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Lithium News

SQM plans to propose major lithium hydroxide expansion, CEO says

By: Reuters     5th March 2021 Chile's SQM, the world's No.2 lithium producer, said on Thursday it hoped to soon double its goal of expanding production of lithium hydroxide from 30 000 t to 60 000 t as demand for the electric vehicle battery metal soars. CEO Ricardo Ramos said in a call with analysts that the company's... 

ioneer upsizes placement to A$80m

By: Esmarie Iannucci     5th March 2021 ASX-listed ioneer has raised A$80-million in a fully underwritten institutional placement. The company earlier this week announced plans for a A$60-million capital raise to accelerate construction of its Rhyolite Ridge lithium/boron project, in Nevada. However, it said on Friday that strong... 

ioneer in A$60m capital raise for Nevada project

By: Esmarie Iannucci     4th March 2021 ASX-listed ioneer on Thursday announced plans for a A$60-million capital raise to accelerate construction of its Rhyolite Ridge lithium/boron project, in Nevada. The company has unveiled a fully underwritten institutional placement to sophisticated, professional and institutional investors,... 

ioneer in A$60m capital raise for Nevada project

South Africa urged to play to strengths as its plots role in lithium-ion battery value chain 

By: Terence Creamer     3rd March 2021 A newly released study of the potential for developing a lithium-ion battery value chain in South Africa concludes that the country should prioritise minerals beneficiation and mining, as well as battery manufacturing as it seeks to carve out a niche for itself in what is a fast-growing, highly... 

South Africa urged to play to strengths as its plots role in lithium-ion battery value chain

Mining magnets: Arctic island finds green power can be a curse

By: Reuters     3rd March 2021 In the tenth century, Erik the Red, a Viking from Iceland, was so impressed with the vegetation on another Arctic island he had found he called it "the green land". Today, it's Greenland's rocks that are attracting outsiders - superpowers riding a green revolution. The world's biggest island has... 

Greenland Minerals and Energy's Kvanefjeld
Greenland Minerals and Energy's Kvanefjeld

To go electric, America needs more mines. Can it build them?

By: Reuters     2nd March 2021 Last September, in the arid hills of northern Nevada, a cluster of flowers found nowhere else on earth died mysteriously overnight. Conservationists were quick to suspect ioneer, an Australian firm that wants to mine the lithium that lies beneath the flowers for use in electric vehicle (EV)... 

Looking over Rhyolite Ridge South Basin, where Australian firm ioneer is planning to mine lithium used in electric vehicle batteries.
Looking over Rhyolite Ridge South Basin, where Australian firm ioneer is planning to mine lithium used in electric vehicle batteries.

Latin Resources to test, define various lithium deposits in Minas Gerais

By: Marleny Arnoldi     1st March 2021 ASX-listed Latin Resources has announced it will start exploration work on its lithium projects, held by its wholly-owned Brazilian subsidiary Mineracao Ferro Nordeste, in the Jequitinhonha valley region of Minas Gerais. The assets collectively represent 11 tenements named the Salinas lithium... 

Orocobre widens loss in first half

By: Esmarie Iannucci     26th February 2021 Lithium miner Orocobre has widened its losses for the first half of the 2021 financial year, compared with the previous corresponding period, as revenues decreased. The ASX and TSX-listed company on Friday reported a statutory consolidated group net loss of $29.1-mllion, down from the los of... 

Prospect looks at staged Arcadia development

By: Esmarie Iannucci     25th February 2021 Lithium developer Prospect Resources is looking at the staged development of its Arcadia project, in Zimbabwe, following a strategic review. The ASX-listed company on Thursday reported that the strategic review concluded that an initial smaller commercial scale production facility, using the... 

US miner applauds Biden’s order on securing critical supply chains 

By: Mariaan Webb     25th February 2021 President Joe Biden on Wednesday signed an executive order targeting supply chains in key industries to bolster domestic production and avoid shortages of critical products. The order directs an immediate 100-day review across federal agencies to address vulnerabilities in the supply chains... 

President Joe Biden
President Joe Biden

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Clockwise from top left Sietse van der Woude, Ian Mackay, and Bernard Swanepoel.
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sibanye-Stillwater makes battery metals entry

By: Mariaan Webb     23rd February 2021 Precious metals miner Sibanye-Stillwater has entered the battery metals sector through an investment in lithium firm Keliber, which has a goal of being the first European company producing high-purity, battery-grade lithium hydroxide from its own ore. The South Africa-based major would make a... 

Sibanye-Stillwater CEO Neal Froneman says the investment offers the opportunity for further geographic diversification in an attractive mining destination.
Sibanye-Stillwater CEO Neal Froneman says the investment offers the opportunity for further geographic diversification in an attractive mining destination.

Albemarle bets on lithium turnaround in wave of green-car goals

By: Bloomberg     23rd February 2021 Albemarle has earmarked almost all the proceeds from a $1.5-billion equity offering to expand its lithium capacity as the global battery boom gathers momentum. Already the world’s biggest lithium supplier, the Charlotte, North Carolina-based company will allocate about 90%, or $1.35-billion, of... 

Albemarle bets on lithium turnaround in wave of green-car goals

Chile files arbitration suit against Albemarle over lithium royalties - newspaper

By: Reuters     22nd February 2021 Chile has launched an arbitration process against US-based miner Albemarle, the world's largest lithium producer, for allegedly underpaying royalties on its sales, the head of the state development office told a local newspaper on Sunday. Pablo Terrazas, head of Corfo which handles the lithium... 

These metals are soaring on a green frenzy and global recovery

By: Bloomberg     19th February 2021 Industrial metal prices are powering to the highest in years on bets an economic recovery from the pandemic and worldwide push for cleaner, greener energy will unleash vast amounts of pent-up demand. From base-metal bellwethers to essential inputs for batteries and home electronics, post-crisis... 

These metals are soaring on a green frenzy and global recovery

Pilbara narrows losses in first half

By: Esmarie Iannucci     19th February 2021 Lithium miner Pilbara Minerals has seen a 56.5% increase in revenue for the half-year ended December, and a 66.7% increase in profits. Pilbara on Friday reported a net loss after tax of A$21.1-million, narrowed from the net loss of A$63.3-million reported in the previous corresponding period, as... 

Lithium producer Albemarle expects recovery in sales as results top estimates

By: Reuters     18th February 2021 Lithium miner Albemarle reported a better-than-expected quarter on Wednesday after taking steps to cut costs to battle lower demand and said it sees higher volumes in the current year. After the coronavirus dented growth prospects last year, Albemarle and its peers like SQM are now expecting to... 

Infinity raises A$15m for Spanish lithium

By: Esmarie Iannucci     18th February 2021 Lithium developer Infinity Lithium Corporation has received firm commitments for a A$15-million capital raise to advance its San Jóse lithium project, in Spain. “Infinity is very pleased to have received such strong support from new and existing investors as the company advances the San Jóse... 

Wesfarmers and SQM pull the trigger at Mt Holland

By: Esmarie Iannucci     17th February 2021 Joint venture (JV) partners Wesfarmers and partner Sociedad Quimica y Minera de Chile S.A (SQM) have taken a final investment decision on the Mt Holland lithium project, in Western Australia, and have committed to initial funding. ASX-listed Wesfarmers said on Wednesday that full funding would... 

Wesfarmers MD Rob Scott
Wesfarmers MD Rob Scott

DuPont partners at Vulcan's lithium project

By: Esmarie Iannucci     17th February 2021 Lithium developer Vulcan Energy on Wednesday announced a collaboration with DuPont Water Solutions to test and scale up direct lithium extraction (DLE) for Vulcan’s Zero Carbon lithium extraction process. Vulcan told shareholders that the agreement with DuPont was in line with the company’s... 

Ford becomes first US automaker to join responsible mining initiative

By: Creamer Media Reporter      16th February 2021 Ford has become the first US automaker to join the Initiative for Responsible Mining Assurance (Irma), a move which the company says is another step in realising its aspiration to responsibly source all raw materials used within its vehicles globally. Ford has also committed to nearly double its... 

Albemarle CEO signs diversity, inclusion pledge

By: Creamer Media Reporter      16th February 2021 US-based Albemarle CEO Kent Masters has signed the CEO action for diversity and inclusion pledge, committing him to promote collective action to drive inclusive behaviour strategically and deliberately. "We are committed to a culture where our values are clear, all are welcome to collaborate and... 

Galaxy joins the fight for Bald Hill

By: Esmarie Iannucci     12th February 2021 Lithium miner Galaxy Resources has joined the legal tussle to prevent embattled Alita Resources to fulfill a Deeds of Company Arrangement (DOCA) with US-based lithium products group Austroid Corporation. The administrators of Alita and its subsidiaries have entered into a Doca with Austroid,... 

Woomera launches lithium review

By: Esmarie Iannucci     11th February 2021 Junior Woomera Mining has launched a strategic review of its lithium projects after fielding several unsolicited enquiries from corporate and other entities. The ASX-listed company on Thursday said that the review into the lithium assets would consider a range of potential partnering, funding... 

Vision Blue helping world to achieve green dream with high-return prospects for investors  

By: Martin Creamer     10th February 2021 The world’s energy transition away from fossil fuels is a phenomenon that is not dependent on any assumptions about gross domestic product (GDP) growth or countries urbanising or industrialising. It is a phenomenon driven by international consensus that the carbon footprint of the world has to be... 

Sir Mick Davis
Sir Mick Davis interviewed by Mining Weekly’s Martin Creamer about Vision Blue Resources. Video: Darlene Creamer.

Early site works get under way at Sonora

By: Creamer Media Reporter      10th February 2021 Following its successful $65-million fundraise last week, Aim-listed development company Bacanora Lithium has kicked off initial site activities at the Sonora project, in Mexico. Bacanora is building the project together with its partner, Ganfeng Lithium – the world's largest lithium metals... 

American Lithium to acquire Plateau Energy

By: Creamer Media Reporter      10th February 2021 TSX-V-listed juniors American Lithium and Plateau Energy on Tuesday announced the consolidation of two strategic undeveloped lithium assets at a time of rapidly growing demand backed by an increasing focus on electric vehicles, energy storage and renewable energy generation. The acquisition of... 

Firefinch floats Goulamina lithium spin-off

By: Esmarie Iannucci     9th February 2021 ASX-listed Firefinch on Tuesday announced plans to demerge its Goulamina lithium project, in Mali, into a separate lithium-focused company which would list on the Australian bourse. Firefinch told shareholders that a strategic review had found that the Goulamina project was materially... 

Firefinch floats Goulamina lithium spin-off

Platinum group metals outlook: constrained supply, very strong demand growth – WPIC  

By: Martin Creamer     8th February 2021 The outlook for platinum group metals (PGMs) is one of constrained supply and very strong demand growth. “You’ve got the entire PGMs suite that is short and that certainly will translate into tight markets,” World Platinum Investment Council (WPIC) Director of Research Trevor Raymond told Mining... 

World Platinum Investment Council Director of Research Trevor Raymond
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Magnis finds funds for NY plant

By: Esmarie Iannucci     8th February 2021 Graphite and lithium-ion battery hopeful Magnis Energy Technologies will raise A$34-million through a share placement to fast-track the development of its battery plant in New York. The company on Monday announced that it had received firm commitments from professional, institutional and... 

Argosy raises cash for Argentina lithium project

By: Esmarie Iannucci     8th February 2021 ASX-listed Argosy Minerals will raise A$30-million through an oversubscribed share placement to fund lithium production at its Rincon project, in Argentina. The placement will consist of more than 230.7-million new shares, to be issued at a price of 13c a share is to institutional, sophisticated... 

Lithium prices to benefit from EV uptake, says Fitch Solutions

By: Tasneem Bulbulia     5th February 2021 Lithium prices are expected to soon normalise following the spike in Chinese spot prices experienced from the end of December 2020 through January, Fitch Solutions Country Risk and Industry Research says. Chinese spot prices for battery-grade lithium carbonate and lithium hydroxide have rallied... 

Bacanora raises $65m for Mexico lithium project

By: Mariaan Webb     4th February 2021 Aim-listed Bacanora Lithium has successfully raised $65-million for its Sonora lithium project, in Mexico, setting the company on a path to becoming a lithium producer in the next two years. The fundraise is the final piece of Bacanora’s 50% share of the financing required to bring into... 

Vulcan raises A$120m to advance Zero Carbon lithium

By: Esmarie Iannucci     4th February 2021 ASX-listed Vulcan Energy has completed a A$120-million institutional placement to accelerate the development of its Zero Carbon lithium project, in Germany. “We received overwhelming support for the placement from both domestic and international environmental and social governance-focused... 

Vulcan raises A$120m to advance Zero Carbon lithium

Core raises A$40m for Finniss

By: Esmarie Iannucci     4th February 2021 ASX-listed Core Lithium will raise A$40-million in a share placement to global institutional investors to help advance the development of its Finniss lithium project, in the Northern Territory. The company on Thursday reported that it had received firm commitments for the placement of... 

Botswana intensifying effort to attract non-diamond exploration  

By: Martin Creamer     3rd February 2021 Botswana has intensified efforts to digitise and make geoscience information readily available to local and international potential investors in an effort to encourage prospecting for non-diamond minerals, Botswana President Mokgweetsi Masisi told the virtual 2021 Investing in African Mining... 

Botswana president Mokgweetsi Masisi
Photo by Creamer Media
Botswana president Mokgweetsi Masisi

European Metals raises funds for Cinovec

By: Esmarie Iannucci     3rd February 2021 Triple-listed European Metals Holdings has raised A$7.1-million through a share placement to institutional and sophisticated investors, to further assist in the development of its Cinovec lithium/tin project, in the Czech Republic. The ASX-, Aim-, and Nasdaq-listed company on Wednesday announced... 

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

Minerals Council South Africa president Mxolisi Mgojo
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.
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