R/€ = 16.78 Change: 0.02
R/$ = 15.70 Change: -0.04
Au 1854.55 $/oz Change: -5.22
Pt 950.50 $/oz Change: -14.50

Lithium News

Africa has prime opportunity to provide commodities usually supplied by Russia

By: Marleny Arnoldi     29th March 2022 As Western Europe accelerates a structural transition away from Russian energy dependence, Africa will play a salient role in filling this void, says Oxford Economics Africa (OEA). During a webinar on March 29, the research company unpacked how a more pressing shift towards renewable energy and a... 

Premier completes subscription agreement to raise £12m for Zulu DFS

By: Darren Parker     29th March 2022 Aim-listed Premier African Minerals has confirmed the completion of the subscription agreement by Suzhou TA&A Ultra Clean Technology to raise £12-million at an issue price of 0.4p per new ordinary share for the ongoing definitive feasibility study (DFS) at Premier's Zulu lithium and tantalum... 

Atlantic Lithium appoints Kolff interim CEO

By: Creamer Media Reporter      29th March 2022 Africa-focused lithium exploration and development company Atlantic Lithium has appointed Len Kolff as interim CEO. The follows the death of Vincent Mascolo earlier this month. 

Lake Resources gets offtake interest from Japan

By: Esmarie Iannucci     29th March 2022 Lithium developer Lake Resources has inked a non-binding memorandum of understanding (MoU) with Japan’s Hanwa Co. for the supply of up to 25 000 t/y of lithium carbonate over a ten year period. The MoU would allow for a minimum 15 000 t/y offtake from Lake Resource’s Lake Kachi lithium project,... 

Rio completes Rincon buy

By: Esmarie Iannucci     29th March 2022 Diversified miner Rio Tinto has completed the $825-million acquisition of the Rincon lithium project, in Argentina, following approval from Australia’s Foreign Investment Review Board (FIRB). A binding agreement to purchase the project from Rincon Mining, a company owned by funds managed by the... 

Image shows Rio Tinto logo

Green hydrogen energy supply to local communities envisaged by Anglo 

By: Martin Creamer     28th March 2022 The green hydrogen footprint being developed by Anglo American could be extended to provide low-cost and efficient energy to local communities. Anglo, which is advancing towards using green hydrogen to replace diesel in the huge haul truck it is building at Anglo American Platinum’s Mogalakwena... 

Creamer Media picture taken at South Africa Investment Conference
Photo by Creamer Media's Donna Slater
Anglo American CEO Mark Cutifani.

Sienna excited about new lithium discovery at Blue Clay

By: Mariaan Webb     28th March 2022 Exploration company Sienna Resources has made a new lithium discovery on its Blue Clay project, in Nevada, encountering lithium values as high as 1 230 ppm. The discovery was made during its maiden drill programme at Blue Clay, which consists of 150 contiguous claims totalling 1 190 ha... 

Goulamina demerger a step closer

By: Esmarie Iannucci     28th March 2022 ASX-listed Firefinch on Monday told shareholders that it would proceed with the demerger of its Goulamina lithium project, in Mali, after transferring the exploitation license into the joint venture (JV) company with Jiangxi Ganfeng Lithium. The transfer triggers a $170-million funding package,... 

Morgan Stanley flags EV demand destruction as lithium soars

By: Bloomberg     25th March 2022 Electric vehicle battery makers will need to raise prices by almost 25% due to soaring lithium carbonate prices, leading to crimped margins and possibly demand destruction, according to Morgan Stanley. Chinese prices for lithium carbonate, the key ingredient in many batteries, have jumped... 

Broken Hill battery gets approved

By: Esmarie Iannucci     25th March 2022 Energy provider AGL has taken an investment decision on it’s A$41-million Broken Hill battery with the Australian Renewable Energy Agency (ARENA) to provide A$14.84-million in funding for the project. The 50MW / 50 MWh lithium-ion large scale battery will be equipped with grid forming inverters... 

Biggins steps down as Core MD

By: Esmarie Iannucci     25th March 2022 Lithium developer Core Lithium on Friday announced that foundation MD Stephen Biggins had resigned from the company, and would step down before the end of 2022. Biggins retires from the company for personal reason. 

Keliber receives mining permit for Rapasaari deposit

By: Creamer Media Reporter      24th March 2022 Finish explorer and developer Keliber, in which Sibanye-Stillwater is a large shareholder, has been granted a permit to mine lithium ore from its Rapasaari deposit and for the placement of a concentrator plant in the Päiväneva area. The Rapasaari deposit is located about 2 km south-east of... 

Piedmont prices capital raise at $65 a share

By: Esmarie Iannucci     23rd March 2022 Lithium miner Piedmont Lithium on Wednesday announced the pricing of an upsized underwritten public offering of 1.75-million common stocks, revealing that it was aiming to raise some $113.7-million, with the stocks priced at $65 each. Piedmont earlier this week flagged the capital raise to help... 

Piedmont to raise cash for lithium drive

By: Esmarie Iannucci     22nd March 2022 US-based lithium miner Piedmont Lithium has announced plans to raise capital to help restart operations at the North American Lithium (NAL) operations, in Quebec. Nasdaq and ASX-listed Piedmont told shareholders that it would conduct a public offering of some 1.5-million shares of its common... 

Posco to invest $4bn in lithium project in Argentina

By: Bloomberg     22nd March 2022 South Korean steelmaker Posco said on Monday it will invest $4-billion in a new lithium mining project in Argentina, as the company seeks to tap into soaring demand for the key rechargeable battery metal. The announcement came right after the company met with local government officials. The... 

Posco to invest $4bn in lithium project in Argentina

Parliaments must act swiftly to reduce climate change – Mapisa-Nqakula  

By: Martin Creamer     22nd March 2022 National Assembly speaker Nosiviwe Mapisa-Nqakula on Monday urged heads of the world's Parliaments gathering at the 144th plenary assembly of the Inter-Parliamentary Union to undertake all necessary efforts to deal with climate change through oversight and the constitutional powers of the... 

South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula
South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula

Lithium battery capacity to grow five-fold - Woodmac

By: Esmarie Iannucci     22nd March 2022 Advisory firm Wood Mackenzie (Woodmac) has flagged a potential five-fold increase in global cumulative lithium-ion battery capacity, to 5 500 GWh between 2021 and 2030. Woodmac on Tuesday said that the Asia Pacific region, led by China, accounted for 90% of the world’s battery manufacturing in... 

Now’s the time for full energy freedom, says green hydrogen stalwart Andrew Forrest 

By: Martin Creamer     17th March 2022 Let’s give energy sovereignty to the world. Renewable energy is everywhere. Every country can produce it. Now is the time to capture it, and have full energy freedom, enthused Fortescue Metals Group nonexecutive chairperson Andrew Forrest, while being interviewed by CNN anchor Christiane... 

Creamer Media screen shot.
Photo by Creamer Media
Fortescue Metals Group nonexecutive chairperson Andrew Forrest (right), being interviewed by CNN anchor Christiane Amanpour.

Sibanye closes €5m equity investment in Keliber

By: Creamer Media Reporter      17th March 2022 Precious and battery metals company Sibanye-Stillwater has closed the final tranche of its €30-million investment in lithium firm Keliber and now owns about 30% of the Finnish company. In the final tranche, Sibanye subscribed for 125 000 shares for €5-million. This followed a €15-million... 

Chile lithium explorer lists on London’s Aim

By: Creamer Media Reporter      17th March 2022 CleanTech Lithium, a company involved in exploration and the development of two lithium projects in Chile, on Thursday started trading on the London Stock Exchange’s Aim market. Admission followed a placing by Fox-Davies Capital for a total of 18 666 667 shares at 30p each, raising gross proceeds... 

Chile lithium explorer lists on London’s Aim

Atlantic Lithium promotes CFO to FD

By: Donna Slater     16th March 2022 Aim-listed Africa-focussed lithium explorer and developer Atlantic Lithium CFO and company secretary Amanda Harsas has been promoted to FD, effective March 16. As a senior finance executive and chartered accountant, she has a demonstrable record and over 20 years’ experience in strategic... 

Australian govt invests heavily in critical minerals projects

By: Esmarie Iannucci     16th March 2022 The federal government on Wednesday announced over A$243-million in funding support for four critical minerals projects under the Collaboration Stream of the A$1.3-billion Modern Manufacturing Initiative. The four projects are expected to create over 3 400 jobs over time and cement Australia’s... 

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

Alpha's $30m Uranium One deal on ice

By: Mariaan Webb     15th March 2022 TSX-V-listed Alpha Lithium has provisionally suspended closing of a $30-million transaction that would have seen Uranium One buying a 15% stake in the Tolilar Salar project, in Argentina, citing recent challenges. Uranium One is a subsidiary of Russian State-owned group Rosatom. Alpha Lithium... 

Alpha's $30m Uranium One deal on ice

Equivalent of a Koeberg arising in solar projects – AmaranthCX  

By: Martin Creamer     14th March 2022 The equivalent of a Koeberg power station is arising in the form of new largely mine-linked private-sector solar power photovoltaic projects across Southern Africa, according to AmaranthCX director and founder Paul Miller, whose company is working on the second edition of its electronic map of... 

Creamer Media screenshot
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Weekly Commodities Market Wrap

14th March 2022 ENERGIES - Coal markets had a wild ride last week, with Richards Bay Coal Terminal physical prices reaching a high of around $450/mt, before coming back down to around $380. As we said previously, this was likely to be the high water mark with the most desperate utilities covering in the spot... 

A table with the latest global commodity spot prices

Mineral Resources takes a stake in Global Lithium

By: Esmarie Iannucci     14th March 2022 ASX-listed Global Lithium Resources will raise A$29.9-million in a share placement to fund work at its Marble Bar lithium project, with fellow-listed Mineral Resources taking a A$13.6-million stake in the junior company. The capital raising was conducted at A$1.35 a share, representing a 10.8%... 

As EV demand rises, Biden officials warm to new mines

By: Reuters     14th March 2022 US regulators are warming to approving new domestic sources of electric vehicle battery metals, as Washington bids to avoid a reliance on strategic minerals imports similar to that on crude oil. US Energy Secretary Jennifer Granholm and other officials speaking at this week's CERAWeek energy... 

An image of US Energy Secretary Jennifer Granholm
US Energy Secretary Jennifer Granholm

Aus and India hunt for critical minerals

By: Esmarie Iannucci     14th March 2022 The Australian government has allocated A$5.8-million to a new three-year investment partnership with India, which could unlock mutual benefits for both countries from Australia’s world-leading critical minerals sector. “Australia and India are natural partners sharing mutual strategic and... 

Premier receives funding deposit to further Zulu DFS

By: Tasneem Bulbulia     11th March 2022 Aim-listed Premier African Minerals have received the £1.2-million non-refundable deposit that Suzhou TA&A Ultra Clean Technology was required to pay as part of its previously announced conditional subscription agreement. On March 8, Premier announced a conditional subscription for new ordinary... 

Atlantic Lithium mourns the death of its CEO

By: Creamer Media Reporter      10th March 2022 Australia-headquartered Atlantic Lithium, which has lithium exploration projects in Ghana and Côte d'Ivoire, has reported the sudden passing of its CEO Vincent Mascolo. "Vincent was the founder and unstoppable driving force behind the company since its inception and worked tirelessly to build... 

Gratton says Canada should do more to seize mining opportunities 

By: Mariaan Webb     10th March 2022 Canada has long been the dominant global mining nation – in mineral production, mining finance, mining services and supplies, and sustainability and safety, but Mining Association of Canada (MAC) president and CEO Pierre Gratton has warned that there are signs this position is slipping. Citing... 

MAC president and CEO Pierre Gratton has warned that Canada's position as mining leader is slipping
MAC president and CEO Pierre Gratton has warned that Canada's position as mining leader is slipping

Lithium Americas CEO says mining reform needed for EV metals supply

By: Reuters     10th March 2022 The United States should do more to streamline permitting of new mines for electric vehicle metals and not expect to rely solely on recycling of old batteries for supply, the CEO of Lithium Americas said on Wednesday. "You have to actually build out all the infrastructure and get these materials... 

Piedmont's second plant in the US proves a hit

By: Esmarie Iannucci     10th March 2022 A preliminary economic assessment (PEA) by dual-listed Piedmont Lithium into a proposed merchant lithium hydroxide plant to expand its US manufacturing capacity to 60 000 t/y of lithium hydroxide, and demonstrated positive economics. Piedmont on Thursday told shareholders that the results of the... 

Lithium squeeze has Sigma looking to double Brazil capacity

By: Bloomberg     8th March 2022 With battery makers screaming out for new supplies of lithium, a Brazilian-focused company is raising its initial output projection and turning toward a second-stage development. Sigma Lithium expects to churn out 240 000 metric tons of lithium concentrate a year from the fourth quarter at its... 

Canada forges new EV supply chain path in bid to secure growth

By: Bloomberg     8th March 2022 Canada, a major car and parts producer, is bolstering its battery and electric vehicle supply chain to ensure future growth for its vital $10-billion auto industry. On Monday, General Motors and Posco Chemical announced a $400-million investment in a new Quebec facility to produce cathode active... 

Rock Tech Lithium could build €400m plant in Romania

By: Reuters     7th March 2022 Canada's Rock Tech Lithium could invest €400-million to build its second European lithium converter and refinery in Romania, the state's energy ministry and the company said on Monday. The company, which aims to start construction of its first European facility in Germany in April, plans a... 

Ukraine invasion sets back Musk's dream for cheaper EVs, for now

By: Reuters     7th March 2022 Surging raw materials costs, made worse by Russia's invasion of Ukraine, could set back the dream of Tesla CEO Elon Musk and other auto executives to roll out more affordable electric vehicles. Rising prices of nickel, lithium and other materials threaten to slow and even temporarily reverse the... 

An image of Elon Musk
Surging raw materials costs could set back the dream of Tesla CEO Elon Musk to roll out more affordable EVs.

Weekly Commodities Market Wrap

7th March 2022 ENERGIES – The price gyrations in oil, gas and coal have been spectacular and eye-watering. Coal has been the biggest winner in the European Union (EU) energy complex by far. But this is very much a spot crisis, as curves remain steeply backwardated. With most distressed buyers having already... 

A table showing the latest spot market prices for various commodities
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