(Reuters) – Chile, the world’s second largest lithium producer, said it plans to transfer control of the production of the mineral essential for electric vehicle (EV) batteries to a new state-owned company. Here are key facts about lithium and EVs: WHAT IS LITHIUM? The silvery-white element is the lightest metal and highly reactive, giving it…
By Gabriel Burin BUENOS AIRES (Reuters) – Argentina’s economy will teeter on the edge of a deeper crisis in the run up to October’s presidential vote as growing market anxiety adds to a harmful mix of drought-induced recession and skyrocketing inflation, a Reuters poll showed. A flight to the safe-haven U.S. dollar sped up this…
(Reuters) – The Mexican parliament’s lower house voted to press ahead with the proposed overhaul of the country’s mining laws which include shortening concessions, tightening water permits and giving back some profits, moves criticized by industry leaders. Mexico is the world’s top silver producer and one of the largest producers of copper and gold. Since…
By Matthew Chye (Reuters) – Chile’s President Gabriel Boric announced on Thursday he would nationalise the country’s vast lithium industry to boost the economy and protect the environment. The shock announcement is the latest in a trend as countries look to assert greater control over key resources amid intensifying competition for materials that are crucial…
PARIS (Reuters) – French police is allowed from Friday to use drones equipped with cameras for a wide range of tasks including crowd monitoring and border control, following the publication of a decree in the Official Journal on Thursday. This comes just over a year before the Paris 2024 Olympics and at a time when…
HONG KONG (Reuters) – China’s BYD Co Ltd, the world’s largest electric vehicle (EV) maker, plans to build a $290 million lithium cathode factory in Chile’s northern Antofagasta region, said Chilean economic development agency CORFO. The South American country’s government has named BYD Chile a qualified lithium producer, CORFO said, giving it access to preferential…
By Jeff Mason WASHINGTON (Reuters) -President Joe Biden announced plans to increase U.S. funding to help developing countries fight climate change and curb deforestation in Brazil’s Amazon rainforest during a meeting on Thursday with leaders from the world’s largest economies. During a virtual meeting of the Major Economies Forum on Energy and Climate, Biden urged…
By Jeff Mason and Julia Symmes Cobb WASHINGTON (Reuters) – U.S. President Joe Biden praised Colombian President Gustavo Petro on Thursday for his country’s treatment of refugees from Venezuela and for his commitment to democracy and human rights. During a meeting at the White House, Biden said the United States and Colombia could deepen their…
SAO PAULO/BRASILIA (Reuters) -Brazil’s finance minister said on Thursday the country would implement a “digital tax” on shipments from e-commerce giants, after backtracking earlier this week from a decision to tax individual-to-individual shipments of up to $50. “We will follow the example of developed nations, a digital tax,” Finance Minister Fernando Haddad told reporters. “Consumers…
By Dave Sherwood HAVANA (Reuters) – Russian Foreign Minister Sergei Lavrov met on Thursday with Cuban President Miguel Diaz-Canel and Foreign Minister Bruno Rodriguez in Havana, the latest in a series of visits to shore up support among Russia’s closest allies in Latin America. Russia, hit by Western sanctions over the conflict in Ukraine, is…
