Sigma Lithium says Brazil project is worth $5.1 billion

Mining News Pro - Canadian minerals explorer Sigma Lithium Corp. has valued its undeveloped project in Brazil at $5.1 billion, with the mining operations having the potential to deliver battery-grade lithium for 13 years once it’s built.

The trouble with lithium

Mining News Pro - Elon Musk wants to mine it, China is scouring Tibet for it, battery makers are crying out for it. Lithium, the wonder metal at the heart of the global shift to electric cars, is in a full-blown crisis. Demand has outstripped supply, pushing prices up almost 500% in a year and hindering the world’s most successful effort yet to halt global warming.

Sayona Mining delivers positive PFS for Quebec lithium project

Mining News Pro - Australian lithium producer Sayona Mining has published a positive pre‐feasibility study (PFS) for its flagship North American Lithium (NAL) project in Québec, confirming the NAL operation’s technical and financial viability over a 27-year mine life.

Hunt for lithium sparks frantic rush into Argentine mountains

Mining News Pro - At a lavish lunch this month in Buenos Aires, 400 mining executives and government officials gathered to toast Argentina’s natural resource riches amid the kind of corporate giddiness not seen since the country’s first attempt to develop its shale oil resources a decade ago.

Chile aims to outline state lithium firm model this year, minister says

Mining News Pro - Chile’s government, which has pledged to establish a state lithium firm to develop the ultralight battery metal, hopes to establish a model for the company by the end of the year, mining minister Marcela Hernando told local paper La Tercera on Sunday.

Legendary lithium riches from Bolivia’s salt flats may still just be a mirage

Mining News Pro - On Bolivia’s Salar de Uyuni, a vast white salt flat that feels almost otherworldly, Karina Quispe is watching from the sidelines a global resource race for the world’s largest – and almost untapped – trove of battery metal lithium.

Mine auction draws 3,448 bids amid scramble for lithium

Mining News Pro - An auction for a controlling stake in a Chinese lithium mine has garnered 3,448 bids, underscoring the scramble to secure the battery metal that’s key to the clean-energy transition.

Chinese, Australian investors battle for largest lithium deposit

Mining News Pro - Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from Chinese investors, according to Boatman Capital.

In Chile’s Atacama, lithium mining stirs fight over flamingos

Mining News Pro - On the white plains of Chile’s lithium-rich Atacama desert, bright pink flamingos enliven the sprawling salt flats where sporadic blue pools provide much needed hydration.

SQM profit soars on high lithium prices

Mining News Pro - Chilean miner SQM, a major producer of lithium, on Wednesday reported a near twelve-fold rise in quarterly profit as it benefited from higher prices of the metal used in electric-vehicle batteries.

Tianqi produces Australia’s first battery grade lithium hydroxide

Mining News Pro - Tianqi Lithium Energy Australia (TLEA) announced Wednesday the first production of battery-grade lithium from its plant in Kwinana, Western Australia, marking the first-time battery-grade lithium, or lithium hydroxide monohydrate (LHM), has been produced in Australia in commercial quantities.

Battery boom pulls trading giant Trafigura into lithium business

Mining News Pro - Trafigura Group said its plan to invest in a new UK lithium refinery will mark the start of the trading giant’s foray into buying and selling the crucial battery metal.

Lithium sector needs $42 billion as pivot from China adds costs

Mining News Pro - The global lithium industry needs as much as $42 billion of investment by the end of the decade in order to meet demand for the crucial battery-making material, with attempts to build supply chains outside of China subject to much higher costs, according to a data and market-intelligence provider.

Chinese miners and battery makers team up in rush for lithium

Mining News Pro - Chinese miners and battery makers are forging closer ties as the accelerating shift to electric vehicles highlights the shortage of a metal that’s key to the clean-energy revolution.

Argentina expects $4.2bn investment in its lithium sector

Mining News Pro - Argentina expects to receive a $4.2 billion combined investment in its growing lithium market over the next five years, which would help the country double production in 2023 to reach 175,000 tonnes of the battery metal in 2025.

BHP vows to stay out of lithium rush with shortages set to fade

Mining News Pro - Among elevated metal prices, lithium stands out, as booming electric-vehicle sales send the battery component skyrocketing. Conspicuously, the world’s biggest mining company has no plans to join the rush.

Organic lithium-ion batteries one step closer to becoming reality

Mining News Pro - A recent discovery by researchers at Japan’s Tohoku University and the University of California, Los Angeles has moved the needle one step closer to realizing metal-free, high-energy, and inexpensive batteries by using a small organic molecule, croconic acid.

Mexico seeks lithium association with Argentina, Bolivia and Chile

Mining News Pro - Mexico is working with governments of Argentina, Bolivia and Chile to create a lithium association so the countries can share their expertise to exploit the battery mineral, Mexican President Andres Manuel Lopez Obrador said on Tuesday.

Organic lithium-ion batteries one step closer to becoming reality

Mining News Pro - A recent discovery by researchers at Japan’s Tohoku University and the University of California, Los Angeles has moved the needle one step closer to realizing metal-free, high-energy, and inexpensive batteries by using a small organic molecule, croconic acid.

Strong lithium price highlights Pilbara Minerals quarter

Mining News Pro - Surging global demand for lithium raw materials has led to a positive outcome during the March Quarter of 2022 for Pilbara Minerals.

Top bid for lithium up 140% after Musk’s ‘insane levels’ call

Mining News Pro - The highest bid for lithium at an online sale surged by 140% in just six months, an indication the stampede for supplies of the main ingredient used in electric vehicle batteries could get even more intense.

Business group blasts Mexico’s new lithium law as violating trade deal

Mining News Pro - A Mexican law that nationalizes its future lithium industry violates its trade obligations and could prove costly to the government if mining companies seek to recoup losses, the local branch of the International Chamber of Commerce said on Wednesday.

Rosatom, Nornickel to develop lithium project in Russia

Mining News Pro - Russia’s state-owned nuclear power supplier Rosatom and Nornickel, the world’s largest producer of refined nickel, are fine-tuning details of a plan to develop the Kolmozerskoye lithium deposit in the country’s northwest, Sputnik radio reported.

Lithium Energy, Hanaq Group join forces to explore lithium deposits in Argentina

Mining News Pro - Australia’s Lithium Energy Limited and Hanaq Group, a company with Chinese and Argentinian capital, have joined forces to find new lithium deposits in the Olaroz-Cauchari endorheic basin, located in Argentina’s northwestern Jujuy province.

Head of Mexico City government compares lithium nationalization to that of oil 84 years ago

Mining News Pro - Following the nationalization of the lithium industry approved by the country’s Senate on April 21, Claudia Sheinbaum, head of the government of Mexico City, said during a public speech over the weekend that the decision is comparable to the nationalization of the oil industry approved during the presidency of Lázaro Cárdenas, 84 years ago.

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