SQM profit down 63%, anticipates continued weak lithium prices
The world's second-biggest lithium producer expects the downward trend in the metal's prices to continue for the rest of the year.
The world's second-biggest lithium producer expects the downward trend in the metal's prices to continue for the rest of the year.
The global market is forecast to post a surplus of 117,000 tons of lithium this year.
The companies will assess the technical and economic criteria of a commercial lithium metal battery facility.
The deal is among the latest in the direct lithium extraction sector.
The Pastos Grandes project is a lithium brine development located in the same basin as Ganfeng Lithium’s Pozuelos-Pastos Grandes project.
The project aims to help E3 Lithium achieve its goal of producing battery-grade lithium carbonate from Alberta’s brine resources.
The new licences are largely contiguous with those held by Sibanye-Stillwater at the Keliber project.
Open interest has continuously hit record after record since April.
Although lithium prices remain low, and recent market volatility has caused confusion, Ken Brinsden sees reasons for optimism.
The Chile-focused explorer and direct lithium extraction enthusiast will also seek $13m in capital funding.