Sigma Lithium to start civil works at vast Brazilian project
Grota do Cirilo is the largest hard rock lithium project in the Americas, slated to produce 440,000 tonnes of concentrate per year by end of 2023.
Grota do Cirilo is the largest hard rock lithium project in the Americas, slated to produce 440,000 tonnes of concentrate per year by end of 2023.
The partners now expect first production from the idled lithium mine in May, to respond to "unprecedented” demand for the battery metal.
The lithium refinery will be designed to accept concentrates from several pegmatite projects in Ontario's North.
Lithium carbonate in China jumped about 472% from a low last June to a record high on March 15.
Should the country’s pro-mining president be re-elected, Rio Tinto could have a chance to have the licence for its Jadar project reinstated.
The battery-making ingredient is about 500% more expensive than a year ago as demand for electric vehicles has accelerated.
The move comes at a time when India is offering $2.4 billion of incentives for companies to build battery cells locally for electric vehicles.
Researchers at Uppsala University say some bottlenecks need to be eliminated to improve the performance of lithium-sulphur batteries.
The $825 million acquisition of Rincon gives Rio Tinto a large undeveloped lithium brine project located in the heart of South America's lithium triangle.
Electric vehicle battery makers will need to raise prices by almost 25% due to soaring lithium carbonate prices, said the bank.