Lithium Top Stories

Australia’s Mineral Resources flags lower lithium sale price at WA project

Last month, Mineral Resources said its JV with Albemarle had…

Albemarle CEO says long-term lithium demand remains ‘robust’

The world's largest producer of the battery metal is betting…

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Manitoba’s Gossan Resources investing in Greece, undertaking private placement

Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT/FREIVERKEHR & XETRA:WKN 904435) has signed a Letter of Intent (LOI) with East Mining Company SA ("EMC") of Athens, Greece, to investigate and examine the possibilities of acquiring mineral projects within Europe, on a non-exclusive basis, and initially to assess three potential projects in Greece. Additional projects may be pursued.

Getting lithium from geothermal

Is it possible to get lithium without actually mining it? Martin LaMonica in his "Green Tech" blog explains how. LaMonica reports that Simbol Materials has started a plant in California that is able to extract metals from the discharge brine of geothermal plants:

Mammoth energy group increases Chilean lithium investments with additional acquisition

NEW YORK, NY--(Marketwire - Sep 28, 2011) - Mammoth Energy Group Inc. (PINKSHEETS: MMTE), a lithium and alternative energy mining company, announced today that its wholly owned subsidiary Compania Lithium Investments Limitada of Chile has acquired five additional concessions for a total of 2471 acres (1000 hectares) of lithium concessions located at Laguna Lagunilla situated in the Pica commune.

Lithium One defines new zone of high grade lithium-potash brine at Sal de Vida

VANCOUVER, CANADA--(Marketwire - Aug. 31, 2011) - Lithium One Inc. (the "Company") (TSX VENTURE:LI), is pleased to report the delineation of a new zone (the "North Basin") containing thick halite sequences hosting high grade lithium and potassium brine at the Sal de Vida Project at Salar del Hombre Muerto, Argentina. The five core holes in this new discovery report grades averaging 852 mg/L lithium and 10,181 mg/L potassium within the first 55 metres from surface, with no cut-offs applied. The 50 kmNorth Basin is adjacent to, but geologically separated from, the 170 kmCentral Basin where the Company has previously defined an inferred resource1 of 5.4 million tonnes Lithium Carbonate equivalent and 21 million tonnes potassium chloride equivalent (1,470M m3 at 695 mg/L Li and 7590 mg/L K).

Korea inks lithium deal with Bolivia to mine world’s largest salt flats

The Korea Herald reports a Korean consortium forged an agreement with Bolivia’s state-run miner Comibol over the weekend to manufacture lithium-ion battery parts, boosting Korea’s bid to tap the largest lithium deposits in the world. A research project involving extracting lithium will begin next month at Bolivia’s Salar de Uyuni – an 11,000 square kilometers salt flat (pictured) – with plans for constructing lithium-carbonate processing facilities. The soft, silver-white metal is widely used in rechargeable batteries for mobile phones, laptops and electric cars and the price has been steadily increasing prompting talk of a Opec-style cartel to control production and prices among South American nations that together control 85% of the world's resources.

Argentina considers OPEC-like deal for lithium

Agence France Presse reports Argentina is promoting the idea of an OPEC-like cartel for itself, Bolivia and Chile – which together control 85% of the world's reserves of lithium – to manage prices and limit overproduction. A ton of lithium, worth around $2,500 in 2004, now sells for more than $6,000 and its greatest use is expected to be in electric vehicles: if electric cars achieve a 5% penetration rate by 2020, 60,000 tons of lithium will be needed to fill the demand according to one analyst but recycling would reduce demand for virgin materials.