Electric Vehicle Market Witnessing Exponential Growth is Proving to Beneficial for Lithium Mining
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PALM BEACH, Fla., June 9, 2021 /PRNewswire/ The electric vehicles (EVs) market has grown rapidly in the past few years and shows signs of continuing expansion for several years to come which is proving to be a huge windfall for Lithium production. Today, with the increasing concerns raised over the environmental impact of conventional vehicles, governments around the world are encouraging the adoption of vehicles using alternative sources of fuel. EVs are zero-emission vehicles and are gaining preference for clean public transport across countries. Several national governments offer financial incentives, such as tax exemptions and rebates, subsidies, reduced parking/toll fees for EVs, and free charging, to encourage the adoption of EVs. Thus, globally the requirement of EV battery is gaining fast pace. The
Lithium is running into a severe supply-demand situation. All thanks to electric vehicle (EV) demand growing much faster than anyone expected. “By 2030, the world will see 125 million EVs on the road, which will only drive further demand for .
Lithium Americas, Ganfeng planning Stage 2 expansion at Caucharí-Olaroz
Lithium Americas’ Caucharí-Olaroz project, located in Argentina’s Jujuy province. (
Lithium Americas (TSX: LAC) (NYSE: LAC) announced on Friday that the company and its partner Ganfeng Lithium have approved a second stage expansion at the Caucharí-Olaroz lithium project in Jujuy province, Argentina.
Caucharí-Olaroz, named after the two salars in northwest Argentina where the project is located, has an annual production capacity of 40,000 tonnes lithium carbonate equivalent (LCE) over a projected mine life of 40 years.
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Development planning is now underway for the Stage 2 expansion, which is expected to add at least 20,000 tpa of production capacity to the Caucharí-Olaroz operation beginning in 2025.
Lithium Americas and Ganfeng Lithium commence expansion planning at Caucharí-Olaroz batteryindustry.tech - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from batteryindustry.tech Daily Mail and Mail on Sunday newspapers.
0.44%
In addition, the ordinary resolution approving all unallocated options under the Company s stock option plan was approved with 71.31% of the votes cast in favour of such resolution, and the ordinary resolution reconfirming the Company s shareholder rights plan was approved with 89.38% of the votes cast in favour of such resolution.
Detailed voting results for the 2021 Annual General Meeting are available on SEDAR at www.sedar.com
About Amerigo
Amerigo Resources Ltd. is an innovative copper producer with a long-term relationship with Corporación Nacional del Cobre de Chile (“Codelco”), the world’s largest copper producer.
Amerigo produces copper concentrate and molybdenum concentrate as a by-product at the MVC operation in Chile by processing fresh and historic tailings from Codelco’s El Teniente mine, the world s largest underground copper mine. Tel: (604) 681-2802; Fax: (604) 682-2802; Web: www.amerigoresources.com; Listing: ARG:TSX.