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...
READ MOREIn 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...
READ MOREPiedmont 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...
READ MORELiqTech 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)...
READ MOREMineral 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...
READ MORELithium-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...
READ MOREBritish 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...
READ MOREIn 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...
READ MOREVulcan 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...
READ MOREVulcan 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...
READ MOREOn 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...
READ MOREAlbemarle 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...
READ MORETwo 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...
READ MOREAccording 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...
READ MOREA 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...
READ MOREThe 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...
READ MOREThe 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...
READ MOREThe 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...
READ MOREVancouver-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%...
READ MOREUK 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...
READ MOREStardust Power, an American company focused on developing battery-grade lithium products, has announced its collaboration with MUFG Bank to support the development of a major lithium refining facility in Muskogee, Oklahoma. The facility is set to become one of the largest of its kind in the United States, aiming to produce up to 25,000 metric...
READ MOREUK Export Finance (UKEF) will now provide financial backing for overseas projects that source critical minerals essential to major UK industries, such as automotive, defence, and aerospace. This move aims to secure long-term access to materials like lithium, graphite, and cobalt, which are increasingly vital for emerging technologies, renewable energy, and the transition to net...
READ MORELi-Cycle Holdings has strengthened its partnership with global commodities giant Glencore by finalizing a commercial agreement for the off-take of mixed hydroxide precipitate (MHP) produced at the Rochester Hub. This strategic deal ensures that Glencore will take 100% of the MHP output from the Rochester facility, which includes valuable metals like nickel and cobalt. The...
READ MOREEuropean Energy Metals Corp. has officially changed its name to Grit Metals Corp. following a resolution approved by the board of directors on October 18, 2024. The name change took effect on October 30, 2024, and the company’s common shares will commence trading under the new name at the market opening on November 4, 2024,...
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