Lithium latest news

  • October 2014

    Imerys stick to guns in Q3 results, underline commitment to ceramic proppants

    31 October 2014

    As the world’s leading producer in many industrial minerals industries, Imerys results are always a good indication of the state of the market. These are strong results —with the exception of fused minerals, which have yet to pick up — showing that new areas of growth, such as talc in polymers in automobiles and lithium-ion batteries, are starting to affect even traditional producers.

  • Selective financing to snag pace of mine development

    31 October 2014

    Macro indicators spell a gloomy year ahead for miners in 2015, while those which have successfully secured deals to bring projects into production this year say that they have beaten the odds, but only with a great deal of effort and patience.

  • Enirgi Group aiming to be global leader in lithium with 50,000 tpa LCE plant

    31 October 2014

    The new technology Enirgi has developed is a gamechanger for the industry. If the company can produce 50,000 tpa, and as it hints, can undercut others on cost, then it means the lithium space may look very different in 2017.

  • FMC Corp. post higher minerals revenue and earnings in Q3 2014

    30 October 2014

    The higher sales and profitability FMC is experiencing in its lithium and soda ash business arm spell good news for these markets on a global level, as FMC is a leading producer in both markets.

  • International Lithium Corp. finalises Argentina project JV with Ganfeng

    30 October 2014

    Ganfeng’s investment is helping ILC to accelerate the development of its lithium properties in Argentina and Ireland with reduced costs and access to the expertise of one of China’s leading lithium companies.

  • Clariant sell off energy storage business to Johnson Matthey

    29 October 2014

    The sale shows how Johnson Matthey is strategically placing itself to become a key producer of Li-Fe-PO4 cathodes for the energy storage and electric vehicle market. It is interesting because Johnson Matthey have made this acquisition less than a month after it announced it would be buying A123 System’s Li-Fe-PO4 cathode plant in Changzhou, China.

  • Alevo to build $1bn gigawatt-scale energy storage plant in US

    28 October 2014

    This is good news for the markets which feed into lithium-ion batteries in principle as it creates another demand stream. A plant of this scale, if utilities are interested, would be a major boost for developing producers of lithium and graphite. However, Alevo has only signed one agreement so far for its GridBanks technology, so the scalability remains to be seen.

  • IM Lithium News in Brief 20-28 October 2014

    28 October 2014

    Stria publicise media separation study, Critical Elements eye mica market

  • Albemarle’s Q3 earnings drop on bromine prices, sees lithium growth with or without EVs

    24 October 2014

    The US-based speciality chemicals maker is continuing to see its profits dented by weaker prices for brominated flame retardants, despite higher sales volumes, but says that it expects to benefit from strong growth in the lithium market following the completion of its merger with Rockwood Holdings.

  • Saft wins Li-ion energy storage contract for Bolivian solar project

    24 October 2014

    The deal follows the French battery maker’s announcement that it would provide a power storage solution for Hawaii’s fourth largest island and suggests that the energy storage market is a promising growth rival to electric vehicles for lithium and graphite consumption.

  • RB Energy to delist from TSX at end of November

    23 October 2014

    The statement from TSX is another blow for the beleaguered iodine and lithium producer, which has seen its share price slip from $0.31/share on 15 September, when it made its initial announcement detailing its state of financial hardship, to $0.075/share today.

  • UK select committee highlights importance of reliable water supply to mining industry

    21 October 2014

    Access to water is a basic human right. It is also a basic requirement for mining. The conflict between these competing demands was discussed by the UK’s House of Commons Extractive Industries Select Committee, which considered how the situation could be managed through sound regulation and procedure, particularly in dry regions of the world like Chile and in areas where fracking is causing concern to communities.

  • Galaxy looks to sidestep protracted sale of Chinese lithium plant to Tianqi

    21 October 2014

    The Australian miner today said it hopes that proposed changes to China’s M&A regime will help it to close the sale of its Jiangsu facility more rapidly, which is important for the miner’s financial position as it pushes ahead with a lithium project in Argentina.

  • RB Energy starts restructuring proceedings

    14 October 2014

    The latest move to start restructuring proceedings is not quite the final nail in the junior iodine and lithium producer’s coffin, but it shows that there is little hope that the financing that the company has been looking for coming to fruition. It does also mean that RB Energy can hang onto its assets for a bit longer, as it will be protected under the Companies' Creditors Arrangement Act.

  • US Defense Logistics Agency outlines potential lithium and rare earth acquisitions

    13 October 2014

    The US Department of Defense has identified and tracks a number of minerals it considers to be critical to US national security and its purchasing intentions are an indicator of demand and availability of certain materials.

  • Tesla shares dip after unveiling of “self drive” version of Model S

    13 October 2014

    A slide in the electric vehicle (EV) manufacturer’s shares is surprising as it comes after a host of positive press, however, to put the slide in context, shares are still up 50% on last year levels. Shares in Western Lithium also traded down on Monday, which have previously tracked peaks in Tesla’s stock.

  • RB Energy closes lithium plant and dismisses staff as money runs dry

    09 October 2014

    When Canada Lithium came to the market with a new plant, secured an offtake agreement and merged with production stage iodine company Sirocco Mining, it seemed like it would be plain sailing for the company. Lower lithium selling prices, an ambitious expansion plan and untenable finances however meant that it has struggled to make ends meet. This a stark warning to juniors in this space that even developed projects are struggling.

  • European Lithium announces intention to list on AIM

    06 October 2014

    News that a European miner will seek to list on London’s AIM will be a welcome boost for the exchange as the mining sector has struggled to attract interest. There is, as yet, little information available from European Lithium, so all eyes will be on the exchange to find out more about this company over the next few weeks

  • RB Energy financing scuppered by unreceptive market

    03 October 2014

    The company admitted last month that it was facing financial hardship and was planning to sell its Chilean iodine project. Today RB Energy has said it may need to shut down its lithium project in Canada if it cannot secure the funding necessary to keep it afloat.

  • IM Lithium News in Brief 30 September – 1 October 2014

    01 October 2014

    Bacanora to commence drilling at La Ventana; Orocobre points to grid storage opportunity