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☆ Mom spent $56,000 on a gap year in Latin America with her family of 5: 'We'd do it again in a heartbeat'
▼ + stars: | 2024-07-26 | by ( Liuan Huska | ) www.cnbc.com time to read: +6 min

An unspoken question lingers on people's faces when they hear our family of five took a gap year to travel around South America. We budgeted about $12,000 for flights, estimating six one-way flights at about $2,000 each for our family of five. All told, we expected the trip to cost about $60,000, or less than a year of life at home in Chicagoland. We funded our trip by renting out our home in the Chicago suburbs, which covered our home upkeep and nearly 40% of our travel expenses. On the trip, we didn't know where we'd be in two months or how much money we'd bring in.

Persons: Matt, —, Chile's Torres del Organizations: Torres del Paine, Mirador, Amtrak, Chile's Torres del Paine Locations: Chile, South America, Chicago, Los Angeles, Rio de Janeiro, Brazil, Costa Rica, Illinois, Bolivia, Spanish, Chile's, Argentina, Intag, Chicagoland, Santiago, Mendoza, Pereira, Colombia

The brine contains lithium, a silvery white metal essential for making electric vehicle batteries and in high demand as the world shifts to green energy. Eramet is being closely watched by competitors from the U.S. to Chile that are also working to commercialize DLE. It aims to pump out its first ton of lithium carbonate in November and scale up to 24,000 metric tons a year by mid-2025. The technique allows Eramet to produce a ton of lithium carbonate in one week, versus a year with traditional methods. "You go step by step, making sure you can get to the next phase," said engineer Soledad Gamarra.

Persons: Eramet, Christel Bories, Joe Lowry, Soledad Gamarra, Mara Puntano, John Li, Tsingshan, Bories, Daina Beth Solomon, Salar Centenario, Ernest Scheyder, Lucila Sigal, Veronica Brown, Richard Chang Organizations: Reuters, Battery Metals, Initiative for, Mining Assurance, America, Thomson Locations: SALAR CENTENARIO, Argentina, Argentina's, U.S, Chile, Salta, Rio Tinto, South, Eramet's Centenario, Eramet's, Salt Lake City, U.S ., Utah, China, Asia, Salar, Houston

☆ Posco-backed group invests in lithium technology startup EnergyX
▼ + stars: | 2023-10-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

Posco, which invests through those funds, will work with EnergyX to help its technology reach commercial production, the companies said. The companies declined to say how much of the EnergyX Series B that the consortium is funding. Reuters reported in April that the EnergyX Series B is being led by General Motors (GM.N). Allkem (AKE.AX), Livent (LTHM.N) and others produce lithium nearby. In addition to working with Posco, EnergyX is looking for Argentine brine deposits to purchase, Egan said, though he declined to be more specific.

Persons: Kim Hong, EnergyX, Jaeho Rhee, Posco's Sal, Teague Egan, Posco, Egan, China's CATL, Ernest Scheyder, Stephen Coates Organizations: REUTERS, South, Posco Holdings, EnergyX, Elohim Partners, IMM Investment, Reuters, General Motors, EnergyX's, GM, Thomson Locations: Seoul, South Korea, KS, Argentina, Oro, Argentina's Salta Province, Posco's, Posco, Chile, Bolivia, South

It has occurred in parallel to one of the world’s highest inflation rates. The artwork then fetches prices ranging from 40,000 to 70,000 pesos domestically and as much as $300 abroad. The artists are reclaiming the currency at a time when the bills have often been the target of disdain from Argentina’s neighbors. Brazilian soccer fans have torn up peso bills as a mockery to their Argentine rivals. Inflation surged 12.4% in August from July, the highest rate of monthly consumer price increases since February 1991.

Persons: George Washington, United States ’, Donald Trump, Sergio Díaz, Diaz, ”, Diego Maradona, Lionel Messi, “ Harry Potter, Cristian English, Maradona Organizations: United, U.S ., Argentine Locations: BUENOS AIRES, Argentina, United States, U.S, Argentine, Paraguay, Washington, Salta, Chile

☆ Climate change and El Niño have left parts of South America sweltering under a heat wave -- in the middle of winter
▼ + stars: | 2023-08-04 | by ( Sophie Tanno | ) edition.cnn.com time to read: +5 min

CNN —Parts of South America are sweltering under abnormally hot temperatures – despite being in the depths of winter – as the combination of human-caused climate change and the arrival of El Niño feed into extreme winter heat. “This temperature is the highest recorded in this period in all of Chile,” a spokesperson for the Meteorological Directorate of Chile told CNN. Ivan Alvarado/ReutersIn Argentina, some places reached highs of 38 degrees Celsius (100.4), according to the country’s national meteorological service. This smashed the previous record for that day of 24.6 degrees Celsius (76.3 Fahrenheit) set in 1942. For comparison, New Orleans’ average high the first week of February is also 18 degrees Celsius, and the city has never been above 28.3 degrees Celsius in the first week of February.

Persons: Maximiliano Herrera, ” Herrara, ”, Maisa Rojas, Hace, Ayer, 🥵🌎, jcHZq7vL — Organizations: CNN, Northern Locations: South America, Chile, Argentina, America, Southern

☆ California's Death Valley could top 130 degrees Fahrenheit this weekend – the hottest temperature recorded on Earth
▼ + stars: | 2023-07-15 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

California's Death Valley could top 130 degrees Fahrenheit this weekend – the hottest ever on Earth. Excessive heat warnings and heat advisories now cover over 100 million people in the US, per National Weather Service. California's Death Valley could topple the hottest temperature recorded this weekend amid what the US National Weather Service dubbed "sweltering and dangerous heat." John Locher/APSummer temperatures in the infamously dry national park often top 120 Fahrenheit, according to the National Parks Service. Heat could surpass 130 Fahrenheit this weekend, the record for the hottest temperature ever reliably measured on Earth, according to the Scientific American.

Persons: John Locher, Petteri Taalas Organizations: Service, World Meteorological Organization, Weather Service, National Weather Service, National Parks Service, Scientific American, Guardian, Meteorological Organization Locations: West, Phoenix , Arizona, Europe, Turkey, Morocco, Argentina, Patagonia, Iraq

☆ El Nino may hammer Asian farms with dry weather, but shower American growers
▼ + stars: | 2023-06-01 | by ( Naveen Thukral | ) www.reuters.com time to read: +5 min

El Nino, a warming of water surface temperatures in the eastern and central Pacific Ocean, is expected to develop in the coming months, according to meteorologists. The onset of monsoon rains across South Asia is likely to be slightly delayed this year and El Nino could hit rice and oilseeds production. "El Nino could develop during July ... it might have an impact in the second half of the season," said O.P. "In general, a big part of the Pampean region and Northern Argentina have above-normal rains with the El Nino phenomenon." In Europe, where El Nino is not typically linked to pronounced weather patterns, major crops are in good shape after abundant spring rain, with the exception of drought-hit Spain.

Persons: El Nino, Chris Hyde, El, Phin Ziebell, Sreejith, Germán Heinzenknecht, David Tolleris, Rains, Naveen Thukral, Maximilian Heath, Mark Weinraub, Rajendra Jadhav, Gus Trompiz, Christian Schmollinger Organizations: Nino, El, National Australia Bank, India Meteorological Department, El Nino, HIT, Thomson Locations: Australia, India, Southeast Asia, Asia U.S, South America, SINGAPORE, Asia, U.S, Indonesia, Malaysia, Thailand, Pakistan, El Nino, Americas, Russia, Ukraine, New South Wales, Queensland, South Asia, ARGENTINA, United States, Argentina, Northern Argentina, China, Europe, Spain, Buenos Aires, Chicago, Mumbai, Bengaluru, Paris

☆ Factbox: Automakers accelerate drive to secure battery raw materials
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +7 min

read more08-Dec-2021 - Belgium's Umicore (UMI.BR) will supply cathode materials for Volkswagen's European battery cell factories under a joint venture. MERCEDES BENZ (MBGn.DE):23-Aug-2022 - Mercedes-Benz strikes cooperation agreement with Canada to secure access to lithium, nickel and cobalt. read more04-Oct-2021 - BHP Group (BHP.AX) will supply nickel sulphate from Western Australia to Toyota and Panasonic's joint venture. read moreFORD (F.N)22-July-2022 - Ioneer Ltd signs binding offtake agreement with Ford to supply lithium from Rhyolite Ridge in Nevada. read more22-Sept-2021 - Ford partners with startup Redwood Materials to form a "closed loop" or circular supply chain for electric vehicle batteries, from raw materials to recycling.

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