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Mexico’s AMLO Proposes Paltry Budget for State-Owned Lithium-Mining Company
The government of President Andrés Manuel López Obrador is proposing a $550,000 budget for the company that will be in charge of planning lithium-extraction projects and alliances with the private sector
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Tesla, Kia Supplier Moves Manufacturing Operations from South Carolina to Mexico
Gentherm will expand its operations in the northern Mexican city of Monterrey as part of its plan to improve its financial performance
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China’s Leading EV Manufacturer Sets Up Shop in Lula’s Brazil After Ford Exit
Brazil is currently the eighth largest global automobile manufacturer, producing economical models aimed at the domestic market and other developing markets
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How Will Chile’s Lithium Strategy Impact Mining Companies?
The Chilean government currently has contracts for lithium extraction with SQM and Albemarle, which would benefit from the proposed law, but which would discourage new entrants, according to Fitch Ratings
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Latin America Accelerates Lithium Project Development In Bid to Attract Investment
Chile, Argentina, Brazil and Bolivia combined have 17 projects looking to attract capital as experts highlight the need to add value to the supply chain
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US Says It Must Expand Work With Latin America on Key Minerals
The Biden administration has begun a push to diversify the US’ sources of important goods and materials and to reduce dependency on China
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Rio Tinto to Pursue Argentine Lithium Project Investment Despite Rising Costs
The Australian mining company is building a plant to produce 3000 tons of lithium carbonate annually in the Argentine province of Salta, but is also reviewing the costs
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European Union Working on E-Bus for Lithium Deal With LatAm Nations
The quid pro quo pact is part of the EU’s 300-billion-euro ($335 billion) plan called the Global Gateway, the people said
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Latin America’s Share of Global Lithium Production Seen Declining
Chile and Argentina are among the world’s four biggest producers of the mineral, which is key to electric-vehicle battery production, but production in other countries is also expected to increase
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Ford’s EV Sales Fall After Slow Recovery From Temporary Mexico Factory Shutdown
Production at the Mach-E plant in Cuautitlán, Mexico, was halted in January and February to double its capacity
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China’s EV Giant BYD Takes Next Steps on Huge Lithium Project in Chile
BYD in April was granted access to preferential prices for lithium carbonate in the country