Pilbara Minerals delivers first profit on lithium boom

The land is located in the northern area of the giant Salar del Hombre Muerto salt flat.

Worldwide there are over 30,000 exploration projects.

They deposited copper on the ion-bombarded graphite.

PREMIUM CONTENT - Although Lithium Chile (TSXV: LITH) has been a lithium-focused company since 2015, that wasn’t always the case. It went public in 2011 under the name Kairos Capital, and did so with six copper-gold prospects in Chile.

While lithium today isn’t the linchpin of Chile’s economy (that would be copper), miners are aggressively expanding production.

SQM, world no 3 lithium miner, plans to nearly quadruple capacity in fewer than three years – to the equivalent of 84% of global output last year.

McKinsey asks if the availability and rising prices of cobalt, lithium, copper and nickel will constrain greater electric vehicle penetration.

In a written decision, it said it was "the responsibility of the lower-court judge" who is reviewing the case and was not a constitutional issue.

However, the Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 8% in the three months to March 2018.