Clean cars, dirty batteries.
Rare Earth Mining News
Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging.
CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.
The goal is to reduce reliance on batteries from Asia, particularly China and South Korea.
E-bikes would require compact, lightweight, and reliable lithium-ion batteries similar to those that power everything from iPhones to Teslas.
On Oct. 11, Chile's Constitutional Court put the brakes on a $4 billion deal allowing the sale of A 24 percent stake in SQM to China's Tianqi Lithium Corp.
Deputy Minister Fuziah Salleh, a long-standing critic of Lynas’ plant, offered to step down from the committee reviewing the facility following criticism that she would not be impartial.
Chile expects lithium to soon become its second largest mining asset, just behind copper. It's currently the country's fourth biggest export.
A White House/US Department of Defence (DoD) report has recommended direct investment in companies developing domestic sources of graphite and the Canadian junior is one of them.
The Yangibana Project will be Hastings’ first Rare Earths Project on the Australian continent, containing substantial Neodymium and Praseodymium resources. The Project currently spans approximately 650 square kilometers and is located in the Gascoyne region of Western Australia, some 250 kilometers north east of Carnarvon, and will supply the growing demand for new technology metals.
The country's antitrust court has approved a deal between the competition regulator and Tianqi, allowing the Chinese miner to buy a nearly one-quarter stake in lithium producer SQM .
With this development, the Australian miner has now produced both lithium carbonate and lithium hydroxide from Paradox, its flagship project.
Mining at the project in the Pacific nation will start in December, with ore shipments expected to begin in the first quarter of next year.
The newly-elected coalition government is said to be ready to launch a three-month evaluation of Lynas' rare earths processing plant, which may end with authorities denying the company’s operating license renewal in Sep. 2019.
"To build a gigafactory of vanadium flow batteries, companies will need to own a mine or lease the fully recyclable vanadium" – Simon Moores.
Company wants to make sure the mine is in production when the demand and price of graphite takes off, as predicted.
The rare earths trade between the world’s top two economies is largely one-way, with America reliant on China for about 80 percent of its supply.
The ENAPAC project is meant to serve mainly the mining industry, which is very active in Chile’s dry, but copper and lithium-rich north.
Malaysian media reported the newly-elected coalition government will shortly begin a three month evaluation of the company's rare earths processing operations in the province of Kuantan.
Deal will see China’s No.1 producer of lithium supplying 20 percent of its production to the electric cars maker.
Until now, the Australian miner had been advancing exploration projects in Latin America focused mainly on gold, but with significant exposure to copper, molybdenum and zinc.
The Maricunga project in northern Chile has seen significant past exploration, with over $30 million spent to date.
The proposed tax, to be applied on the nominal value of extracted metals, would affect copper miners that produce more than 12,000 tonnes of the metal and those extracting 50,000 tonnes of lithium a year.
Partners may lose their right to develop the Mt Holland lithium project after a recommendation by a unit of the West Australian government that regulates mining leases.
Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.