Lithium

Mining News Pro - The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI).

Mining News Pro - Pilbara Minerals said on Tuesday it has agreed to buy the lithium assets of troubled peer Altura Mining Ltd for $175 million, in further sector consolidation that suggests a two-year bear market may be turning around.

Mining News Pro - Galaxy Resources, Pilbara Minerals and Altura Mining are set to receive a royalty rebate from the Western Australian Government.

Mining News Pro - Savannah Resources said on Thursday that, as part of the next stage in the environmental impact assessment (EIA) process for its Mina do Barroso lithium project in Portugal, it had submitted further and revised information to the country’s regulatory authority.

Mining News Pro - Australian lithium miner Galaxy Resources said on Wednesday it planned to raise A$161 million (about $118m) to fund the development of its projects in Argentina and Canada.

Mining News Pro - IronRidge Resources has reported additional “very positive” metallurgical test results from the Ewoyaa project within its Cape Coast lithium portfolio in Ghana, West Africa.

Mining News Pro - Mineral Resources (MinRes) has stepped back from proceeding with its synthetic graphic project with Hazer Group as it hones in on its focus on the iron ore, lithium and mining services portfolios.

Mining News Pro - SQM, the biggest lithium producer after Albemarle, is moving ahead with plans to more than double capacity in a bet that accelerating electric-vehicle demand will tighten an oversupplied market for the battery metal.

Mining News Pro - The world’s top lithium producer Albemarle has joined forces with 27 companies, including electric vehicles maker Tesla and ride share company Uber, forming a group that will push for 100% EV sales in the US by 2030.

Mining News Pro - Albemarle Corp, the world’s largest lithium producer, has accused its top rival, Chilean miner SQM, and local regulators of seeking to keep secret a coveted report about the environmental impact of lithium mining in Chile’s Salar de Atacama, according to a filing made by its lawyers.

Mining News Pro - Mexico is moving ahead with plans to nationalize its emerging lithium industry after a member of the ruling Morena party introduced a draft bill in parliament last week, which calls for the battery metal to be deemed the exclusive property of the nation, with production controlled by the state.

Mining News Pro - The clock is ticking for Tianqi Lithium Corp. to haul itself out from under a massive debt burden that sees it needing to come up with $1.88 billion by the end of this month.

Mining News Pro - E3 Metals announced on Monday the results of a preliminary economic assessment (PEA) on its Clearwater lithium project, outlining an estimated production of 20,000 tonnes of battery-quality lithium hydroxide per year over a 20-year period.

Mining News Pro - Left-wing political party Québec Solidaire issued a communiqué calling for the partial nationalization of lithium and graphite mines in the Canadian province.

Mining News Pro - Shares in lithium explorer and developer Bacanora Minerals jumped as much as 13% to 37p on Friday morning after it announced its Chinese partner had more than doubled its stake in the company’s Sonora project in Mexico.

Mining News Pro - Tianqi Lithium Corp said on Friday its financial situation has not improved in recent weeks as a major repayment deadline on a $3.5 billion loan looms and its application to adjust the terms is still under review.

Mining News Pro - Chilean regulators have accused Albemarle, the world’s largest lithium producer, of underpaying royalties by $11 million and vowed to take the US-based miner to international arbitration over what they called a breach of its contract with the government.

Mining News Pro - Lithium developer Piedmont on Wednesday announced plans to partner with Ontario-based SGS Canada to complete a pilot-scale spodumene concentrator test work programme using bulk samples collected from its namesake project in North Carolina.

Mining News Pro - Galaxy Resources has locked in a three-year offtake agreement with Sichuan Chengtun Lithium for its spodumene concentrate from the Mt Cattlin project in Western Australia.

Mining News Pro - American lithium producer Albemarle is expecting to commission the expansion of the Kemerton lithium plant in Western Australia next year, with sales production starting in 2022.

In Picture