Joint Investment in Chile’s  Lithium Industry
Joint Investment in Chile’s  Lithium Industry

Joint Investment in Chile’s Lithium Industry

Joint Investment in Chile’s Lithium Industry

Chile’s development agency Corfo said that companies from China and South Korea, as well as Chile, had been approved to make investments of around $754 million in the red-hot lithium industry, Reuters reported. The companies selected in a bidding process to develop technology focused on the lithium market were Chile’s Molymet and China’s Sichuan Fulin Industrial Group, a joint venture between Samsung SDI Co Ltd and South Korea’s POSCO .Corfo said that within two years the companies would be ready to produce about 58,000 tons of cathode per year, the main material in lithium batteries. The Atacama salt flat is part of the so-called “lithium triangle” in Argentina, Bolivia and Chile, a region containing a large portion of the world’s lithium reserves. Investment and output have increased in recent years as demand for electric vehicles surges.


Short URL : https://goo.gl/rrk1Nx
  1. https://goo.gl/rYwbUi
  • https://goo.gl/We8dxg
  • https://goo.gl/FVbKMt
  • https://goo.gl/5tkEEY
  • https://goo.gl/xNeibK

You can also read ...

Big Data, Online Markets Can Lead to Higher Prices
Information technology is not just transforming markets; it is...
Air India Sale Hangs in Balance
Uncertainty hangs over the Indian government's plans to sell...
Liu He (L) and Steven Mnuchin after the joint statement to avoid a trade war.
With "minutes to midnight", the great US-China trade war...
Italy could set the stage for the bloc’s next crisis if it delivers on its tax-cutting and high-spending policies.
Capital investment in 24 of the EU’s 28 member states has...
Bangla Trade Deficit Doubles
Bangladesh’s trade deficit has almost doubled within 12 months...
A meeting of eurozone finance ministers is set for June 21.
Greece’s creditors have agreed a program of reforms as the...
Cumulative gross financing needs could amount  to $69.3 billion for 2018 for the six-nation group.
While public debt levels remain at manageable levels for most...
Egypt Gets Bids for Power Plant
Egypt next week will announce the winning consortium to build...

Add new comment

Read our comment policy before posting your viewpoints