Latin America Accelerates Lithium Project Development In Bid to Attract Investment. Sigma Lithium, with projects in Brazil's Minas Gerais state, is one of the companies leading exploration in the region.
Fernandes pointed out that this should change, as China and Russia have committed to accelerating lithium carbonate production in the Andean country, with investments of more than $1 billion. Within the fierce global competition, Sigma Lithium ( SGML) CEO Ana Cabral-Gardner noted that the raw material itself is not rare.
Battery Materials Review tracks companies exploring for and developing orebodies containing key raw materials to manufacture batteries, such as Cobalt, Graphite, Lithium, Manganese, Nickel, REE and Vanadium.
KPMG’s energy and natural resources leader in Latin America, Manuel Fernandes, told Bloomberg Línea that, from a geographical point of view, the map of large lithium reserves has been changing.
Currently, the royalty paid for lithium extraction in the country is 40% of the export price, considered one of the highest in the world. President Gabriel Boric has announced that the country will nationalize the lithium industry, transferring existing operations to a state-owned company in the future.
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Latin America Accelerates Lithium Project Development …
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Battery Materials News & Market Research
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Materials Project
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Guatemala lithium battery technology
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BTR New Material Group Co., Ltd.
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