China’s BYD, Tsingshan scrap plans for Chile lithium plants as prices plunge

China’s BYD, Tsingshan scrap plans for Chile lithium plants as prices plunge
Workers operate a drilling rig at the Aguilar salt flat, located in the Andean mountain range of the Atacama Region, Chile, on May 16, 2024. (AFP)
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Updated 08 May 2025

China’s BYD, Tsingshan scrap plans for Chile lithium plants as prices plunge

China’s BYD, Tsingshan scrap plans for Chile lithium plants as prices plunge
  • Retreat a blow to Chile’s aim to develop more domestic processing of lithium
  • Chile is the world’s no. 2 producer of the key metal for electric vehicle batteries

SANTIAGO: Chinese automaker BYD and metals group Tsingshan are backing out of multi-million dollar plans to build lithium cathode plants in Chile, the country’s economic development agency said on Wednesday.
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 no. 2 lithium producer.
Both projects were hit by plunging lithium prices, said government economic development agency Corfo, which in 2023 had tapped BYD and Tsingshan for a preferential lithium price deal as part of its efforts to spur investment in Chile.
“The companies selected by Corfo have been affected in their investment decisions by the global market conditions, which have shown a sharp drop in prices,” Corfo said in a statement.
Tsingshan told Reuters it has withdrawn plans for a $233 million project to produce 120,000 metric tons of lithium iron phosphate (LFP). Chile’s national assets ministry told Reuters that BYD filed an intent to withdraw its plans in January.
BYD, the world’s biggest maker of electric cars, declined to comment. BYD last year flagged delays to a planned $290 million plant, which was expected to produce 50,000 metric tons per year of LFP for cathodes.
Chilean newspaper Diario Financiero first reported the scrapped investments.
Chile’s effort in 2018 to encourage lithium-related investments via a pricing deal also fell apart. Chilean chemical company Molymet, China’s Sichuan Fulin Transportation Group Co. , and a joint venture between Korean firms Posco and Samsung for various reasons withdrew their plans.
Tsingshan and BYD would have had access to preferential prices of lithium produced by Chilean miner SQM through 2030, a timeframe that Corfo said also may have influenced the withdrawal of the projects.
In addition, Corfo said Tsingshan had wanted to assign the project development to a unit of the company that had not participated in the bidding process, which Corfo said was not possible.
Corfo last week opened a second bidding process for a similar scheme, this time to provide a purchasing deal with US lithium producer Albemarle through 2043 for companies that commit to lithium-related projects.
Albemarle and the selected investors will be able to use an “alternative form” to determine a price agreement, Corfo said.


India wraps up mass Hindu pilgrimage in contested Kashmir

India wraps up mass Hindu pilgrimage in contested Kashmir
Updated 16 sec ago

India wraps up mass Hindu pilgrimage in contested Kashmir

India wraps up mass Hindu pilgrimage in contested Kashmir
  • More than 400,000 Hindus took part in month-long pilgrimage that began on July 3 
  • Many began trek to Amarnath from near Pahalgam, where gunmen killed 26 in April 

SRINAGAR, India: More than 400,000 Hindus took part in a month-long pilgrimage in contested Indian-run Kashmir, authorities said, shrugging off security worries weeks after conflict with Pakistan.

The pilgrimage began on July 3 and closes officially on August 9, but organizers said that lashing rains had damaged narrow paths forcing a premature end.

Official Vijay Kumar Bidhuri said in a statement late Saturday that 415,000 pilgrims had taken part.

Many of the faithful began their trek to the Amarnath ice pillar from near Pahalgam, where gunmen on April 22 killed 26 mostly Hindu tourists in the Muslim-majority region.

New Delhi said the gunmen were backed by Pakistan, claims Islamabad rejected — triggering a series of tit-for-tat diplomatic measures that escalated into a four-day conflict.

It was the worst standoff by the nuclear-armed nations since 1999, with more than 70 people killed in missile, drone and artillery fire on both sides, before a May 10 ceasefire.

New Delhi last week said that three Pakistani men who carried out the Pahalgam attack were killed during a gunbattle on July 28 in forests adjacent to the hills where the cave shrine is located.

A few devotees may still visit the cave, but the numbers this year fall short of the estimated half a million devotees who took part in 2024.

Officials appealed to Hindus to undertake the pilgrimage, ramping up security for the event by deploying 45,000 troops with high-tech surveillance tools overseeing the grueling trek to the cave, dedicated to Shiva, the deity of destruction.

On Sunday, Indian forces exchanged fire with gunmen for a third day in Kulgam, far from the Amarnath pilgrimage route.

Soldiers have killed two militants, a senior police officer said.

Kashmir has been divided between the India and Pakistan since their independence from British rule in 1947, with both administering it in part and claiming in full.

Rebel groups have fought Indian forces for decades, demanding Kashmir’s independence or its merger with Pakistan.


Tens of thousands join pro-Palestinian march over Sydney Harbor Bridge

Tens of thousands join pro-Palestinian march over Sydney Harbor Bridge
Updated 13 min 29 sec ago

Tens of thousands join pro-Palestinian march over Sydney Harbor Bridge

Tens of thousands join pro-Palestinian march over Sydney Harbor Bridge
  • Protesters demand peace and aid for Gaza amid worsening humanitarian crisis
  • Supreme Court allows Sydney march despite police safety concerns
  • Diplomatic pressure on Israel increases as countries recognize Palestinian state

SYDNEY: Tens of thousands of demonstrators braved pouring rain to march across Sydney’s iconic Harbor Bridge on Sunday calling for peace and aid deliveries in the war-torn Gaza Strip, where a humanitarian crisis has been worsening.
Nearly two years into a war that Palestinian authorities say has killed more than 60,000 people in Gaza, governments and humanitarian organizations say a shortage of food is leading to widespread starvation.
Some of those attending the march, called by its organizers the ‘March for Humanity’, carried pots and pans as symbols of the hunger.
“Enough is enough,” said Doug, a man in his 60s with a shock of white hair. “When people from all over the world gather together and speak up, then evil can be overcome.”
Marchers ranged from the elderly to families with young children. Among them was Wikileaks founder Julian Assange. Many carried umbrellas. Some waved Palestinian flags and chanted “We are all Palestinians.”
New South Wales police said up to 90,000 people had attended, far more than expected. The protest organizer, Palestine Action Group Sydney, said in a Facebook post as many as 300,000 people may have marched.
New South Wales police and the state’s premier last week tried to block the march from taking place on the bridge, a city landmark and transport thoroughfare, saying the route could cause safety hazards and transport disruption. The state’s Supreme Court ruled on Saturday that it could go ahead.
Acting Deputy Police Commissioner Peter McKenna said more than a thousand police were deployed and the size of the crowd had led to fears of a crush.
“No one was hurt,” he told a press conference. “But gee whiz, I wouldn’t like try and do this every Sunday at that short notice.”
Police were also present in Melbourne, where a similar protest march took place.
Diplomatic pressure ramped up on Israel in recent weeks. France and Canada have said they will recognize a Palestinian state, and Britain says it will follow suit unless Israel addresses the humanitarian crisis and reaches a ceasefire.
Israel has condemned these decisions as rewarding Hamas, the group that governs Gaza and whose attack on Israel in October 2023 began an Israeli offensive that has flattened much of the enclave. Israel has also denied pursuing a policy of starvation and accused Hamas of stealing aid.
Australia’s center-left Prime Minister Anthony Albanese has said he supports a two-state solution and Israel’s denial of aid and killing of civilians “cannot be defended or ignored,” but has not recognized Palestine.
Therese Curtis, a marcher in her 80s, said she had the human right and privilege of good medical care in Australia.
“But the people in Palestine are having their hospitals bombed, they’re being denied a basic right of medical care and I’m marching specifically for that,” she said.


New Zealand woman arrested after traveling with child in suitcase

New Zealand woman arrested after traveling with child in suitcase
Updated 34 min 7 sec ago

New Zealand woman arrested after traveling with child in suitcase

New Zealand woman arrested after traveling with child in suitcase
  • The 27 year old woman was arrested and charged with ill treatment and neglect of a child

WELLINGTON: A New Zealand woman was arrested on Sunday after traveling on a bus with a two-year-old girl trapped in her luggage.
Detective Inspector Simon Harrison said the woman had been charged with ill-treatment and neglect of a child.
Police were called to a bus depot in Kaiwaka — 100 kilometers (62 miles) north of Auckland — after the bus driver became concerned about a bag moving during a scheduled stop.
“When the driver opened the suitcase, they discovered the two-year-old girl,” Harrison said.
“The little girl was reported to be very hot, but otherwise appeared physically unharmed.”
The luggage had been stored beneath the bus passengers, in a separate compartment.
Harrison said the girl is in hospital undergoing an extensive medical assessment.
A 27-year-old woman was arrested.
Harrison said the driver prevented “what could have been a far worse outcome.”
He said further charges are possible.
New Zealand’s Ministry for Children, Oranga Tamariki, had been notified.


UK threatens jail for people smugglers who advertise on social media

UK threatens jail for people smugglers who advertise on social media
Updated 03 August 2025

UK threatens jail for people smugglers who advertise on social media

UK threatens jail for people smugglers who advertise on social media
  • Under a new offense, which will be added to legislation already passing through parliament, individuals who post online to advertise services that facilitate a breach of immigration laws will face fines and prison sentences of up to five years

LONDON: People smugglers who use social media to promote their services to migrants seeking to enter Britain illegally could face five years in prison under plans announced by the government.
Prime Minister Keir Starmer’s Labour government is under huge political and public pressure to cut the number of migrants arriving illegally in small boats from France. More than 25,000 people have made the crossing so far this year.
Analysis by the Interior Ministry showed around 80 percent of migrants arriving on small boats had used social media during their journey to find or communicate with people smugglers.
Under a new offense, which will be added to legislation already passing through parliament, individuals who post online to advertise services that facilitate a breach of immigration laws will face fines and prison sentences of up to five years.
It is already an offense to facilitate illegal immigration to Britain, but the government said its latest plan would give law enforcement agencies another option to disrupt the criminal gangs that profit from organizing the crossings.
Last month, the government launched a new sanctions regime allowing it to freeze assets, impose travel bans and block access to the country’s financial system for individuals and entities involved in enabling irregular migration.


Ukrainian drone attack sparks massive fire at Russian oil depot near Sochi

Ukrainian drone attack sparks massive fire at Russian oil depot near Sochi
Updated 03 August 2025

Ukrainian drone attack sparks massive fire at Russian oil depot near Sochi

Ukrainian drone attack sparks massive fire at Russian oil depot near Sochi
  • Videos on social media appeared to show huge pillars of smoke billowing above the oil depot
  • Russia’s civil aviation authority, Rosaviatsia, temporarily stopped flights at Sochi’s airport

An overnight Ukrainian drone attack on an oil depot near Russia’s Black Sea resort of Sochi sparked a major fire, Russian officials said Sunday, as the two countries traded strikes.
More than 120 firefighters attempted to extinguish the blaze, sparked after debris from a downed drone struck a fuel tank, Krasnodar regional Gov. Veniamin Kondratyev said on Telegram. Videos on social media appeared to show huge pillars of smoke billowing above the oil depot.
Russia’s civil aviation authority, Rosaviatsia, temporarily stopped flights at Sochi’s airport.
Further north, authorities in the Voronezh region reported that four people were wounded in another Ukrainian drone strike.
Russia’s Defense Ministry said its air defenses shot down 93 Ukrainian drones over Russia and the Black Sea overnight into Sunday.
Meanwhile, in southern Ukraine, a Russian missile strike hit a residential area in the city of Mykolaiv, according to the State Emergency Services, wounding seven people.
The Ukrainian air force said Sunday Russia launched 76 drones and seven missiles against Ukraine. It said 60 drones and one missile were intercepted, but 16 others and six missiles hit targets across eight locations.
The reciprocal attacks came at the end of one of the deadliest weeks in Ukraine in recent months, after a Russian drone and missile attack on Thursday killed 31 people, including five children, and wounded over 150.
The continued attacks come after US President Donald Trump gave on Tuesday Russian President Vladimir Putin a shorter deadline — Aug. 8 — for peace efforts to make progress.
Trump said Thursday that special envoy Steve Witkoff is heading to Russia to push Moscow to agree to a ceasefire in its war with Ukraine and has threatened new economic sanctions if progress is not made.