Lithium

Mining News Pro - Brazil-based lithium startup Sigma Lithium Resources Corp has held talks with Tesla Inc and other automakers about supplying the key battery ingredient in the coming years, the company’s chief executive said on Thursday.

Mining News Pro - China’s largest lithium battery maker has bought an 8.5% stake in Australian miner Pilbara Minerals (ASX:PLS), both companies said on Thursday, after falling prices caused mainly by oversupply drove the lithium producer to raise equity to fund working capital.

Mining News Pro - Chilean legislators have rejected a bill allowing the expropriation of private companies involved in lithium mining in the country, which would have left the door open for the state to take over firms such as Albemarle and SQM, the world’s No. 1 and second largest producers of the battery metal.

Mining News Pro - Having raced to ramp up lithium production over the past five years to exploit surging prices, Australian producers are now scrambling to cut supplies as prices plummet on falling demand in the world’s top electric vehicle market.

Mining News Pro - The ancient scooter gurgling through a languid summer afternoon brought groceries and a fistful of cash to Sasa Antic’s house.

Mining News Pro - Lithium miner Galaxy Resources (ASX:GXY) posted on Thursday a net loss for the first half of the year of almost $172 million, mostly due to a non-cash impairment charge at its flagship Mt Cattlin mine in Western Australia, joining a long list of battery metals producers hit by slumping prices.

Mining News Pro - Lithium metal batteries fail when bits of lithium metal deposits break off from the surface of the anode during discharging and are trapped as “dead” or inactive lithium that the battery can no longer access. This trapped lithium is largely responsible for lowering the Coulombic efficiency of the device.

Mining News Pro - Chile’s Chemical and Mining Society (SQM), the world’s second largest lithium producer, has been hit by sustained weak prices for the metal used in batteries that power electric vehicles (EVs) and high tech electronics, with profits falling by 47.5% to $70.2 million in the second quarter, from $133.9 million a year earlier.

Mining News Pro - Alita Resources Ltd said on Tuesday that its shipment of lithium concentrate to a China-based chemicals maker was below a previously set floor price amid higher lithium supply.

Mining News Pro - Albemarle Corp (NYSE: ALB), the world’s No. 1 lithium producer, is delaying plans to add about 125,000 tonnes of processing capacity as an oversupply of the white metal used to make the batteries that power electric vehicles (EVs) and high tech devices continues to drive down prices.

Mining News Pro - Representatives from Tibet Summit Resources announced that they want to invest $180 million in a lithium carbonate plant to be located in Argentina’s Salta province.

Mining News Pro - Albemarle Corp, the world’s largest lithium producer, has revised a deal to buy into Australia’s Mineral Resources Ltd’s Wodgina mine to cut spending on the deal and better cope with a slump in the lithium market.

Mining News Pro - Chile’s Codelco, the world’s top copper miner, has signed a non-binding agreement with foreign-backed miner Salar Blanco to develop a joint lithium project at the little-known Salar de Maricunga salt flat, in the country’s north.

Mining News Pro - Millennial Lithium of Vancouver says the feasibility study for its Pastos Grandes project in the province of Salta is positive. The project will produce battery grade lithium carbonate.

Mining News Pro - European Metals Holdings could begin operations at its Cinovec lithium project in the Czech Republic by mid-2022, and is holding preliminary discussions with potential customers, it said on Monday.

Mining News Pro - Shares in Nemaska Lithium Inc soared on Friday after the company announced it has received a letter of intent for a $460m (C$600m) investment from specialist mining investment firm, Pallinghurst.

Mining News Pro - Sweden is turning its gaze towards Peru and other South American countries for lithium tie-ups amid a global race to lock in supply of the “white gold” metal that is key for the batteries that power electric vehicles.

Mining News Pro - In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles.

Mining News Pro - Cornish Lithium, a start-up hoping to lead the development of an industry for the battery metal in the UK, became on Friday the first British miner to launch a crowdfunding campaign to finance its hunt for the commodity in the ancient mining region of Cornwall, in south-west England.

Mining News Pro - Private exploration company Strategic Metals Australia (SMA) claims to have discovered a new lithium province in Georgetown, North Queensland.

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