Pilbara Minerals, Australia’s largest independent lithium producer, announced plans on Friday to double its production capacity for lithium spodumene at the Pilgangoora operation in Western Australia. The A$1.2 billion ($799.2 million) investment aims to increase output to 1.9 million tonnes per year, pending a feasibility study’s results expected in late 2025. The expansion involves constructing...
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Increased offtake agreements between automakers and mineral suppliers and a shift towards more affordable lithium-iron-phosphate batteries for electric vehicles are providing long-term stability for lithium demand, according to Rod Colwell, CEO of Controlled Thermal Resources Holdings. Speaking at the Giga USA 2024 conference organized by Benchmark Mineral Intelligence, Colwell discussed the Hell’s Kitchen lithium extraction...
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Serbian President Aleksandar Vucic is poised to give Rio Tinto the go-ahead to develop Europe’s largest lithium mine, two years after the project was halted, according to the Financial Times. Vucic indicated that “new guarantees” from Rio Tinto and the European Union have addressed Serbia’s environmental concerns about the Jadar site in western Serbia. “If...
READ MOREAlbemarle’s Efforts to Strengthen U.S. Lithium Sovereignty Kings Mountain Lithium Mine Project Albemarle Corporation held public hearings on the Kings Mountain lithium mine project, located at one of the largest pegmatite deposits in the United States. The project aims to produce approximately 420,000 tons of spodumene concentrate annually. The initiative includes utilizing a former mica...
READ MORESummit Nanotech and Zelandez have signed a non-binding letter of intent (LOI) on May 14, 2024, to streamline the process from brine to battery, utilizing Summit’s denaLi Direct Lithium Extraction (DLE) technology and Zelandez’s ErLi carbonation technology. This LOI initiates discussions for an evaluation project using brine from one of Summit’s South American salars to...
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The Korea Institute of Geoscience and Mineral Resources (KIGAM) and SK ecoplant Co. have secured the rights to explore four lithium mines in Kazakhstan. These mines are estimated to contain approximately 25,000 tons of lithium, enough to produce batteries for around 3.3 million electric vehicles. KIGAM announced on Thursday that it signed a multilateral memorandum...
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Rain City Resources Acquires Avonlea Lithium to Revolutionize Lithium Extraction Rain City Resources has entered into a binding agreement to acquire up to a 100% interest in Avonlea Lithium Corp. Avonlea, based in Calgary, Alberta, has developed an innovative approach to Direct Lithium Extraction (DLE) called the “Advanced Chemical & Cavitation Extraction of Lithium” (ACCELi)...
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Century Lithium has announced the filing of the “NI 43-101 Technical Report on the Feasibility Study of the Clayton Valley Lithium Project, Esmeralda County, Nevada, USA.” The report, dated April 29, 2024, supports the disclosure in the company’s news release from the same date. It was prepared by Wood Canada Limited, Global Resource Engineering, Ltd....
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Anglo-Australian miner Rio Tinto announced on Thursday that newly published environmental studies indicate its Serbia lithium project, halted in 2022 after widespread protests, would be safe for the environment. The $2.4 billion Jadar lithium project in Western Serbia could potentially cover 90% of Europe’s current lithium needs, positioning the company as a leading lithium producer....
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Bravura Mining Consortium’s operations in Zimbabwe are gaining momentum with the acquisition of platinum mining machinery and the construction of a dense media separation plant for its lithium mine. The separation plant, manufactured by Manhattan Corporation in South Africa, is ready for shipment to Zimbabwe once the necessary approvals and ongoing civil works at Kamativi...
READ MOREAccording to Kanat Sharlapaev, Minister of Industry and Construction of the Republic of Kazakhstan, the East Kazakhstan region is likely to become a major hub for lithium production, reports Kazinform News Agency. Today, President Kassym-Jomart Tokayev of Kazakhstan hosted South Korean President Yoon Suk Yeol at the Akorda presidential residence. During the meeting, Minister Sharlapaev...
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Albemarle Corporation (NYSE: ALB), a leader in essential elements for mobility and energy, introduced its plan for the Kings Mountain Mine in the U.S., a significant hard-rock lithium deposit. Pending approvals, the mine is set to produce about 420,000 tons of lithium-bearing spodumene concentrate annually, supporting sustainable transportation and defense applications. “The Kings Mountain Mine...
READ MOREEcopro Innovation and Samsung SDI have signed a long-term lithium supply contract, ensuring a total supply capacity of approximately 154,000 tons of lithium hydroxide distributed across their business sites and Hungarian plants. This agreement will enable Ecopro Innovation to continue its operations with Samsung SDI in Korea until 2033. Ecopro Innovation has been at the...
READ MORETerraVolta Resources, a leading U.S. critical minerals exploration and production company, has announced significant progress in its flagship lithium project in the Smackover formation across Texas and Arkansas. In early 2023, The Energy & Minerals Group (EMG), a major global private investor in natural resources, made a substantial equity commitment to TerraVolta, making it the...
READ MOREOn June 11, Chen Yubi, President of Nuode New Materials, met with Arun Mittal, CEO of Exide Energy, in Shanghai to finalize a strategic cooperation agreement. Exide Energy is the largest battery manufacturer in India. Nuode New Materials operates four major production bases for electrolytic copper foil, boasting an annual production capacity of 120,000 tons...
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Wastewater from fracking for shale gas in Pennsylvania contains unusually high levels of lithium ions, potentially aiding the green transition, U.S. Congressman Guy Reschenthaler said on June 8 on Fox News Channel. A study published in Nature in April 2024 revealed that annual lithium production from the Marcellus Shale, a large natural gas reserve in...
READ MOREMajor Copper Smelter to be Built in Kazakhstan Agreement Between KAZ Minerals and China Nonferrous Metal Mining Kazakh copper producer KAZ Minerals has signed an agreement with China Nonferrous Metal Mining to construct a $1.5 billion copper smelter in eastern Kazakhstan. This state-of-the-art facility is scheduled to begin operations by the end of 2028. It...
READ MOREBravura Holdings, owned by Nigerian tycoon Benedict Peters, plans to start production at a Zimbabwean lithium project early next year, according to a company official. Despite the current weak price of lithium, the company remains committed to commissioning the Kamativi lithium tailings project by 2025, Bravura’s group general manager Gbenga Ojo told reporters in Harare...
READ MORECodelco, Chile’s state-owned mining company, is aiming to commence production at the Maricunga lithium project by 2030, with construction slated to begin in 2027. This timeline was reported by Reuters on June 6, citing a document from Codelco and investment firm Rothschild & Co. The project’s initial phase will produce 20,000 metric tons of lithium...
READ MOREDuring the first four months of the year, the mining sector grew by 9.7% compared to the same period last year, though not all branches performed equally. Lithium emerged as the standout, achieving significant improvements over the rest of the industry. A report from the National Institute of Statistics and Census (Indec) revealed that lithium...
READ MOREOn Tuesday, Eastern Time, Occidental Petroleum Corporation, a company in which Warren Buffett holds a significant stake, announced a joint venture with Berkshire Hathaway Energy (BHE) to test and deploy technology for extracting lithium from geothermal brine. Buffett’s Berkshire Hathaway is the largest shareholder of Occidental Petroleum, holding over 34% of its shares. BHE Renewables,...
READ MOREThe Korea Institute of Geoscience and Mineral Resources (KIGAM) aims to establish a plant in Kazakhstan to produce lithium carbonate and lithium hydroxide, as reported by Trend. This development was discussed during a meeting between Kazakhstan’s Minister of Industry and Construction, Kanat Sharlapaev, and representatives from KIGAM and SK ECOPLANT. Representatives from KIGAM and SK...
READ MOREThis Tuesday saw full support from Codelco’s main trade union organizations for the association agreement with SQM. The Federation of Copper Workers (FTC) first expressed approval on Saturday, following the confirmation of the negotiations’ closure. The FTC emphasized that the agreement ensures the State of Chile’s majority participation in the lithium industry, which aligns with...
READ MOREOccidental and BHE Renewables, a subsidiary of Berkshire Hathaway Energy, have announced a joint venture to demonstrate and deploy TerraLithium’s Direct Lithium Extraction (DLE) technologies. This venture aims to extract and commercially produce high-purity lithium compounds from geothermal brine. TerraLithium, owned by Occidental, has patented DLE technologies capable of processing lithium-containing brine into a high-purity,...
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