Miners struggle to finance projects even amid surging battery metal demand, IEA says in forecast
EVs could reach 17 million in 2024, accounting for more than one in five cars sold worldwide, according to the International Energy Agency.
Albemarle
Chile opens 26 lithium salt flats to private companies
Chile has revealed a long-awaited list of lithium-bearing salt flats that will be open to private investors with the goal of increasing local production of the battery metal by 70%…
JV Article: Argentina Lithium targets first resource by September
Argentina Lithium & Energy (TSX-V: LIT; US-OTC: LILIF), backed by Chrysler automaker Stellantis, says it’s drilling the Rincon West lithium brine project, located beside a Rio Tinto (NYSE: RIO; LSE:…
JV Video: Argentina Lithium & Energy drills Rincon West brine project
Argentina Lithium & Energy (TSX-V: LIT; US-OTC: PNXLF) is advancing the Rincon West brine project in the country’s north with exploration drilling, CEO Nikolaos Cacos says in a new video….
Albemarle lays off 300 employees amid lithium price slump
Albemarle (NYSE: ALB), the world’s largest lithium producer, is said to have laid off more than 300 employees, or 4% of its total workforce, across its U.S. and global operations….
A roadmap for green metals after a brutal 2023
Last year was a bloodbath for mining stocks tied to the green energy transition. But with markets rallying in the early part of 2024, ‘green miners’ continue to lag. Unfortunately,…
Codelco secures its first lithium asset with Australian firm buy
Chilean state-owned copper miner Codelco, the world’s largest copper producer, has secured its first lithium asset in the home country after shareholders with Australia’s Lithium Power International (ASX: LPI) approved…
Albemarle to axe jobs, halt growth, sell Liontown stake
Plunging lithium prices are forcing Albemarle (NYSE: ALB) to cut jobs and defer spending, including on a massive refinery project in South Carolina, as part of a wide-ranging plan to…
Lithium price plummet due to continue
Lithium prices are expected to decline further because of rising supplies of the battery metal, subdued Chinese demand and a lacklustre American electric vehicle (EV) market. Australia, which mined about…
Top lithium miners eye partnerships with Chile’s government under new law
Some top lithium miners including China’s Tianqi Lithium Corp., South Korea’s LG Energy Solution and French critical mineral producer Eramet SA have met with Chilean government representatives in the past…
Follow the money trail to critical metals
One investing strategy in mining is to watch the insiders. By insiders, I mean the big players in the industry. That is, the directors of multi-billion-dollar companies, mining magnates and…
JV Article: Automaker Stellantis takes 19.9% stake in Argentina Lithium subsidiary
Amsterdam-based carmaker Stellantis (NYSE: STLA), whose iconic brands include Alfa Romeo, Chrysler, Citroën, Fiat, Opel, Maserati, Peugeot, Jeep and Vauxhall, has invested US$90 million equivalent in Argentine pesos in Canada’s…