Adjustment Period in Lithium Industry The year 2023 marked a period of adjustment for the lithium industry, significantly different from the price boom of 2022. The value of a metric ton of lithium carbonate has witnessed an 84% drop since its historical peak, as detailed in a report by Corfo, the Chilean Economic Development Agency....
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Groundbreaking Research by Sultan Qaboos University A new study conducted by researchers Ashraf Mishrif and Asharul Khan of Sultan Qaboos University (SQU) emphasizes the vast potential for lithium mining in Oman. This research, published by the university’s Humanities Research Centre, marks a significant step in understanding the Sultanate’s role in the global lithium market and...
READ MORERapidly Growing Demand, Supply Lag The world is on the brink of a significant lithium shortage, with predictions of a deficit as high as 300,000 tons of lithium carbonate equivalent by 2030, according to data compiled by Columbia University. In a worst-case scenario, this shortfall could exceed 750,000 tons. The demand for lithium carbonate has...
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Amani Gold has finalized an agreement to fully acquire Authium, the entity holding the Clayton Ridge Sedimentary Lithium Project in Nevada, boasting a significant Lithium Carbonate Equivalent (LCE) resource. Key Features of the Clayton Ridge Lithium Project – Substantial JORC Resource: The project has a remarkable resource of 2.5Mt LCE, with 2.24Mt LCE classified as...
READ MOREGalan Lithium has announced significant progress in the construction of the Hombre Muerto West (HMW) Phase 1 lithium brine project, aligning with its target to commence lithium chloride production in the first half of 2025. Phase 1 Construction Progressing Smoothly Key developments in the project include: – Pond 1 construction nearing completion, currently at an...
READ MORESuccessful Exploration Outcomes in Central Finland European Energy Metals has reported successful outcomes from its Phase I exploration program at its Central Finland Lithium Project. This phase of exploration focused on identifying lithium-bearing pegmatites across its reservations. Key Discoveries and Sampling Results Exploration License Applications and Land Expansion European Energy Metals has submitted applications for...
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In-depth Analysis of Pocitos Project RR Recharge Resources has released an inferred mineral resource estimate for the Pocitos I and II lithium brine project in Salta province, Argentina. Authored by WSP Australia the report estimates 143,000 tonnes of lithium metal and 760,000 tonnes of lithium carbonate equivalent (LCE). Project Potential and Revenue Projections The potential...
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Strategic Expansion Near Tanco Lithium Mine Snow Lake Resources Ltd. has made a significant move in the lithium mining sector by entering into a letter of intent with ACME Lithium Ltd. This agreement marks a strategic expansion for Snow Lake, as they acquire a 90% interest in mineral claims adjacent to the renowned Tanco lithium...
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Breakthrough in Domestic Lithium Supply Northern Lithium and Darlington-based Sheers have joined forces with Evove from the North West, marking a significant advancement in the UK’s green energy sector. This collaboration aims to establish the nation’s first commercial-scale Direct Lithium Extraction (DLE) plant in County Durham. Achieving Industrial-Scale Lithium Production Following successful battery-grade lithium production...
READ MOREProgress in Lithium Industrialization The executive president of Yacimientos de Litio Bolivianos (YLB), Karla Calderón, discussed significant advancements in Bolivia’s lithium industry, including the initiation of a three-phase project for lithium production. The project, which began with a pilot plant capable of producing 1,000 tons of lithium, aims to eventually produce around 14,000 tons with...
READ MOREGrowing International Demand Following the inauguration of Bolivia’s first state-financed Lithium Carbonate Industrial Plant in Llipi, Potosí, there is significant interest from Asian and European Union (EU) countries in acquiring its lithium carbonate production. The executive president of Yacimientos de Litio Bolivianos (YLB), Karla Calderón, noted interest from countries including China, South Korea, Japan, and...
READ MOREStrategic Investment and Technology Licensing Livent Corporation has announced its acquisition of a minority stake in the parent company of ILiAD Technologies, a subsidiary of EnergySource Minerals (ESM). This move allows Livent to license the ILiAD (Integrated Lithium Adsorption Desorption) technology platform, enhancing its capabilities in direct lithium extraction (DLE). Innovative Extraction Technology ILiAD Technologies...
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New Business Model with Uranium One Group Bolivia’s Minister of Hydrocarbons and Energy, Franklin Molina, has detailed the new business model adopted for lithium extraction in collaboration with the Russian company, Uranium One Group. The model includes three distinct stages: construction, operation and maintenance, and finally, commercialization. Investment and Project Phases Yacimientos de Litio Bolivianos...
READ MOREPotential Upswing in Lithium Reserves Andrei Chibis, the Governor of the Murmansk region, has indicated that the reserves at the Kolmozerskoye lithium deposit could exceed initial forecasts. This revelation was shared during a recent statement in St. Petersburg, shedding new light on the potential of the deposit. Joint Venture Exploration Efforts Polar Lithium, a joint...
READ MOREZimbabwe to Boost Lithium Output Zimbabwe is projected to significantly increase its lithium production to 1.1 million tonnes in 2024, capitalizing on its vast lithium reserves. This marks a remarkable uptick from the 882,000 tonnes produced as of November 2023. Exploiting Africa’s Largest Lithium Deposits With the largest lithium deposits in Africa, Zimbabwe is on...
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A new report funded by the U.S. Energy Department reveals that Southern California’s Salton Sea could be sitting on one of the world’s largest lithium reserves, potentially powering 375 million electric vehicle batteries. Report’s Key Findings Lithium’s Growing Demand Lithium, nicknamed “white gold” for its color, has seen a surge in demand due to the...
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Completion of Preliminary Economic Assessment Green Technology Metals (GT1), focused on lithium projects in Canada, has announced the completion of its Preliminary Economic Assessment (PEA). The assessment includes vertically integrated mines, concentrators, and a Lithium Hydroxide Conversion facility. Key Highlights of the PEA – Mining Lease: A 21-year mining lease has been granted for the...
READ MOREExpansion and Equipment Installation at Blesberg Marula Mining is advancing its expansion project at the Blesberg Lithium and Tantalum Mine. The company is installing new equipment to enhance ore handling capacity, with an aim to produce up to 5,000 tonnes per month of high-grade lithium ferrite products. This production will utilize stockpiled material from historical...
READ MOREUpdate on Clayton Valley Lithium Project Century Lithium has provided an update on its ongoing Feasibility Study for the Clayton Valley Lithium Project in Nevada. The project, which includes the development of lithium extraction from lithium-bearing clay, is currently undergoing extensive testing and optimization. Feasibility Study and Production Targets The Feasibility Study, involving consultants from...
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First Industrial Pilot for Geothermal Lithium Extraction Eramet, in partnership with Electricité de Strasbourg (ÉS), has inaugurated their first industrial pilot plant for direct extraction of geothermal lithium in Rittershoffen, Alsace. This innovative project aims to contribute significantly to France’s lithium needs, targeting 10-15% of the country’s requirements by 2030. Pilot Plant Details The pilot...
READ MORERecord Share Surge Following Major Project Announcement Himadri Speciality Chemical, based in India, has declared its plans to establish a facility dedicated to manufacturing lithium-ion battery components. The estimated cost of this ambitious project is set at 48 billion rupees ($576.12 million). Following this announcement, the company’s shares witnessed a significant jump, rising nearly 6%...
READ MOREProgress in Lithium Hydroxide Production Technology The Angarsk Electrochemical Combine (AECC), located in the Irkutsk Region and part of JSC TVEL, is on track to finalize its lithium hydroxide production methods by 2024. General Director Vyacheslav Glushenkov announced that the pilot unit, launched in 2021, is nearing the completion of its production technology development. The...
READ MOREAchievements in 2023 and Growth Trajectory for 2024 E3 Lithium Ltd., a prominent lithium developer in Alberta, has outlined its notable accomplishments in 2023 and its ambitious growth plans for the coming year. The company’s achievements include a significant resource upgrade, the successful operation of a Direct Lithium Extraction (DLE) field pilot plant, and the...
READ MORESuccessful Lithium Spodumene Concentrate Production Andrada Mining, a technology metals mining company based in Namibia, has announced the successful production of high-grade lithium spodumene concentrate at its Lithium Ridge license area (ML133). The laboratory-scale flotation process yielded a concentrate with a grade of 6.8% Li2O, comprising 75% spodumene, from two exploration samples. Exploration Highlights –...
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