Chilean lithium producer SQM shares punished after $1 billion of shares auctioned below ruling price.
Lithium Mining News
Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine.
The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.
Mining lithium in the salars of Chile and Argentina is much more cost-effective than hardrock mining.
Time to curb your enthusiasm about the electric vehicle boom and surging demand, prices for lithium, cobalt, nickel, rare earth and graphite?
The land is located in the northern area of the giant Salar del Hombre Muerto salt flat.
Worldwide there are over 30,000 exploration projects.
They deposited copper on the ion-bombarded graphite.
PREMIUM CONTENT - Although Lithium Chile (TSXV: LITH) has been a lithium-focused company since 2015, that wasn’t always the case. It went public in 2011 under the name Kairos Capital, and did so with six copper-gold prospects in Chile.
While lithium today isn’t the linchpin of Chile’s economy (that would be copper), miners are aggressively expanding production.
SQM, world no 3 lithium miner, plans to nearly quadruple capacity in fewer than three years – to the equivalent of 84% of global output last year.
McKinsey asks if the availability and rising prices of cobalt, lithium, copper and nickel will constrain greater electric vehicle penetration.
In a written decision, it said it was "the responsibility of the lower-court judge" who is reviewing the case and was not a constitutional issue.
The Trump administration is strategizing to reduce import reliance for metals "critical to the economic and national security of the United States."
However, the Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 8% in the three months to March 2018.
Chilean miner SQM said on Thursday that it would invest $525 million to boost its lithium production capacity in Chile through 2021.
Lack of clarity on environmental rules, overlapping federal and local taxes, and regulations that vary from province to province continue to loom over proposed mines.
Alberta's E3 Metals Corp. developed a chemical extraction process that allows lithium to be produced in hours.
The Australian-listed company expects to secure more than $55 million in funding for the first phase of the Arcadia Lithium project.
Chinese cobalt producers such as Jinchuan Group and Wanbao Mining said they were ramping up production to sate an anticipated demand boom from EVs.
Chengdu-based Tianqi is seeking to almost triple production capacity through 2020.
The new era of big batteries has already drawn scrutiny after fiery electric-car crashes across America and Europe.
Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the US deems essential to national security.
There is an emerging oligopoly in one of the hottest elements on the periodic table, lithium.