CHINESE automaker BYD and metals group Tsingshan are backing out of multi-million dollar plans to build lithium cathode plants in Chile, according to the country’s economic development agency, reports Reuters. The retreat by the two huge Chinese companies is a blow to Chile’s aim to develop more domestic processing of lithium, a key metal for electric vehicle batteries. Chile is the world’s number two lithium producer. Both projects were hit by plunging lithium prices, said government economic...
https://www.seanews.com.tr/byd-tsingshan-scrap-chile-lithium-plant-plans/203334/