Lithium Mining News

LME rethinks cobalt contract for electric vehicle sector

The exchange is instead looking at offering a cash-settled cobalt metal contract.

Why electric vehicles could fracture the nickel market: Andy Home

The EV story is a strong, slow-burn bull case for higher nickel prices.

Scientists closer to producing safer and longer-lasting lithium battery

Using a 3-D layer of polydimethylsiloxane (PDMS), or silicone, reduces dendrite growth, which makes batteries safer and longer-lasting.

Cobalt consumers main victims of Congo’s new mining code — analysts

A new mining code in the cobalt-rich Congo will lead to higher costs for consumers of the battery metal at a time automakers are expanding production of electric vehicles, experts say.

Rush for cobalt, lithium as prices stay on the boil

Electric vehicle boom sees number of companies exploring for lithium and cobalt tripling to 188 as budgets balloon according to new report.

Global metals exploration anticipated to rise 20% in 2018

Global spending on the search for nonferrous metals rose to an estimated US$8.4 billion in 2017, compared with US$7.3 billion in 2016.

Tapping the lithium rush, Canadian miner stakes claims in Utah

The play by Vancouver-based MGX Minerals is part of a global scramble for the super-light metal used in smart phones and electric vehicles.

Chile to attract $65 billion in mining investments by 2038 — minister

According to minister Aurora Williams, miners with operations in the country currently spend $20 billion on support services a year and figure is set to increase.

SQM talks down lithium oversupply, says market to grow 80% a year

According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a year until 2023.

Aussie company signs agreement with Argentinian province over lithium assets

The deal confirms the company’s tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the Paso Lithium Brine Project.

Giustra-backed Lithium X plunges on doubts about Chinese buyer

The Vancouver-based company fell the most in nearly two years Wednesday.

Zimbabwe has potential to meet 20% of global lithium demand

Zimbabwe is keen to attract investment after Mugabe era and is already Africa's top lithium producer.

Lithium glut? No way, say industry executives eyeing demand

Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry.

South Korea's POSCO buys stake in Aussie lithium producer, signs supply deal

South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.

The EV future is here and already boosting earnings for miners

“Look at what’s required over the next 50 years, 60 years, and known lithium on the planet, I don’t think it’s as much as everyone understands it to be.”

Nickel-copper-cobalt find vaults Vancouver junior to top of TSX-V ranking

Garibaldi Resources beats out tech, energy, life sciences firms for Toronto market's annual crown with 2,351% market cap gain and 150m shares traded.

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.