EVs have lithium booming — and this time, there is no bust in sight
Demand will likely outstrip production over at least the next five years, Morningstar predicts.
Demand will likely outstrip production over at least the next five years, Morningstar predicts.
Sigma Lithium is advancing among the largest hard-rock lithium deposits in the Americas at its Grota do Cirilo project, applying an environmental, social, and governance (ESG)-centric strategy.
The facility in Gwangyang is expected to cost up to $750 million.
The production would restart in the third quarter of 2022 initially.
Total resource estimate for the project now comes to 44.2 Mt at 1.08% Li2O, of which 64% is classified in the indicated category.
It estimates that committed lithium supply and capacity expansions will contribute just 15% to demand growth over the 2020-2050 period.
Lithium salts were produced using a third-party’s process technology and material from its the PAK lithium project.
Rock Tech Lithium is preparing a Nasdaq listing to broaden its investor base and help finance a $545 million battery metals plant in Germany.
The copper-producing nation, which holds the world’s largest known lithium reserves, will tender for five quotas of 80,000 tonnes each.
Zijin shares jumped as much as 8.8% in Hong Kong on Monday, and are up 17% this year.