The company plans to move forward with the plan only once the feasibility study at its Zinnwald project is completed, in the second quarter of next year.
Tesla Motors Mining News
Rising oil prices leading to fuel prices at four-year highs, which could turn consumers towards EVs.
Panasonic Corp. is taking steps to help Elon Musk solve the “production hell” problem that has plagued the car that’s key to making profits.
It has decided not to go ahead with a proposed $100-million share sale to help it fund the Mexican project.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
Elon Musk took to Twitter to call on U.S. President Donald Trump to challenge Chinese auto trade rules.
The Falkenhain deposit, in the German state of Saxony, is located about 5 km from another Bacanora asset in Germany — the 50%-owned Zinnwald lithium project.
President and director Martin Vidal has left the post effective November 30.
The de-risking milestone is for the company's Sonora project in Mexico, expected to produce 35,000 tonnes a year of lithium carbonate.
Permit lets Bacanora go-ahead with its 35,000tpa (tons per annum) lithium carbonate operation in Mexico.
Competitive operating costs and supportive government policies are also expected to play a key role in Mexico's mining industry strong recovery.
Final study focuses on a two-phase open pit mine and lithium carbonate processing facility with a life of over 20 years.
Transaction will see the Tokyo-based trader acquiring up to 100% of the output coming from Bacanora's Sonora lithium project in Mexico.
The country's sector, dominated by precious metals and zinc, will be well-positioned for the expected price outperformance of these commodities, shows new report.
The company's stock has fared better than many competitors in the last two years, boosted by the resilience of the lithium price, which has tripled since 2000 regardless of the commodity cycle.
The move by the world's largest asset manager shows increasing interest in the lithium market.
The Sonora project holds 5.0 million tonnes of lithium carbonate equivalent, which is 337% higher that the previously reported 1.14 million tonnes.
Still not as great as the current Model S.
Plant means jobs for 6,500 people.
Two vehicle models to be built on same assembly line.
The U.S. decision last month to launch a Renewable Energy and Energy Efficiency Export initiative should turn out to be yet another boon for lithium producers, who are or will be trying to sell into a growing lithium ion battery market for technological and electric car uses.