Glencore, Managem to produce cobalt from recycled batteries

According to minister Aurora Williams, miners with operations in the country currently spend $20 billion on support services a year and figure is set to increase.

According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a year until 2023.

The deal confirms the company’s tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the Paso Lithium Brine Project.

The Vancouver-based company fell the most in nearly two years Wednesday.

Zimbabwe is keen to attract investment after Mugabe era and is already Africa's top lithium producer.

Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry.

South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.

“Look at what’s required over the next 50 years, 60 years, and known lithium on the planet, I don’t think it’s as much as everyone understands it to be.”

Garibaldi Resources beats out tech, energy, life sciences firms for Toronto market's annual crown with 2,351% market cap gain and 150m shares traded.