By Shane Lasley
Metal Tech News
BMW secures $335M of lithium from Livent
Automaker continues to go to the mines for battery metals Metal Tech News – March 31, 2021
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Last updated 7/10/2022 at 3:11pm
Livent Corp.
Livent uses a non-evaporation process to extract lithium from the Salar del Hombre Muerto salt lake in northern Argentina.
In a move to secure the lithium needed to power its e-mobility aspirations, BMW Group has entered into a deal with Livent Corp. to supply roughly US$335 million (285 million euros) worth of this vital battery metal beginning in 2022.
BMW Group plans to have about a dozen fully electric models on showroom floors and expects that battery EVs will make up more than half of its total sales by 2030....
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