As the world creates modern renewable energy storage solutions, adopts more portable electronics and continues the conversion of fuelled vehicles to electric vehicles, the global demand for lithium-ion batteries will continue to surge.
Pilbara Minerals plans to sell an 8.5 per cent stake in the company to China’s largest electric vehicle (EV) manufacturer despite a slowdown in lithium’s largest market.
Lithium Australia managing director Adrian Griffin has downplayed expert opinion that China is facing an oversupply of spodumene concentrates, claiming that it “may actually be short-lived.”
Galaxy Resources has reported a shipment delay at its Mt Cattlin spodumene-tantalum operations in Western Australia, which was intended for departure during the second quarter of this year.
Pilbara Minerals has achieved record production at its Pilgangoora lithium-tantalum project in Western Australia during May with its stage one plant capacity reaching 85 per cent.
Safescape and 3ME Technology have launched a light electric vehicle that will be trialled at an underground gold mine.
Rio Tinto plans to ramp up its assessment of the Winu copper-gold discovery in the far east Pilbara region of Western Australia.
Independence Group (IGO) has advanced its pre-feasibility study on its downstream nickel-cobalt extraction process, which involves hydrometallurgy of nickel sulphide concentrate in lieu of conventional smelting and refining methods.
Pilbara Minerals has exercised an option to enter into a joint venture (JV) with POSCO for the development of a lithium processing plant in South Korea.
Altura Mining has increased a proposed share purchase plan (SPP) from $5 million to $10 million on the back of strong investor demand.
MMG has posted a 61 per cent drop in profits in 2018, citing the impact of ongoing “trade friction” between the United States and China.
Western Areas has shown strong progress at the Odysseus project at the Cosmos nickel operations in Western Australia, with its stage two early works program kicking off with contractor Barminco on schedule.
Western Areas’ recently approved Odysseus underground nickel project in Western Australia is on track after hitting several early-stage milestones.
Australian Mines has released its bankable feasibility study (BFS) for the Sconi cobalt-nickel-scandium project in North Queensland, revealing a capital requirement of $US974 million ($1.35 billion).
Altura Mining has secured an additional $US15 million ($21 million) to support the operation of its Altura lithium project at Pilgangoora in the Pilbara.
Western Areas has reported increasing customer demand from the likes of the world’s largest stainless steel company, Tsingshan Group.
Following positive reception to a $12 million capital raising venture announced on January 30, Hastings Technology Metals is to restructure its raising from a shareholder purchase plan to a non-renounceable 1-in-17 rights issue.