CHART: Demand is soaring, but global mining is not expanding 

The new HPAL projects, and the surge of inexpensive metal from a country whose deposits have long been unloved by major producers, could push the market into oversupply.

The investment in the Pilgan plant will help increase spodumene concentrate production by 47% to 1 million dry metric tonnes per annum.

MINING.COM’s EV Metal Index surged to just under $27 billion in 2022 thanks to surging lithium and nickel prices, but January saw a 50% month-on-month drop.

Clayton Valley holdings adjoin and surround on three sides the Silver Peak lithium brine mine operated by Albemarle.

Samples from the Smackover Formation all returned grades exceeding the average reported lithium analyses from other North American brine projects.

Prices jumped on Friday as inventories in warehouses linked to the Shanghai Futures Exchange slid to the lowest since July last year.

It will be the second nickel firm in Indonesia to go public this year after PT Trimegah Bangun Persada of the Harita conglomerate group.

EVs that use materials that have been collected or processed in Japan will be eligible for incentives under the IRA.

Ford confirmed last month that it will tap technology from CATL for a $3.5 billion plant it’s building in Michigan.