Chile is preparing major new restrictions on the extraction of water from the lithium-rich Salar de Atacama salt flats, home to top lithium miners Albemarle and SQM.
Lithium Mining News
Kemetco recovered 97.5% cobalt, 97.61% manganese, 97.23% nickel, and 68.75% lithium with recovery expected to increase.
Nemaska Lithium has entered into a 5 year supply agreement in which it supplies battery grade lithium hydroxide to Northvolt.
International Battery Metals is going to work with Impact Technology Development on the design and construction of its first proprietary mobile lithium extraction unit.
The downturn in Chinese lithium prices has also led to many false conclusions about what is really happening to the lithium price.
The final deal size could be smaller than $1 billion due to a steep drop in lithium carbonate prices.
The global smartphone market accounts for the largest consumer electronics segment, accounting for around half of its market share.
Playbook follows success in the iodine market
China's largest lithium battery maker will produce nickel-rich batteries, which are cheaper to make and have longer life-spans than cobalt-based ones.
Canadian company is focused on unlocking the value of existing large-scale US based lithium bearing brine resources that can be brought into production quickly.
Australia is at an economic crossroads. The perceived end of the mining boom and the disappearance of the last bastions of the traditional manufacturing sector have created uncertainty about Australia’s future and its place in the global economy.
Some of the latest battery technologies may become obsolete before reaching the market because of the breakneck pace of advances in the industry.
The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.
While lithium and potash are often found in the same deposits and mined together, the increasing number of projects aimed at producing the white metal shouldn’t have an impact in the potash market.
The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.
Peruvian President Martin Vizcarra says his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine.
MGX acquires lithium brine projects in Chile – rapid lithium extraction to be tested – drilling to commence shortly
MGX plans to drill and test for lithium deposits from CLS' three sites, Francisco Basin, Laguna Brava and Laguna Escondida, with the goal of bringing its rapid extraction system to the heart of the lithium triangle.
Exactly six months after hinting at the possibility of opening shop in Chile, MGX Minerals is acquiring 50 per cent of the issued shares of Chilean Lithium Salars.
The value of exports of the metal from Chile, one of the world's top producers of lithium, jumped 51 percent in the first seven months of the year.
For the International Energy Agency, having the Democratic Republic of Congo as the supplier of almost 60 per cent of the global production of cobalt is a risky business.
Short selling of shares in lithium miners SQM, Albemarle, Galaxy and Orocobre has ballooned this year, reflecting a sign of growing scepticism.
Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.
The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.
Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.