Lithium

  • Sigma Lithium Boosts Production and Lowers Costs in Q3

    BY John Davis
    Sigma Lithium, a major lithium producer, reported strong operational progress for the third quarter, achieving its production target and maintaining some of the lowest cash unit operating costs in the lithium industry. During Q3, Sigma produced 60,237 tons of its Quintuple Zero Lithium Concentrate, a 22% increase from the previous quarter and slightly above its...
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  • African Lithium Production Set to Surge Amid Price Fluctuations

    BY Lara Browne
    After a year of declining lithium prices due to a surplus market, some analysts are optimistic that the market will recover by 2030. For African nations, keeping development on schedule will be critical as they look to capitalize on the anticipated resurgence. Countries such as Zimbabwe, Nigeria, and others are positioning themselves to increase lithium...
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  • Albemarle CEO Warns Pivoting Away from China for Lithium Supply Chains May Be Unfeasible

    BY Lara Browne
    Kent Masters, CEO of Albemarle, the world’s largest lithium producer, has expressed concerns about shifting critical mineral supply chains away from China in North America and Europe, calling it economically impractical under current market conditions. “We were trying to pivot to the West… the prices we see in the market don’t really allow us to...
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  • Environmental Protests Threaten Serbia’s Lithium Mining Project

    BY John Davis
    Plans for the extraction of a key raw material used in electric vehicle production are under threat in Serbia as environmental protests grow. The Jadar Valley project, aimed at extracting 58,000 tons of lithium annually, has faced increasing opposition from local communities who fear environmental damage. Mining giant Rio Tinto is facing delays that could...
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  • Critical Metals Updates Progress on Wolfsberg Lithium Project

    BY Sophia Schmitz
    On Thursday, Critical Metals provided an update on the Wolfsberg Lithium Project, located in Austria. Tony Sage, CEO and Executive Chairman of Critical Metals Corp, highlighted significant progress not only with the Wolfsberg Project but also with the company’s rare earth asset in Greenland. Sage emphasized the ongoing development plans for the Wolfsberg Project and...
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  • China’s Monthly Nickel, Cobalt, and Lithium Production Update

    BY Lars Jensen
    In October, China produced 178,800 tonnes of nickel sulfate, equivalent to 39,300 tonnes of nickel content, reflecting a 2.71% month-on-month (MoM) decline, according to a survey by Mysteel. The production was derived from various sources, including mixed hydroxide precipitate (MHP), high-grade nickel matte, and secondary nickel. The nickel sulfate production is expected to decline further...
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  • Piedmont Lithium Continues Strong Production Gains Amid Regulatory Progress

    BY John Davis
    Piedmont Lithium, a major North American lithium supplier, reported continued production growth in the third quarter of 2024, with measures in place to support its presence in the global lithium market. The company, based in Belmont, North Carolina, is advancing its key projects despite challenges in the lithium sector. In the third quarter, Piedmont, alongside...
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  • LiqTech Secures Order for Lithium Brine Filtration System in the US

    BY Sophia Schmitz
    LiqTech International, a high-tech filtration technology company, announced today that it has received an order from a leading technology company for lithium brine production in the United States. This order marks a significant step in the company’s efforts to expand its specialized filtration products into the lithium extraction market. The growth of electric vehicles (EVs)...
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  • Mineral Resources to Shut Bald Hill Lithium Mine Amid Price Decline

    BY Lars Jensen
    Mineral Resources has announced the immediate closure of its Bald Hill lithium mine in Western Australia due to a prolonged and significant decline in lithium prices. The decision comes as the latest in a series of production cutbacks among global lithium producers, driven by an oversupply and reduced demand for the critical battery material. The...
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  • Li-Cycle Secures US$475 Million Loan from U.S. Department of Energy for Rochester Hub Project

    BY Lara Browne
    Lithium-ion battery (LIB) recycler Li-Cycle Holdings Corp., based in Toronto, has entered into an agreement for a loan of up to US$475 million from the U.S. Department of Energy (DOE). The loan consists of up to $445 million in principal and up to $30 million in capitalized interest and is being provided through the DOE’s...
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  • British Scientists Extract Battery-Grade Lithium from Wastewater in European First

    BY Lars Jensen
    British scientists have announced that they have successfully extracted a metal vital for car battery production—lithium—from wastewater, which they claim marks a significant achievement for the UK in sourcing critical minerals locally. Researchers at UK-based Watercycle Technologies say they have produced more than 100 kg of battery-grade lithium carbonate from brine and wastewater, making it...
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  • China’s LFP Production Increases Amid Steady Automotive and Energy Storage Demand

    BY Lara Browne
    In October, China’s production of lithium iron phosphate (LFP) rose by 7.8% month-on-month (MoM), reaching a total of 251,700 tonnes. This growth was supported by stable demand from the automotive market and expanding energy storage needs both domestically and internationally. LFP batteries are increasingly used in electric vehicles (EVs) and large-scale energy storage solutions, driving...
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  • Vulcan Energy Begins Lithium Production in Germany Amid Financing Delays

    BY Lara Browne
    Vulcan Energy, an Australian start-up, has taken a major step towards lithium production for electric vehicle batteries in Germany. The company commissioned a demonstration plant on November 8 at the Frankfurt-Höchst industrial park, marking a significant milestone in its efforts to produce lithium hydroxide locally for European industry. The lithium hydroxide, a key component required...
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  • Vulcan Energy Begins Lithium Hydroxide Production at German Plant

    BY Sophia Schmitz
    Vulcan Energy has commenced production of lithium hydroxide at its Central Lithium Electrolysis Optimisation Plant in Frankfurt, Germany. The first lithium hydroxide has been successfully produced from high-purity lithium chloride, which is extracted from brines at Vulcan’s direct lithium extraction optimisation plant. This milestone marks the first sustainable production of lithium hydroxide fully domestically produced...
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  • French Government Announces Major Investment in Lithium Refinery at Le Havre Port

    BY Sophia Schmitz
    On Thursday, November 7, the French government is set to announce the development of a significant industrial project at the port of Le Havre (Seine-Maritime) as part of the “France 2030 turnkey sites” initiative. This project, dedicated to lithium production, is expected to attract private investments totaling 1.2 billion euros. The initiative will involve the...
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  • Albemarle to Cut Global Workforce Amid Lithium Price Slump

    BY Lara Browne
    Albemarle announced plans to reduce its global workforce by 6% to 7% as part of a cost-cutting effort in response to a slump in lithium prices and weakening demand. The world’s largest lithium producer revealed that around 15% of its non-manufacturing employees would be affected, according to an earnings report released on Wednesday. In addition...
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  • US Geological Survey Identifies Significant Lithium Reserves in Arkansas, Driving Clean Energy Transition

    BY Lars Jensen
    Two major lithium-related developments have emerged in recent weeks. First, a study led by the U.S. Geological Survey (USGS) estimated that between 5 and 19 million tons of lithium reserves lie beneath southwestern Arkansas, near the Texas border. Additionally, it was announced that Startup Junkie Consulting will support small businesses in leveraging lithium for clean...
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  • Battery Cell Production Beats Expectations, Driven by Energy Storage Demand

    BY Lars Jensen
    According to a survey conducted by Mysteel, battery cell production schedules for November and December have surpassed market expectations, particularly among top-tier manufacturers. This increase is largely driven by strong momentum in the energy storage sector, along with higher-than-anticipated power battery demand in Europe and a stable electric vehicle market in China. Unlike the situation...
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  • Extremadura Lithium Project Set to Boost Regional Economy and Jobs

    BY Lara Browne
    A report from experts at the University of Extremadura estimates that the Extremadura New Energies lithium extraction and processing project will contribute an additional 113.9 million euros annually to the regional economy. The project is expected to create over 1,500 jobs, encompassing direct, indirect, and induced employment opportunities in Cáceres and its surrounding province throughout...
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  • Lithium Market Faces Price Decline Amid Weaker Demand and Oversupply

    BY Lars Jensen
    The lithium market has entered a period of declining prices due to weaker demand conditions and an oversupply of lithium carbonate in key regions. In October, seaborne lithium carbonate prices in Asia dropped by 3.8%, settling at around $10,000 per metric ton, according to S&P Global Commodity Insights. This drop is attributed to the seasonal...
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  • Fraunhofer ISE Launches ‘ThermIon’ Project for Lithium Extraction from Geothermal Brine

    BY Lars Jensen
    The Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE), along with partners from science and industry, has launched the “ThermIon” project to develop direct lithium extraction (DLE) technology. The initiative will use the “lithium ion pump” process to extract lithium from geothermal brine in Germany’s Upper Rhine Graben region. The ThermIon project addresses the entire...
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  • U.S. DOE Approves $2.26 Billion Loan for Lithium Processing at Thacker Pass

    BY Lara Browne
    The U.S. Department of Energy (DOE) has finalized a $2.26 billion loan to support a lithium processing facility at Thacker Pass, Nevada. The loan, provided to Lithium Americas’ subsidiary, Lithium Nevada, is part of the Biden-Harris Administration’s Investing in America initiative. The facility, next to the largest confirmed lithium resource in North America, will produce...
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  • American Salars Expands Lithium Portfolio with Québec Project Acquisition

    BY Lars Jensen
    Vancouver-based American Salars Lithium has signed an agreement to acquire the Lac Simard South Project in Québec, marking its first re-entry into the region. The Lac Simard South Project includes 64 claim blocks covering 3,672.75 hectares, neighboring Sayona Mining and Refined Metals’ Lac Simard property, which has reported samples of 4.52% lithium oxide and 5.88%...
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  • UK Export Finance Supports Overseas Projects to Secure Critical Minerals for UK Industries

    BY Lars Jensen
    UK Export Finance (UKEF) will now provide financial support for overseas projects that supply critical minerals essential to major UK industries, as announced by the Chancellor. This move aims to help British industries access a stable and long-term supply of these crucial resources, including minerals like lithium, graphite, and cobalt, which are vital to sectors...
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