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.
Rare Earth Mining News
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.
Namibia's Desert Lion Energy ceases all operations as Chinese lithium prices plummet to three-year lows – down by half since the start of 2018.
Batteries made by the U.S. manufacturer and its Japanese partner, Panasonic Corp., require less cobalt, the metal whose price has shot up.
The project, which straddles salt flats and lakes across 135 square miles near the Chilean border, is billed as having high concentrations of lithium.
Mercedes-Benz, the world’s largest maker of luxury cars, is rolling out its first in a series of battery-powered models.
Metal bulletin reasearch’s forecast is for the lithium market to shift into a supply surplus this year and as such we have expected prices to fall.
In Chile, threats of a government crackdown on over-usage of water often ring hollow. Mines need water, and the country´s copper-driven economy needs mines.
Announcement is nothing but good news to battery metals miners, which have seen demand for their mined commodities soar in the past year.
The $280-million deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar del Hombre Muerto salt flat in Argentina.
"Poorer life cycle, reduced safety and misrepresented relative cost savings are all major concerns for electric vehicle producers."
But the world's second largest producer said they will remain higher than the average reached last year.
The Browns Range heavy rare earths pilot plant was officially opened late last month and will make Northern Minerals the only significant dysprosium and terbium heavy rare earth producer outside of China.
Kenmare Resources' pretax profit for the first half of the year tripled as it shipped more finished products to China and other Asian markets.