Tag: Lithium

Tianqi Lithium Energy Australia said on Tuesday it was prioritizing the long-term viability of its loss-making Kwinana lithium hydroxide refinery after one of the joint venture’s owners raised doubts about the ability to improve operations.

French mining group Eramet reported a sharp decline in first-half results on Wednesday and warned that macroeconomic conditions should remain difficult for the rest of the year, prompting a downward revision to its 2025 production targets.

The global passenger EV market, including plug-in and conventional hybrids, should easily reach 25 million units this year.

Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) has announced a $250 million strategic investment from Orion Resource Partners LP to support the development and construction of Phase 1 of the Thacker Pass lithium project in the state of Nevada.

Lithium Ionic (TSX: LTH) announced on Wednesday that it has secured preliminary approval for a $266 million loan guarantee from the Export-Import Bank of the United States (EXIM) to support its flagship Bandeira lithium project in Minas Gerais, Brazil.

Global Lithium will push back its annual shareholder meeting to February to allow time for the Australian government to review a potential breach by a shareholder of foreign acquisition laws.

Bolivia state-owned Yacimientos de Litio Boliviano (YLB) has inked a deal with Russia’s Uranium One Group to build a $976 million direct lithium extraction (DLE) facility in the country’s vast Salar de Uyuni.

The head of Chile’s Corfo development agency said on Thursday he will launch a call for bids for projects making lithium products while accessing a preferential price “as soon as possible,” following a previous delay.

This year is shaping up to be another tough one for the world’s lithium producers, but the Australian sector is taking new price lows in its stride.

Savannah Resources (AIM: SAV), the British company behind the Barroso lithium project in Portugal, has secured a £16 million (US$20.2 million) investment from Dutch miner AMG, which has become the company’s largest shareholder with a 15.77% stake.

Noram Lithium (TSXV: NRM: US-OTC: NRVTF) gained 27% Thursday after a new resource estimate defined a high-grade core zone at the Zeus project in Nevada’s Clayton Valley.

An update to Winsome Resources‘ (ASX: WR1) Adina lithium project in the Eeyou Istchee James Bay region of Quebec raises the resource estimate by 33% over the previous estimate in 2023.