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Lithium News

As miners gear up for virtual shindig, commodities offer hope amid pandemic gloom

By: Nadine James     29th January 2021 Despite the ongoing uncertainty caused by the global Covid-19 pandemic, the mining industry continues to play a crucial role in the global economy, proving how resilient and adaptable it is, says international exhibition organiser Hyve Group. The mining sector has fared reasonably well during the... 

Galan raises funds for lithium hunt

By: Esmarie Iannucci     27th January 2021 Lithium brine developer Galan Lithium will raise A$10-million in a share placement to fund work at its Hombre Muerto West lithium project, in Argentina. The company on Wednesday announced that it has received firm commitments for the placement of 20-million shares, at a price of 50c each. The... 

Output climbs and cost fall at Olaroz

By: Esmarie Iannucci     27th January 2021 Lithium miner Orocobre has reported record sales volumes from its Olaroz lithium facility, in Argentina, for the December quarter, while costs have declined to near all-time lows. Production during the December quarter reached 3 727 t, up 58% quarter-on-quarter, as Orocobre responded to... 

Green technology boost for African mining 

By: Martin Creamer     26th January 2021 The key to unlocking value of Kabanga Nickel and enabling the full beneficiation of new era metals in Tanzania is an environment-friendly hydrometallurgy process that eliminates smelting and thus slashes the need for electricity. The Kabanga Nickel Hydromet process – which takes ore to refined... 

President John Magufuli of Tanzania, seated, looks on as Tanzania's Chief Treasurer Athumani Mbutukwa receives share certificates from Kabanga Nickel vice chairperson Chris von Christierson (centre) and Kabanga Nickel CEO Chris Showalter (right).
President John Magufuli of Tanzania, seated, looks on as Tanzania's Chief Treasurer Athumani Mbutukwa receives share certificates from Kabanga Nickel vice chairperson Chris von Christierson (centre) and Kabanga Nickel CEO Chris Showalter (right).

Lake raises funds for Kachi advancement

By: Esmarie Iannucci     25th January 2021 Lithium developer Lake Resources will raise A$20.6-million in a share placement to fund its flagship Kachi lithium brine project, in Argentina. The ASX- and OTC-listed company on Monday said that it would issue some 125-million new shares, at an offer price of 16.5c each to institutional... 

Lake raises funds for Kachi advancement

Local sourcing vital in UK, considering expected 70% jump in EV sales

By: Marleny Arnoldi     22nd January 2021 Research agency Fitch Solutions foresees a good year for electric vehicle (EV) development and a key component thereof, lithium. It says critical raw material (CRM) developments in the UK, the US and the European Union (EU) bode well for those regions’ battery supply chains and reducing their... 

Local sourcing vital in UK, considering expected 70% jump in EV sales

Platinum group metals demand set to overwhelm supply balance – Davis  

By: Martin Creamer     21st January 2021 Long-serving precious metals consultant Dr David Davis has reached the conclusion, after a comprehensive study, that the demand for platinum group metals (PGMs) is poised to outstrip stagnant supply. Davis, who has spent several months carrying out a ‘deep dive’ into the future of PGMs for... 

Precious metals consultant Dr David Davis, who believes that platinum will be next to board the price rocket.
Precious metals consultant Dr David Davis, who believes that platinum will be next to board the price rocket.

Manono's footprint enviable - AVZ

By: Esmarie Iannucci     21st January 2021 An independent study of the Manono lithium and tin project, in Democratic Republic of Congo, has found that it is likely to have one of the lowest carbon footprints of any global hard rock lithium project. ASX-listed AVZ Minerals on Thursday told shareholders that the greenhouse gas (GHG)... 

Ewoyaa scoping study sets out low capital cost

By: Donna Slater     19th January 2021 Aim-listed explorer IronRidge Resources has completed a scoping study on the Ewoyaa lithium project in Ghana, which supports a business case for a two-million-tonne-a-year operation with an eight-year life-of-mine (LoM), LoM revenues exceeding $1.55-billion and significant potential to extend the... 

Platinum group metals playing role in Switzerland’s green hydrogen roll-out  

By: Martin Creamer     19th January 2021 Platinum group metals (PGMs), which South Africa hosts in greater abundance than any other country on earth, are playing important catalytic roles in Switzerland’s green hydrogen and green truck rollout, which is now under way. Mining Weekly can today report that proton exchange membrane (PEM)... 

Hyundai Hydrogen Mobility CEO Mark Freymueller
Hyundai Hydrogen Mobility CEO Mark Freymueller is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Want a fuel cell, you need platinum – analysts 

By: Martin Creamer     18th January 2021 If you want a fuel cell, you need platinum, is one of the multiplicity of points Bernstein investment company makes in a major work just released, which shows growing and ongoing demand for platinum group metals (PGMs) and provides ample reason why metals and mining matter more than ever. In the... 

Predicted future PGM tons heading high.
Photo by Bernstein
Predicted future PGM tons heading high.

Nevada lithium project wraps up federal permitting

By: Mariaan Webb     18th January 2021 The US Bureau of Land Management (BLM) has issued a record of decision (RoD) for the Thacker Pass lithium project, in Nevada, project developer Lithium Americas announced on Friday. The company plans to extract lithium from a clay deposit in two phases, over about 40 years, producing about 60... 

SQM says relations with indigenous communities are improving

By: Reuters     18th January 2021 Chilean company SQM, the world's second largest lithium producer, has a priority commitment to the indigenous communities surrounding the Atacama salt flat, the firm's General Manager Ricardo Ramos said in an interview. According to the interview, published on Sunday in the newspaper La Tercera,... 

Fatou drilling to commence once funding finalised

By: Donna Slater     15th January 2021 Aim-listed gold and lithium explorer and developer Kodal Minerals has undertaken further field reconnaissance and planning of the maiden drilling programme at its Fatou project, in Mali, which will start as soon as possible and in line with a funding agreement being finalised. The company is... 

Vulcan shows its carbon neutral hand

By: Esmarie Iannucci     15th January 2021 A prefeasibility study (PFS) into ASX-listed Vulcan Energy’s Zero Carbon lithium project, in Germany, has demonstrated the potential to develop a cutting edge combined renewable energy and lithium hydroxide project with a net zero carbon footprint. Vulcan is proposing to draw on naturally... 

Metals behind EV revolution to resume volatile rally - again

By: Bloomberg     15th January 2021 Battery metals are set to rebound this year as an electric-vehicle boom is bolstered by post-pandemic push for a green economic recovery. US President-elect Joe Biden has indicated the sector could get a boost, while China wants new energy vehicles to account for about 20% of total new car sales... 

Metals behind EV revolution to resume volatile rally - again

IronRidge commences Ewoyaa drilling

By: Donna Slater     14th January 2021 Aim-listed explorer IronRidge Resources says a 12 500 m drilling programme at its Ewoyaa lithium project, in Ghana, has started, with contractor GeoDrill having mobilised on site and started reverse circulation (RC) drilling. The campaign is intended to add resource tonnes within the immediate... 

American Lithium submits operations plan to BLM

By: Donna Slater     14th January 2021 TSX-listed project acquirer, developer and explorer American Lithium is moving its flagship Tonopah lithium project, in Nevada, US, towards its next phase of development with the submission of a plan of operations to the Bureau of Land Management (BLM). Drilling during 2019 and 2020 resulted... 

Weak lithium prices could slow EV revolution, Albemarle warns

By: Reuters     14th January 2021 Global supplies of lithium used to make electric vehicle (EV) batteries will fall short of projections for demand to more than triple by 2025 if prices do not rebound to fund expansions, an executive at industry leader Albemarle said this week. The warning laid bare the tension emerging in the... 

Weak lithium prices could slow EV revolution, Albemarle warns

Galan takes major stake in Greenbushes South

By: Esmarie Iannucci     14th January 2021 ASX-listed Galan Lithium has struck a deal with fellow-listed Lithium Australia to acquire an 80% interest in the Greenbushes South lithium project, in Western Australia. Under the terms of the agreement, Galan would issue 1.22-million shares to Lithium Australia to form an unincorporated joint... 

Galan takes major stake in Greenbushes South

Pilbara completes capital raise

By: Esmarie Iannucci     14th January 2021 Lithium miner Pilbara Minerals has successfully completed the retail component of its entitlement offer, raising some A$60.6-million. The company last year announced plans to raise some A$121-million through a fully underwritten accelerated non-renounceable entitlement offer, to partly fund the... 

IronRidge identifies new pegmatite targets at Ghana lithium project

By: Donna Slater     13th January 2021 Aim-listed explorer IronRidge Resources has defined multiple new pegmatite targets following auger drilling at the Ewoyaa lithium project, in Ghana, where the company has defined a Joint Ore Reserves Committee-compliant mineral resource estimate of 14.5-million tonnes at a grade of 1.31% lithium... 

Battery metals demand expected to rise in 2021  

By: Simone Liedtke     12th January 2021 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects the demand for key battery metals to rise in the coming year as renewable energy and technology adoption continues to pick up pace. The acceleration to a... 

Battery metals demand expected to rise in 2021

Lithium miner’s German smelter plan draws billionaires

By: Bloomberg     12th January 2021 Rock Tech Lithium plans to raise $400-million to build a lithium refinery in Germany and has attracted support from billionaires including Peter Thiel investing in Europe’s push to create a local electric-vehicle battery industry. The Canadian miner is in advanced talks with investors and sees... 

Galp Energia comes on board with Savannah’s Mina project in Portugal

By: Marleny Arnoldi     12th January 2021 London-listed Savannah Resources has signed a heads of agreement (HoA) with Portuguese diversified energy group Galp Energia on a proposed strategic investment and alliance regarding the lithium field around the Mina do Barroso lithium project, in Portugal. Galp intends to secure a 10%... 

Savannah Resources' drill rig at Mina do Barroso
Savannah Resources' drill rig at Mina do Barroso

Liontown launches DFS

By: Esmarie Iannucci     11th January 2021 A definitive feasibility study (DFS) on ASX-listed Liontown Resources’ Kathleen Valley lithium/tantalum project, in Western Australia, is slated for completion in the fourth quarter of this year. The DFS follows on from a prefeasibility study completed in the fourth quarter of last year, into... 

Piedmont takes a stake in Sayona

By: Esmarie Iannucci     11th January 2021 US major Piedmont Lithium will take a 19.9% stake in ASX-listed Sayona Mining, and a 25% interst in the company’s subsidiary Sayona Quebec Inc, for a total investment of $12-million. The two companies on Monday announced that Piedmont would acquire an initial 9.9% interest in Sayona for a... 

Piedmont takes a stake in Sayona

Trump moves to loosen mining regulations, approve projects as he exits

By: Reuters     8th January 2021 Outgoing US President Donald Trump's administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes. Administration officials tell Reuters they plan to publish a raft of... 

Donald Trump
Donald Trump

Blast at Chinese recycler shows battery supply chain risks

By: Bloomberg     8th January 2021 China’s biggest battery manufacturer has urged units to focus on safety issues after an explosion at a recycling affiliate, which has drawn attention to the risks in the industry’s supply chain. While the cause of the blast at a Hunan Brunp Recycling Technology Co. factory in Hunan province is... 

Frontier Lithium starts Falconbridge pilot plant operations

By: Donna Slater     8th January 2021 TSX-listed junior miner Frontier Lithium and XPS Expert Process Solutions – a Glencore company − have started mini-pilot plant operations at their research and development centre in Falconbridge, Ontario, and at other off-site locations. Frontier last year awarded XPS the contract to jointly... 

Spearmint mulls spinout of lithium assets

By: Marleny Arnoldi     8th January 2021 Canadian exploration company Spearmint Resources is considering the transfer of its lithium exploration projects to a new subsidiary, which would be spun out pro rata to the shareholders of Spearmint. The company has advised that a spinout of this sort, if it proceeds, would be subject to several... 

Lake Resources starts Kachi DFS

By: Esmarie Iannucci     8th January 2021 ASX-listed Lake Resources has launched a definitive feasibility study (DFS) for its Kachi lithium brine project, in Argentina. A 2020 prefeasibility study (PFS) estimated that the project could have an annual production of 25 500 t/y of battery grade lithium carbonate over a mine life of some 25... 

Argosy joins European alliances

By: Esmarie Iannucci     8th January 2021 ASX-listed Argosy Minerals has been accepted as a member of the European Raw Materials Alliance (ERMA) as a primary raw materials partner. Furthermore, the company has also been accepted as a member of the European Battery Alliance (EBA) 250 Network, which also includes the European Commission,... 

Tianqi shareholders back IGO deal

By: Esmarie Iannucci     8th January 2021 The shareholders of lithium producer Tianqi Lithium Corporation have approved a A$1.9-billion joint venture agreement with ASX-listed Independence Group (IGO). IGO on Friday told shareholders that some 99.97% of Tianqi’s shareholders present at its January 5 meeting had voted in favour of the... 

Marquee looking at options for Nevada lithium project

By: Esmarie Iannucci     8th January 2021 ASX-listed junior Marquee Resources has launched a review of its Clayton Valley lithium project, in Nevada, following renewed interest in both the lithium sector and in North American lithium projects. The Clayton Valley project covers some 12 km2 of claims holding both lithium rich brines and... 

Albemarle sets out to double lithium output at Nevada facility as EV demand grows

By: Marleny Arnoldi     7th January 2021 NYSE-listed Albemarle Corporation plans to double capacity at its lithium production facility in Silver Peak, Nevada, as well as begin a programme to evaluate clays and other resources for commercial production of lithium. As global demand for electric vehicles (EV) grows, North American... 

Lithium-ion batteries
Photo by Reuters
Lithium-ion batteries

Zimbabwe’s Kuvimba seeks $1bn for 2021 acquisitions, capex 

By: Bloomberg     7th January 2021 A mining company majority owned by the Zimbabwe government and whose profits will partly be used to compensate former white commercial farmers for land confiscated two decades ago intends to raise $1-billion for acquisitions and capital expenditure. Kuvimba Mining House, in which the government... 

AVZ gains lithium offtake partner

By: Esmarie Iannucci     7th January 2021 ASX-listed AVZ Minerals struck its first lithium offtake agreement with a subsidiary of China’s largest lithium compounds producer, Gangfeng Lithium, just before Christmas last year. The company inked an offtake agreement with GFL International for the sale of up to 160 000 t/y of spodumene... 

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