Chile says companies to invest $754 mln in lithium industry
Chile's Molymet and China's Sichuan Fulin Industrial Group were selected in a bidding process to develop technology focused on the lithium market.
Chile's Molymet and China's Sichuan Fulin Industrial Group were selected in a bidding process to develop technology focused on the lithium market.
Albemarle has said it could invest $1 billion in Chile over the next five years if the plan was approved.
Using a 3-D layer of polydimethylsiloxane (PDMS), or silicone, reduces dendrite growth, which makes batteries safer and longer-lasting.
Electric vehicle boom sees number of companies exploring for lithium and cobalt tripling to 188 as budgets balloon according to new report.
The play by Vancouver-based MGX Minerals is part of a global scramble for the super-light metal used in smart phones and electric vehicles.
According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a year until 2023.
The deal confirms the company’s tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the Paso Lithium Brine Project.
The Vancouver-based company fell the most in nearly two years Wednesday.
Zimbabwe is keen to attract investment after Mugabe era and is already Africa's top lithium producer.
Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry.
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