Lithium

Mining News Pro - The Chilean Environmental Service notified Minera Salar Blanco, the operating company for the Maricunga joint venture, that it has extended the Environmental Impact Assessment evaluation process for 60 days.

Mining News Pro - Uranium One Group (U1G), a subsidiary of Russia’s state nuclear company Rosatom, has signed a deal with Canada’s Wealth Minerals (CVE: WML) to buy up to a 51% interest in the company’s Atacama lithium project, located in Chile’s northern Antofagasta region.

Mining News Pro - The application was completed last year, and the certificate outlines the tax regime and additional benefits bestowed upon Pastos Grandes for the next 30 years.

Mining News Pro - VSPC, a wholly-owned subsidiary of Lithium Australia, announced that it successfully built and tested lithium-ferro-phosphate batteries using high-quality cathode material composed of lithium phosphate from spent lithium-ion batteries.

Mining News Pro - Cornish Lithium, a start-up hoping to lead the development of an industry for the battery metal in the UK, has raised £1.4 million (about $1.7m) through a crowdfunding campaign launched in July, which will allow it to expand its ongoing drilling work in the ancient mining region of Cornwall, south-west England.

Mining News Pro - Strong demand from the electric-vehicle sector alongside supply cuts should help Australian lithium miners recover towards the middle of next year, earlier than expected, industry executives said on Wednesday.

Mining News Pro - Chile is making a renewed push for battery technology investment in return for access to its lithium deposits, piquing interest from China, Japan and Europe as global firms look to tie up supply of the metal vital for the shift to electric vehicles.

Mining News Pro - Australia’s Sayona Mining on Tuesday announced its intention to participate in the bidding process for North American Lithium’s (NAL) operations in Québec, which include a lithium mine and concentrator located in Abitibi near the mining district of Val d’Or.

Mining News Pro - Brazil-based lithium startup Sigma Lithium Resources Corp has held talks with Tesla Inc and other automakers about supplying the key battery ingredient in the coming years, the company’s chief executive said on Thursday.

Mining News Pro - China’s largest lithium battery maker has bought an 8.5% stake in Australian miner Pilbara Minerals (ASX:PLS), both companies said on Thursday, after falling prices caused mainly by oversupply drove the lithium producer to raise equity to fund working capital.

Mining News Pro - Chilean legislators have rejected a bill allowing the expropriation of private companies involved in lithium mining in the country, which would have left the door open for the state to take over firms such as Albemarle and SQM, the world’s No. 1 and second largest producers of the battery metal.

Mining News Pro - Having raced to ramp up lithium production over the past five years to exploit surging prices, Australian producers are now scrambling to cut supplies as prices plummet on falling demand in the world’s top electric vehicle market.

Mining News Pro - The ancient scooter gurgling through a languid summer afternoon brought groceries and a fistful of cash to Sasa Antic’s house.

Mining News Pro - Lithium miner Galaxy Resources (ASX:GXY) posted on Thursday a net loss for the first half of the year of almost $172 million, mostly due to a non-cash impairment charge at its flagship Mt Cattlin mine in Western Australia, joining a long list of battery metals producers hit by slumping prices.

Mining News Pro - Lithium metal batteries fail when bits of lithium metal deposits break off from the surface of the anode during discharging and are trapped as “dead” or inactive lithium that the battery can no longer access. This trapped lithium is largely responsible for lowering the Coulombic efficiency of the device.

Mining News Pro - Chile’s Chemical and Mining Society (SQM), the world’s second largest lithium producer, has been hit by sustained weak prices for the metal used in batteries that power electric vehicles (EVs) and high tech electronics, with profits falling by 47.5% to $70.2 million in the second quarter, from $133.9 million a year earlier.

Mining News Pro - Alita Resources Ltd said on Tuesday that its shipment of lithium concentrate to a China-based chemicals maker was below a previously set floor price amid higher lithium supply.

Mining News Pro - Albemarle Corp (NYSE: ALB), the world’s No. 1 lithium producer, is delaying plans to add about 125,000 tonnes of processing capacity as an oversupply of the white metal used to make the batteries that power electric vehicles (EVs) and high tech devices continues to drive down prices.

Mining News Pro - Representatives from Tibet Summit Resources announced that they want to invest $180 million in a lithium carbonate plant to be located in Argentina’s Salta province.

Mining News Pro - Albemarle Corp, the world’s largest lithium producer, has revised a deal to buy into Australia’s Mineral Resources Ltd’s Wodgina mine to cut spending on the deal and better cope with a slump in the lithium market.

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