Negotiations for 2025 lithium supply agreements are underway, as producers seek better terms after another challenging year for the critical battery material. Lithium prices are on track for a second consecutive yearly decline, though the steep price rout that saw a near-90% slump from peak levels appears to have stabilized. Lithium refineries are pushing back...
READ MORELithium Americas has announced the completion of its joint venture (JV) with General Motors Holdings to fund, develop, construct, and operate the Thacker Pass lithium project in Humboldt County, Nevada. The project aims to supply battery-quality lithium carbonate for the North American critical minerals supply chain. Under the terms of the JV, Lithium Americas retains...
READ MOREGreen Technology Metals has received a letter of interest from Export Development Canada (EDC) for potential project financing of up to C$100 million for the Seymour lithium project in Ontario. This marks a significant milestone for the development of what could become the first lithium mine in Ontario and the second in Canada. Seymour hosts...
READ MORESWA Lithium, a joint venture between Standard Lithium Ltd. and Equinor ASA, has announced the successful commissioning and operation of a pilot Direct Lithium Extraction (DLE) plant at the South West Arkansas Project. The facility, developed in partnership with Koch Technology Solutions (KTS), processes brine directly from the project site to validate engineering design parameters...
READ MOREA collaborative research effort between Western University in Canada, the University of Maryland in the United States, and other institutions has led to the development of a novel solid-state electrolyte (SSE) that could pave the way for the commercialization of all-solid-state lithium metal batteries (LMBs). The findings were recently published in Nature Nanotechnology. The newly...
READ MOREEuropean Metals Holdings Limited has unveiled a substantial increase in the planned production of lithium chemicals from its Cinovec Project, underscoring its potential as a key player in the European Union’s push for lithium self-sufficiency by 2030. The revised plans show a 42% increase in the annual production of battery-grade lithium hydroxide monohydrate, now targeting...
READ MOREAqua Metals announced advancements at its pilot facility near Reno, focusing on the performance and scalability of its proprietary Li AquaRefining process. The company also confirmed the closure of a $1.5 million bridge loan to support operations while pursuing long-term financing and strategic initiatives. In December, the facility completed its first extended operational campaign, highlighting...
READ MOREUS-based mining company Arcadium Lithium is grappling with legal disputes as shareholders have filed lawsuits alleging misrepresentation and negligence concerning Rio Tinto’s proposed $6.7 billion acquisition. These lawsuits, lodged in four separate US courts, aim to delay the transaction, but Arcadium is responding with supplemental disclosures to maintain the deal’s timeline. The lawsuits, filed in...
READ MORENamibia’s Ministry of Mines and Energy is investigating Xinfeng Investments (Pty) Ltd. for alleged unauthorized mining activities in the lithium-rich Erongo region. The ministry accuses the company, which holds an exclusive prospecting license through a joint venture with Orange River Exploration and Mining CC, of exceeding its permit scope by conducting unapproved lithium extraction. An...
READ MOREFrench industrial firm Arverne Group has announced that its subsidiary, Lithium de France, has entered into a framework agreement with Tenaris, a global manufacturer of tubular goods for the energy industry. The agreement includes the supply of casing and tubing for Lithium de France’s geothermal heat and lithium project in Alsace. As part of the...
READ MOREOn December 18, Volkswagen Group’s battery subsidiary PowerCo announced its first investment in the lithium supply chain through a strategic partnership with Canadian lithium developer Patriot Battery Metals. The collaboration secures a long-term supply of lithium raw materials essential for Volkswagen’s electric vehicle ambitions. As part of the agreement, Volkswagen Group has invested $48 million...
READ MOREBattery materials company Novonix has received a conditional commitment from the US Department of Energy (DOE) for a direct loan of up to $754.8 million. The loan, if finalized, will partially fund the construction of a synthetic graphite manufacturing facility in Chattanooga, Tennessee, under the DOE’s Advanced Technology Vehicles Manufacturing Loan Program. The facility will...
READ MOREGanfeng Lithium Group has commenced production at the first phase of its Goulamina spodumene project in southern Mali. The project, one of Africa’s largest lithium mines, has an annual production capacity of 506,000 tons of lithium concentrate. Situated on a 100-square-kilometer site, the Goulamina project boasts a total explored ore resource of 211 million tons,...
READ MOREOccidental Petroleum and BHE Renewables have announced a joint venture (JV) to utilize TerraLithium’s Direct Lithium Extraction (DLE) technology for environmentally sustainable lithium production. This collaboration will focus on extracting high-purity lithium compounds from geothermal brine, leveraging the expertise of both companies. The project will take place at BHE Renewables’ geothermal facility in California’s Imperial...
READ MOREAmerican Salars Lithium has announced the acquisition of the Xenia West and East lithium projects through a mineral claim purchase agreement. The projects, covering 92 mining claims across approximately 5,382 hectares, are located 30 kilometers southeast of Val-d’Or, Quebec, and accessible via Highway 117. The Xenia projects are adjacent to established lithium operations by Sayona...
READ MORETesla has officially commenced operations at its new lithium refining facility in Robstown, Texas, marking a major milestone over a year after breaking ground on the project. On Saturday, Tesla’s North America account announced via X that the team had successfully fed raw materials through the kiln for the first time at the site, which...
READ MORELithium prices have declined sharply over the past two years due to slowing demand and oversupply, but the long-term outlook for the sector remains positive as forecasts predict a significant supply shortfall by 2030. The anticipated deficit is driving substantial investments aimed at scaling production capacity. On December 12, 2024, Rio Tinto announced a $2.5...
READ MOREUnited Lithium Corp.’s Bergby Lithium Project in Sweden has been granted a national interest designation by the Geological Survey of Sweden (SGU), marking it as a mineral project of strategic importance. The designation aims to safeguard the Bergby area against developments that could hinder future lithium extraction, supporting long-term resource management and planning. The national...
READ MORELithium chemicals manufacturer Lepidico Limited has become the latest casualty of the global oversupply of lithium, with KordaMentha appointed as administrators. The company’s board of directors named Richard Tucker and Paul Pracilio of KordaMentha as Voluntary Administrators for Lepidico Limited and its subsidiaries, including Lepidico Holdings, Bright Minz, Li-Technology, Mica Exploration Areas, and Silica Technology....
READ MOREVolt Lithium has announced a partnership with Wellspring Hydro (WSH) to deploy and test its proprietary direct lithium extraction (DLE) technology in the Bakken formation of North Dakota. This collaboration marks a significant step in advancing the feasibility of extracting lithium from oilfield brine, a promising resource for renewable energy materials. The field study will...
READ MOREVulcan Energy has successfully raised €100 million (A$164 million) through a fully underwritten institutional placement and strategic placement. The capital was secured via the issuance of approximately 28 million new shares at an offer price of A$5.85 (€3.57) per share. The placement attracted strong interest from both existing and new institutional investors, reflecting growing support...
READ MOREBritish mining company Savannah Resources has concluded the administrative easement process for its Minha do Barroso lithium project in Boticas, Portugal. This step grants the company immediate access to land within the C-100 Mining Concession, marking a key milestone for the project’s progression. Savannah had previously reached agreements to purchase over 100 plots of land...
READ MORERio Tinto has announced plans to expand the capacity of its Rincon lithium project in Argentina to 60,000 tonnes per year, aiming to leverage the favorable long-term outlook for lithium driven by the global energy transition. The London-based mining giant has approved a $2.5 billion investment in its first commercial-scale lithium operation, positioning lithium as...
READ MOREBank of America (BofA) has revised its copper and lithium price forecasts for 2025, pointing to economic uncertainties and trade tensions that could weigh on procyclical commodities. The bank has lowered its 2025 copper price projection by 12%, from $4.88 per pound to $4.28, and its 2026 forecast by 20%, from $5.44 to $4.88. These...
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