Neo Lithium has successfully completed and tested a lithium carbonate pilot plant to Catamarca, Argentina.
Neo Lithium tested the plant, built by the Chilean University of Concepción, in Chile, using artificial brine and concentrated about 4% lithium brine in its pilot evaporation ponds, in order to start production of lithium carbonate.
Director and chief operating officer of Neo Lithium, Gabriel Pindar, said: “We hope the proposed feasibility study will support that the plant can produce battery grade lithium at one of the most competitive cash costs of the market.”
Competition chiefs in Chile have launched a probe into a deal that would see China’s Tianqi Lithium become a key shareholder of the world’s second largest producer of lithium.
Tianqi confirmed last month it had agreed to buy a 25.9% stake in Sociedad Quimica y Minera de Chile (SQM) from Canada-based Nutrien— in a move to strengthen Chinese influence on the battery raw materials market.
South Korean steelmaker Posco is reportedly to build a $100 million lithium-ion cathode plant in the country next year as it expands its presence in the global batteries and raw materials market.
Posco’s new facility in Gwangyang, 423 kilometres southwest of Seoul, will have an annual production capacity of 6,000 tons, the company told South Korea’s Yonhap news agency.
China’s Tianqi Lithium is set to become a key shareholder of the world’s second largest producer of lithium— in a move to strengthen Chinese influence on the battery raw materials market.
Tianqi has agreed to buy a 25.9% stake in Sociedad Quimica y Minera de Chile (SQM) from Canada-based Nutrien in a deal worth more than $4 billion.
South Korean battery maker Samsung SDI is part of an international consortium cleared to invest in developing battery materials facilities in Chile.
Samsung is among companies from South Korea and China expected to invest a total $754 million in the project, the Chilean Economic Development Agency (Corfo) confirmed.
BBB has confirmed that Tesla is considering proposals to invest in lithium production in Chile— and that the carmaker could also support the launch of a battery cathodes production facility in the country.
The CEO of Chilean Economic Development Agency (Corfo), Eduardo Bitran (pictured), met Tesla bosses in the US recently to discuss a potential initial investment in Chilean lithium producer Sociedad Quimica y Minera de Chile (SQM), the agency told BBB this week.
Japan’s multinational technology firm NEC Corporation has signed a deal for a smart energy project in Chile. Through its subsidiaries NEC Chile and NEC Energy Solutions (NEC ES), it will supply a 2MW/2MWh lithium-ion battery energy storage system (BESS) to ENGIE Energía Chile (EECL), a Santiago-based utility company.
A consortium of Chinese and Korean battery makers and investment entrepreneurs are in talks to build a lithium-ion manufacturing plant in Chile, according to Chilean newspaper Pulso.
Early talks put the total investment at around $2billion with phases 1, 2 and 3 of production earmarked for January 2018 with an initial investment in 2017 of $510million.