RANKED: Top 20 EVs of 2021 – costs jump as lithium, cobalt, nickel prices surge
Ranking of world’s 20 best selling electric cars and their battery metals show automakers grappling with soaring raw material prices.
Ranking of world’s 20 best selling electric cars and their battery metals show automakers grappling with soaring raw material prices.
The country awarded two of five contracts on offer -- one to Chinese electric vehicle maker BYD and another to local firm Servicios y Operaciones Mineras del Norte.
SGX will partner with Fastmarkets, the price reporting agency for these products.
Rio Tinto recently committed $2.4 billion to develop a lithium-borates project in the western Jadar valley.
Lithium has burst into 2022 with a fresh price spike that hands electric-vehicle makers more warning of even sharper cost pressures to come.
Demerger will create a company dedicated to exploring its WA-based hard rock lithium assets, like the Greenbushes and Pilgangoora projects.
The permit satisfies one of the final conditions China’s Zijin Mining needed to acquire the junior exploration company.
The potential deal comes as demand for lithium hydroxide sees a surge due to shifting preferences towards electric cars.
Codelco said that various permits had been processed last year to begin the exploration.
According to Fastmarkets, offers for lithium carbonate continue to rise in China, mainly due to the increased demand from the ramp-up of lithium-iron-phosphate battery production.