R/€ = 16.78 Change: 0.03
R/$ = 15.72 Change: -0.07
Au 1851.49 $/oz Change: -8.28
Pt 947.50 $/oz Change: -17.50

Lithium News

Fake Tesla release sends lithium miner's stock on a wild ride

By: Bloomberg     14th April 2022 Shares of Lithium Corp whipsawed on Wednesday after an inauthentic press release circulated claiming electric-vehicle giant Tesla had acquired the Nevada-based miner. Lithium Corp’s stock more than tripled to $1.09 shortly before noon in New York before paring its gain. The shares were trading... 

Greater fuel cell adoption would be a massive boost for South Africa’s platinum group metals  

By: Martin Creamer     13th April 2022 The enactment by more governments of policies to enable greater hydrogen fuel cell mobility would be a massive boost for South Africa’s platinum group metals (PGMs) sector, Mining Weekly can today report. Adoption of hydrogen fuel cell mobility has already been significantly enabled by the German... 

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PGMs Industry Day webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

WA posts bumper resource year

By: Esmarie Iannucci     13th April 2022 Western Australia’s resources industry was worth a record A$230-billion in revenue in 2021, the state government revealed this week. Resources sales for 2021 were up 30%, or A$53-billion, from 2020, based on the latest annual data released by the Department of Mines, Industry Regulation and... 

Image shows yellow dumptrucks

Glencore, GM enter multi-year cobalt supply agreement 

By: Martin Creamer     12th April 2022 Diversified mining and marketing company Glencore and General Motors (GM) on Tuesday announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. The agreement represents initial strategic collaboration between the two... 

Picture from Glencore website.
Photo by Glencore
The Murrin Murrin operation in Australia.

The near-500% rally in lithium is showing cracks in China

By: Bloomberg     12th April 2022 Lithium is showing signs of losing momentum -- at least in China -- after a powerful rally that carried prices to what Elon Musk called “insane levels”. Chinese lithium carbonate, which has gained almost 500% in the past year, slipped slightly on Monday after steadying in the past week,... 

Sigma updates Phase 1 study for Brazil lithium project

By: Creamer Media Reporter      12th April 2022 Nasdaq- and TSX-V-listed Sigma Lithium has updated the Phase 1 feasibility study for its Grota do Cirilo project, in Brazil, increasing the aftertax net present value (NPV) to $1.6-billion. The study demonstrates that Phase 1 is financially robust, even as a standalone project before factoring... 

Cypress says Clayton Valley water rights petition dismissed

By: Creamer Media Reporter      12th April 2022 Canada-based lithium developer Cypress Development on Monday reported that it had secured an extension of time to prevent forfeiture of its water permit in the Clayton Valley of Nevada, after a court dismissed a petition for a judicial review. The company acquired water right permit 44411 from... 

Jindalee plans demerger of Aus assets

By: Esmarie Iannucci     12th April 2022 ASX-listed junior Jindalee Resources on Tuesday revealed plans to reposition itself as a pure-play US lithium developer by demerging its Australian assets into a separate, stand-alone vehicle to be listed on the Australian bourse. The new company’s portfolio will include Jindalee’s extensive... 

Pilbara hits production targets

By: Esmarie Iannucci     12th April 2022 0Lithium miner Pilbara Minerals hit its production targets during the first quarter, with the miner producing 81 431 t of spodumene concentrate, which is within the guidance of between 75 000 t and 90 000 t. The March quarterly production was slightly below the 83 476 t produced in the December... 

Clients planning to close many renewable energy project deals this year – Nedbank CIB  

By: Martin Creamer     11th April 2022 While Africa is blessed with great natural sun and wind resources, it has about 600-million people living without access to electricity, which is one of the biggest impediments to the continent’s economic growth. Renewable energy is available to put an end to this impediment, as it can provide... 

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Nedbank CIB Group Managing Executive Anél Bosman interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Tesla may start mining lithium as Musk cites battery metal cost

By: Bloomberg     11th April 2022 Nearly two years after Tesla outlined a plan to dig for lithium, its chief Elon Musk signaled that the electric car giant might start doing so, due to skyrocketing cost of the metal key to battery technology. Lithium has joined the turmoil gripping commodities in the wake of Russia’s war on... 

An image of Elon Musk
Elon Musk

Canadian miners cheer Ottawa's critical minerals budget plan

By: Reuters     11th April 2022 Canadian miners say Ottawa's plan to spend C$3.8-billion ($3.02-billion) to boost domestic production of lithium, copper and other strategic minerals should help propel the country's efforts to become a key part of the global electric vehicle supply chain. The spending, announced during Canada's... 

An image of the Canadian flag

Ford shows interest in Kachi lithium

By: Esmarie Iannucci     11th April 2022 Lithium developer Lake Resources has inked a non-binding memorandum of understanding (MoU) with motoring major Ford Motor Company over the potential supply of lithium from the Kachi project in Argentina. Under the MoU, the two companies would negotiate a potential offtake agreement for up to 25... 

Core buys more lithium land in the NT

By: Esmarie Iannucci     11th April 2022 Lithium developer Core Lithium has struck an agreement to acquire the Shoobridge project, some 80km south south-east from its Finnis lithium project, in the Northern Territory. Core MD Stephen Biggins said it was a strategic acquisition with exploration upside that would complement Core's... 

Pilbara ticks the boxes on POSCO JV

By: Esmarie Iannucci     11th April 2022 Lithium miner Pilbara Minerals has announced the satisfaction of all conditions precedent for the formation of a downstream joint venture (JV) with Korean major POSCO. The formation of the JV and completion of Pilbara Mineral’s initial 18% equity subscription in the JV company, with an option to... 

Hydrogen economy ‘incredibly exciting opportunity’, says Minerals Council’s Baxter 

By: Martin Creamer     8th April 2022 Mobility in mining is perfectly suited to kickstarting the domestic hydrogen adoption process, according to Minerals Council South Africa CEO Roger Baxter, who drew attention during the PGMs Industry Day conference to several mining companies that had already played a leadership role in the... 

Picture supplied.
Minerals Council South Africa CEO Roger Baxter.

New lithium technology can help the world go green, if it works

By: Reuters     8th April 2022 Rio Tinto, General Motors and even the US Energy Department are investing heavily in a crop of newer technologies that could revolutionize the way lithium is produced for electric vehicle batteries. Now those technologies just have to prove they work on a commercial scale. 

Canada offers carbon capture tax credit to help cut emissions

By: Bloomberg     8th April 2022 Prime Minister Justin Trudeau is rolling out one of Canada’s largest single industrial tax incentives to fund carbon capture projects as his government tries to deliver on ambitious climate goals by offsetting emissions from the country’s energy sector. In a federal budget unveiled on Thursday,... 

Canada PM Justin Trudeau
Photo by Bloomberg
Canada PM Justin Trudeau

Kathleen Valley FID expected in June

By: Esmarie Iannucci     7th April 2022 A final investment decision (FID) on the Kathleen Valley lithium project, in Western Australia, is due by June this year, ASX-listed Liontown Resources said. Speaking at the Paydirt Battery Minerals conference, in Perth, Liontown MD and CEO Tony Ottaviano said that first production from Kathleen... 

Leo positive on Goulamina funding

By: Esmarie Iannucci     7th April 2022 Lithium developer Leo Lithium, is hoping to fully fund the development of the Goulamina project, in Mali, through its planned initial public offering (IPO). The Goulamina project is currently held by ASX-listed Firefinch, but will be demerged into a joint venture with Chinese partner Jiangxi... 

Hydrogen key to long-term use of platinum, says SFA Oxford’s Forrest   

By: Martin Creamer     6th April 2022 Coordinated industry intervention is required to create sustainable platinum group metals (PGM) markets, with hydrogen the key to the long-term use of platinum, said outgoing SFA Oxford head Stephen Forrest in a swansong address. “Promote PGMs heavily as platinum’s structural surplus helps... 

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Platinum Group Metals Industry Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer Media

Vulcan signs first geothermal agreement at German lithium project

By: Esmarie Iannucci     6th April 2022 ASX-listed Vulcan Energy Resources has signed its first geothermal energy offtake agreement at its Zero Carbon lithium project, in Germany. The company aims to produce both renewable geothermal energy and lithium hydroxide from the same deep brine source at its operations in Germany. 

European Lithium raises A$30m

By: Esmarie Iannucci     6th April 2022 ASX-listed European Lithium will raise A$30-million to fund a strategic land acquisition, a resource extension drilling and metallurgical test work at the company’s Wolfsberg lithium project, in Austria. The share placement will be priced at 13c a share, with the shares to be issued under the... 

European Lithium raises A$30m

IGO on target with its own growth plans

By: Esmarie Iannucci     6th April 2022 Battery metals company Independence Group (IGO) is expected to produce its first battery grade lithium hydroxide form the first train of its Kwinana lithium hydroxide facility, in Western Australia, shortly. IGO COO Matt Dusci told delegates at Paydirt’s Battery Minerals conference, in Perth,... 

Green finance taxonomy to help investors make green project decisions – law firm 

By: Martin Creamer     5th April 2022 South Africa’s first green finance taxonomy will help investors and financial institutions make more informed decisions on ‘green’ projects, say Webber Wentzel’s Patrick Heron and Joon Chong. Heron and Chong describe the taxonomy, launched by National Treasury last Friday, as an official... 

Pictures supplied
Patrick Heron (left) and Joon Chong.

MinRes unveils growth plans to bank on market demand

By: Esmarie Iannucci     5th April 2022 ASX-listed Mineral Resources (MinRes) on Tuesday announced plans to increase lithium production from its Wodgina and Mt Marion spodumene mines, in Western Australia. The company has reached an agreement with US-based joint venture (JV) partner Albamarle to accelerate the resumption of production... 

Canada to invest C$2bn on mineral strategy for EV battery supply chain

By: Reuters     4th April 2022 Canada's federal budget will include an investment of at least C$2-billion ($1.6-billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said. Prime Minister Justin Trudeau's... 

An electric vehicle charging spot

The battery metal really worrying China is lithium, not nickel

By: Bloomberg     4th April 2022 Nickel has captured much of the limelight among battery metals in recent weeks, and understandably so. Wild price swings, including an unprecedented 250% advance over two trading sessions amid a short squeeze, and concerns tied to Russia’s role as a key supplier have added to longstanding worries... 

Lithium Chile and Monumental partner on Laguna Blanca project

By: Creamer Media Reporter      4th April 2022 TSX-V-listed Lithium Chile has announced an arm’s length definitive option agreement with fellow-listed Monumental Minerals to earn up to 75% of the 5 200-ha Salar De Laguna Blanca project, near San Pedro de Atacama. The Laguna Blanca project is located in the lithium triangle, a zone within the... 

Minerals Council ending century-long relationship with Johannesburg CBD

By: Martin Creamer     4th April 2022 Minerals Council South Africa has begun a new era by moving into modern premises in Rosebank, Johannesburg, and closing a century-long chapter in Johannesburg’s central business district (CBD). The historic Minerals Council building, on Hollard Street– which was constructed in 1921 – will be sold. 

Creamer Media picture.
Photo by Creamer Media
Historic Minerals Council building, on Hollard Street.

Australia's energy exports on the rise - report

By: Esmarie Iannucci     4th April 2022 Australia’s resources and energy export earnings are forecast to surge to a record high A$425-billion for 2021-22. Minister for Resources and Water Keith Pitt said the latest forecast, from the Department of Industry, Science, Energy and Resources’ March 2022 edition of the Resources and Energy... 

Image shows coal exports at port

White Cliff buys lithium project

By: Esmarie Iannucci     1st April 2022 Junior White Cliff Minerals has signed a binding agreement to acquire the Abraxis lithium project, in the Pilbara. The company on Friday said that it would acquire Abraxis Mining, which holds three adjacent tenements covering 294 km2 in the Pilbara, in exchange for A$40 000 in cash and a... 

Platinum supply on downhill slope – Northam  

By: Martin Creamer     31st March 2022 Platinum group metals (PGMs) mining company Northam Platinum displayed graphs during Thursday’s presentation of half year results, which indicate that PGMs supply is on a hiding to nothing on the way to 2040. “There’s a systematic global primary supply problem and the scarcity of both new PGM... 

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Northam Platinum half-year results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Biden’s battery-metal push does nothing to ease mining permit bottleneck

By: Bloomberg     31st March 2022 The US is set to give the mining industry a key tool to boost domestic production of metals behind the energy transition -- but nothing that speeds up efforts to dig ore out of the ground. President Joe Biden is poised to add battery metals to the list of items covered by the 1950 Defense... 

An image of US President Joe Biden
US President Joe Biden

Biden poised to use Cold War powers to boost battery metals

By: Bloomberg     31st March 2022 President Joe Biden is poised to invoke as soon as this week Cold War powers to encourage domestic production of critical minerals for electric-vehicle and other types of batteries, according to people familiar with the matter. The White House is discussing adding battery materials to the list... 

An image of the White House

Arizona Lithium raises cash for Big Sandy future

By: Esmarie Iannucci     31st March 2022 ASX-listed Arizona Lithium has announced a A$32.5-million capital raise to fast track the development of its Big Sandy project, in the US. The company on Thursday said it had received firm commitments for the placement of 185.6-million shares, at a price of 12.5c each, with the shares to be... 

Resources added at Ewoyaa

By: Esmarie Iannucci     30th March 2022 The resource estimate for the Ewoyaa lithium project, in Ghana, has increased by 42%, ASX and Nasdaq-listed Piedmont Lithium said on Wednesday. The company noted that its joint venture (JV) partner Atlantic Lithium had announced the completion of a mineral resource update for the Ewoyaa project,... 

Critical minerals, infrastructure and jobs big takers in Budget

By: Esmarie Iannucci     30th March 2022 The Australian resources sector has welcomed the government’s investment initiatives unveiled in the 2022-23 Budget. The 2022-23 Budget measures include a A$200-million spend over five years for the Critical Minerals Accelerator Initiative, and a A$50.5-million spend over three years for a... 

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