Lithium latest news

  • March 2016

    Qinghai Lithium makes breakthrough in lithium extraction from brine

    30 March 2016

    The Chinese company, a subsidiary of government-owned Western Mining Group, has begun scaling up production of lithium carbonate from brines extracted from the Taijinaier salt lake in western China, according to the country’s Ministry of Land and Resources.

  • SQM and Lithium Americas announce Argentinian JV

    29 March 2016

    SQM’s backing of the Cauchari Olaroz project marks the first explicit supporting of a junior by a senior market player in the lithium business and SQM’s first move into lithium production beyond the Chilean border. Its stamp of approval will be welcomed by Lithium Americas, as juniors jostle to prove the viability of their projects amid a crowded field.

  • Former Chilean premier submits statement in SQM payment case

    23 March 2016

    Sebastien Pineca was called upon to give evidence in the ongoing investigation into political payments from the miner to former senator Pablo Longueira. Separately, two directors of the company have resigned.

  • Dyson to invest £1bn in battery technology

    22 March 2016

    With this major investment over a five-year period, the engineering company, best known for its vacuum cleaners, has signalled its intention to become a serious player in the battery sector.

  • Legality of email seizures key to SQM political payments case

    21 March 2016

    Procedural questions relating to the admissibility of email correspondence between former SQM CEO, Patricio Contesse, and former Chilean senator, Pablo Longueira, are set to be central to an investigation into alleged bribery by the lithium, potash and iodine producer. If the evidence is excluded from consideration in the case, it will likely nullify any criminal liability held by both Contesse and Longueira, as well as undermining further cases against other political figures connected with the allegations.

  • Argentina anticipates boom in lithium investment

    18 March 2016

    Foreign companies vie for stakes in industry;French push Eramet involvement.

  • Experts split over achieving UK low carbon energy mix

    18 March 2016

    Lack of certainty undermines confidence, with experts saying that the UK has lost time on nuclear, solar and wind; EV tech investment is “chicken and egg”.

  • SQM hits back at royalty dodging and nuclear export allegations

    18 March 2016

    SQM says it was “given no economic advantage” adding that media reports are untrue. It also denied any link to North Korea.

  • IM Lithium News in Brief 9 – 15 March

    15 March 2016

    Pilbara and AMG release PFS results; Standard Graphite enters lithium scene.

  • SQM rebuffs nuclear lithium allegations

    14 March 2016

    The Chilean lithium producer has dismissed accusation that it exported lithium products for nuclear purposes, including shipments to North Korea, amid claims in the Chilean press that, could impact its lease in the Salar de Atacama.

  • SQM denies royalty dodging allegations and comes under nuclear fire

    11 March 2016

    The Chilean industrial mineral producer has hit back at press reports stating that it received favourable treatment under the national mining royalties law, noting that the issue has not been raised once since the legislation was modified in 2010. Separately, the company stands accused of dodging its obligations to have its lithium exports authorised by Chile’s Nuclear Energy Commission.

  • IM Lithium News in Brief 2 – 8 March

    08 March 2016

    Galaxy signs 60,000 tonne offtake deal for Mt Cattlin; Nemaska and Western confident on fundraising; Bacanora publishes PFS results; Orocobre ramp up continues.

  • Chilean government will not block a foreign takeover of SQM

    07 March 2016

    The country’s environment minister has said that offers from abroad will not be stopped as speculation mounts over the purchase of a stake put up for sale late last year.

  • Price Briefing 26 February – 3 March

    04 March 2016

    Stability reported in fluorspar, kaolin and silica sand markets; amorphous graphite comes under pressure but lithium to continue rising in 2016.

  • SQM predicts more lithium supply in 2016, expects to win CORFO dispute

    03 March 2016

    The Chilean miner’s CEO told analysts that new lithium production is set to come online from Orocobre in Argentina and some Chinese producers this year, but believes the market can absorb the additional capacity, while SQM holds on to its Atacama brine leases.

  • Higher lithium prices fail to lift SQM earnings after iodine and potash slip

    02 March 2016

    The Chilean miner said the average price of the lithium it sold last year climbed by 10%, but hinted that although this trend is likely continue in 2016, the arrival of new supply will alleviate some of the market tightness observed in 2015. Prices across its potash and iodine divisions fell, meanwhile, and these markets are expected to remain under pressure this year.

  • IM Lithium News in Brief 24 February – 1 March

    01 March 2016

    Bacanora releases interim report on Sonora progress; Altura signs MoU with Chinese battery and EV maker; Bloomberg predicts EVs will account for 35% of new vehicle sales by 2040.