- Write by:
-
Thursday, November 28, 2019 - 12:13:57 PM
-
590 Visit
-
Print
Mining News Pro - Bids to acquire Chinese battery firm CATL’s mothballed lithium plant in the Canadian province of Quebec are due by January next year, a representative with the court-appointed monitor overseeing the auction said on Wednesday.
According to Mining News Pro - Lithium is expected to be in hot demand in the early years of the next decade, but oversupply of the battery metal this year has pummeled the industry, causing major producers to cut back and forcing some smaller miners out of the business.
North American Lithium (NAL), backed by top battery maker Contemporary Amperex Technology, halted operations last year at its Quebec mine and obtained creditor protection in May.
Bids to purchase the mine and related plant are due by Jan. 21, trustee Benoit Fontaine said in a phone interview.
Australia’s Sayona Mining Ltd has said it will bid on the operation, but Fontaine declined to name other potential suitors. Sayona was not immediately available for comment.
Mineral-rich Quebec has backed upstart miners in hopes of tapping into demand from the electric vehicle boom and ranks as NAL’s largest secured creditor. A government spokesman declined comment on the auction.
In 2018, NAL produced around 114,000 tonnes of spodumene against its nameplate capacity of 180,000 tonnes.
Short Link:
https://www.miningnews.ir/En/News/449922
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt ...
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., ...
Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its ...
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was ...
A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another ...
Trading of CME Group Inc.’s nearly three-year-old lithium hydroxide futures contract is soaring, with more funds ...
NextSource Materials has submitted an application to build a downstream battery anode facility (BAF) to process graphite ...
Chile’s mining production is starting to turn the corner after months of a sustained output slump, with the country’s ...
Undeterred by slumping profits, China’s lithium giants are planning to grab a bigger slice of the market.
No comments have been posted yet ...