In Chile’s Atacama, lithium mining stirs fight over flamingos
Flamingo numbers are falling, with a new study linking this to the water extracted by mining firms to pump up brine filled with lithium.
Flamingo numbers are falling, with a new study linking this to the water extracted by mining firms to pump up brine filled with lithium.
The agreement to back the plant being developed by startup Green Lithium brings the world’s top independent commodities trader into a market struggling to create new supply.
The sector will require $7 billion of investment each year from now until 2028, Benchmark Mineral Intelligence said in a report.
Parts of the new-energy sector concentrated in the Yangtze Delta and southeastern China had been affected severely.
“Much of the new developments involve smaller players in China looking to secure resource supply overseas," BloombergNEF analyst says.
The figure will help the country produce 175,000 tonnes of lithium in 2025, more than a tri-fold increase from the 50,000 tonnes expected this year.
The world’s biggest mining company has no plans to join the lithium rush.
Serbia blocked mine after mass environmental protests.
The popularity of electric vehicles has driven prices for battery metals sharply higher, even sparking fears of shortages of materials like lithium, cobalt and nickel.
Quarterly profit more than doubled.