BYD and Tsingshan scrap plans for Chile lithium plants
Both companies had been selected in 2023 as strategic investors to develop value-added lithium products in Chile.
Both companies had been selected in 2023 as strategic investors to develop value-added lithium products in Chile.
The review is exploring options that include the sale of a stake in the Kachi project.
Measured and indicated resources now total 27.27 million tonnes grading 1.34% lithium oxide.
Last year, the company paused plans to build a $1.3 billion processing plant in South Carolina due in part to overproduction from Chinese rivals.
The company reported a first-quarter net loss for common shareholders of $340,000, compared to a loss of $9.1 million last year.
Cinovec, located in the Krusné Hory Mountains near the German border, is the largest hard rock lithium resource in the European Union.
The competition regulator's approval follows endorsements from the EU, Brazil, Japan, South Korea, and Saudi Arabia.
The value of the Ewoyaa lithium project has declined significantly due to an 80% drop in the battery metal prices since their peak in 2022.
Chile has accepted applications for the Agua Amarga, Ascotan and Coipasa salt flats.
Transferring the Bougouni lithium license to its subsidiary clears the way for export approvals and compliance with the Malian government.
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