Toyota Tsusho to wait on EV market before upping lithium investment
The EV market has boomed in recent years, but still makes up just a fraction of total car sales.
The EV market has boomed in recent years, but still makes up just a fraction of total car sales.
The company said in a statement on its website that various emergency measures were in place to protect staff and avoid damage in case of aftershocks.
European lithium projects are making a fresh push for capital, eager to supply the white metal to a burgeoning network of battery manufacturers and electric vehicle makers across the continent, the world's second-largest EV market after China.
The lithium project, situated in Ganzi in western province of Sichuan, is expected to produce about 30,000 tonnes of lithium concentrate this year.
Lithium miners are seeing investor interest go up in smoke.
Nemaska Lithium Inc may issue new shares, take on new debt or sell assets as it hunts for fresh capital to build a lithium project in Quebec.
The company described a process that evokes the industry standard of using a series of evaporation ponds.
The country produced 96,053 tonnes of the white metal, which is used to make electric vehicle batteries, in 2018.
The system will be deployed at Eureka’s Standing Stone advanced wastewater treatment facility in Pennsylvania.
The LME said in a statement to Reuters that it respects the right of companies to operate in whatever ways best suit their needs.