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Lithium News

Askari raises cash, buys into lithium

By: Esmarie Iannucci     28th January 2022 ASX-listed Askari Metals has announced a A$2.6-million capital raise and has announced the acquisition of the Barrow Creek lithium project, in the Northern Territory. The company on Friday announced that it has completed a share placement, priced at 35c a share, with a one-for-three free... 

Canada says it saw no need to block China firm's bid for lithium miner

By: Reuters     28th January 2022 Canada did not stop a Chinese firm's bid for a Toronto-listed lithium miner because it saw no risk to national security, Innovation Minister Francois-Philippe Champagne said on Thursday. The opposition Conservatives said the Liberal government should have blocked Zijin Mining Group from buying... 

Trident secures rights over Sonora lithium royalty interest

By: Creamer Media Reporter      27th January 2022 Mining royalty and streaming company Trident Royalties has entered into an agreement to acquire an indirect royalty over the Sonora lithium project, in Mexico, from the estate of Colin Orr-Ewing. Orr-Ewing, who passed away in 2016, was the founder of Bacanora, which jointly owns the Sonora... 

Metal prices expected to maintain their strong performance this year  

By: Tasneem Bulbulia     26th January 2022 Metal prices, which have been on an uptrend since 2020, are expected to continue their strong performance this year and next Fitch Solutions, a unit of Fitch Group, noted during a webinar on January 26. Following a year of record profitability and revenue in 2021, the outlook for miners and... 

An image of Fitch Solutions senior commodities analyst Sabrin Chowdhury
Fitch Solutions senior commodities analyst Sabrin Chowdhury outlines how the green transition presents opportunities, risks and challenges for the metals and mining industries

Glencore, Managem partner to recover cobalt, lithium, nickel from recycled batteries 

By: Donna Slater     26th January 2022 Diversified miners Glencore and Managem have entered into a partnership to produce cobalt from recycled cobalt, nickel and lithium at Managem’s Compagnie de Tifnout Tiranimine (CTT) hydrometallurgical refinery in Morocco. Glencore and CTT intend to enter into a five-year tolling agreement for 1... 

An image of cobalt metal nuggets
Photo by Bloomberg
Cobalt metal nuggets

Rio Tinto CEO concerned about Serbian PM's comments on lithium project

By: Reuters     25th January 2022 Rio Tinto's chief executive said on Tuesday he was concerned about the Serbian prime minister's comments against the company's lithium project, in his first remarks after Belgrade revoked the global mining company's exploration licences. Bowing to environmentalists, Serbian Prime Minister Ana... 

Sayona adds to Canadian footprint

By: Esmarie Iannucci     25th January 2022 Lithium developer Sayona Mining has acquired 121 new claims west of the Moblan lithium project, significantly expanding the footprint of its Northern Québec lithium hub. Located 3.5km west of the Moblan project, the new claims, known as the Lac Albert project, span 6 592 ha and will be... 

China's Zijin Mining launches first lithium exploration project in DRC

By: Reuters     24th January 2022 China's Zijin Mining Group Co. Ltd said on Monday it had officially launched its first lithium exploration project through a joint venture with Democratic Republic of Congo- (DRC-) owned firm Cominiere. The joint venture, called Katamba Mining, has secured mining rights to two greenfield... 

Back to drawing board for new Rio chief as lithium mine scrapped

By: Bloomberg     24th January 2022 After the destruction of ancient caves in 2020 led to global embarrassment and a management clean-out, the newly appointed chief of Rio Tinto was betting the development of a massive lithium project would be key to a fresh start. His plan is now in tatters. On Thursday, Serbia Prime Minister Ana... 

Rio Tinto shares slump as Serbia pulls plug on its $2.4bn lithium project

By: Reuters     21st January 2022 Shares in Rio Tinto tumbled on Friday after Serbia revoked its lithium exploration licences over environmental concerns, hurting the Anglo-Australian miner's ambition to become Europe's largest supplier of the metal used in electric vehicles. The decision by Serbia comes as it approaches a... 

Rio Tinto shares slump as Serbia pulls plug on its $2.4bn lithium project

Lake eyes bigger Kachi operation

By: Esmarie Iannucci     19th January 2022 A definitive feasibility study (DFS) into the Kachi lithium project, in Argentina, would consider a 50 000 t/y base-case production scenario, ASX-listed Lake Resources said on Wednesday. The DFS will be expanded from 25 500 t/y to 50 000 t/y, underpinned by an anticipated increased resource... 

Ewoyaa drilling assays confirm high grades, mineralisation continuity

By: Donna Slater     18th January 2022 Africa-focussed lithium explorer and developer Atlantic Lithium reports that its current high-grade infill drilling campaign at the Ewoyaa lithium project, in Ghana, continues to confirm high grades and mineralisation continuity. Atlantic recently announced an updated scoping study and increased... 

Calidus forms lithium JV

By: Esmarie Iannucci     18th January 2022 Junior Calidus Resources has formed a lithium exploration joint venture (JV) with Haoma Mining. The exploration company, which will be known as Pirra Lithium, will be assigned tenements and lithium rights across the most prospective lithium ground in the Calidus and Haoma portfolios. These... 

Chile court halts lithium auction days after quotas awarded

By: Reuters     17th January 2022 A Chilean court on Friday ordered the suspension of a lithium contracts auction that took place earlier this week, part of a plan by the South American country to boost production of the coveted mineral used in car batteries. An appeals court ordered the suspension, which was requested by the... 

AVZ starts trading in North America

By: Esmarie Iannucci     14th January 2022 Lithium developer AVZ Minerals has started share trading on the OTCQZ under the ticker symbol AZZVF. “The company has long recognised the opportunities provided by the North American capital markets and with a burgeoning interest in the global lithium sector, the company’s majority owned Manono... 

Firering advances exploration, production activities in Côte d'Ivoire

By: Tasneem Bulbulia     13th January 2022 Aim-listed Firering Strategic Minerals has completed Phase 1 of an auger drilling and soil sampling campaign at its Atex dual lithium/coltan (tantalum) project, in Côte d'Ivoire. Auger drilling and soil samples have been prepared by the local branch of Intertek Group and forwarded to its Perth... 

Plan for decades of high commodity prices, BlackRock says

By: Bloomberg     13th January 2022 Commodities prices may stay high for decades as mining companies struggle to keep up with demand from the energy transition, according to BlackRock’s Evy Hambro. Raw materials, and shares of some companies that produce them, hit record highs last year as massive global stimulus measures... 

Supply squeeze risks are pushing lithium higher and higher

By: Bloomberg     12th January 2022 Lithium has burst into 2022 with a fresh price spike that hands electric-vehicle makers more warning of even sharper cost pressures to come. Supplies of the mainstay battery material face a series of near-term risks that threaten deeper shortages just as demand accelerates with rising global EV... 

Supply squeeze risks are pushing lithium higher and higher

Formal launch of South Africa’s first green ammonia project on Tuesday  

By: Martin Creamer     12th January 2022 The formal launch of South Africa’s first green ammonia project takes place on Tuesday, against the background of the initiative having already secured an in-principle offtake agreement from a global player – a clear indication of the world’s ‘go green’ momentum. Hive Energy and BuiltAfrica –... 

Picture supplied by BuiltAfrica
BuiltAfrica chairperson Thulani Gcabashe interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Liontown finds offtaker for Kathleen Valley

By: Esmarie Iannucci     12th January 2022 Lithium developer Liontown Resources has inked a binding lithium spodumene concentrate offtake term sheet signed with South Korean-based LG Energy Solution. Liontown on Wednesday told shareholders that the foundation agreement with LG underpinned the development of the A$473-million Kathleen... 

Lithium Power to demerge WA assets

By: Esmarie Iannucci     12th January 2022 ASX-listed Lithium Power International (LPI) on Wednesday announced plans to demerge its Western Australian hard rock lithium assets. The demerger will create a dedicated, Western Australia-focused lithium exploration company with the management team and resources to realise the value of the... 

American Lithium gets nod for drilling at TLC

By: Creamer Media Reporter      11th January 2022 The Bureau of Land Management (BLM) and the Nevada Division of Environmental Protection (NDEP) have approved the plan of operations (PO) and reclamation plan for the next phases of development and exploration work at American Lithium’s Tonopah Lithium Claims (TLC) projects. The PO authorises the... 

Codelco to push forward maiden lithium exploration in Maricunga

By: Reuters     11th January 2022 Chilean State miner Codelco, the world's top copper producer, plans to start lithium exploration in the country's northern Maricunga salt flats in the first quarter of the year, part of a foray to develop the metal key for electric vehicle batteries. Codelco, in a statement sent to Reuters on... 

Vulcan finds partner for its lithium plant

By: Esmarie Iannucci     11th January 2022 Lithium developer Vulcan Energy Resources has signed a memorandum of understanding (MoU) and term sheet with European chemicals producer Nobian, to assess the feasibility of jointly developing Vulcan's Central lithium plant (CLP). Vulcan has previously secured a plot for the construction of the... 

Chilean court rejects appeal to stop tender for new lithium contracts

By: Reuters     10th January 2022 A Chilean court has rejected a legal challenge by a group of lawmakers seeking to stop the government from taking bids for a lithium rights auction that has attracted giant miners SQM and Albermarle . The appeal was presented last week by opposition deputies from the center-left PPD, but the... 

Chilean court rejects appeal to stop tender for new lithium contracts

Liontown progresses Kathleen Valley development

By: Esmarie Iannucci     10th January 2022 Lithium developer Liontown Resources is progressing the development of its Kathleen Valley project, in Western Australia, awarding a key contract to processing equipment supplier Metso-Outotec for the design, fabrication and delivery of a semi autogenous grinding (SAG) mill. The SAG contract is... 

Chinese lithium prices rise on tight supply, other markets follow suit – Fastmarkets

By: Donna Slater     7th January 2022 Cross-commodity price reporting agency Fastmarkets reports that Chinese lithium prices are rising as a result of constrained supply, with Chinese lithium consumers topping up their inventories and scrambling for available spot units in the past two weeks before logistics in China start to come to... 

Foremost Lithium to extract bulk sample from Manitoba project

By: Tasneem Bulbulia     6th January 2022 Energy tech company Foremost Lithium Resource & Technology has received a permit from the Province of Manitoba to extract a bulk sample from its Zoro lithium project located in the historic mining district of Snow Lake. Foremost Lithium plans to extract a 500 kg bulk sample of spodumene-bearing... 

Minerals Council backs State capture commission’s recommendations 

By: Martin Creamer     6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... 

Supplied picture
Minerals Council South Africa CEO Roger Baxter

Startup Battery Resourcers plans Georgia recycling plant as demand surges

By: Bloomberg     6th January 2022 Startup Battery Resourcers plans to open a recycling plant for lithium-ion batteries in Georgia this year, as automakers shifting to electric cars drive up demand for the energy-storage devices. Battery Resourcers will invest $43-million in the facility and expects it to be fully operational in... 

American Manganese receives additional services, funding support

By: Schalk Burger     5th January 2022 Lithium-ion battery waste recycling and upcycling company American Manganese has received additional advisory services and funding support from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support its ‘Demonstration of Continuous Recycling of... 

Critical resources completes Mavis buy

By: Esmarie Iannucci     5th January 2022 Junior Critical Resources has completed the acquisition of the Mavis Lake lithium project, in Ontario. The ASX-listed company in October of last year signed a binding term sheet to acquire the Mavis Lake project from ASX-listed Essential Metals and TSX-V listed International Lithium Corporation. 

Chile lawmakers ask courts to stop bidding on lithium mining contracts

By: Reuters     5th January 2022 Chilean lawmakers went to court on Tuesday to stop the outgoing government from taking bids for lithium mining contracts, with SQM and Albemarle , the world's two largest producers of the ultra-light battery metal, in the running. Lawmakers from the center-left opposition party PPD asked the... 

An SQM operation in South America

British Lithium produces first carbonate from pilot plant

By: Marleny Arnoldi     4th January 2022 UK-based British Lithium has produced its first batch of lithium from a pilot plant near Roche, Cornwall. The pilot plant took seven months build and uses patented technology in a sustainable production process. About four years of research and development went into the pilot plant design. 

Vision Lithium starts maiden Cadillac drilling after successful channel sampling campaign

By: Donna Slater     4th January 2022 TSX-V-listed lithium and copper junior explorer Vision Lithium has started its maiden drilling programme on the newly acquired Cadillac lithium property, 10 km south of the mining town of Cadillac, in the Abitibi region of Quebec, Canada. This follows the successful channel sampling campaign,... 

Lithium miner Vulcan gets five more exploration licences in Germany

By: Reuters     4th January 2022 Lithium developer Vulcan Energy Resources, which has supply deals with carmakers Volkswagen, Stellantis and Renault , has received five new exploration licences for geothermal energy and lithium in Germany. The licences in the Upper Rhine Valley cover 325 km2 and increase Vulcan's granted... 

Australian exports flourish as project pipeline grows

By: Esmarie Iannucci     4th January 2022 Australia’s resource and energy export earnings are forecast to reach A$379-billion in 2021–22 as demand for coal and gas surges in the face of a global energy shortage, the December edition of the Resources and Energy Quarterly (REQ) found. The 2021-22 prediction was up from the A$310-billion... 

Lithium market to remain constrained, Fitch Solutions forecasts

By: Tasneem Bulbulia     4th January 2022 Despite strong production growth in the years to come, Fitch Solutions Country Risk and Industry Research expects the global lithium market to remain tight in the coming years as the green transition accelerates, boosting demand for batteries spanning from electric vehicles (EVs) to utility-scale... 

An image showing lithium batteries
Photo by Bloomberg
Technological advancement in the battery space pose upside risks to lithium demand
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