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Lithium

Chinese lithium producers embrace hedging to manage volatility
5th September 2024 By: Bloomberg

Chinese lithium processors are ratcheting up hedging to offset wild swings in the battery metal, a sign that local futures launched around a year ago are gaining traction. Several companies have... 


A Sibanye employee working in a gold mine
Sibanye achieves Level 4 BBBEE accreditation
5th September 2024 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater reports that it has improved its broad-based black economic empowerment (BBBEE) rating to Level 4, from Level 6 in 2023 and Level... 


Founded in Australia in 2016, Piedmont moved its headquarters to North Carolina in 2021.
Piedmont Lithium pulls US government loan application as prices slump
5th September 2024 By: Reuters

Piedmont Lithium has pulled its application for a debt package from a popular US government loan program and is scaling back ambitious expansion plans across two continents, as tumbling prices of... 


Chile's top court rejects Tianqi appeal to halt SQM-Codelco deal
5th September 2024 By: Reuters

Chile's Supreme Court rejected Chinese firm Tianqi's appeal to halt a lithium deal between SQM and State-run Codelco, local newspaper La Tercera reported on Wednesday. Tianqi has argued that the... 


Zimbabwe turns to private firms to boost freight rail volumes
5th September 2024 By: Reuters

Zimbabwe's State-owned railway operator has opened its network up to private players, including a unit of South Africa's Grindrod, as it seeks to boost freight volumes that had collapsed after... 


Lepidico weighs Karibib lithium project sale or partnership
Lepidico weighs Karibib lithium project sale or partnership
3rd September 2024 By: Mariaan Webb

Australia-listed Lepidico is exploring options to maximise the value of its Karibib lithium project, in Namibia, and has hired Jefferies International as its financial adviser to guide the.... 


The Stillwater mine in the US
Sibanye to post interim loss on US impairment; lower headline earnings
2nd September 2024 By: Creamer Media Reporter

Multinational mining and metals processing group Sibanye-Stillwater expects to report a loss a share of between 250.8c and 277.2c, or about $0.13 and $0.15, for the six months ended June 30, mainly... 


GM delays additional $330m investment in Thacker Pass, Lithium Americas says
GM delays additional $330m investment in Thacker Pass, Lithium Americas says
30th August 2024 By: Reuters

Lithium Americas said on Friday automaker General Motors (GM) has delayed the second tranche of investment, worth $330-million, in the miner until the end of the year. GM had announced an... 


Rio, BYD among prospective Enami lithium partners in Chile
30th August 2024 By: Bloomberg

Rio Tinto Group and BYD were selected among prospective partners to develop lithium assets in Chile as part of efforts to tap more of the world’s biggest reserves of the battery metal despite... 


Pan American Energy refocuses efforts on Big Mack lithium project
30th August 2024 By: Creamer Media Reporter

CSE-listed Pan American Energy has successfully completed Phase 2 earn-in payments and work expenditures under its Big Mack option agreement with Magabra Resources. This achievement, involving... 


sunset at Uis tin mine in Namibia
Andrada reports 83% y/y increase in revenue
30th August 2024 By: Darren Parker

Aim- and OTCQB-listed critical raw materials producer Andrada Mining has reported an 83% year-on-year increase in revenue for the 2024 financial year ended February 29, on the back of increased tin... 


An underground copper mine
Zambia plans State firm to own 30% of critical minerals mines
30th August 2024 By: Bloomberg

Zambia plans to establish an investment company that will control at least 30% of critical minerals production from future mines. Mines Minister Paul Kabuswe unveiled a strategy on Thursday that he... 


Ghana to launch 'monster mines' to boost gold production
30th August 2024 By: Reuters

Africa's top gold producer Ghana will commission its first large-scale greenfield mine in more than a decade in November, with expected annual production of more than 350 000 oz, the head of its... 


Mount Marion, in Australia
Lithium bust spurs Ganfeng to delay project capex as losses hit
30th August 2024 By: Bloomberg

Battery-material giant Ganfeng Lithium Group said it would delay spending on projects that do not generate “significant” near-term returns after posting a first-half loss, as the industry faces a... 


Lilac Solutions has raised over $300-million to commercialise its direct lithium extraction technology.
Lithium startups bet on high demand in battery-powered future
29th August 2024 By: Bloomberg

As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate... 


The quality of Greenbushes shines through
Softer metal prices hit IGO bottom line
29th August 2024 By: Mariaan Webb

Miner and explorer IGO has posted full-year profit of A$3-million, a significant drop from the A$549-million posted in the 2023 financial year. The results were impacted by an A$172-million... 


Chris Ellison
Mining billionaire who banned work from home targets coffee runs
29th August 2024 By: Bloomberg

Staff at billionaire Chris Ellison’s mining company have already been banned from working from home. Stepping outside for a coffee could well be the next endangered perk. “I want to hold them... 


Mineral Resources posts annual profit slump on weaker lithium prices
28th August 2024 By: Reuters

Australian diversified miner Mineral Resources reported a nearly 80% slump in its annual profit on Wednesday, hit by weaker lithium prices despite record shipment volumes. The demand for lithium -... 


American Lithium CEO resigns
28th August 2024 By: Creamer Media Reporter

TSX-V- and Nasdaq-listed American Lithium has announced the resignation of Simon Clarke as CEO and director with effect from September 1. He is stepping down to pursue other interests, the company... 


The Hombre Muerto West project, in Argentina
Galan moves on to Chinese backing as Glencore agreement stalls
27th August 2024 By: Mariaan Webb

Australia-listed Galan Lithium on Tuesday announced an offtake prepayment memorandum of understanding with China’s Chengdu Chemphys Chemical Industry. The company also confirmed that the... 


BYD executive VP Stella Li
BYD says fate of lithium project is in hands of Chile government
27th August 2024 By: Bloomberg

BYD said the timing of its lithium project in Chile remains up in the air as the Chinese electric vehicle juggernaut continues to negotiate with authorities in the South American nation. In April... 


A gloved hand holding lithium
Zijin to miss lithium output target and control pace of projects
27th August 2024 By: Bloomberg

Zijin Mining Group, China’s most valuable miner and an aspiring lithium giant, said it will miss its production guidance for the battery material this year as prices continue to languish. Zijin’s... 


Frontier progressing work on PAK lithium DFS
26th August 2024 By: Creamer Media Reporter

Canadian exploration and development company Frontier Lithium is targeting 2025 for the completion of a definitive feasibility study (DFS) for the PAK project, in Ontario. The company is using... 


Tony Rovira
Azure CEO steps down after 21 years
26th August 2024 By: Creamer Media Reporter

Lithium company Azure Minerals on Monday announced that Tony Rovira had stepped down as CEO of the company. This followed the company’s A$1.7-billion takeover earlier this year by SH Mining – a... 


Pilbara slashes spending after plunge in profits
Pilbara slashes spending after plunge in profits
26th August 2024 By: Bloomberg

Lithium miner Pilbara Minerals has cut spending on its longer-term expansion projects after a crash in full-year net income that was driven by plunging prices for the battery metal. Capital... 


Marula starts site preparations for installation of ore sorter at Blesberg
23rd August 2024 By: Creamer Media Reporter

Africa-focused mining and development company Marula Mining has started site preparations to allow for the installation and commissioning of an ore sorter at its Blesberg lithium and tantalum mine,... 


Lithium mining is slowly sinking Chile's Atacama salt flat, study shows
Lithium mining is slowly sinking Chile's Atacama salt flat, study shows
22nd August 2024 By: Reuters

Chile's Atacama salt flat is sinking at a rate of 1 to 2 cm (0.4 to 0.8 inches) per year due to lithium brine extraction, according to a study by the University of Chile. The study used satellite... 


Patriot targets 400 000 t/y in Shaakichiuwaanaan Phase 1
Patriot targets 400 000 t/y in Shaakichiuwaanaan Phase 1
22nd August 2024 By: Mariaan Webb

Dual-listed Patriot Battery Metals has announced the results of a preliminary economic assessment (PEA) for the Shaakichiuwaanaan project, in the James Bay region of Quebec, Canada. The PEA... 


Sibanye CEO Neal Froneman
Sibanye secures €500m green loan to develop its Keliber lithium project
22nd August 2024 By: Darren Parker

JSE- and NYSE-listed Sibanye-Stillwater has executed a €500-million green loan financing facility for its Keliber lithium project, in Finland, through its subsidiary Keliber Technology Oy. The... 


SQM keeps expanding into lithium glut but vows market review
SQM keeps expanding into lithium glut but vows market review
22nd August 2024 By: Bloomberg

The world’s No. 2 lithium producer SQM shipped record-high volume last quarter and vowed to keep growing production in Chile even as slumping prices prompt a review of “less attractive” markets.... 


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