Lithium Americas has received a strategic investment of $250 million from funds managed by Orion Resource Partners, a global investment firm focused on metal and materials projects, for the development and construction of Phase 1 of the Thacker Pass lithium project in Humboldt County, Nevada. The target for completion of Thacker Pass Phase 1 is… Read more »
Search Results Found For: "lithium americas"
General Motors to invest $625 million in new Lithium Americas JV
General Motors (GM) has entered into a new investment agreement with Lithium Americas to establish a joint venture (JV) to fund, develop, construct and operate the Thacker Pass lithium carbonate project in Humboldt County, Nevada. GM will provide $430 million of direct cash funding and a $195 million letter of credit facility to support the… Read more »
Aquatech to provide lithium refining process for Lithium Americas’s Thacker Pass project
Water treatment company Aquatech has been awarded a contract for the lithium refining and purification process plants by Lithium Americas for the Thacker Pass lithium project in Nevada, the largest known lithium reserve in the US. Aquatech specializes in delivering process technology for the refining and purification of battery-grade lithium chemical products from clays, brines… Read more »
GM and Lithium Americas to develop lithium production through $650-million investment
General Motors and Lithium Americas plan to jointly invest in the development of the Thacker Pass mine in Nevada, which the companies call “the largest known source of lithium in the US.” GM plans to use lithium carbonate from Thacker Pass in its proprietary Ultium battery cells. As part of the deal, GM will make… Read more »
EV lithium consumption rises 40% in 2023, led by Europe and Americas
Adamas Intelligence data shows that 408,214 tonnes of lithium carbonate equivalent (LCE) were deployed globally in new passenger EV batteries last year, up by 40% from 2022. Europe and the Americas accounted for 40% of global deployment, rising by 38% to 163,423 tons in 2023. Across the three continents, Tesla took the top spot with… Read more »
Mangrove Lithium secures $35 million for electrochemical lithium refining facility in Canada
Mangrove Lithium has secured $35 million in financing to start construction of an electrochemical lithium refining plant in Delta, British Columbia. New investors included Mitsubishi, Asahi Kasei, InBC Investment, Orion Industrial Ventures and Export Development Canada. Existing investors Breakthrough Energy Ventures, BMW i Ventures and BDC Capital also joined the round. Construction is already underway… Read more »
Has CATL launched a lithium price war? (Let’s hope so!)
A few days ago, share prices of lithium miners including Albemarle, SQM, Livent, Piedmont Lithium and Lithium Americas ,plunged, losing as much as 9% on a day when the S&P 500 dropped only a fraction of a point. There had been no major moves on the commodities market, and investors not privy to inside information… Read more »
EV lithium consumption in Q3 2022 up 70% over last year
In Q3 2022, more than 77,000 tonnes of lithium carbonate equivalent (LCE) were deployed in the cells of recently sold passenger plug-in vehicles globally, 70% more than was deployed in the same period the year before, according to Adamas Intelligence. In the Asia Pacific region, LCE deployment rose 100% year-over-year in Q3 2022 to 49,000… Read more »
Forge Nano raises $40 million to scale US battery manufacturing and semiconductor equipment businesses
Forge Nano, which is developing US battery and semiconductor production, has closed a $40-million funding round to expand its manufacturing capacity. The funding was co-led by investment firm RockCreek and Ascent Funds, a US-based energy technology fund. Additional participants included Top Material, Orion Infrastructure Capital and Forge Nano’s existing investors. The company has now raised… Read more »
Air Liquide to supply oxygen to LG Chem for US EV battery plant
French industrial gas supplier Air Liquide will invest around $150 million to expand its production capacity and pipeline network in Tennessee after signing a new long-term contract to supply oxygen to South Korean chemical producer LG Chem. Air Liquide will build, own and operate a second air separation unit (ASU), liquefier, storage and a pipeline… Read more »