POSCO Chemical plans to invest in $633m battery materials plant with GM

The company published a positive pre‐feasibility study for the project this week, confirming the NAL operation’s technical and financial viability over a 27-year mine life.

The project, known as Grota do Cirilo, is expected to produce 531,000 metric tonnes of lithium per year from two deposits.

Demand has outstripped supply, pushing prices up almost 500% in a year.

Nano One Materials to buy Johnson Matthey Battery Materials Canada for lithium-iron-phosphate cathode facility.

The MIIF plans to invest up to $60 million this year in companies in Ghana and further afield.

Ivanhoe Electric Inc. is seeking a listing on the NYSE American and Toronto stock exchanges.

With urgency in getting new mines developed, governments will need to streamline permitting processes.

Global stainless steel melt production is expected to be about 62 million tonnes (Mt) in 2022, rising to 90 Mt by 2050.

Argentina has 13 lithium projects in the pipeline, more than any other country.