Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.
Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.
If China’s Tianqi grabs a stake in Chile’s SQM, the world’s lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile’s government has said.
Davenport Resources reported a maiden Joint Ore Reserves Committee-compliant resource of 576.6-million tonnes at 12.1% potassium oxide at its Ebeleben mining licence.