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Search resuls for: "Antofagasta region"


6 mentions found


☆ Western lithium, graphite miners boost prices for ESG-friendly supply
  + stars: | 2023-11-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com   time to read: +4 min
REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsLOS ANGELES, Nov 17 (Reuters) - Western lithium and graphite miners have started charging the electric vehicle (EV) supply chain higher prices for their material, meeting demand for environmentally-friendly and consistent supply that is not linked to China. Lithium, the lightest metal, is used to make a battery's positively charged cathode and prized for its ability to store energy. Miners say the surcharges make investors more comfortable financing new projects, especially as Chinese rivals have been known to sell metals below prevailing market rates. Brazil's Sigma Lithium (SGML.V) has already begun selling its production at prices it says reflects its sustainability. The surcharge talk comes despite recent plunges in a range of lithium prices.
Persons: Ivan Alvarado, Patrice Boulanger, Shaun Verner, Amanda Hall, surcharges, Hugues Jacquemin, Ernest Scheyder, David Gregorio Our Organizations: REUTERS, Washington, China, EV, Panasonic Energy, Miners, Syrah Resources, Department of Energy, Tesla, ESG, Summit, Thomson Locations: Antofagasta region, Chile, China, Los Angeles, Brussels, Beijing, North America, United States, Louisiana, North, South America, Quebec
☆ Eramet bets on lithium as it invests more in large mines
  + stars: | 2023-11-13 | by ( Gus Trompiz | Thomson Reuters | Paris-Based Reporter Covering Commodities | ) www.reuters.com   time to read: +3 min
"These investments are being made in areas with very high growth," Christel Bories, Eramet's chair and CEO, told Reuters. "Lithium is not tied to world economic growth, it's tied to the development of batteries and the energy transition." A $400 million deal with Glencore (GLEN.L) to market lithium from the project's first stage will mostly cover Eramet's financing needs for the next tranche, Bories said. In Chile, meanwhile, the group said it had acquired for an initial $95 million a 120,000-hectare lithium concession in the Atacama region. Reporting by Gus Trompiz, Editing by Charlotte Van Campenhout and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Ivan Alvarado, it's, Bories, Eramet's, Gus Trompiz, Charlotte Van Campenhout, Louise Heavens Organizations: National Reserve, REUTERS, Rights, Reuters, Centenario, BASF, Koniambo, SAS, Thomson Locations: Antofagasta region, Chile, Argentina, Indonesia, Centenario, Atacama, Gabon, China, New Caledonia, SLN
☆ Lower prices, oversupply to weigh on lithium miners
  + stars: | 2023-10-30 | by ( Arunima Kumar | ) www.reuters.com   time to read: +2 min
Lithium miners have had a tough year as weak electric vehicle (EV) sales growth led to high stockpiles and sent prices of the metal tumbling down. The Chinese spot battery grade lithium carbonate prices, fell around 45% to 165,000 Chinese Yuan ($22,561.63) per tonne during the July-September quarter. Reuters GraphicsAnalysts also flagged additional supplies from new projects coming online to further weigh on lithium prices. Albemarle is expected to report quarterly results on Wednesday, while smaller rival Livent is scheduled for Tuesday. ($1 = 7.3133 Chinese yuan renminbi)Reporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Ivan Alvarado, Raymond James, Pavel Molchanov, Overcapacity, Jefferies, Laurence Alexander, Piper Sandler, Charles Neivert, Kyle Winborne, Arunima Kumar, Krishna Chandra Organizations: REUTERS, Albemarle Corp, EV, Reuters, Reuters Graphics, Thomson Locations: Albemarle, Antofagasta region, Chile, oversupplied, China, Livent, Bengaluru
☆ How Chile's progressive new plan to mine lithium faces Indigenous hurdles
  + stars: | 2023-07-20 | by ( Alexander Villegas | ) www.reuters.com   time to read: +8 min
In interviews with Reuters, some community leaders said they would demand more profits be channeled their way, while others said they would resist any new lithium mining at all. Boric's plan envisions expanding mining with public-private partnerships controlled by a new state lithium company. Both Espindola and Mondaca said a majority of community members oppose expanded lithium mining in the region. It said it takes relationships with Indigenous communities seriously and that is why Boric met with them in person. Yermin Basques, president of Toconao, said he was pushing for the community to receive a greater share of the profits and be a "strategic partner" in the state lithium company.
Persons: Alexander Villegas, Ivan Alvarado, Gabriel Boric, Boric, Francisco Mondaca, SQM, it's, Mondaca, Cristian Espindola, Espindola, Toconao, Albemarle, Alonso Barros, Rolando Humire, Humire, Mauricio Lorca, Adam Jourdan, Rosalba O'Brien Organizations: Reuters, National Reserve, REUTERS, Atacama Indigenous Council, BMW, NASA, National, University of Atacama, Thomson Locations: Antofagasta region, Chile, Santiago, Atacama, Albemarle, Los, Chilean, Basques
☆ Chile bid to boost state control over lithium spooks investors
  + stars: | 2023-04-21 | by ( Alexander Villegas Ernest Scheyder | Alexander Villegas | Ernest Scheyder | ) www.reuters.com   time to read: +5 min
SQM's lithium contract in Chile is set to expire in 2030 and Albemarle's in 2043, giving it more insulation from the potential move. Mexico nationalized its lithium deposits last year, and Indonesia banned exports of nickel ore, a key battery material, in 2020. SQM has a larger footprint in Chile, with 81,000 hectares (about 200,000 acres) for lithium extraction compared with Albemarle's 16,000 hectares. Argentine state energy firm YPF last year began exploring lithium, while Bolivia has long maintained strict control over its huge though largely untapped resources. Mexico's President Andres Manuel Lopez Obrador and Bolivia's Luis Arce have touted the idea of a regional lithium "OPEC" to coordinate on lithium policy and benefit local economies.
☆ China EV maker BYD to build $290 mln battery component plant in Chile
  + stars: | 2023-04-21 | by ( ) www.reuters.com   time to read: +1 min
HONG KONG, April 21 (Reuters) - China's BYD Co Ltd (002594.SZ), , the world's largest electric vehicle (EV) maker, plans to build a $290 million lithium cathode factory in Chile's northern Antofagasta region, said Chilean economic development agency CORFO. The South American country's government has named BYD Chile a qualified lithium producer, CORFO said, giving it access to preferential prices for lithium carbonate quotas. BYD, which supplies electric buses for Chile's public transportation system, did not immediately respond to requests for comment on Friday. The plant will produce 50,000 tonnes per year of lithium iron phosphate (LFP) for cathodes, using lithium carbonate as an input. read moreReporting by Farah Master in Hong Kong and Zhang Yan in Shanghai; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
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