Ioneer’s Rhyolite Ridge lithium-boron resource in Nevada soars by 168%
The company said it estimates the Rhyolite site now holds enough lithium carbonate to power more than 50 million electric vehicles.
The company said it estimates the Rhyolite site now holds enough lithium carbonate to power more than 50 million electric vehicles.
“In the longer term, the energy transition could significantly lift the demand for some metals, notably lithium, copper, and nickel,” the bank said.
State-led production of the battery metal is seen by some analysts as a positive change, but likely years away.
The metal has lost almost 17% in April and briefly dipped below $100 a tonne earlier this week.
An accord would essentially allow EU companies to take advantage of some of the benefits in the IRA.
Enami has the rights to five lithium deposits in the Siete Salares area, with a collective net asset value estimated in $2.5 billion.
The Mexican government proposed last month reforms to the sector.
Grupo Mexico is one of the world's largest copper miners.
The company's 2023-2025 investment plan totals $3.4 billion, of which $1.4 billion was aimed at increasing lithium production in Chile.
Chile’s government is encouraging green hydrogen investment to harness the nation’s abundant solar and wind resources.