors
As Tesla builds its own lithium refinery, Canadian lithium mining companies stand to gain from the rising demand for battery-grade lithium. With the aim to produce enough battery metal for one million electric vehicles (EVs) by 2025, Tesla’s ambitious project will increase the demand for… Read More »5 Canadian Lithium Stocks Set to Benefit from Tesla’s Texas Lithium Refinery Ambitions
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