The world needs more batteries — but not this many

Revenue of the Dutch company decreased 21% year-on-year to $358 million in the first quarter.

The board of the miner approved the proposal to acquire 40% of the Goulamina project from Leo Lithium.

The combined indicated open pit resources increased by 12.4 million tonnes or 37% to 46.2 million tonnes.

The iodine and bromine-based aqueous battery showed an energy density of 1200 watt-hours per liter, surpassing the 700Wh/L of non-aqueous lithium batteries.

SQM has been in talks with Codelco since last year over a potential partnership to mine the key battery metal.

The group, owned by Eramet and Tsingshan, is set to inaugurate its first lithium carbonate plant in the northern Argentine province of Salta.

The US producer aims to hold more auctions in China as well as other geographies such as Australia while adding lithium hydroxide to its offerings.

The miner is developing the Ewoyaa project, which will be Ghana’s first lithium operation.

The company needs to spend at least $1 billion a year to maintain its assets, its CEO said.