A first phase would include production of 20,000 metric tons of lithium carbonate equivalent a year via evaporation pondsbillion
Rothschild & Co has formally started to assess candidates to partner with Chile’s state-run miner Codelco on a major new lithium project slated to begin production in 2030, according to documents seen by Reuters on Thursday.
A second phase will target 30,000 metric tons of LCE a year via direct lithium extraction , with initial capital cost of $1.1 billion. “Rothschild & Co is currently qualifying participants in the process and is inviting certain parties to review the information contained herein,” states the investment document.
The government has tasked Codelco with spearheading efforts to boost its role in lithium production, and reached a milestone last week as the copper giant announced final plans for a tie-up with SQM in the Salar de Atacama from 2025 to 2060.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BP softens tone on 2030 oil output cut to reassure investorsBP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a...
Read more »
BP softens tone on 2030 oil output cut to reassure investorsExplore stories from Atlantic Canada.
Read more »
Ethereum price to hit $22,000 by 2030: VanEck predictsVanEck, a prominent asset manager, has confidently projected that Ethereum will reach $22,000 per coin by 2030.
Read more »
$4,800 gold by 2030 ‘sounds pretty realistic’The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Free ferries, performing arts centre highlights of Downtown Halifax Vision 2030Explore stories from Atlantic Canada.
Read more »
Free ferries, performing arts centre highlights of Downtown Halifax Vision 2030Explore stories from Atlantic Canada.
Read more »