Ecuador to offer new mining concessions in Q4 2011

Eramet becomes the first European company to produce lithium carbonate at an industrial scale.

The project, with an initial investment of $500 million, will start its preparatory phase from 2024 to 2027.

The raw materials bill for the average EV is now down to $510 compared to a peak of more than $1,900 at the beginning of last year. 

Global lithium demand to increase 26% to 1.46m tonnes in 2025, outpacing supply growth.