Chilean lawmakers study extra tax for copper, lithium mines
Chile's congress is studying a proposal for an additional royalty payment for copper and lithium miners operating in the country to bolster the development of the regions around their deposits, according to a draft seen by Reuters. The initiative, which was put forward by opposition legislators from mining areas and does not have government backing, proposes a 3 percent tax on the nominal value of extracted metals and would apply to copper miners producing more than 12,000 tonnes of copper a year and 50,000 tonnes of lithium.
World shifting gear. First half 2018: car makers commit to $250b investment in electric vehicles to 2023...
@ProfRayWills: World shifting gear. First half 2018: car makers commit to $250b investment in electric vehicles to 2023; battery makers announce 334GWh new factory capacity to 2022; 1m EV sales; Fleet 4m EVs; China >2m/yr EVs capacity 2019. Future of vehicles electric
@greentechmedia says one day, your battery will sell energy to your neighbor's car.
Talk about being neighborly. @greentechmedia says one day, your battery will sell energy to your neighbor's car.
Audi reveals E-Tron electric SUV with $74,800 starting price
Audi has announced its first production all-electric vehicle, the E-Tron midsize SUV. While we've seen the "E-Tron" moniker for Audi's prior plug-in hybrid offerings, not to mention a whole bunch of concepts, this full-fledged EV promises to give the Tesla Model X and Jaguar I-Pace, to say nothing of the upcoming Mercedes-Benz EQC and Porsche Taycan, a run for their money.
According to the latest data, battery demand for energy storage systems could grow by around 40% per year
@northvolt: According to the latest data, battery demand for energy storage systems could grow by around 40% per year up to 290 GWh by 2030, with the most extensive application at grid-scale.
Tesla Bringing 3 New "Grohmann Machines" Online To Reach 8,000 Battery Packs/Week
@cleantechnica: Tesla Bringing 3 New "Grohmann Machines" Online To Reach 8,000 Battery Packs/Week
Spending rules put cloud over Kidman Resources, SQM's Mt Holland lithium mine
Kidman Resources' Mt Holland lithium project near Southern Cross has been placed under a cloud by a recommendation of the WA Warden's Court. The court yesterday recommended Mines Minister Bill Johnston refuse requests by Kidman to be exempt from minimum expenditure obligations over 13 mining tenements held by the company's subsidiaries. The recommendation, which follows a hearing in November last year, puts a question mark over whether the company will have the right to develop the tenements into a mine. However, Mr Johnston will make a final decision on the matter and could rule against the recommendation.
Neometals receives 50 cent price target from Euroz
Neometals Ltd (ASX:NMT) has received a Buy recommendation and price target of 50 cents per share from Euroz - a Perth-based financial services company focused on the ASX. Neometals is building an integrated lithium business which began with its 13.8% interest in the operating Mt Marion Lithium Mine in Western Australia. Recently, the company outlined plans to demerge its titanium and vanadium assets. The spin-out will allow Neometals and the new company to separately focus on the development of their respective integrated lithium and titanium-vanadium strategies.
State, Federal governments urged to act on lithium
A major report on the future of Australia's mining sector has backed industry calls for State and Federal governments to help invest in downstream processing of battery minerals and provide the next generation of high-tech jobs in WA and across the nation. The Resources 2030 Taskforce report, to be delivered to Federal Resources Minister Matt Canavan today, recommends the Federal Government act quickly to help develop "strategic plans" to ensure Australia refines the commodities it mines and moves up the manufacturing chain to produce higher value products.
This sets the tone for lithium's new era. LG Chem know what they are doing...
@sdmoores: This sets the tone for lithium's new era. LG Chem know what they are doing nearly 100k now locked in 2019 to 2025 from Ganfeng (Lithium Carbonate and hydroxide). Short term price softness / China's price fall, isn't medium or long term picture.