China drives African lithium surge to lock in key battery metal
The continent is projected to account for almost 11% of global supply this year.
The continent is projected to account for almost 11% of global supply this year.
In the near term, the Australia-based lithium developer is aiming to bring Pad #1 at the Prairie project into production by 2025.
The troubles highlight the challenges to building new mines in Europe.
Environmentalists are planning new protests over the project.
According to the company, the Demo project will produce lithium from brines located within the Leduc reservoir.
Goldman Sachs sees lithium prices falling further in 2025.
The company posted second-quarter net income of $85.7 million.
The bid comes as prices for lithium have tumbled in the past year.
Serbian top court ruled last month that the government's decision in 2022 to revoke Rio Tinto's permit for the Jadar project was unconstitutional.
Park has served as the president at a unit of Koch Industries, Standard Lithium's biggest shareholder.