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The global lithium supply glut is predicted to shrink by half to around 80,000 tons equivalent of lithium carbonate (LCE) from nearly 150,000 last year, according to Antaike, China's state-owned ...
Piedmont Lithium has pulled its application for a debt package from a popular U.S. government loan program and is scaling back ambitious expansion plans across two continents, as tumbling prices ...
Elon Musk highlights a challenge facing the EV battery market — a need for more lithium refineries. Some experts, however, expect this market will look like most commodities markets in a decade.
With residents and courts ringing the alarm about depleted water supplies in Chile's Atacama salt flat, the world's top lithium miner Albemarle <ALB.N> quietly filed a proposal in December for a ...
As of 2020, Albemarle was the largest provider of lithium for electric vehicle batteries in the world. [3] Albemarle, Sociedad Química y Minera, and FMC Corporation collectively produce just over half of the world's lithium and lithium storage products, while just under half is produced by China. [citation needed]
The city of Yichun, China's most prospective region for lithium, is ground zero in the country's push to cut its reliance on imports of the metal for its battery industry, which makes three ...
The Renault Group partnered with Vulcan Energy in August 2021 to sign a deal for a five-year supply of lithium, with a planned delivery date in 2026. [14] Umicore , a Belgian battery cathode specialist, and Vulcan signed a long-term supply agreement in October 2021, which will take effect in 2025 with an initial duration of five years. [ 15 ]
The controversy of lithium mining comes from its need for water - mining one ton of lithium requires 500,000 US gallons (1,900,000 L; 420,000 imp gal) of water. Yet, the largest mines in the world reside in Argentina, Bolivia, and Chile, which often face droughts and have serious demand for fresh water from the local farmers.