New Levy on Lithium Zimbabwe’s government, as part of its national budget for 2024, has introduced a new tax regime affecting the lithium mining sector. Finance Minister Mthuli Ncube announced a 1% levy on the gross proceeds from lithium mining. This tax is part of a broader initiative to bolster the country’s economy. Funding Urban...
READ MOREBinding Offer from Castelburg Industrie GmbH Rock Tech Lithium has secured a binding feedstock supply offer from Castelburg Industrie. The offer entails a minimum supply of 250,000 dry metric tonnes of spodumene concentrate for Rock Tech’s lithium conversion facility located in Guben, Germany. This five-year agreement, starting in 2024, marks a pivotal development in the...
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Government Pushes for Local Lithium Processing Zimbabwe’s lithium mining companies have been given a deadline of March 31, 2024, to submit their plans for local beneficiation, as the Government aims to leverage the mineral’s potential to boost national revenues. The initiative is part of a broader strategy to transform and develop the economy through the...
READ MORERed metal shortage subsides The deficit on the global copper market is beginning to gradually subside. The shortage, which stood at almost 100,000 tons in August this year, had fallen to 17,000 tons by September. The trend was identified using statistics provided by the International Copper Study Group. Judging by this recent move, the deficit...
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Supply Agreement for Lithium Extraction Lanxess, a global specialty chemicals company, has entered into a cooperation agreement with Canadian firm Standard Lithium. This collaboration involves a lithium project at Lanxess’s facility in El Dorado, Arkansas, USA. Under the agreement, Lanxess will supply brine rich in lithium to Standard Lithium, should the latter commence industrial-scale production...
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Strategic Shift in Lithium Sourcing Western leaders, including US President Joe Biden, are actively seeking to diversify their lithium supplies to reduce dependence on China. This initiative comes in response to a research paper presented to EU leaders, highlighting the urgent need to explore alternative sources in Africa and Latin America. The shift is driven...
READ MOREEnhanced Exploration and Overseas Acquisitions India is on the verge of securing lithium reserves overseas, as per Union Minister of Mines, Coal and Parliamentary Affairs, Pralhad Joshi. Acknowledging the limited availability of lithium and other critical minerals within the country, the Indian government is focusing on augmenting supplies through international acquisitions. This initiative aligns with...
READ MOREMandatory Refinery Plans for Lithium Miners Zimbabwe has set a deadline of March 2024 for lithium mining companies to submit plans for the local production of battery-grade lithium. This initiative, announced by Finance Minister Mthuli Ncube, is part of the country’s strategy to capitalize on the increasing demand for the clean energy mineral. Zimbabwe, already...
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Major Lithium Deposit Uncovered A comprehensive study reveals that the Salton Sea, located in Southern California, harbors one of the world’s largest lithium deposits. This significant find could potentially produce batteries for over 375 million electric vehicles (EVs). The report, spanning 371 pages and commissioned by the Department of Energy, was spearheaded by UC Riverside’s...
READ MOREUnexplored Territory Offers High Potential for Lithium White Cliff Minerals has identified its Lake Johnston South project in Western Australia’s Goldfields region as a highly promising site for spodumene-bearing pegmatites. Spanning over 13 exploration licenses and covering 1874 square kilometres, the project area is adjacent to recent significant discoveries by Charger Metals and TG Metals....
READ MORESeries B Funding Attracts Industry and Investment Leaders Adionics has successfully completed a $27 million Series B funding round. The round attracted significant investments from both existing stakeholders and new strategic investor SQM, a prominent player in lithium production. Returning investors include Bpifrance, Supernova Invest, Céleste Management, and Ovive, reaffirming their trust in Adionics’ innovative...
READ MOREElectra Battery Materials Corporation and Rock Tech Lithium have established a memorandum of understanding to collaborate on lithium recycling initiatives in North America. This agreement is designed to use recycled lithium from Electra’s Ontario battery recycling facility, upgrading it to battery-grade lithium chemicals at Rock Tech’s refineries. The focus is on creating a sustainable, closed-loop...
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Savannah, the British company developing a lithium mine in Boticas, Vila Real district, continues to seek investors despite recent legal scrutiny. An official source from the company confirmed to JE that the Barroso Lithium project is proceeding without any constraints. Cooperation with Authorities and Investor Search Efforts While the company and its executives have not...
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Lithium Universe is advancing towards a definitive feasibility study for its Apollo project in Canada, having expedited the engineering design of its Quebec lithium processing hub’s (QLPH) stand-alone concentrator. The processing facility, with a planned capacity of 1-million-tonnes per year, is being fast-tracked by WA-based Primero. Plant Design and Processing Strategy Designed to handle an...
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Betolar has teamed up with Metso for a three-year project focusing on the sustainable use of by-products from the lithium hydroxide process. This initiative is set to globally expand Betolar’s technology in conjunction with Metso’s lithium hydroxide processing, targeting clients in the mining and refinery sectors. Converting Analcime Sand for Construction Use The collaboration is...
READ MOREAndrada Mining Limited, a technology metals mining company with assets in Namibia, has made significant progress in its lithium pilot plant and overall lithium strategy. The pilot plant has successfully completed commissioning, producing 10 tonnes of saleable lithium concentrate. Andrada plans to boost production to 250 tonnes per month by early 2024 and is currently...
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Extended RC Drilling at Cobra Lithium Prospect Kula Gold has announced the expansion of its current RC drilling program at the Cobra Lithium Prospect, now planning to drill up to 2,000 meters, doubling the original 1,000 meters. The Cobra prospect, located near Greenbushes in Western Australia, is in proximity to the world’s largest hard rock...
READ MOREExxon’s Shift to Lithium Production Exxon Mobil Corp., traditionally known for its oil and gas operations, has launched its lithium production brand, Mobil Lithium. This move aligns with the broader trend among major oil and gas companies exploring alternative revenue sources in anticipation of declining gasoline demand. Mobil Lithium represents Exxon’s entry into the critical...
READ MORECurrent Market Scenario and Rio Tinto’s Strategy In the midst of declining lithium prices and increasing supply, Berenberg analysts suggest that Rio Tinto should capitalize on the current market conditions to acquire lithium assets. Lithium, crucial for electric vehicle batteries and energy storage systems, has been the poorest performing commodity in 2023. Despite this, Rio...
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Lithium Extraction and Optimization Plant Launched Vulcan Energy Resources Limited has opened its new Lithium Extraction and Optimization Plant (LEOP) in Landau, Germany. This facility marks the start of Europe’s first domestic lithium chemical production, targeting the European lithium supply chain for Battery Electric Vehicles (BEVs). The LEOP, with a €40 million investment, is designed...
READ MOREDetails of Placing and Open Offer CleanTech Lithium has initiated an Open Offer following its successful Placing, issuing a circular to shareholders that outlines the specifics, including a notice for an upcoming General Meeting. The Placing, which conditionally raised GBP 8 million, involved the issuance of 36,363,638 new ordinary shares priced at 22 pence each....
READ MOREProject Relocation and Investment Plans Glencore has announced the relocation of its Li Demo pilot plant project, initially planned for Portovesme, due to prolonged permit processing times. The €5 million project, aimed at producing lithium carbonate and mixed metal oxides for electric vehicle batteries, is now likely to be established in Germany, with Spain, Canada,...
READ MOREProgress in Pilot Plant Testing Arizona Lithium Limited is moving forward with the final phase of testing their third-party Direct Lithium Extraction (DLE) technology at the Prairie Lithium Project. The company has successfully processed over 42,000 liters of raw brine, resulting in about 2,500 liters of lithium concentrate. This concentrate has been dispatched to the...
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Community Consultation for Weardale Lithium Project Residents in County Durham will have the opportunity to voice their opinions on the proposed lithium extraction pilot plant by Weardale Lithium. The public consultation event is a precursor to the company’s planning permission application. The initiative focuses on using direct lithium extraction (DLE) technologies to derive lithium from...
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