{"id":86633,"date":"2024-09-10T00:00:00","date_gmt":"2024-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/09\/10\/china-to-establish-usd-1-4-bn-lithium-miner\/"},"modified":"2024-09-10T00:00:00","modified_gmt":"2024-09-10T00:00:00","slug":"china-to-establish-usd-1-4-bn-lithium-miner","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/09\/10\/china-to-establish-usd-1-4-bn-lithium-miner\/","title":{"rendered":"China to establish USD 1.4 bn lithium miner"},"content":{"rendered":"

China to set up USD 1.4 bn lithium miner: <\/strong>State-owned China Minmetals announced plans to develop a CNY 10 bn (USD 1.41 bn) miner in lithium-rich Qinghai under a joint venture with several local firms, Reuters<\/a> reports. The JV \u2014 which was provisionally named China Salt Lake Industry Group \u2014 will develop a production hub aimed at boosting potassium and lithium resources \u2014 two key inputs in electric vehicle batteries. The JV will acquire a 12.54% stake in Qinghai Salt Lake Industry, which controls the country\u2019s most potassium and lithium resources. Minmetals plans to invest CNY 5.3 bn in the JV.<\/p>\n

Italy <\/strong>starts preliminary talks to set up a nuclear power company:<\/strong> Italy began initial discussions with Ansaldo Nucleare, Enel, and Newcleo to establish a new company tasked with developing small nuclear reactors, <\/span>Bloomberg<\/a> reported earlier this week, citing people it says were familiar with the matter. Italy\u2019s Industry Minister Adolfo Urso said the country was looking to establish the new firm with a foreign technological partner, yet did not disclose the identities of firms said to be involved in the talks. The government is also working on new legislation to be announced later this year to reintroduce nuclear energy after banning the tech for decades.<\/span><\/p>\n

Nuclear power is gaining traction globally: <\/strong>Poland said it is allocating PLN 4.6 bn (c. USD 1.2 bn) to start work on its first nuclear power plant last month<\/a>. China also recently approved<\/a> the construction of 11 nuclear reactors across five sites for a total of CNY 220 bn (c. USD 31 bn). Turkey is also looking to build<\/a> its second nuclear plant with Russia\u2019s state-owned power company Rosatom being the leading bidder for the project.<\/p>\n

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India\u2019s Suzlon Group secures country\u2019s largest wind energy order: <\/strong>India\u2019s largest renewable energy solutions provider Suzlon Group secured a 1.16 GW wind energy order from NTPC Green Energy \u2014 the renewables arm of India\u2019s largest energy producer NTPC, according to a statement<\/a>. The order will see Suzlon install a total of 370 wind turbine generators across three sites in Gujarat with the electricity generated sufficient to power 3 mn homes. The order brings Suzlon\u2019s cumulative order book close to 5 GW, according to the statement.<\/p>\n

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