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Lithium News

Lithium Americas beats CATL to buy Millennial for $400m

By: Reuters     18th November 2021 Lithium Americas is buying Argentina-focused Millennial Lithium for $400-million in stock and cash, eclipsing an offer from China's Contemporary Amperex Technology Co Ltd (CATL) as demand for the electric vehicle (EV) battery metal surges worldwide. The deal, announced on Wednesday, comes a day... 

Volt paves its way into Serbia

By: Esmarie Iannucci     18th November 2021 Graphite junior Volt Resources has acquired three lithium licence applications in Serbia, covering some 291 km2. The ASX-listed company will acquire Serbian-listed Asena Investments, which holds the rights to the three licence applications, in exchange for the issue of more than 36-million shares... 

Rio solidifies Serbian partnership with Inobat

By: Esmarie Iannucci     17th November 2021 Diversified miner Rio Tinto has solidified its agreement with European-based battery technology company Inobat Auto, offering an investment in the firm. This investment will support the completion of InoBat’s research and development centre and pilot battery line in Voderady, Slovakia. 

Expect to be unemployed from age 40, Miller warns graduates entering mining   

By: Martin Creamer     15th November 2021 Because of the collapse of investment in greenfields exploration in South Africa, any mining graduate entering the profession today can expect to be unemployed from the age of 40, said AmaranthCX director and founder Paul Miller on Monday, when he pointed out that South Africa is now at an... 

Provided by Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer

Fitch Solutions revises lithium price forecasts upwards

By: Tasneem Bulbulia     15th November 2021 Lithium prices have rallied this year and are now at record high levels amid the sharp acceleration in demand, while global supply struggles to expand, Fitch Solutions Country Risk and Industry Research notes in a report. Fitch Solutions says lithium prices have rallied beyond its expectations. 

Western lithium-ion supply chain weakness to slow EV adoption – GlobalData

By: Donna Slater     12th November 2021 Data and analytics company GlobalData reports that weakness in availability of lithium-ion battery materials in Western countries is set to impede electric vehicle (EV) adoption and serves to demonstrate China’s dominance of the EV market. China dominates the lithium-ion battery supply chain,... 

Mineral exploration should be incentivised, says IDC’s Thabiso Sekano  

By: Martin Creamer     12th November 2021 Mineral exploration should be incentivised so that South Africa’s great mineral endowment can be optimally leveraged to lower unemployment, improve export revenues, and strengthen this country’s gross domestic product (GDP). That is the view of Industrial Development Corporation (IDC) mining,... 

Creamer Media screenshot of IDC head Thabiso Sekano
IDC Mining Metals Beneficiation Head interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer

US adds nickel, zinc to draft critical minerals list, drops potash

By: Mariaan Webb     11th November 2021 The US Geological Survey (USGS) has added nickel and zinc to its proposed list of 50 ‘critical minerals’ – defined as those essential to economic or national security and have a supply chain vulnerable to disruption – while four others, including potash, have fallen off the draft 2021 list. The... 

Image of pure nickel sulphate
The Biden Administration's 100 day supply chain review states that there is an 'urgency' to develop a strategy around Class 1 nickel.

Liontown studies confirm Kathleen Valley potential

By: Esmarie Iannucci     11th November 2021 A definitive feasibility study (DFS) into the Kathleen Valley lithium/tantalum project, in Western Australia, has confirmed the project’s potential, while an updated scoping study on a downstream operation confirmed a value pathway for ASX-listed Liontown Resources. The Kathleen Valley DFS... 

Kodal granted mining licence for flagship Bougouni project

By: Creamer Media Reporter      8th November 2021 Aim-listed Kodal Minerals has been granted a mining licence for its flagship Bougouni lithium project, in Mali. The project is now fully permitted for development. "The granting of the mining licence for Bougouni has come at a great time for Kodal, with the increasing global focus on battery... 

Eramet relaunches lithium project in Argentina with China's Tsingshan

By: Reuters     8th November 2021 French mining group Eramet said on Monday it was relaunching a lithium production project in Argentina through a partnership with Chinese steel group Tsingshan as it seeks to expand in minerals needed for electric vehicles. Eramet owns a large lithium deposit in Argentina but had suspended its... 

A squeeze on lithium has top producer 'going as fast as we can'

By: Bloomberg     5th November 2021 Albemarle, the world’s biggest lithium producer, is expanding as quickly as possible and evaluating new opportunities as buyers of the battery metal struggle to keep up with surging electric-vehicle demand. The company plans to start sales from a new plant in Chile early 2022 and from an... 

GM’s battery bet shows off lithium-metal cell that tops rivals

By: Bloomberg     4th November 2021 SES Holdings, a startup backed by General Motors (GM), is unveiling a lithium-metal battery big enough to power a car, a sign the newcomer is pulling ahead of rivals in its efforts to commercialize technology that could boost the range of electric vehicles. Singapore-based SES, which is going... 

Albemarle boosts 2021 forecast on rising global lithium demand

By: Reuters     4th November 2021 Albemarle, the world's largest producer of lithium for electric vehicles, boosted its 2021 sales forecast on Wednesday after posting an adjusted third-quarter profit that easily beat Wall Street's expectations. The company's stock rose 4.1% to $272.80 in after-hours trading following the... 

Sibanye advances buyout of Sandouville asset

By: Chanel de Bruyn     4th November 2021 Precious and green metals company Sibanye-Stillwater has signed a share purchase agreement (SPA) to acquire the Sandouville nickel hydrometallurgical processing facility from French mining and metallurgy company Eramet. Sibanye in July signed an exclusive put option agreement to acquire the... 

An image of the Sandouville nickel processing facility
The Sandouville nickel processing facility

Kodal now sole owner of Bougouni project

By: Marleny Arnoldi     3rd November 2021 Aim-listed Kodal Minerals has acquired the minority shareholdings of the original vendor parties of the Bougouni lithium project, in Mali, resulting in it now owning 100% of the project. Each vendor – Gorutumu Mining and Triumvirat Mining Company – will receive $600 000, respectively, and a... 

Pallinghurst now has all key battery, hydrogen fuel cell elements  

By: Martin Creamer     3rd November 2021 The Pallinghurst Group now has within its fold all the key elements needed for lithium-ion batteries, fuel-cells and green hydrogen economy. Pallinghurst’s latest transaction with Talon Metals brings in nickel, copper and cobalt, which augment the already-in-the-bag graphite, battery-grade... 

Supplied picture
Pallinghurst Co-Chief Executive and Co-Founder Arne Frandsen speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Lithium Americas makes $400m bid for Millennial to rival China's CATL

By: Reuters     2nd November 2021 Lithium Americas made a $400-million stock-and-cash offer for Argentina-focused lithium developer Millennial Lithium on Monday, seeking to outbid China's Contemporary Amperex Technology Co Limited (CATL) for a promising source of the ultra-light battery metal. The bidding war comes amidst... 

An image of the Cauchari lithium project
Lithium America's experience building the Cauchari lithium project should be appealing to Millennial's shareholders.

Anglo to use underground mine water to generate electricity   

By: Martin Creamer     2nd November 2021 Diversified mining company Anglo American is planning to use water in its underground mines as batteries. The water will be pumped up when operations have excess renewable power and allowed to run back down when electricity is needed. 

Creamer Media screenshot
Photo by Creamer Media
From top left clockwise are Mark Cutifani, Jon Samuel, Stephen Pearce and Zahira Quatrocchi.

Global Lithium welcomes cornerstone investor

By: Esmarie Iannucci     1st November 2021 Lithium explorer Global Lithium Resources will raise A$13.6-million to fund exploration at its Marble Bar lithium project, in the Pilbara. The company will place an initial 19.7-million shares under its existing placement capacity, to raise A$7.3-million, and a further 16.6-million shares to... 

Arizona Lithium raises cash for Big Sandy

By: Esmarie Iannucci     1st November 2021 Junior Arizona Lithium will raise A$13-million in a placement to institutional and sophisticated investors to fund works at the Big Sandy lithium project, in Arizona. The ASX-listed company on Monday said that the placement will consist of 173.3-million shares, at a price of 7.5c each, and one... 

IGO reports a strong start to 2022

By: Esmarie Iannucci     1st November 2021 ASX-listed Independence Group (IGO) has reported a sold start to the 2022 financial year, following the divestment of its stake in the Tropicana gold project, in Western Australia, and the completion of its transaction with Tianqi Lithium Corporation over its Australian lithium assets. “We are... 

Image shows a dump truck in front of a nickel run-of-mine ore stockpile

Prospect raises funds for Zim lithium

By: Esmarie Iannucci     29th October 2021 Lithium developer Prospect Resources has completed an A$18-million share placement to fund work at its Arcadia lithium project, in Zimbabwe. The ASX-listed company on Friday said it had received firm commitments for the placement of 45-million new shares to institutional and sophisticated... 

FFI and Fortescue sign up for UN environmental drive

By: Esmarie Iannucci     29th October 2021 Iron-ore major Fortescue Metals and its green energy arm Fortescue Future Industries (FFI) have formally joined the UN Race to Zero Coalition ahead of the COP26 climate summit in Glasgow. “We are pleased to be joining the UN Race to Zero Coalition as we prepare to head to COP26 where we will... 

Sibanye completes $70m investment in ioneer

By: Esmarie Iannucci     28th October 2021 ASX-listed ioneer has completed a $70-million transaction with Johannesburg- and New York-listed miner Sibanye-Stillwater to advance the Rhyolite Ridge project, in the US. The two companies in September struck the $490-million deal under which Sibanye-Stillwater would acquire 50% interest in... 

Sibanye-Stillwater well positioned as climate resilient business – Froneman 

By: Martin Creamer     27th October 2021 Precious and green metals company Sibanye-Stillwater is well positioned as a climate-change resilient business in the future green economy, says CEO Neal Froneman, who emphasises environmental social governance (ESG) as being core to the company’s strategy as it achieves its objective of building... 

Creamer Media screenshot taken during online webinar October 2021
Photo by Creamer Media
Sibanye-Stillwater CEO Neal Froneman

Pilbara finalises downstream JV with POSCO

By: Esmarie Iannucci     26th October 2021 Lithium miner Pilbara Minerals has finalised its joint venture (JV) with Korean major POSCO for the development of a downstream lithium chemicals facility in South Korea. Under the terms of the agreement, the two companies would jointly construct and operate a 43 000 t/y lithium hydroxide... 

Construction starts at Finniss

By: Esmarie Iannucci     26th October 2021 Construction of the Finniss lithium project, in the Northern Territory, has started. ASX-listed Core Lithium on Tuesday reported that site construction and establishment works are now underway following heritage and vegetation management, while road access works, site establishment and... 

Wodgina partners to restart operations

By: Esmarie Iannucci     25th October 2021 Joint venture (JV) partners Mineral Resources (MRL) and Albemarle Corporation have taken a decision to restart the Wodgina lithium mine, in the Pilbara. Wodgina, which was placed on care and maintenance late in 2019 due to low lithium prices, is expected to start concentrate production by the... 

Nevada Lithium lists in Frankfurt, applies for OTCQB trading

By: Mariaan Webb     22nd October 2021 Minerals explorer Nevada Lithium’s shares are now cross listed on the Canadian Securities Exchange and the Frankfurt Stock Exchange (FSE). “There is significant demand from European investors for exploration and development stories like ours, and we are pleased that it will now be easier for... 

Piedmont adds to Carolina resource

By: Esmarie Iannucci     22nd October 2021 Lithium miner Piedmont Lithium has increased the mineral resource estimate for its Carolina project to 44.2-million tonnes, grading 1.08% lithium oxide for about 1.1-million tonnes of lithium carbonate equivalent. About 774 000 t of this lithium carbonate equivalent resource has been estimated... 

Chinese regulator approves Core/Ganfeng deal

By: Esmarie Iannucci     22nd October 2021 Chinese regulators have approved an offtake agreement between Australian lithium developer Core Lithium and Ganfeng Lithium. The offtake agreement covers 75 000 t/y of spodumene concentrate from the Finniss project, over a four-ear term, with Ganfeng also investing A$34-million in Core through... 

No zero carbon without green hydrogen, US pledging $1/kg coal-parity price 

By: Martin Creamer     21st October 2021 The world will be unable to meet its zero-carbon targets without the introduction of green hydrogen solutions, says Plug Power chief strategy officer Sanjay Shrestha, at a time when the US has launched a programme to cut the cost of clean hydrogen by 80%. Nasdaq-listed Plug Power, a pure play... 

Creamer Media Screenshot
Photo by Creamer Media
Plug Power chief strategy officer Sanjay Shrestha

Lithium supply gap will require ’60 Jadar mines’ – Rio Tinto

By: Mariaan Webb     21st October 2021 Mining major Rio Tinto is forecasting a “substantial” supply gap for lithium, which is experiencing rapid demand growth on the back of accelerating electric vehicle (EV) uptake, and argues that the gap has to be addressed “within the next ten years”. In a trajectory toward net zero, the global... 

An image of exploration at the Jadar site in Serbia
Exploration under way at Jadar, in Serbia

Frontier produces battery-quality lithium hydroxide

By: Creamer Media Reporter      20th October 2021 Frontier Lithium has successfully produced battery-quality lithium hydroxide monohydrate through a third-party firm using its cristillisation process technology from a purified lithium hydroxide solution. The lithium salts were produced from ‘ore-to-hydroxide’ sulphate conversion by a... 

Goulamina demerger slated for Feb next year

By: Esmarie Iannucci     20th October 2021 The demerger of the Goulamina lithium project, in Mali, into a separately listed vehicle known as Leo Lithium, is expected to be implemented by February next year, with the spin-out to be listed on the ASX by the end of the March quarter. ASX-listed Firefinch and lithium developer Jiangxi... 

ioneer/Sibanye-Stillwater deal gets Reserve Bank approval

By: Esmarie Iannucci     20th October 2021 The Financial Surveillance Department of the South African Reserve Bank (SARB) has approved a $490-million deal between ASX-listed ioneer and New York-listed miner Sibanye-Stillwater. The two companies in September struck the $490-million deal under which Sibanye-Stillwater would acquire 50%... 

Policy-not-law charter judgment going long way towards providing certainty – NSDV 

By: Martin Creamer     19th October 2021 The court judgement that the mining charter is policy and not law goes a long way towards providing regulatory certainty, says NSDV mining law senior associate Muhammed Khan ­– but it is not the end of the road, he cautions in a 1 500-word analysis entitled The Great Mining Charter Debate. Khan... 

Picutre supplied by NupenStaudeDeVries
NSDV mining law senior associate Muhammed Khan.
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