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February 2021
26 February 2021
Chinese domestic lithium prices continued to rise in the week to Thursday February 25, supported by continued tight spot supply, and most producers are targeting even higher prices in March.
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24 February 2021
At least $14 trillion must be invested in the electricity grid worldwide by 2050 to support new energy usages, research consultancy BloombergNEF reported on Tuesday February 23.
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22 February 2021
Chile’s Corfo on Friday February 19 filed an arbitration process with the International Chamber of Commerce against United States-based lithium miner Albemarle for allegedly underpaying royalties on its lithium sales, Corfo confirmed to Fastmarkets on Monday February 22.
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19 February 2021
New structures to lithium contracts will provide more flexibility to raise prices in response to improving market conditions, United States-based lithium producer Albemarle said during an earnings call on Thursday February 18.
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19 February 2021
China’s domestic lithium carbonate price increased by 4.4% over the week to Thursday February 18 supported by tight supply in the spot market, while the Asian seaborne lithium hydroxide market moved up for the first time in five months influenced by China’s price upturn.
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18 February 2021
A summary of United States-based lithium producer Albemarle’s results for the fourth quarter of 2020, as stated in a quarterly report published on Wednesday February 17.
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18 February 2021
All future new-build vessels to be owned by shipping operator Maersk will have dual-fuel technology installed, allowing either carbon-neutral operations or the use of standard very low sulfur fuel oil (VLSFO), the company said on Wednesday February 17.
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17 February 2021
The board of Chilean lithium producer Sociedad Quimica y Minera (SQM) has approved the company’s investment in the Mount Holland lithium project in Western Australia, it said on Wednesday February 17.
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16 February 2021
Ford Motor Co is the first United States-based automaker to join the Initiative for Responsible Mining Assurance (IRMA), with plans to increasingly rely on mined minerals while it expands its investment in the electrification of its fleet, the company said on Monday February 15.
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16 February 2021
Startup Italvolt will build the first lithium-ion battery gigafactory in Italy with an initial capacity of 45 GWh, it announced on Monday February 15.
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12 February 2021
Key data from Fastmarkets’ pricing session in Europe on Thursday February 11.
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11 February 2021
Key industrial groups in Spain have set up Battchain, a consortium created to respond to surging demand for batteries in Europe at a time when the region is transitioning to greener mobility, junior miner Infinity Lithium announced on Wednesday February 10.
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11 February 2021
A steady stream of unfunded yet highly prospective opportunities in the battery minerals space led Sir Mick Davis to form investment company Vision Blue Resources (VBR) earlier this year - after raising $60 million in the first few weeks, it’s already made its first investment and more will soon follow, Davis told Fastmarkets.
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05 February 2021
Junior miner Bacanora Lithium has signed a new joint venture agreement with offtake partner Ganfeng Lithium after the latter exercised the option to increase its stake in the Sonora lithium project to 50%, it said on February 1.
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05 February 2021
Lithium carbonate prices in Europe and the United States as well as the seaborne Asia market rose in the week to Thursday February 4, supported by the continued uptrend in China’s domestic market.
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03 February 2021
New energy companies are turning to the soaring equity markets to fund their future expansion.
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01 February 2021
The spodumene price cif China posted a sharp month-on-month increase at the end of January after a pick-up in customer inquiries, and market participants expect further rises against a backdrop of bullish supply-demand for the raw material and rising lithium chemical prices in China.
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January 2021
29 January 2021
The rally in China’s domestic lithium prices continued to influence markets in the rest of Asia in the week to Thursday January 28, but trading has thinned in the run-up to the Lunar New Year holiday in mid-February.
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29 January 2021
A summary of Australia-based spodumene concentrate miner Galaxy Resources’ results for the fourth quarter of 2020, released on Thursday January 28.
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28 January 2021
A summary of Australian lithium miner Orocobre’s results for the fourth quarter of 2020, released on Wednesday January 27.
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28 January 2021
The publication of Fastmarkets’ global lithium contracts and spodumene price assessments for January 27 were delayed because of an error in the peer review process.
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28 January 2021
A summary of Australian spodumene concentrate miner Pilbara Minerals’ results for the fourth quarter of 2020, released on Thursday January 28.
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27 January 2021
The European Commission (EC) has approved, under EU state aid rules, a second research and innovation project in the battery space, unlocking €2.9 billion ($3.52 billion) of state funds provided by a dozen European states to support research and innovation in the battery supply chain, it said on Tuesday January 26.
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25 January 2021
The London Metal Exchange will launch its new cash-settled lithium futures contract on June 14, 2021, settled against Fastmarkets’ price assessment for lithium hydroxide monohydrate.
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25 January 2021
Chilean lithium producer Sociedad Quimica y Minera (SQM) shareholders have approved a plan to raise $1.1 billion through the sale of common stocks, the company said on Friday January 22 as part of its expansion plan across its product range, which includes lithium and other industrial chemicals.
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25 January 2021
Automakers are putting high hopes on 2021 amid a drive toward electrification and recovering demand.
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22 January 2021
The increase in Chinese lithium spot carbonate prices is expected to support a recovery across the whole lithium complex, Fastmarkets' William Adams said.
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22 January 2021
Tightness in the Chinese domestic battery grade lithium compound market drove further price upswings and supported a similar move up in the Asian seaborne lithium carbonate market in the week to Thursday January 21.
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22 January 2021
A summary of China’s battery raw materials exports for December 2020.
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22 January 2021
A summary of China’s battery raw materials imports for December 2020.
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20 January 2021
Lithium carbonate has been produced for the first time in Cornwall in southwest England, the Li4UK consortium said this week.
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20 January 2021
Lithium miner Pilbara Minerals has completed the acquisition of Altura Lithium, it said on Wednesday January 20.
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20 January 2021
Xia Juncheng has become the chief executive officer of Chinese lithium producer Tianqi with effect from Saturday January 16, according to a filing to the Shenzhen Stock Exchange.
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20 January 2021
The London Metal Exchange is proposing the permanent closure of its open-outcry trading floor and the incentivization of greater liquidity on its electronic trading platform, LMESelect.
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18 January 2021
US-based junior miner Lithium Americas received the Record of Decision from the United States Bureau of Land Management (BLM) for its Thacker Pass project in Nevada on Friday January 15.
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15 January 2021
China’s domestic battery-grade lithium carbonate prices rose by 5.6% to a 14-month high on Thursday January 14, 2021 on tightening spot supply while battery-grade lithium hydroxide also surged by 10.3% week on week on low availability of cheap materials, Fastmarkets heard.
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14 January 2021
German carmaker Volkswagen Group delivered 212,000 electric cars in 2020, a 158% increase from a year earlier and a record high for the company despite a challenging market environment and an overall drop in sales due to the economic fallout of the Covid-19 pandemic, it said on Tuesday January 12.
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14 January 2021
Chinese automotive output and sales dipped by just 2% in 2020 from a year earlier after a sustained recovery in the second half of the year. Continuous year-on-year growth in December in both sales and output continued to provide support to upstream raw material prices.
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13 January 2021
Portuguese oil and gas company Galp will increase its new-energy portfolio with a 10% stake in Savannah Resources’ lithium mine in the country.
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12 January 2021
US-based junior miner Lithium Americas expects the final step in the permitting process for its Thacker Pass project in Nevada to be released on January 15 by the United States Bureau of Land Management (BLM), a company representative told Fastmarkets.
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11 January 2021
US-based lithium producer Albemarle Corp has submitted additional information on its lithium reserves to the Chilean Nuclear Agency (CCHEN) following a formal request on Monday January 4.
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08 January 2021
China’s domestic battery-grade lithium carbonate market hit a 14-month high in the first trading week of the year after the price rose by 8% week on week on Thursday January 7 on soaring offer prices and heightened buying appetite.
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07 January 2021
US-headquartered lithium producer Albemarle Corp will double lithium carbonate output at its brine-sourced production facility, Silver Peak, based in Nevada, it said on Thursday January 7.
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06 January 2021
A summary of Australian spodumene concentrate miner Pilbara Minerals‘ results for the fourth quarter of 2020, released on Wednesday January 6.
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05 January 2021
China's finance ministry has reduced the subsidies for electric vehicles (EVs) for 2021 by 20%, a move most market participants say they had expected.
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04 January 2021
Delivery and sales from leading US-based electric vehicles (EVs) manufacturer Tesla showed strong growth over the course of 2020 despite the economic setbacks and logistic disruptions triggered by the global spread of Covid-19 and its economic consequences, according to data released by the company on Saturday January 2.
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04 January 2021
View the Fastmarkets holiday pricing schedule for 2021 and 2022.
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04 January 2021
Sustainable mining of lithium - a critical raw material in the manufacturing of lithium-ion batteries that also plays a pivotal role in vehicle electrification - has come under increased scrutiny over the past year amid an accelerated shift toward electric vehicles (EVs).