Galaxy Resources to raise US$118 million for Argentina lithium project
Capital raised will be used to advance the first stage of development of the company’s Sal de Vida lithium brine project.
lithium
Albemarle, Tesla and Uber push electric car use in newly formed Zero Emission Transportation Association
Together with 27 other companies, they will push for 100% EV sales in the US by 2030.
China’s Gangfeng boosts stake in Bacanora’s Sonora lithium project
Shares in lithium explorer and developer Bacanora Minerals (LSE: BCN) surged after it announced its Chinese partner had more than doubled its stake in the company’s Sonora project in Mexico….
Australia to ramp-up production of critical minerals
The Australian Trade and Investment Commission (Austrade), in collaboration with Geoscience Australia and the Department of Industry, Science, Energy and Resources, recently published the second edition of the Australian Critical…
Albemarle moves ahead with expansions despite lithium market weakness
Albemarle (NYSE: ALB), the world’s top lithium producer, is moving forward with expansion projects at Kemerton in Western Australia and La Negra in Chile, both of which it expects to…
Rainbow, Bosveld to develop rare earths project in South Africa
Africa-focused Rainbow Rare Earths (LSE: RBW) has signed an agreement with Bosveld Phosphates to co-develop the Phalaborwa rare earths project in South Africa. The asset contains about 35 million tonnes…
Pilbara reveals plan to buy Altura for US$175M
Australian lithium producer Pilbara Minerals (ASX: PLS) has signed a conditional agreement with a group of lenders to buy embattled rival Altura Mining for US$175 million. The West Perth-based miner…
Energy metals require significant investment: Wood Mackenzie
An investment of at least US$1 trillion will be needed in key energy transition metals over the next 15 years “to meet the growing demands of decarbonization,” reports consultants Wood…
SQM aims to cut water, brine use by 50%
Chile’s SQM (NYSE: SQM), the world’s second largest lithium producer, will voluntarily cut its use of fresh water and brine from the Atacama desert to mitigate the overall impact of its operations…
Lithium demand expected to double by 2024
Global demand for lithium is expected to rise from an estimated 47,300 tonnes in 2020 to 117,400 tonnes in 2024, according to a GlobalData report. Vinneth Bajaj, a senior mining…
Gold rally lifts top 50 mining stocks above US$1T for first time
MINING.COM’s ranking of the world’s 50 largest mining companies based on market value shows an industry recovering from its Covid-19 slump and moving into positive territory for the fourth quarter…
Commentary: Lithium industry has been ‘musked’ by Battery Day
Tesla recharges the global battery industry but simplistic presentation causes chaos Battery-metal explorers and producers ought to coin a new (transitive) verb; “to Musk” is to confuse a science that…