Boasting Europe’s largest lithium resource, Vulcan Energy Resources has a central position close to the growing lithium-ion battery (LIB) and electric vehicle (EV) markets in Germany, plus the lowest carbon dioxide (CO2) intensity and water usage of all lithium projects globally.
Pilbara Minerals is set to receive $US110 million in financing, positioning it to capitalise on the growing demand for raw lithium materials.
Hastings Technology Metals has inked a master agreement with German automotive supplier Schaeffler Technologies AG for the supply of its mixed rare earth carbonate (MREC).
New Century Resources is set to acquire Vale’s Goro nickel-cobalt mine in New Caledonia, a move that is supported by substantial shareholder IGO.
The BMW Group has signed a contract with Ganfeng Lithium to receive its supply for the battery-making ingredient from Australian mines.
AVZ Minerals has secured another Chinese backer for its Manono lithium and tin project in the Democratic Republic of Congo amid softening market conditions.
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).