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Lithium News

EV industry must work closer with lithium suppliers, executives say

By: Reuters     2nd December 2021 Automakers must work closer with lithium producers to guarantee supply of specialized types of the white metal that boost an electric vehicle's range and performance, Albemarle Corp and Livent Corp executives told the Reuters Next conference https://reutersevents.com/events/next on Wednesday. As... 

Firefinch not raising cash

By: Esmarie Iannucci     2nd December 2021 The share price of ASX-listed Firefinch rose by more than 4% on Thursday after the company refuted claims that it was looking to raise capital. Responding to a media article that alluded that the company could be looking to raise capital in the near future, the company said in a statement that... 

Atlantic Lithium upgrades mineral resource at Ghana project

By: Simone Liedtke     1st December 2021 Aim-listed Atlantic Lithium has reported a significant mineral resource estimate (MRE) upgrade to 21.3-million tonnes at 1.31% lithium oxide (Li2O) for the Ewoyaa deposit and surrounding pegmatites within the Cape Coast lithium portfolio, in Ghana. The estimate includes 5.2-million tonnes at... 

China's companies are going to any length for a hold on lithium

By: Bloomberg     1st December 2021 Automobile executives in China have had a lot to contend with this year. But those operating in the electric-car space (which is almost everyone these days) have had it especially tough. Not only has the world’s biggest EV market become even more crowded in 2021 but the explosive sales —... 

Even the battery boom can’t escape world’s supply chain woes

By: Bloomberg     1st December 2021 Soaring commodity prices and supply chain bottlenecks threaten to push up the cost of batteries seen as crucial in the fight against climate change. Higher raw material costs could push the average price of a lithium-ion battery pack to $135 per kilowatt-hour in 2022, a 2.3% gain from this year’s... 

Firefinch receives first payment from Ganfeng

By: Esmarie Iannucci     1st December 2021 ASX-listed Firefinch has received its first $39-million payment from joint venture (JV) partner Ganfeng Lithium Co, after Chinese regulators approved the JV over the Goulamina lithium project. The two companies earlier this year struck an agreement under which Ganfeng would make a $130-million... 

Liontown raises A$450m for Kathleen Valley development  

By: Esmarie Iannucci     1st December 2021 Lithium developer Liontown Resources on Wednesday launched a fully underwritten institutional placement to raise A$450-million to develop its Kathleen Valley project, in Western Australia. The company would place some 272.7-million shares, at a price of A$1.65 each, representing a 14.1%... 

Image shows Australian currency

China's Chengxin submits bid for Ukraine lithium deposits

By: Reuters     30th November 2021 Chengxin Lithium has applied for the rights to two lithium deposits in Ukraine that are up for auction, a Ukrainian government website showed, in a move that would give the Chinese company a foothold in the European lithium industry. The bid underscores Shenzhen-based Chengxin's ambitious... 

Uranium One makes Argentina lithium investment

By: Mariaan Webb     30th November 2021 Uranium One, a subsidiary of Russia’s Rosatom, is entering a lithium project in Argentina as the group continues its strategy of investing in non-uranium mineral resources. Uranium One will invest $30-million in the 27 500-ha Tolillar Salar project of TSX-V-listed Alpha Lithium, and will earn an... 

Uranium One makes Argentina lithium investment

Vulcan inks another offtake in Europe

By: Esmarie Iannucci     29th November 2021 ASX-listed Vulcan Energy Resources has signed a binding lithium hydroxide offtake agreement with NYSE-listed Stellantis. Starting in 2026, Vulcan will supply between 81 000 t and 99 000 t of battery grade lithium hydroxide over the duration of the initial five-year agreement. 

NSW sets critical minerals pathway

By: Esmarie Iannucci     29th November 2021 The Association of Mining and Exploration Companies (Amec) has welcomed the Critical Minerals and High-Tech Metals Strategy launched by New South Wales Deputy Premier Paul Toole. The Strategy details the vision to realise the economic potential of critical minerals investment and delivery... 

Froneman tells world of Sibanye’s confidence in hydrogen economy  

By: Martin Creamer     26th November 2021 Platinum group metals (PGMs) are poised to be a very significant underpin in the green hydrogen economy and Sibanye-Stillwater is intent on ensuring that the supply of PGMs is sustainable and that the company is part of the global climate change solution, Sibanye CEO Neal Froneman told a global... 

Creamer Media screenshot
Sibanye-Stillwater hydrogen presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Brian Menell’s TechMet invests in Cornish Lithium

By: Mariaan Webb     26th November 2021 Mineral exploration and development company Cornish Lithium has landed its first investment from a financial institution, with technology metals investor TechMet putting £18-million into the UK company. TechMet, founded by British-South African metals industrialist Brian Menell, invests in... 

An image of Brian Menell
TechMet founder Brian Menell

Argentine State energy firm YPF spies lithium tie-ups with China's CATL

By: Reuters     26th November 2021 rgentina's State energy company YPF, making a push into the country's burgeoning lithium sector, met with officials from major Chinese battery maker CATL on Thursday, with both sides talking up plans to become "strategic partners" in the sector. The South American country, part of the region's... 

Law firm creates outsourced compliance solution for mining industry 

By: Martin Creamer     25th November 2021 A specialist mining law firm, which prefers people to paper, has created an outsourced compliance solution for Africa’s mining industry. NSDV will not simply rely on the paper trail when a client calls with an issue, but instead phone, WhatsApp, or drive there and chat to the officials. 

NSDV supplied picture
NSDV director and co-founder Lili Nupen

Premier encouraged by pegmatite intersections in a new zone at its Zulu project

By: Creamer Media Reporter      25th November 2021 Aim-listed Premier African Minerals says pegmatite intersections have been encountered in a zone at its Zulu project, in Zimbabwe, that was not previously included in any of the company's exploration target assessments or in the existing resource estimate. "Together with preliminary results from... 

Chinese miners eye Afghanistan’s mineral reserves

By: Bloomberg     25th November 2021 Chinese firms are showing interest in exploiting Afghanistan’s vast untapped mineral resources as Beijing seeks a role in reconstructing the nation’s war-ravaged economy. Afghanistan is sitting on deposits estimated to be worth $1-trillion or more, including what may be the world’s largest... 

BloombergNEF presents compelling case for DRC to become battery value chain champion

By: Marleny Arnoldi     24th November 2021 The Democratic Republic of the Congo (DRC) can leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials, says strategic research provider BloombergNEF (BNEF). It estimates that it would cost... 

Koch makes $100m investment in Standard Lithium

By: Creamer Media Reporter      24th November 2021 Industrial group Koch Strategic Platforms, a subsidiary of Koch Investments Group, will make a $100-million investment in technology and lithium project development company Standard Lithium through a direct private placement. KSP will subscribe for 13.48-million shares of Standard Lithium at... 

Anson fast-tracks Utah lithium project

By: Esmarie Iannucci     24th November 2021 Junior Anson Resources on Wednesday said that it was accelerating engineering work for the Paradox lithium project, in Utah, to take advantage of the continued rapid development of the lithium product market. The ASX-listed company has appointed contractor Worley to conduct a detailed... 

Miners welcome draft resources plan in Qld

By: Esmarie Iannucci     24th November 2021 The resources sector has welcomed the release of the draft Queensland Resources Industry Development Plan (QRIDP). The QRIDP identifies the biggest global trends affecting the industry now and over the next three decades, and presents actions that will enable industry and government to respond... 

ABR raises A$37m for US boron/lithium project

By: Esmarie Iannucci     23rd November 2021 ASX-listed American Pacific Borates (ABR) has completed a A$37-million share placement to three global institutional investors. The company on Tuesday announced that it had placed more than 17.6-million shares, at a price of A$2.10 each, under its existing placement capacity. 

Qld to build its own critical minerals refinery

By: Esmarie Iannucci     23rd November 2021 The Queensland government on Tuesday announced plans to spend some A$10-million to build and own a new processing plant for a key new resource mineral in Townsville. The vanadium facility will be part of the government’s plan to make Queensland a leading producer and exporter of new-economy... 

IronRidge changes name to Atlantic Lithium

By: Tasneem Bulbulia     22nd November 2021 Aim-listed IronRidge Resources says that further to the passing of the resolution at its annual general meeting on November 18, the Australian Securities and Investments Commission has approved its change of name to Atlantic Lithium.  The company will trade under the new name from November 22. 

Vulcan solidifies offtake with Renault

By: Esmarie Iannucci     22nd November 2021 Lithium developer Vulcan Energy has inked a binding lithium hydroxide offtake agreement with vehicle manufacturer Renault Group. The binding offtake agreement follows an August term sheet between the two companies, and covers an initial six-year period from the start of commercial production at... 

IronRidge granted exploration licence for Cape Coast in Ghana

By: Tasneem Bulbulia     19th November 2021 Aim-listed IronRidge Resources announces that its Cape Coast project, in Ghana, has been granted as an exploration licence. The newly granted licence is adjacent to the Mankessim exploration licence which hosts the Ewoyaa lithium project. 

Firefinch sees output at Mali lithium mine by early 2024

By: Reuters     19th November 2021 Australian lithium miner Firefinch expects its Goulamina project in Mali to start production in late 2023 or early 2024, its country director Seydou Semega told Reuters on Thursday. The company foresees annual production of over 436 000 t of spodumene concentrate, the ore from which lithium is... 

Metallurgical test work results confirm Uis mine’s lithium, tantalum production potential

By: Simone Liedtke     18th November 2021 Aim-listed AfriTin Mining’s density-based lithium beneficiation test work at its Uis tin mine, in Namibia, has achieved petalite concentrate grades in excess of 4% lithium oxide and within contaminant specifications for a typical saleable technical grade petalite product. The miner will now... 

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... 

Lithium Americas beats CATL to buy Millennial for $400m

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... 

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