Lithium latest news

  • June 2016

    Chinese lithium trade data reveals price rise

    30 June 2016

    The rise is in line with the unprecedented increase in the spot price of lithium in China, as the country moves to electrify a significant proportion of its fleet.

  • China could see an oversupply in downstream lithium markets

    29 June 2016

    Industry participants have warned the Chinese government to regulate its EV promotion by adjusting its target of 5m sales units in 2020, or risk heading into a battery oversupply situation. Lithium carbonate and spodumene producers meanwhile are struggling with their own expansions in order to supply China's growing battery output.

  • Lithium and TiO2 markets in balance, says Morgan Stanley

    29 June 2016

    In its latest Global Metals Playbook report, Morgan Stanley says that TiO2 feedstock trades have rebalanced, driven by positive developments in Chinese and US property markets, although the outlook for mineral sands prices remains flat. At the more desirable end of the commodity spectrum, lithium is at the forefront of battery demand being driven by EVs.

  • SQM opens new flank in CORFO arbitration proceedings

    27 June 2016

    The protracted legal battle between South America’s largest lithium producer and the Chilean government has taken a new turn, with the miner planning to initiate a new set of proceedings that would take account of a lengthier timeframe, which it believes will clear it of charges.

  • Brexit: Mineral companies in 'wait and see' mode after vote

    27 June 2016

    As financial markets are thrown into turmoil by the UK’s decision to quit the EU, participants and observers in the mineral markets believe it is too early to say what impact the move will have on them.

  • Lithium contract prices to spike in 2017: buyers

    27 June 2016

    Annual supply contract negotiations for lithium carbonate and hydroxide in 2017 will begin at the end of August, with agreements expected to be finalised in November. Lithium prices are widely expected to spike year-on-year.

  • China’s BYD forms lithium carbonate JV

    23 June 2016

    The agreement between electric car maker BYD and salt producer Qinghai Salt Industrial Co. for the production of 30,000 tonnes lithium carbonate is part of BYD’s strategy to secure supply for its Li-ion batteries.

  • Altech: HPA demand for Li-ion use to surge

    21 June 2016

    The high-purity alumina (HPA) producer forecasts that the expected increase in HPA demand for battery applications further corroborates the economic viability of its Malaysian project.

  • Nalco and Midhani partner in lithium-aluminium alloy JV

    20 June 2016

    India’s state-owned Nalco and Midhani are in talks to build a new lithium-aluminium alloy plants in Hyderabad. The alloy is used in battery and aerospace applications and can contain up to 2.34% lithium.

  • Li-ion batteries: The road to recycling

    20 June 2016

    Delegates at this year’s IDC Technologies’ Sydney Lithium Battery Conference heard that global battery recycling numbers are falling short of global targets. Cameron Perks, IM Correspondent, takes a look at why this is the case, how it can be managed and why battery recycling should be carried out.

  • Albemarle sells off Chemetall to BASF

    20 June 2016

    The chemicals and lithium products manufacturer is selling off its surface treatment operation to BASF in a deal worth over $3.0bn as it seeks to focus on the development of its core assets in bromine, lithium and catalysts.

  • Price Briefing 10-16 June 2016

    17 June 2016

    Lithium market participants point to price exaggeration; doubts cast over China’s TiO2 price hikes; fluorspar prices steady at low levels; decline in graphite continues.

  • IM23: Oil and gas downturn widens minerals shipping opportunities

    14 June 2016

    The downturn in the oil and gas industry has opened up shipping opportunities in industrial minerals used for renewable energy production.

  • Price briefing 3-9 June 2016

    10 June 2016

    Lithium lags, graphite uptick not expected “for at least four years”.

  • Chinese lithium spot market feels the pinch from government clampdown

    09 June 2016

    The spot market for lithium products in China, which has this year soared to unprecedented levels, has recently seen prices drop slightly following a Chinese government investigation into cheating on electric vehicle subsidies. Market participants believe the dip is temporary, however.

  • Chilean authorities accuse SQM of environmental breach at iodine project

    08 June 2016

    The allegations intensify the standoff between SQM and the Chilean government, with attempts to terminate the company’s lithium lease at the Salar de Atacama still ongoing. But local sources indicated to IM that the cases may be interrelated and part of a larger attempt to drive down SQM share price ahead of a likely sale of its controlling stake.

  • General Electric buys stake in battery producer Sonnen

    08 June 2016

    The move by GE to invest in what is Europe’s largest rechargeable energy storage unit manufacturer marks a further push by a major energy business into lithium-ion technology, following Total’s recent buyout of battery maker Saft.

  • First collective net loss for Top 40 mining companies

    07 June 2016

    2015 marked a $27bn net loss for the Top 40 mining companies by market capitalisation according to PwC's latest mining report, with consolidation and cost cutting likely to continue throughout 2016. Notably though, last year also marked the first time a lithium company made it into the Top 40 list as focus shifts away from coal.

  • Reporting industrial minerals: Indicated resources classification

    07 June 2016

    News that trading in ASX-listed Volt Resources shares were halted hours after the company released an announcement pertaining to its Namangale graphite project prefeasibility study in Tanzania sent ripples through the junior mining community earlier this month. But how do listed companies avoid making the same mistake? Andrew Scogings and Ivy Chen outline how to understand the JORC code.

  • Orocobre to reach 3,000 tonnes lithium production this quarter

    07 June 2016

    The newest entrant to the lithium market is continuing its ramp up in Jujuy, Argentina and expects to hit nameplate capacity by September, CEO Richard Seville told media sources.

  • Norway moves to ban fuel cars by 2025

    06 June 2016

    The move to have a completely electric fleet of private cars, buses and trucks by 2025 in Norway would see an incredible spike in demand for the materials used in electric vehicles, not least in lithium-ion battery components.

  • Savannah Resources branches out into lithium

    03 June 2016

    AIM-listed Savannah Resources has applied for Finnish lithium licences to complement its Omani copper project as the company anticipates huge growth in distributed power networks, EVs and energy storage.

  • Mineral Resources takes key stake in Mt Marion

    03 June 2016

    The operating partner of the Mt Marion spodumene joint venture has exercised an option making it a leading stakeholder in the project. Product shipments from the Western Australian project are expected to ease the tight lithium market, although buyers have indicated this may take time.

  • Price Briefing 27 May – 2 June 2016

    03 June 2016

    Fluorspar and graphite prices unchanged at low levels; further price rises anticipated from Chinese TiO2 producers.

  • Major buyers in the dark about prices of 2017 lithium contracts

    02 June 2016

    Large battery companies are as yet unsure what price range is likely to be implemented on 2017 contracts when negotiations occur in Q4, with prices this year having already reached unprecedented levels. There is some indication that the Chinese spot price may be settling, meanwhile.

  • Shanshan bearish on 2016 lithium demand figures

    01 June 2016

    The cathode material producer – which has been highly critical of the price and quality of lithium bought from its supplier Tianqi over the past year – has written off demand predictions made by the China Inorganic Salt Industry Association as being “completely unreasonable”, insisting true demand levels in 2016 will be significantly lower than predicted. The industry association has said demand should reach 210,000 tonnes lithium carbonate this year, with prices holding steady or increasing slightly.

  • Ganfeng increases Mount Marion offtake volumes

    01 June 2016

    Chinese lithium producer Ganfeng Lithium Co. Ltd has agreed to up the volume of 4-6% grade spodumene from the Mount Marion project to 200,000 tpa on top of previous arrangements to take all 200,000 tonnes of the 6% material produced.