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...The US International Development Finance Corporation (DFC) has invested $105mn into TechMet, a $1bn critical minerals fund, which has pledged $50mn of equity for Rainbow Rare Earths, the company behind the...
...Exclusive: India is seeking to shore up its access to critical minerals such as lithium, a government official said, as the world’s most populous country rushes to catch up with rivals including China in...
...The US International Development Finance Corporation in 2020 made an equity investment in TechMet, with retired admiral Mike Mullen agreeing to lead the company’s advisory board....
...Last year, Saudi Arabia’s Saline Water Conversion Corporation launched a $10mn global prize for Innovation in Desalination....
...Indeed, the lithium market offers a cautionary tale....
...ExxonMobil plans to begin producing lithium in 2027 in a major strategic pivot....
...The company’s existing roster includes the US International Development Finance Corporation (DFC), the US government development bank, Swiss-based commodity trader Mercuria and London-based asset manager...
...“And the west from that perspective has a shorter time horizon, whether it’s corporations that have to deal with the psychology and emotions of shareholders or governments that have election cycles.”...
...Graphite is the most common material used in the anode side of lithium-ion batteries because of its relatively low cost, high energy density and stable structure....
...And Intel is far from the only major corporation to be pouring investment — and bringing jobs — to the region....
...“CEOs have to ensure AI is trustworthy,” says Ken Chenault, former chief executive of American Express and co-chair of the Data & Trust Alliance, a non-profit consortium of large corporations that is developing...
...Sodium is more abundant than lithium....
...Among other perks, Guyana also agreed to pay the companies’ income and corporation tax from its share of the profits. Mitro points to the absence of a “ringfencing” clause....
...Formed in 2019 as a spin-off from US agricultural chemicals producer FMC Corporation, Livent is seeking to break into the top ranks of lithium companies....
...Results: Eli Lilly, UPS, Under Armour, Warner Music, Fox Corporation, Rivian, AMC Entertainment, Duolingo, Lyft and Bumble all report earnings today....
...Last December, Envision AESC, a Japanese manufacturer, announced it would invest $810mn to assemble lithium-ion battery cells in Florence, a railroad hub that was once dominated by the state’s agriculture...
...State-owned China Metallurgical Group Corporation in 2007 secured the rights to Mes Aynak, one of the world’s largest known copper reserves, but did not develop it....
...These sales numbers are important, but they underscore how important an expanded supply of lithium, cobalt, nickel and other crucial metals will be for EV batteries....
...As von der Leyen noted in her speech, the EU imports 97 per cent of its lithium — crucial in the production of batteries — from China....
...The Lithea deal also represents a significant windfall for Pluspetrol Resources, a private oil producer which bought LSC Lithium Corporation, the owner of Lithea, for CAD$111m ($85mn) in 2019....
...Our Big Read explains how China is winning the race for Africa’s lithium....
...It intends to use its cheaper lithium iron phosphate (LFP) batteries in two of its models....
...Founder and CEO Rijul Gupta told Nikkei Asia’s Ryohtaroh Satoh in an interview that the Silicon Valley-based start-up is now in talks with “multiple Asian governments, as well as multiple Asian media corporations...
...Tianqi is down 16 per cent and trades at 7 times forward earnings, a more than 30 per cent discount to peers such as US-based Albemarle Corporation and mainland-listed Ganfeng Lithium....
...We are an SME from Alsace with a workforce of 130, whilst our competitors are enormous Japanese and American multinational corporations.”...
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