Ford and GM need US battery sector to avert another supply shock

Hard rock lithium concentrate swamping China drops spodumene prices 17% in January with more pain likely.

"At the end of the day it is an issue of balancing the needs of investors with the needs of the country"

The mine is part of the assets the Vancouver-based miner is getting as part of its acquisition of all of American Strategic Minerals' assets.

Chile's development agency Corfo doesn't know whether the county we’ll ever make vehicles, but it would like to at least see battery parts produced locally.

While lithium spot prices moved only one way in 2018, cobalt experienced more of a rollercoaster ride.

The number of electric vehicles will increase 1,389% – to 125 million from three million – by 2030.

“sleepwalking into a tsunami of oversupply”

Mining companies now need to determine how to operate in a market that is characterized by rising stakeholder demands, a widening talent gap, as well as dwindling access to key inputs such as energy and water, says Deloitte in its latest annual report.

"This partnership secures lithium supplies for us and breaks the Chinese monopoly" - Wolfgang Tiefensee economy minister of the German state of Thuringia, an automotive manufacturing hub.