The lithium market is poised for a transformative year in 2024, facing evolving challenges and opportunities, as highlighted in Wood Mackenzie’s recent report. The industry, while navigating a slowdown in demand growth, continues to play a pivotal role in battery production amid shifting market dynamics. A notable deceleration in the growth rate of lithium demand...
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Two technologies for lithium extraction and production, developed by Dr. Jun Woong, have recently achieved international patent recognition. Lithium-for-earth and Hydro Lithium announced the patents for Lithium Extraction from Saline and Other Sources (CULX), and Environmentally Friendly Lithium Hydroxide Production Using Water (CULH), marking a significant advancement in the field of lithium processing. The saline...
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Bitterfeld-Wolfen, a town in Germany once known for ecological issues, is now at the forefront of the country’s green transition. It is set to host Germany’s first large-scale lithium refinery, a vital component of Europe’s strategy to localize the extraction and refinement of essential raw materials for electric vehicle batteries. The AMG Lithium plant in...
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Volt Lithium has successfully produced 99.5% pure battery-grade lithium carbonate at its Demonstration Plant in Calgary, Alberta. Utilizing their proprietary direct lithium extraction technology, the company processed oilfield brine from Rainbow Lake, Alberta, to achieve this result. This advancement demonstrates Volt Lithium’s ability to transform oilfield brine into a commercially viable grade of lithium carbonate,...
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Australian battery metal producer IGO Ltd has announced significant strategic shifts, including putting its Cosmos nickel project in Western Australia into care and maintenance. This decision comes amid falling nickel prices largely influenced by Indonesia’s dominant position in the market. IGO, which faced a near A$1 billion writedown in the value of Cosmos and its...
READ MOREImerys, a prominent minerals group, has made a significant announcement regarding its ambitious lithium project in Echassières, Allier – one of Europe’s largest lithium mine endeavors. The company confirmed on Monday, 29 January, that its state-of-the-art lithium conversion plant is set to be located near Montluçon, about forty kilometers from the lithium deposit. This strategic...
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In a significant move for Rwanda’s economic development, the country has inked a groundbreaking agreement with mining giant Rio Tinto. The pact focuses on the exploration and exploitation of lithium, a pivotal component in the battery industry for electric vehicles and electronic devices. This collaboration underscores both parties’ commitment to unlocking Rwanda’s mining potential and...
READ MOREThe Rwandan government and Rio Tinto Minerals Development, a UK-based mining company, have signed a Memorandum of Understanding for lithium exploration in Rwanda’s Western Province. This collaboration aims to explore untapped natural resources in the country’s mining sector. Yamina Karitanyi, CEO of Rwanda Mines, Petroleum, and Gas Board, emphasized that Rio Tinto’s involvement signifies Rwanda’s...
READ MOREImerys, the global leader in specialty minerals for industry, continues to develop its lithium production project for batteries, reaching a significant milestone with the confirmation of the future locations for the EMILI project’s conversion plant and loading station. Guillaume Delacroix, Vice-President Performance Minerals EMEA – APAC, expressed the significance of Imerys’ commitment to structuring an...
READ MOREFull Circle Lithium, a USA-based lithium products manufacturer and recycler, achieves a milestone as it concludes the modular demonstration phase of its lithium extraction and processing plant for a global specialty chemical company. FCL has successfully completed the demonstration phase with its initial client, a global specialty chemical company, showcasing the effectiveness of its proprietary...
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In response to the mounting challenges faced by nickel and lithium producers in Australia, the federal and Western Australia (WA) state governments are contemplating the introduction of financial incentives, including production tax credits and royalty reliefs. This initiative aims to alleviate the pressures on these key sectors of the battery metals market, which have seen...
READ MOREIn a significant move within the lithium sector, Chilean state-owned copper giant Codelco is set to acquire Lithium Power International’s (LPI) operations in the Atacama Region’s Salar de Maricunga. This deal, valued at US$244 million, was greenlit by LPI’s shareholders, marking a pivotal shift in the landscape of lithium resources in Chile. The acquisition positions...
READ MOREBolivia’s pioneering Lithium Carbonate Industrial Plant, inaugurated in December, has been reported to operate at optimal levels, according to Yacimientos de Litio Bolivianos (YLB). Karla Calderón, the president of the state-owned enterprise, announced the successful certification of over 700 pieces of equipment within the plant’s production circuit, marking a significant milestone in the project’s definitive...
READ MOREThailand is poised to enter the lithium market with plans to commence production within two years, aiming to bolster its burgeoning electric vehicle (EV) sector. This strategic move involves the development of a lithium mine in the southwest region, marking a significant step for the nation in becoming a regional EV production hub. The focus...
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Pilbara Minerals, a key player in the lithium market, has experienced a significant price drop in its spodumene product from the Pilgangoora project. Despite this challenge, the company maintains a positive outlook for the future of the commodity. In the December quarter, Pilbara witnessed a 50% decrease in the average realised price of spodumene, plummeting...
READ MOREAnson Resources has been granted a Conditional Use Permit (CUP) by the Green River City Planning & Zoning Commission for exploration drilling and operation of its Sample Demonstration Plant at the Green River Lithium Project in Utah. This permit marks a significant step forward in the company’s exploration and development plans in the region. Key...
READ MOREGalan Lithium has announced the commencement of the initial filling of Pond 1 at its Hombre Muerto West (HMW) Phase 1 lithium brine project. This marks a step in the project’s progress towards lithium chloride production, expected in the first half of 2025. Project Developments and Expectations – The initial filling of Pond 1 has...
READ MOREAustralian lithium producers are facing a potential setback this reporting season, mirroring trends in the nickel industry, as analysts point to slower-than-expected electric vehicle (EV) sales causing a drop in raw materials prices. However, the impact on the lithium sector is expected to be less severe than in nickel, with a quicker market recovery anticipated...
READ MOREThailand’s recent discovery of approximately 15 million tons of lithium deposits marks a significant development in the country’s ambition to become a key player in the electric vehicle (EV) sector in Asia. This announcement, made by the government, highlights the potential of Thailand to emerge as a notable lithium producer. Key Details of the Discovery...
READ MORE5E Advanced Materials, known for its focus on boron and lithium, has announced the selection of Fluor Corporation as its engineering, procurement, and construction (EPC) services provider. This partnership is set to advance the engineering process work on the commercial Phase 1 of the 5E Boron Americas Complex. Engineering Progression Executive Insights The collaboration between...
READ MOREHyundai Motor, a major player in the electric vehicle (EV) sector, has further secured its foothold in the EV battery market by signing a lithium supply deal with Ganfeng Lithium Co., a leading Chinese supplier. This agreement, effective until December 31, 2027, guarantees Hyundai a steady supply of battery-grade lithium hydroxide for the next four...
READ MOREChina has announced a significant discovery of a lithium reserve in Yajiang county, Sichuan province. This discovery of approximately 1 million tonnes of lithium, a critical component in lithium batteries for electric vehicles (EVs), marks a notable development in the country’s pursuit of energy and resource security. The Ministry of Natural Resources revealed the substantial...
READ MOREAlbemarle, a major player in the lithium industry, has announced significant cutbacks in its operations and capital expenditure at the Kemerton lithium processing plant in Western Australia due to the recent downturn in lithium prices. Key Details: – Cost-Cutting Measures: Albemarle has reduced its 2024 capital expenditure from $2.1 billion in 2023 to between $1.6...
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Ganfeng Lithium, a major player in the lithium industry, has recently increased its equity interests in Mali Lithium B.V., which will boost its stake in the Goulamina Project in Mali. This development was approved during the Sixty-eighth Meeting of the Fifth Session of the Company’s Board of Directors on September 6, 2023. Key Details of...
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