SQM shares plunge after Tanqi Lithium acquisition seems to indicate cooling fervour for lithium assets.
Rare Earth Mining News
The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.
Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.
The experts developed a new process for creating lithium metal that may boost the energy and capacity of rechargeable batteries.
Vancouver-based Strongbow Exploration expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which will use to study the feasibility of resuming production at the South Crofty tin mine in Cornwall.
The world’s largest potash miner said it expected to have an announcement on the matter by the end of June.
Australia's Lithium Power International and Canada's Bearing Lithium have sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims.
Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.
Electric vehicle manufacturer has reduced cobalt usage in its batteries by 59%.
Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.
Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.
If China’s Tianqi grabs a stake in Chile’s SQM, the world’s lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile’s government has said.
The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.
China already actively seeking opportunities.
"There is a legitimate concern on the side of the vehicle manufacturers."
When it comes to new lithium mine supply how soon is now?
New investors are being pulled into the mining industry as demand and prices for battery materials like lithium and cobalt spike.
The Sí a la Tierra Viva platform rejects the miner's proposal.
Researchers at West Virginia University expect to start extracting, refining and taking to market rare earth elements in a couple of years.
Nemaska Lithium agreement with private equity giant Orion Mine Finance comes a week after $100B Japanese technology fund bought a stake in Quebec-based firm.
Increasing disposable income in emerging economies and the adoption of greener technologies, are the two factors to drive most of the expected increased demand in copper during the next five years.
Copper production will peak in the second half of 2019, making a growing supply deficit much more real.
Authorities may consider potential revisions to the mining laws in order to make companies that already own concessions to work on them or else give them up.
The second largest ever private equity fund focused on mining closed in the first quarter – 13 funds aim to raise a further $4.9 billion in 2018.
One of the main problems, says the head of Chile’s Mining Society, Diego Hernández, is miners have no incentives to do anything with the assets they already own and is very cheap to keep them.