MP Materials profit beats expectations on rising output, pricing
US-based rare earths miner MP Materials Corp posted a higher-than-expected quarterly profit on Thursday due to rising production and prices for the metals used to make electronics.
In the past two years, Cat has been working on growing its offering, particularly in the underground segment, as well as filling up some gaps in terms of trucks sizes.
The deal will see Altura supply Ganfeng with 8,000 tonnes of 6-percent spodumene concentrate this year and a minimum of 70,000 tonnes per year from 2019 to 2021.
Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries.
While lithium giants like SQM and Albemarle tangle with one another over scarce lithium brines and water, a beautiful lithium mine in Nevada’s Clayton Valley is taking shape.