Lithium latest news

  • February 2015

    Potash West takes on 25% of lithium extraction technology process

    27 February 2015

    By investing in an extraction technology, Potash West is opening up possibilities of a technological joint venture with its business partner Strategic Metallurgy.

  • PANalytical pushes for cost saving technologies in mining depression

    27 February 2015

    Investment in technology needed for optimisation, with XRD and XRF offer better, faster analysis. The biggest opportunities lie in lithium and rare earths.

  • Financing and industry consolidation among themes to dominate PDAC 2015

    27 February 2015

    As the North American mining industry gears up for this year’s PDAC meeting in Toronto, Canada, IM spoke to Tom Hayes at Edison Research to identify the main themes expected to lead debate at the conference.

  • IM Lithium News In Brief 18 - 25 February 2015

    25 February 2015

    BASF forms Li-ion joint venture with Toda Kyogo Corp.; Samsung acquires Canada-based battery supplier; Asahi Kasei Corp. purchases Polypore International's energy storage business.

  • Mining Indaba ’15: There is no new China to come on stream

    13 February 2015

    Miners are coming to terms with the need to adjust to new supply-demand fundamentals as Chinese consumption slows and no other emerging economy looks in a position to fill the void. While headline demand indicators like iron prices ore are expected to suffer, some believe that speciality minerals such as graphite, lithium and rare earths may be cushioned by new and expanding pockets of growth, although access to funding remains tough across the board.

  • Rio Tinto underlines optimistic outlook for minerals in 2014 results

    12 February 2015

    Rio Tinto has spent the last 12 months optimising its supply of TiO2 to match bearish market conditions, while slowly ramping up borates production. The company continues to operate with some optimism when looking to 2015, but cautions that it expects production remain flat in the medium term.

  • Mining Indaba '15: Bad management has deepened the mining crisis

    12 February 2015

    Poor planning and execution have added to the woes of mining companies and explorers already battling with low mineral prices and slack demand - a trend that is also hurting the services sector and eroding investor trust.

  • Energy storage demand will be driven by EV growth – FMC Corp

    10 February 2015

    FMC is one of three global leaders in the lithium market and so any forecasts it makes regarding future demand in this space hold a lot of weight. Interestingly, although the producer believes that energy grid storage demand will grow, it is more cautious in its estimates and is instead looking at the electric vehicle market as being the real demand driver to 2020.

  • Galaxy lease Mt Cattlin lithium mine to General Mining Corp for $1.95m pa

    09 February 2015

    Galaxy’s focus for now is on attaining financial stability. The company has already agreed to sell its Chinese plant to Tianqi, now it is giving General Mining the option to buy its spodumene source in Australia for $30m.

  • Orocobre says that lithium oversupply will not be an issue as it moves towards commercial production

    06 February 2015

    Orocobre is at the last stage of its qualifying process and it is hoping that within a few months it can begin commercial production and become a major global lithium supplier. It says that last year’s fears about lithium oversupply have not come to fruition because it is one of the few juniors to deliver results.

  • FMC Corp. records higher minerals revenue and earnings in Q4 2014

    05 February 2015

    FMC has been a leading global producer of lithium and soda ash for several years. With the sale of its soda ash arm it has now concentrated its mineral focus onto lithium which it believes will enjoy an uptake in prices as interest in energy storage picks up.

  • RB Energy presses on with sale of iodine, lithium, facilities

    05 February 2015

    While there are no assurances that RB Energy will find a buyer for its facilities, the fact that it has received some expressions of interest could mean that a larger producer is looking to expand supply, or there could be a new lithium or iodine player on the market soon.

  • Simbol Materials cuts jobs and halts activity at demo lithium plant

    05 February 2015

    Simbol says that it is now seeking investors to help it commercialise its lithium production. However, EnergySource, the provider of its brines, says that it will take a different management team to realise the potential of Simbol’s lithium extraction process.

  • FMC to sell its soda ash business to Tronox for $1.64bn

    04 February 2015

    Alkali Chemicals, the world’s largest natural soda ash producing business, has been sold by FMC to Tronox. Tronox is hoping to become a leader in the inorganic chemicals market while FMC is using the sale to pay for its investments in agricultural supplies.

  • Tronox rumoured to be near to closing $1.5bn deal for FMC’s soda ash business

    03 February 2015

    FMC is a major global supplier of soda ash, posting good results last year after positive optimisation and higher sales in this sector. However with soda ash pricing forecasts flat in the near-term, a divestment of its soda ash business will enable the company to cut debt after a previous acquisition.

  • Orocobre moves to commercial ramp-up of Argentina lithium plant

    02 February 2015

    Orocobre thinks it can become a major global lithium supplier just in time for an upsurge in demand for the mineral. But first, it must wait until customer feedback allows them to complete the necessary four-year qualification process.

  • Galaxy agree to sell China-based lithium plant to Tianqi for lower price

    02 February 2015

    Galaxy has opted to sell its Jiangsu plant for a lower price after renegotiations with Tianqi. Galaxy is hoping that the deal can provide them some financial stability after several troubled years and the lower price exemplifies how much the company needs to make the sale of what was once their proudest asset.