R/€ = 18.1272 Change: -0.0051
R/$ = 17.1732 Change: -0.0044
Au 1789.18 $/oz Change: 3.29
Pt 1010.00 $/oz Change: 3.51

Lithium News

Aveng’s strong full-year performance positions it well for long-term growth

By: Tasneem Bulbulia     23rd August 2022 JSE-listed Aveng says improved revenues, gross margins and operating earnings, combined with strong cash generation, were underpinned by a stronger capital base in the financial year ended June 30. The construction and engineering group has completed its recovery and turnaround to profitability... 

Pilbara revenues soar

By: Esmarie Iannucci     23rd August 2022 Lithium miner Pilbara Minerals has reported a 577% increase in sales revenue for the 2022 financial year, as spodumene concentrate shipments increased by 28%. The ASX-listed company on Tuesday announced that 361 035 t of spodumene concentrate was shipped during the full year ended June, up from... 

Encounter looks for lithium at Sandover

By: Esmarie Iannucci     23rd August 2022 Junior Encounter Resources has launched a strategic review into the lithium potential at its Sandover copper project, in the Northern Territory. The company told shareholders on Tuesday that the region’s lithium perspectivity had been recognised by a number of companies. 

Climate disasters risk putting a damper on electric-car making

By: Bloomberg     22nd August 2022 Automakers racing to make more electric vehicles have a problem: climate change is catching up with the industry. On Monday, authorities in China’s Sichuan province — the source of about a fifth of the country’s lithium production — extended electricity cuts to some industrial users as the most... 

Battery boom keeps lithium recession-proof for top miner SQM

By: Bloomberg     22nd August 2022 The good times will keep rolling for lithium producers in a market free of the slowdown fears that rattled other commodities in recent months, according to the second-largest supplier of the battery metal. Reporting record quarterly earnings, SQM projected at least a 35% jump in demand this... 

Aus miners welcome US legislation

By: Esmarie Iannucci     22nd August 2022 The Minerals Council of Australia (MCA) has welcomed the passing of the Inflation Reduction Act in the US, saying it would help to underpin the critical minerals sector in Australia. The new bill would see the US government invest some $369-billion in renewable energy and reducing the US’... 

SQM expects strong lithium demand despite price pressures

By: Reuters     19th August 2022 Chilean miner SQM saw demand for lithium soar in the last quarter and expects the trend to continue despite price pressures, its executives said during an earnings call on Thursday. The company forecasts global lithium demand will grow 35% through 2022, according to a presentation shared during... 

Elon Musk’s license to print money off lithium didn’t last long

By: Bloomberg     19th August 2022 Elon Musk says there’s big money to be made by turning raw lithium into battery chemicals, but shrinking profit margins suggest the mining end of the business might still be a better bet. Musk last month described lithium refining as the hard part in the complex process of getting raw materials... 

South Africans called on to apply for funding to build South Africa’s hydrogen economy 

By: Martin Creamer     19th August 2022 A call for funding applications to be submitted for the development of the hydrogen economy is made in an advertisement placed today by South Africa’s Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation (DSI). The call is for funding applications to be... 

Call for applications for funding for developing the hydrogen economy in South Africa.
Call for applications for funding for developing the hydrogen economy in South Africa.

Environmental project plan conducive to sustainable supply

By: Cameron Mackay     19th August 2022 Lithium miner Savannah Resources is exploring several technology options to reduce carbon emissions from the company’s Barroso lithium project, in northern Portugal, once operational. This includes using solar and wind power, as well as electric trucks. “We also have plans in place to restore the... 

Image of an overview of the Barroso lithium project
TRANSITION-ENABLING PROJECT This project is vital for an effective transition to clean and sustainable energies for Portugal and Europe

Five vital commodity industries are buckling under energy crisis

By: Bloomberg     18th August 2022 The energy crisis is getting worse, piling pressure on commodities industries that provide the building blocks of the global economy. Energy-intensive sectors such as steel, fertilizers and aluminum – the most widely used base metal – are being forced to close factories or pass on soaring costs.... 

An image of the Budel zinc refining facility
Nyrstar has announced it will halt the giant Budel zinc facility in the Netherlands.

Chile's SQM reports near ten-fold jump in Q2 net profit

By: Reuters     18th August 2022 Chile's SQM, one of the world's top lithium miners, reported an almost ten-fold jump in second-quarter net profit late on Wednesday, as demand for the metal used to manufacture electric-vehicle (EV) batteries skyrocketed. The miner's net profit was $859.3-million for the quarter, up from... 

Kazera receives second payment of $400 000 in lithium deal

By: Darren Parker     17th August 2022 Aim-listed investment company Kazera Global has received the second payment of $400 000 in accordance with the terms of a deal signed with Chinese company Hebei Xinjian Construction, as announced on July 20. Under the terms of the deal, Kazera will receive a $7.5-million investment from Hebei in... 

TNG diversifies into lithium

By: Esmarie Iannucci     16th August 2022 ASX-listed TNG has acquired the Sandover lithium project, some 50-km from its Mount Peake vanadium/titanium/iron project, in the Northern Territory. The two exploration tenements that make up the project area covers some 8 151 km 2 and is considered highly prospective for lithium in pegmatites. 

Atlantic announces ASX listing offer

By: Tasneem Bulbulia     15th August 2022 Aim-listed Atlantic Lithium has announced the company’s ASX dual listing offer, which opens on August 23. The company on August 15 lodged a prospectus with the Australian Securities and Investments Commission setting out the terms of the ASX offer, which is an offer to acquire up to 22.9-million... 

Lithium value to remain high amid accelerated demand, tight supply – Fitch Solutions 

By: Donna Slater     12th August 2022 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) says lithium prices will remain “extremely” elevated this year and next, as accelerating demand for lithium-ion batteries and a tight upstream supply keep market supply... 

A photo of a parking space for EVs
Photo by Bloomberg
EVs will continue to be a big driver of demand for lithium

Miners face supply chain overhaul to meet US EV credit deadline

By: Reuters     12th August 2022 Miners will struggle to expand operations in the United States in record time to meet a deadline for sourcing key minerals domestically or from select countries as set out by a bill likely to be passed on Friday, companies and industry watchers said. The requirement is part of a sweeping bill... 

Miners face supply chain overhaul to meet US EV credit deadline

Australian resources key to decarbonising - Minister

By: Esmarie Iannucci     11th August 2022 The Australian resources sector, including its coal and gas sectors, had a significant role to play in the nation’s decarbonising efforts, federal Resources Minister Madeleine King said. Speaking at the Queensland Resources Media Club, in Brisbane, King said that traditional resources would help... 

Environmental, social and governance elevating to safety-equalling status, mining webinar hears  

By: Martin Creamer     11th August 2022 The shift from linear to circular value chains has the potential to impact all aspects of mining and requires a rethink, Anglo American Platinum sustainable impact head Stephen Bullock has told a Southern African Institute of Mining and Metallurgy (SAIMM) webinar. In a presentation on the... 

Anglo American Platinum sustainable impact head Stephen Bullock.
Southern African Institute of Mining and Metallurgy webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Galileo to acquire 29% of BC Ventures, unlock Zim lithium project

By: Donna Slater     10th August 2022 Following an addendum to an original agreement, zinc, copper and rare earths explorer Galileo Resources is set to acquire a 29% shareholding in BC Ventures in exchange for 50-million shares (consideration shares) in Galileo Resources. BC Ventures is the owner of a highly-prospective lithium... 

Lithium projects in Africa increasing, but Americas will still dominate – Fitch Solutions

By: Tasneem Bulbulia     8th August 2022 Fitch Solutions Country Risk and Industry Research expects to see an increase in lithium development projects in Africa, particularly from Chinese firms, with investment buoyed by expectations for lithium to resist the downwards trend of most nonferrous metals in the second half of the year amid... 

The EV race is turning a gold rush haven into a battery hub

By: Bloomberg     8th August 2022 Gold has long dominated the Western Australian city of Kalgoorlie, born in a late 19th Century prospecting rush and home to one of the world’s largest-open pit mines, nestled right next to residential streets. Blasts to dislodge precious-metal laced rock from the more than two-mile long Super Pit... 

The EV race is turning a gold rush haven into a battery hub

Acquisition to bolster Clear Sky’s lithium potential in Nevada

By: Simone Liedtke     8th August 2022 Mineral exploration and development company Clear Sky Lithium has entered into a property option agreement with miner Halo Lithium, pursuant to which it has been granted the right to acquire the Halo project, in Nevada. The acquisition of the project, which comprises 98 mineral claims, will... 

Lithium miner ioneer finds workaround for wildflower that’s stalling US project

By: Bloomberg     5th August 2022 A lithium supplier for Ford Motor and Toyota Motor expects to clear an environmental hurdle involving a rare flower next year, paving the way for deliveries to electric-vehicle makers ahead of looming shortages of the battery metal. ioneer seeks to build its Rhyolite Ridge lithium-boron project... 

Lithium miner ioneer finds workaround for wildflower that’s stalling US project

Core appoints CEO

By: Esmarie Iannucci     5th August 2022 Lithium developer Core Lithium has appointed Gareth Manderson as the company’s CEO, succeeding Stephen Biggins, who announces his resignation as MD in March this year. Manderson, who has 28 years experience in the mining and minerals sector, was most recently the GM of sustaining capital with... 

Lithium exports reached record heights in June - ABS

By: Esmarie Iannucci     5th August 2022 A deep dive by the Australian Bureau of Statistics (ABS) into the Australian lithium sector has shown that lithium concentrate exports reached a record high in the month of June, reaching A$1.16-billion. This was up 1 189% or A$10.7-billion from the month of June in 2021. 

New records set for Aus resource exports

By: Esmarie Iannucci     5th August 2022 New trade data from the Australian Bureau of Statistics (ABS) has shown that Australia’s resources sector had posted another record year of exports, with total resources and energy exports were worth a record A$414-billion, in seasonally adjusted terms, in the 2021-22 financial year. This meant... 

Image shows operations at the port of Port Hedland

Albemarle's lithium sales surge after supply contracts renegotiated

By: Reuters     4th August 2022 Albemarle, the world's largest producer of lithium for electric vehicle batteries, raised its annual forecast on Wednesday and reported a better-than-expected quarterly profit after it renegotiated supply contracts for the metal at higher prices. The results reflect the rising demand for lithium... 

Sayona tracking well at NAL

By: Esmarie Iannucci     4th August 2022 The restart of the North American Lithium (NAL) operations, in Québec, remained on track for first spodumene concentrate production in the first quarter of 2023. ASX-listed Sayona Mining said on Thursday that some 30% of the NAL plant and equipment upgrades have now been completed, with some... 

Sayona tracking well at NAL

Premier receives $18.1m in funding for Zulu pilot processing plant

By: Tasneem Bulbulia     3rd August 2022 Aim-listed Premier African Minerals has concluded the definitive transaction documents in respect of the marketing and prepayment agreement with Suzhou TA&A, and is in receipt of about $18.1-million of the prepayment required to have been paid to date. The funds will be used for the Zulu plant... 

Lithium demand assured - Pilbara Minerals

By: Esmarie Iannucci     3rd August 2022 Lithium miner Pilbara Minerals was positive on the growth expectations for global lithium demand. Newly appointed MD and CEO Dale Henderson told delegates at the Diggers and Dealers conference that Pilbara Minerals estimated that global lithium demand would require at least 18 projects the size... 

GM prepaying Livent $198m for guaranteed lithium supply

By: Reuters     3rd August 2022 General Motors is prepaying Livent $198-million for a guaranteed six-year supply of lithium, a deal that reflects the auto industry's rising worry about a tightening market for the electric vehicle battery metal. Prepaying cash for a guaranteed metal supply is unusual in the mining industry. The... 

Liontown confident on Kathleen Valley delivery

By: Esmarie Iannucci     3rd August 2022 Lithium developer Liontown Resources was confident that it could execute its Kathleen Valley project, in Western Australia, within the set timeframe and within the new budget. The miner at the end of June took a final investment decision on the Kathleen Valley project, but flagged a cost... 

Atlantic reports promising lithium results for Ewoyaa

By: Darren Parker     2nd August 2022 Aim-listed lithium exploration and development company Atlantic Lithium, which is focussed on delivering Ghana’s first lithium mine, has announced assay results from the resource and exploration drilling programme currently under way at the Ewoyaa lithium project in Ghana. On August 2, Atlantic... 

President Ramaphosa’s got it right, says ex-Eskom CEO on new energy plan  

By: Martin Creamer     1st August 2022 African Rainbow Energy and Power CEO and former Eskom CEO Brian Dames concurs fully with the energy plan unveiled by President Cyril Ramaphosa. “I think he’s got it right,” was Dames's summing up of the President's energy initiative during a discussion at the Coal & Energy Transition Day, covered... 

Creamer Media screenshot image.
Coal & Energy Transition Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

ioneer strikes another offtake deal

By: Esmarie Iannucci     1st August 2022 Lithium boron developer ioneer has inked a binding offtake agreement with the joint venture between majors Toyota Motor Corporation and Panasonic Corporation, Prime Planet Energy & Solutions (PPES). Under the offtake agreement will supply PPES with 4 000 t/y of lithium carbonate from the... 

Zimbabwe will raise taxes on platinum, lithium to boost revenue

By: Bloomberg     29th July 2022 Zimbabwe plans to increase royalty rates on platinum producers and introduce one for lithium miners from Jan. 1 as part of efforts to boost its coffers that have come under strain from weakening economic conditions. The rate for platinum miners will double to 5% and a new rate of the same amount... 

Mining duo plan $290m lithium project investment in Argentina

By: Reuters     28th July 2022 Miners Ultra Argentina and China's Zangge Mining will invest $290-million in northwest Argentina to explore and develop potentially lucrative lithium deposits, the government said late on Wednesday. The plan to produce lithium carbonate, a major component in rechargeable batteries, will start... 

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