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Lithium News

Kazera raises £1m to pursue tantalum, lithium and nickel projects

By: Donna Slater     6th May 2022 Aim-listed investment company Kazera Global has raised £1-million, before expenses, through placing 100-million new ordinary shares at a price of 1p apiece with new and existing investors, representing a 5% premium to the closing price on June 4. Kazera invests in South Africa-based diamond and... 

Mbalula recommends a people-centred just transition

By: Schalk Burger     5th May 2022 Transport Minister Fikile Mbalula has said a just transition is about improving the lives and livelihoods of all South Africans, particularly those that are bearing the brunt of climate impacts, and protecting and empowering workers and communities, as the country navigates the shift away from... 

Transport Minister Fikile Mbalula
Photo by Reuters
Transport Minister Fikile Mbalula

World Coal Association favours just energy transition to net zero future 

By: Martin Creamer     5th May 2022 The World Coal Association, and its member companies, are in favour of a just transition to a net zero future, World Coal Association chairperson July Ndlovu said on Thursday. In his keynote address to the Southern African Coal Conference, Ndlovu emphasised the sincerity of the association’s... 

Creamer Media photograph
Photo by Creamer Media
World Coal Association chairperson July Ndlovu

Glencore enters strategic partnership with lithium recycler

By: Creamer Media Reporter      5th May 2022 Commodities giant Glencore has announced a strategic partnership with NYSE-listed lithium-ion battery recycler Li-Cycle, as part of its strategy of combining primary and recycled battery raw materials to produce battery-grade end products. In terms of the agreement, Glencore will procure... 

Kairos launches strategic review

By: Esmarie Iannucci     5th May 2022 Junior Kairos Minerals has launched a strategic review of the company’s minerals project portfolio and costs across the board. The strategic review, which will be done with the assistance of an independent third party, will assess the company’s Pilbara lithium and gold assets as well as the Roe... 

Canada in 'active discussions' with EV supply chain companies - Minister

By: Reuters     5th May 2022 Canada is talking to a number of companies interested in setting up production in the electric vehicle (EV) supply chain, the industry minister said, as the government seeks to cut carbon emissions to net zero by 2050 and play a role in the shift toward greener cars. There are "very active... 

An image of Francois-Philippe Champagne
Francois-Philippe Champagne

Albemarle raises annual outlook on surging lithium prices

By: Reuters     5th May 2022 Albemarle, one of the world's biggest producers of lithium, raised its full-year forecasts on Wednesday after surpassing quarterly profit expectations on robust demand and higher prices for the metal used in electric-vehicle batteries. The improved outlook also came in above market estimates and... 

Rio hopes for bigger spending on growth projects

By: Esmarie Iannucci     5th May 2022 Diversified miner Rio Tinto is hoping to increase its investment in growth capital to $3-billion a year, by 2023 to 2024, with a focus on energy commodities, including iron-ore. CEO Jakob Stausham told the company’s annual general meeting on Thursday that the company was well placed to grow and... 

Image shows the Rio Tinto logo

Kodal announces oversubscribed £3m placing

By: Marleny Arnoldi     4th May 2022 Aim-listed Kodal Minerals has raised £3-million in a new ordinary share placing of more than one-billion new ordinary shares. The subscription was originally aimed at placing 130-million new ordinary shares, but was oversubscribed by 941-million shares, resulting in 1.07-billion shares being... 

Glencore's human rights record worst in green metals, group says

By: Bloomberg     4th May 2022 Glencore has the worst human rights record among miners of metals used in renewable energy, the Business & Human Rights Resource Centre said in a report. The alleged abuses attributed to all companies range from attacks on activists to violations of environmental laws to forced relocations.... 

AVZ a step closer to mining at Manono

By: Esmarie Iannucci     4th May 2022 ASX-listed AVZ Minerals on Wednesday flagged the imminent award of a mining license over the Manono lithium and tin project, in the Democratic Republic of Congo (DRC). The DRC Minister of Mines has signed a ministerial decree to award the mining license to Dathcom Mining SA, in which AVZ holds a... 

Livent beats profit estimates, raises forecast on higher lithium demand

By: Reuters     4th May 2022 Livent on Tuesday posted a better-than-expected quarterly profit and bolstered its 2022 revenue forecast as it benefited from higher demand for lithium used in electric-vehicle batteries, sending its shares surging 14%. The Philadelphia-based company now expects annual revenue of $755-million to... 

Moody’s upgrades Sibanye-Stillwater’s credit rating

By: Donna Slater     3rd May 2022 Credit ratings company Moody’s Investors Service has upgraded JSE- and NYSE-listed precious and battery metals miner Sibanye-Stillwater’s corporate family rating (CFR) from Ba3 to Ba2 with a positive outlook. Moody’s notes that the rating action reflects the strong financial performance that... 

Scramble to tap Latin America's lithium riches accelerates

By: Reuters     3rd May 2022  Mexican President Andres Manuel Lopez Obrador said during a regular news conference on Tuesday that he has been in touch with the leaders of Bolivia, Argentina and Chile to create a lithium association. Mexico's Congress last month passed a bill to nationalise lithium, tightening control of... 

Core gets environmental approval for underground op

By: Esmarie Iannucci     3rd May 2022 Lithium developer Core Lithium has been granted environmental approval for the BP33 underground mine, in the Northern Territory. This was the second environmental approval granted by the Territory government through its improved regulatory regime under the Environment Protection Act. 

Image shows stockpiled lithium core

South Africa would do well to highlight its key iridium status to world that needs this very rare metal  

By: Martin Creamer     3rd May 2022 South Africa would do well to highlight its key iridium supply status to gain the full confidence of a world that requires this very rare platinum group metal (PGM) to advance the fast-moving hydrogen economy. Iridium is a potent co-roleplayer with PGM stalwart platinum when it comes to... 

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SFA Oxford CEO Henk de Hoop interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Liontown sets LG offtake in stone

By: Esmarie Iannucci     2nd May 2022 Lithium developer Liontown Resources has inked an binding offtake agreement with South Korean-based LG Energy Solutions to provide, enacting a term sheet signed earlier this year. Under the terms of the agreement, LG will purchase 100 000 t of spodumene concentrate from the Kathleen Valley... 

Firefinch shareholders to meet in May

By: Esmarie Iannucci     29th April 2022 Shareholders of ASX-listed Firefinch will meet on May 31 to vote on the demerger of Leo Lithium. Leo Lithium will hold Firefinch’s Goulamina lithium project, in Mali, in a joint venture with Chinese partner Jiangxi Ganfeng Lithium. 

Keliber wins building permit for lithium chemical plant

By: Creamer Media Reporter      28th April 2022 Finnish explorer and developer Keliber has been granted the building permit for its lithium chemical plant in Kokkola, paving the way for construction to start this summer. The plant will convert Keliber’s spodumene concentrate to battery-grade lithium hydroxide monohydrate, used in electric... 

Australia's Pilbara Minerals quarterly output drops as labour crunch bites

By: Reuters     28th April 2022 Lithium miner Pilbara Minerals posted a sequential drop in March-quarter spodumene production and warned of further impact this quarter due to a severe labour shortage at its operations in Western Australia state. Spodumene is primarily used in the production of high-purity lithium for use in... 

Green Technology Metals sets sights on A$55m raise

By: Esmarie Iannucci     28th April 2022 Canada-focused Green Technology Metals is hoping to raise A$55-million in a share placement to fund an aggressive exploration strategy at its tenement holdings in Ontario. The ASX-listed lithium hopeful on Thursday said that it has received firm commitments for the placement of some 52.4-million... 

Top bid for lithium up 140% after Musk's 'insane levels' call

By: Bloomberg     28th April 2022 The highest bid for lithium at an online sale surged by 140% in just six months, an indication the stampede for supplies of the main ingredient used in electric vehicle batteries could get even more intense. Pilbara Minerals Ltd.’s auction of spodumene concentrate -- a partly-processed form of... 

Latin Resources completes capital raise

By: Esmarie Iannucci     27th April 2022 ASX-listed Latin Resources has completed a A$35-million capital raise, cornerstoned by Canadian investor Electrification and Decarbonization AIE LP Fund. The company earlier this month announced plans to place 253.6-million shares, at a price of 16c each under its existing placement capacity.... 

SQM to invest $900 million as lithium capacity expands

By: Reuters     27th April 2022 Chile's SQM, the world's second-largest lithium producer, plans to invest $900-million this year as part of its plan to increase lithium carbonate and hydroxide production capacity, the head of its board said on Tuesday. In the next few months, the company expects to complete its original... 

Wimbledon opts for platinum to mark Queen’s jubilee, centre court centenary 

By: Martin Creamer     26th April 2022 In the year of the Queen of England’s platinum jubilee, the coins to be used in the Wimbledon ladies’ and gentlemen’s singles finals coin toss will be made of platinum for the first time in the championships’ history. This follows last month’s unveiling by the UK Royal Mint of its largest ever... 

Image supplied by WPIC
Platinum coin to be tossed at Wimbledon.

Nornickel and Rosatom to collaborate on lithium

By: Creamer Media Reporter      26th April 2022 Palladium and nickel miner Nornickel will collaborate with State atomic energy corporation Rosatom on the development of what it describes as the “most promising” lithium ore deposit in Russia. The Kolmozerskoye deposit, in the Murmansk region, is said to be the biggest in Russia, accounting for... 

AfriTin announces strong results from Uis expansion PEA

By: Tasneem Bulbulia     26th April 2022 Aim-listed AfriTin Mining has announced the results of its internally produced preliminary economic assessment (PEA) for the Phase 2 expansion of the company’s flagship polymetallic asset, the Uis mine, in Namibia. The PEA shows an after-tax net present value of $2.1-billion and an internal rate... 

An image showing AfriTin's Uis mine in Namibia
Uis mine

Li3 signs JV to acquire half of Premier’s lithium assets in Zimbabwe

By: Tasneem Bulbulia     25th April 2022 Aim-listed Premier African Minerals has signed a binding joint venture agreement (JV) with lithium exploration company Li3 Resources, which will acquire a 50% interest in Premier's hard-rock lithium assets, collectively known as the Li3 project, in the Mutare Greenstone Belt, in Zimbabwe. Premier... 

Elon Musk wants more lithium for EVs but very few places have it

By: Bloomberg     22nd April 2022 Elon Musk wants more lithium, but only a handful of countries can supply the material key to the electrification of transportation, at least for now. The Tesla chief made a public appeal for more investment in lithium mining to close what he sees as a yawning gap between supply and demand,... 

MinRes posts solid quarter in March

By: Esmarie Iannucci     22nd April 2022 ASX-listed Mineral Resources (MinRes) has posted a solid quarter, with iron-ore shipments increasing, along with production from the Mt Marion lithium project. MinRes on Friday reported that iron-ore shipments totalled 4.7-million tonnes during the quarter, up 22% on the previous corresponding... 

China battery giant CATL wins lithium project in race for materials

By: Bloomberg     21st April 2022 Key Tesla battery supplier Contemporary Amperex Technology has won exploration rights to a lithium clay deposit in China, as surging demand for electric cars fuels a race to secure supplies of raw materials. CATL, as the company is better known, bid 865-million yuan ($135-million) for the... 

Prospect's sale of Arcadia finalised

By: Schalk Burger     20th April 2022 The sale of ASX-listed lithium project development company Prospect Resources' 87% interest in the Arcadia project, in Zimbabwe, to a subsidiary of lithium-ion battery material producer Zhejiang Huayou Cobalt for $377.8-million has been finalised. Following payment of $26.8-million in Zimbabwean... 

President Ramaphosa to deliver keynote address at Mining Indaba 2022

By: Martin Creamer     20th April 2022 President Cyril Ramaphosa will deliver a keynote address at the 2022 Investing in African Mining Indaba, which takes place in Cape Town from May 9 to 12. The attendance of Ramaphosa, who will speak on Tuesday, May 10, signals the continued importance of mining to the South African economy as a... 

Picture supplied.
President Cyril Ramaphosa.

Lithium Australia completes Envirostream buy

By: Esmarie Iannucci     20th April 2022 ASX-listed Lithium Australia has completed the acquisition of mixed battery recycling company Envirostream. The company in February struck an agreement to acquire the final 10% interest in Envirostream from its MD Andrew Mackenzie for A$250 000, following its 2019 acquisition of a 90% stake in... 

Musk's tweets fuel mining industry's hopes of a buyout by Tesla

By: Reuters     19th April 2022 Elon Musk's recent musings that high lithium prices may force Tesla to make its own supply of the electric vehicle battery metal have fueled hopes by some that the billionaire entrepreneur will instead opt for a buyout of an established mining company. The auto giant already has supply contracts... 

Elon Musk
Elon Musk

Mexico nationalises lithium, plans review of contracts

By: Reuters     19th April 2022  All contracts to mine lithium in Mexico will need to be reviewed, Mexican President Andres Manuel Lopez Obrador said Tuesday, as the country prepares to change its law. The comment comes after Mexico's lower house passed a change to the mining law to nationalize lithium production. "All... 

An image of President Andres Manuel Lopez Obrador
President Andres Manuel Lopez Obrador

Miners welcome Morrison's election promises

By: Esmarie Iannucci     19th April 2022 The resources sector has been quick to welcome election promises from the Coalition government, after Prime Minister Scott Morrison promised a A$50-million investment to boost the critical minerals supply chain in Western Australia, along with a host of energy-related investments. The Prime... 

Image shows Prime Minister Scott Morrison
Photo by Bloomberg
Prime Minister Scott Morrison

Premier African Minerals progressing Zimbabwe project with new funding

By: Tasneem Bulbulia     14th April 2022 Aim-listed Premier African Mineral, which is conducting a definitive feasibility study (DFS) on its Zulu lithium and tantalum project, in Fort Rixon, Zimbabwe, has accepted a subscription of £12-million before expenses from Suzhou TA&A Ultra Clean Technology that is sufficient to fully fund... 

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