Investing

  • Lithium Market Faces Price Decline Amid Weaker Demand and Oversupply

    BY Lars Jensen
    The 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 MORE
  • U.S. DOE Approves $2.26 Billion Loan for Lithium Processing at Thacker Pass

    BY Lara Browne
    The 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 MORE
  • UK Export Finance Supports Overseas Projects to Secure Critical Minerals for UK Industries

    BY Lars Jensen
    UK 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 MORE
  • Stardust Power Teams Up with MUFG to Develop Major US Lithium Refinery

    BY John Davis
    Stardust 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 MORE
  • Gold Prices Drop Sharply Amid Profit-Taking and Strong US Data

    BY Lars Jensen
    Sharp Decline Follows Record High Spot gold experienced a significant decline on Thursday, closing down by \$43.50, or 1.56%, at \$2,743.63 per ounce. This drop followed a historic high of \$2,790.11 per ounce reached earlier in the day. Analysts cited profit-taking by investors and robust US economic data as primary reasons for the downturn. David...
    READ MORE
  • UK Export Finance Expands Support for Critical Mineral Projects Overseas

    BY John Davis
    UK 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 MORE
  • Li-Cycle and Glencore Finalize Off-Take Agreement for Rochester Hub Production

    BY Lara Browne
    Li-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 MORE
  • Expanded U.S. Tax Credit Benefits Metal Refiners, Leaves Out Pure Mining Companies

    BY Sophia Schmitz
    The U.S. government has expanded its Section 45X Advanced Manufacturing Production Credit to cover extraction and material costs, benefiting metal refiners while excluding pure mining companies. This change, part of the Inflation Reduction Act, was announced in final regulations by the Treasury Department and Internal Revenue Service (IRS). The 45X Advanced Manufacturing Production Credit aims...
    READ MORE
  • Alcoa Optimistic on Aluminium Demand Amid Energy Transition

    BY Sophia Schmitz
    Alcoa is “very bullish” on the outlook for aluminium as the energy transition drives increased demand, including a shift away from copper, CEO William Oplinger said on Wednesday. Speaking at a conference in Sydney, Oplinger highlighted that demand growth will be largely driven by the energy transition, with aluminium increasingly substituting for copper in certain...
    READ MORE
  • Gotion to Invest $275 Million in Battery Plant in Vietnam’s Ha Tinh Province

    BY Sophia Schmitz
    Chinese battery manufacturer Gotion has announced plans to invest in a lithium battery project in Vietnam’s Vung Ang Economic Zone, located in Ha Tinh Province. Representatives from Gotion met with the Ha Tinh Economic Zone Management Authority in late October to discuss the development of this energy storage facility, which aims to optimize renewable energy...
    READ MORE