South America looks at creating “lithium OPEC”
Argentina, Chile, Bolivia and Brazil would cooperate to expand their processing capacity, open battery plants and make EVs locally.
Argentina, Chile, Bolivia and Brazil would cooperate to expand their processing capacity, open battery plants and make EVs locally.
The proposed mine has the potential to be North America's largest source of lithium for electric vehicle batteries.
Tesla executives held talks with the ministers of foreign affairs and mining, as well as with the leader of the development agency Corfo.
The “limiting factor” is refining lithium, not actually finding it, as no country has a monopoly on deposits, Musk said.
Advance Lithium has a group of lithium and potassium salars/salt lakes in central Mexico.
Yichun suspended all lithium mining late last week to crack down on criminal activity.
The deposit now holds 18.8 million tonnes averaging 1.52% of lithium oxide in the indicated category, up from 14.4 million tonnes.
Rare discounts offered by Chinese battery giant CATL to automakers have accelerated a plunge in lithium prices.
Inferred resource has an estimated 15.8 million tonnes of lithium carbonate equivalent, American Battery Technology Company said.
Some mines in one of China’s major lithium-production hubs have been allowed to restart.