Lithium Mining News

Apple in talks to buy cobalt directly from miners — report

Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Eramet eyes expansion in electric vehicle metals

Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit in Argentina.

Toyota to make cheaper electric motors by halving use of rare earths

Asia’s No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world’s most powerful batteries for electric vehicles.

Battery-technology metals to leave gold, silver in the dust: readers

A whopping two-thirds of MINING.com readers say battery-technology metals will perform better than precious or base metals this year.

US seeks to boost output of 35 minerals, reduce import reliance

The administration wants to identify new domestic sources of critical minerals and increase domestic exploration, mining and recycling.

Sweden hunts for cobalt as electrical vehicle race boosts demand

Sweden will step up efforts to find precious minerals such as cobalt and lithium, key battery components that are in demand among makers of EVs.

Renaissance Technologies increases stake in lithium producer SQM

As of Dec. 31, the firm owned 1.2 million American depositary receipts in SQM, one of the world’s largest lithium producers.

MGX eyeing lithium brine assets in Chile

Without changing the way it operates, the Canadian miner now wants to set foot in the world’s second lithium producing country.

Soaring cobalt prices force Samsung SDI to mine metal from old phones

The firm is also trying to halve use of cobalt in batteries from around 20% by raising the proportion of nickel, and it will start researching on development of nearly cobalt-free batteries.

BMW mining deals imminent as cobalt price powers on – report

"The aim is to secure the supply all the way down to the level of the mine, for 10 years."

Ivanhoe boss said he’d pay higher taxes in Congo if it benefits locals

Robert Friedland, founder and executive chairman of Ivanhoe Mines, said he would be happy to pay higher taxes if there is stability in Congo's rules and transparency in the accounting of those royalties.

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Why Tesla is turning to Chile for its lithium: Andy Home

Chile is an obvious place for Tesla's chief executive, Elon Musk, to look for secure supply, as the global lithium mother-lode is in the brine lakes of the country's Atacama desert.

Zimbabwe to enter lithium market with $1.4bn mine

Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.

Pile-of-cash dilemma for mining industry once crippled by slump

With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about $87 million a day.

Rio Tinto back in race for stake in world’s largest lithium miner

Rio’s renewed interest in SQM is welcome by the Chilean government, which had expressed concerns about a potential and dangerous concentration in the market should major lithium producers, such as China’s Tianqi, acquire the 32% interest in SQM.

Electric cars and niche metals lure cash to Africa's mines

Here are five metals grabbing attention across the continent.

These are top-10 global mining trends expected for 2018

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

Chile open to increasing SQM lithium quota to satisfy Tesla -Corfo

Tesla and SQM were exploring opportunities after Tesla expressed interest in buying "important volumes" of lithium hydroxide from SQM.

Best-performing battery metal of the past year isn't cobalt

A metal that’s in demand for batteries is surging, and it’s not the one everyone’s talking about.

Avalon announces start of winter drilling program on Separation Rapids Lithium project

At least seven holes totalling 1500 metres are planned at the Ontario-based project.

Caterpillar beats estimates again, delivers bullish outlook for 2018

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

These are some of the top mining assets on the block

Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.

Chile's Corfo, SQM strike deal in lithium dispute

The deal frees the miner to apply for increase in production quota amid demand boom and surging prices for lithium, which is used in EV batteries.