Lithium latest news

  • May 2015

    Toshiba supplies 40MW battery storage system; GE supplies second ESS

    29 May 2015

    While Toshiba claims to be supplying Japan's largest battery energy storage system (ESS), GE's deal with the Ontario electricity system operator is the conglomerate's second contract in the ESS area this year. Unlike the GE's previous agreement in April with Con Edison, the batteries in the Ontario system are solely powered by lithium.

  • Duke Energy plans 2MW Li-ion storage system in Ohio

    29 May 2015

    The role of the ESS in power grid stability is being globally recognised, as companies from Asia, US and Europe come together to pool their expertise in various new ESS systems for traditional grids and renewable energy.

  • Price Briefing 22 – 28 May

    29 May 2015

    India cuts barite tender price; Chinese tax hurts rare earths and lithium gets a boost from short supply.

  • Lithium hydroxide prices edge up on tighter supply

    29 May 2015

    Sources confirm less material available in the market; lithium carbonate prices remain stable.

  • Tesla large-scale Powerwall battery to get global mines running off-grid

    27 May 2015

    The potential for energy storage systems (ESS) to take whole industries off-grid has not yet been realised, but mining could be one of the sectors to benefit first. Traditionally located in remote areas, without access to the electricity grid, mines need power generation independent of the infrastructure of politics their host countries.

  • SQM subsidiary makes $1.2m tax payment following probe

    26 May 2015

    Once SQM Salar, one of the subsidiary businesses of SQM, was found to lack supporting documentation for expense claims, it was inevitable that the group would have to make a payment to cover tax and investment costs. The one off charge could mark the end of SQM's torrid few months grappling with the Chilean tax authorities.

  • IM Lithium News in Brief 19 – 26 May

    26 May 2015

    Lithium-ion (Li-ion) batteries are appearing in military vehicles and passenger ferries, demonstrating the flexibility of the power source to supply energy. Battery technology providers such as Siemens are receiving a flood of demand as their products achieve wider potential usage.

  • European Lithium pushes back AIM listing

    26 May 2015

    The exploration company is progressing its efforts to complete its IPO and list on London’s small caps market, originally scheduled for Q1 this year, in order to raise funds for its PFS, as it presses ahead with its Wolfsberg lithium project in Austria. It is hoping that strong ongoing demand will help it with its aim of becoming a major lithium producer in Europe.

  • Sonora drill results indicate double lithium resource and expansion possibilities for Bacanora

    22 May 2015

    Companies with stakes in the Mexican lithium project may need to court financing partners as drill results confirm that the lithium reserves are larger than expected.

  • Potash West commissions mini plant for low-cost lithium carbonate extraction

    21 May 2015

    As demand for lithium is expected to grow, companies like Potash West and Cobre Montana are entering into collaborations with technology providers to improve their prospective capacities.

  • SQM revenues drop 27.4% in fraught first quarter

    20 May 2015

    It has been a deeply unpleasant quarter for SQM, encompassing the loss of CEO Patricio Contesse and an embarrassing tax probe. Understandably, the Q1 2015 performance of the Chilean lithium and fertilisers producer has suffered. However, ongoing demand for lithium and iodine should help the company to put its recent drama behind it and deliver better performance in the rest of the year.

  • Pure Energy Minerals extends scope of POSCO MoU

    19 May 2015

    Pure Energy Minerals' strong cash position means it has been taken seriously by industry heavyweights such as POSCO, who are keen to deploy their environmentally friendly technology into the much sought-after lithium space.

  • IM Lithium News in Brief 12—19 May

    19 May 2015

    Research into lithium battery technology is outpacing lithium production. Until more capacity comes on stream, the developments and innovations will remain in the laboratories.

  • Sonora lithium doubles reserve estimate

    14 May 2015

    The move by Rare Earths Minerals to increase its stake in Sonora lithium's operator Bacanora has proved wise, after the site has been found to contain double the amount of lithium previously thought.

  • RB Energy bankrupt after zero offers for lithium and iodine operations

    13 May 2015

    The market's lack of interest in RB Energy's lithium and iodine assets has forced the company into bankruptcy.

  • IM Lithium News in Brief 5—12 May

    12 May 2015

    Australian battery manufacturer Redflow has announced that it welcomes Tesla's home battery system. Other battery manufacturers will surely follow in reaching out publicly to Tesla. A recent study by consultancy Technavio has predicted that the all-electric vehicle market in Europe alone is expected to grow at a CAGR of 29.2% in the next four years. Partnerships are one way to take advantage of this, as seen with Johnson Controls' product development partnership with fellow technology specialist the US' Lawrence Technological University this week.

  • FMC Corp. suffers currency effects but optimistic on 2015

    11 May 2015

    FMC Corp. found itself on the wrong side of the strengthened US dollar over Q1 2015. However, the business’ divestments and acquisitions from 2014 are expected to bolster its growth in the coming months, particularly as earnings from its acquired business Cheminova are amalgamated into the group’s total earnings.

  • Albemarle income rises following Rockwood acquisition but bromine disappoints

    07 May 2015

    Albemarle has tightened and heightened its per-share earnings guidance for the year ahead. While profits for the business have risen, this is mainly due to extra lithium sales from Rockwood, which the company finished integrating earlier this year, as the bromine department continues to face substantial industry pressures.

  • IM Lithium News In Brief 1 – 6 May

    06 May 2015

    Li-ion battery manufacturers and distributors are continuing to partner up to pool their expertise, Boston Power and Darfon Electronics being an example this week, Electrovaya and Litarion another. Uncertainty still hangs over the future of Li-ion battery air transport, as aviation authorities find that fire from Li-ion batteries cannot be extinguished under existing systems.

  • Lithium Americas and POSCO ready to form JV on lithium production

    05 May 2015

    Lithium Americas and POSCO are coming closer to commercialising lithium production from Argentina, providing the market with future supplies of lithium as the press becomes awash with news of lithium home batteries made from the material.

  • Tesla diversifies Li-ion battery production into home ESS

    01 May 2015

    Entering the home battery market will introduce competition in the li-ion battery storage sector, driving down the cost of producing the technology and potentially expanding demand for battery grade lithium and graphite.