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☆ After traveling to over 40 countries around the world, I think everyone should visit these 5 underrated spots
  + stars: | 2024-05-16 | by ( Melissa Noble | ) www.businessinsider.com   time to read: +1 min
Colombia offers lush scenery and vibrant architecture. Visiting the colorful city of Cartagena, Colombia, was one of the highlights of our trip. Although we loved all of those places, we were also pleasantly surprised by how much we enjoyed Colombia, with its warm people, lush scenery, and vibrant architecture. But the colorful city of Cartagena was by far one of the highlights of our South American adventure. Wherever you travel, it's important to stay up to date on the latest conditions, which often vary even within countries.
Persons: Jess Kraft, Shutterstock, Salar de, couldn't Organizations: State Department Locations: Colombia, Cartagena, South America, Rio de Janeiro, Picchu, Salar de Uyuni, Bolivia, Cocora Valley
☆ They fell in love and lost each other in South America. Then a note stuck on a door brought them back together
  + stars: | 2023-09-30 | by ( Francesca Street | ) edition.cnn.com   time to read: +19 min
When he met Tracy, Tim was enjoying a six month traveling stint, unsure what came next. If you see this, let me know where you are staying!”As she and Monique closed, then locked, the hotel door, Tracy jammed the piece of paper into the door frame. A note on a hotel doorTracy had the idea to write a note and attach it to the hotel door. Tracy FerrellUnbeknown to Tracy, Tim had arrived in Cuenca a few days before her. Leaning against the hotel door, he wrote a reply underneath Tracy’s message, detailing where he was staying.
Persons: CNN — Tracy Ferrell, ”, Tracy, “, we’ve, Monique, let’s, ” Tracy, Tim, “ I’m, Tracy Ferrell, She’d, Cuenca –, German Shepherd, Tim Zych, Zealander who’d, Tim chatted, Tracy’s, Salar de, Tim didn’t, ’, Tracy Ferrell Unbeknown, he’d, Tim couldn’t, he’s, they’d, Keen, ” Tim, They’re, she’d, Tracy wasn’t, Tim Boulder, “ We’ll, ” Here's Tracy, –, ’ ”, they’re, Tracy Ferrell Tracy, Tracy “ Organizations: CNN, America, University of Colorado, South American Explorers ’, –, CNN Travel, Zealander, they’d, Communication, American Express, Denver International Airport, Boulder Locations: Cuenca, Ecuador, Quito, Peruvian, Ollantaytambo, South America, Ecuador –, German, London, New Zealand, Zealand, Salar, Salar de Uyuni, Bolivia, Peru, Chile, Tim’s, Blanca, Tracy, Costa Rica, San Jose, Boulder , Colorado, Colorado, She’d, Boulder, Boston, Isla Mujeres, Mexico, Boulder county, Quinto
☆ How new lithium extraction technology could help us meet electric vehicle targets
  + stars: | 2023-06-05 | by ( Katie Brigham | ) www.cnbc.com   time to read: +6 min
Today, most lithium brine mining takes place in the Salar de Atacama, an expansive salt flat in northern Chile that contains the highest quality lithium brine in the world. EnergyXDoing things differentlyIn a world before electric vehicles, traditional methods of brine mining and hard rock mining more than sufficed to meet global lithium demand. It's the brine resources that are large enough to electrify the vehicle industry," Snydacker said. Lilac Solutions is developing a direct lithium extraction facility in Argentina in partnership with Australian lithium company Lake Resources. Lilac Solutions
Persons: Dave Snydacker, DLE, Amit Patwardhan, Robert Mintak, there's, Snydacker, EnergyX, It's Organizations: Lilac Solutions, Solutions, Bay, Resources Locations: Salar, Atacama, Chile, Arkansas, Salt, Argentina, Bolivia, California , Utah, China, Australian
☆ Sell this lithium stock with high exposure to the chemical's price, Goldman Sachs says
  + stars: | 2023-05-19 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Sociedad Quimica y Minera de Chile , or SQM, is worth dropping given its direct exposure to lithium prices, Goldman Sachs warned. Analyst Marcio Farid initiated coverage of the lithium producer's stock with a sell rating. "We also think consensus is too bullish on their forecasted lithium prices, potentially leading to earnings downgrades in the short-to-medium term." Farid noted his sell rating is out of the norm on Wall Street. Lithium prices have taken dramatic swings in recent months.
☆ What Chile's state-led lithium policy means for the future of the electric vehicle industry
  + stars: | 2023-05-06 | by ( Katie Brigham | ) www.cnbc.com   time to read: +9 min
The only two lithium companies currently operating in Chile are North Carolina-based Albemarle , the largest lithium producer in the world, and SQM , the No. Chile's lithium is of particular strategic importance to the U.S., which has a free trade agreement with the country but not with neighboring Argentina. The plan calls for the creation of a national lithium company to partner with all private businesses looking to enter the sector. Bags of battery-grade lithium carbonate at La Negra, Albemarle's lithium processing plant near Antofagasta, Chile. Lenny-Pessagno told CNBC in January that Albemarle supports the creation of a state-owned lithium company.
☆ Argentina's lithium pipeline promises 'white gold' boom as Chile tightens control
  + stars: | 2023-04-24 | by ( Lucila Sigal | ) www.reuters.com   time to read: +4 min
Neighboring Chile, the region's top lithium producer, last week unveiled plans for a state-led public-private model, spooking investors. Bolivia has long maintained strict control over its huge though largely untapped resources, while Mexico nationalized its lithium deposits last year. The country has six lithium projects under construction and 15 in the advanced exploration or feasibility stage, Mignacco said. "Argentina's lithium sector has thrived through a decentralized, pro-market strategy," said Benjamin Gedan, director of the Latin America program at The Wilson Center, adding in contrast Bolivia's lithium sector had "repeatedly stalled as a result of excessive state control." "Chile today produces and exports much more lithium than Argentina," said Natacha Izquierdo, analyst at consultancy ABCEB.
☆ Chile’s plan for state control in lithium dismays business
  + stars: | 2023-04-22 | by ( ) www.cnbc.com   time to read: +6 min
A lithium mining machine moves a salt by-product at the mine in the Atacama Desert in Salar de Atacama, Chile on October 25, 2022. Under the plan, all companies wanting to work in Chile's lithium sector will have to take on the yet-to-be created National Lithium Company as a partner and the "state will have control," Boric said Thursday. But Chile's business sector expressed concern. Mewes said business leaders had expected there would be a "great private sector participation" in the lithium sector and now the "state will be the one that will control" the industry. She worries about what message this sends to others in the region that are trying to build up nascent industries, considering Mexico already nationalized its lithium sector.
☆ Factbox: World's biggest lithium producers
  + stars: | 2023-04-21 | by ( Carman Chew | ) www.reuters.com   time to read: +3 min
Chile holds the world's largest lithium reserves and is the world's second-largest producer. Australia is the world's biggest supplier, with production from hard rock mines. Rapid growth is forecast to be met by output gains in Australia, Chile and Argentina. WORLD'S BIGGEST MINESGreenbushes, Western Australia, by Talison Lithium (a joint venture of Tianqi Lithium (002466.SZ), IGO (IGO.AX) and Albemarle Corp (ALB.N)). Pozuelos-Pastos Grandes lithium salt lake, Argentina, bought by Ganfeng Lithium (002460.SZ), will produce 30,000 tonnes of lithium carbonate starting 2024, and can potentially be expanded to 50,000 tonnes.
☆ Bank of America sees lithium surplus in 2023 as demand eases
  + stars: | 2023-03-07 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
"We see a lot of supply coming out from lithium mines ... We are expecting 38% lithium supply growth this year. That's why 2023 is likely to turn into a surplus year for lithium," Zhao told CNBC. She also said she expects China's electric vehicle demand growth to slow from 95% last year to 22% this year. In the two years ending December 2021, lithium carbonate spot prices rose 5% to stand at 277,500 yuan per ton. But subsequently surged to a record high of almost 600,000 yuan per ton in November 2022, more than 12 times January 2021 prices.
☆ Iran says it's discovered what could be the world's second-largest lithium deposit
  + stars: | 2023-03-06 | by ( Natasha Turak | ) www.cnbc.com   time to read: +2 min
A lithium mining machine moves a salt by-product at the mine in the Atacama Desert in Salar de Atacama, Chile on October 25, 2022. Lucas Aguayo Araos| Anadolu Agency | Getty ImagesIran says it's discovered a massive deposit of lithium — a key element in batteries for devices and electric vehicles — in one of its western provinces. If the claimed figure is accurate, that would make the deposit the second-largest known lithium reserve in the world after Chile, which holds 9.2 million metric tons of the metal, according to the U.S. Geological Survey. watch nowIran's lithium deposit news, if true, would be a lifeline for the country's battered economy. In terms of the global lithium market, such an addition to the world's known reserves could push prices of the metal down further, depending on Iran's capacity to export.
☆ Citi is bearish on lithium in the short term, but names 3 stocks
  + stars: | 2023-01-05 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +2 min
It expects lithium demand to increase its compound annual growth rate by around 20% by 2030, and that its supply will struggle to catch up. Names to watch Citi named three stocks to watch despite its cautious lithium outlook. Citi also likes Livent Corporation , which it gave a $27 target price, or 42% upside. For instance, Argentina recently imposed an export tax on certain products including lithium, Citi noted. Citi downgraded the stock from "buy" to "neutral" in mid-December, giving it a price target of $92 — with upside of about 20%.
☆ Inside the only lithium producer in the U.S., which provides critical mineral used in batteries by Tesla, EV makers
  + stars: | 2022-10-14 | by ( Pippa Stevens | ) www.cnbc.com   time to read: +14 min
The town's mining roots are still on display, but the action has shifted to the country's largest lithium brine operation 45 minutes away. Specialty chemicals company Albemarle acquired the site in 2015 from Foot Mineral Company, and has owned it ever since. Under the International Energy Agency's most ambitious climate scenario, lithium supply will have to grow 40-fold by 2040 from today's levels. The U.S. used to be a leader in lithium production, but it's since ceded that position to foreign nations, including China. Albemarle's Silver Peak lithium plant spans 13,000 acres.
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