Ford, partners pick Canada for $900m battery materials plant
The factory in Quebec will eventually produce 45,000 tonnes of cathode active materials per year.
The factory in Quebec will eventually produce 45,000 tonnes of cathode active materials per year.
Cost overruns on projects to upgrade five mines could mean its debt is likely to reach $30 billion by 2030 from $18 billion now.
Aurora Williams, who will replace Marcela Hernando, held the same position during the 2014-18 administration of former President Michelle Bachelet.
New cell can charge to a range of 400 kilometers in just 10 minutes.
The company will supply about 90% of the product from the project to BTR under the three-year agreement.
Both brownfield and greenfield mines in the region face issues of water stress.
Nickel and cobalt supplies are unlikely to satisfy demand, S&P Global said in a report.
Fresh equity will be deployed across TechMet’s ten assets, which aim at reducing the west’s dependence on China for critical minerals.
The Australian company rejected the buyout bid received on August 12.
Javier Milei, a libertarian outsider who’s taken a surprise lead in the race for Argentina’s presidency, would shake up the country’s powerhouse commodity industries like none of his rivals.