Chinese iron ore miner to invest $164 million in lithium production
Hainan Mining wants to produce 20,000 tonnes per year of lithium hydroxide, a chemical favoured in lithium-rich EV batteries.
Hainan Mining wants to produce 20,000 tonnes per year of lithium hydroxide, a chemical favoured in lithium-rich EV batteries.
The Kwinana plant is expected to reach its initial 24,000 tonne per year capacity by the end of 2022.
The company reported second-quarter earnings of $89.8 million compared with $50.8 million in the year-ago period.
Pure Energy Minerals is developing the 9,450-hectare project, which adjoins and surrounds Albemarle's Silver Peak lithium brine mine.
The results come as Galaxy completes its merger with Orocobre to create the world's fifth most valuable lithium miner.
University of Münster researchers expect a reduction to $70 per kilowatt-hour by 2050 for lithium-ion batteries.
Chinese battery giant said it was planning a fundraising for six projects around China and Europe.
Rose is a high purity spodumene project, which will produce a 6% technical grade concentrate initially for the glass and ceramics industries.
The 135 members of the Salar union in Chile began a strike Wednesday after failing to reach a wage agreement in collective bargaining with management.
Pilbara’s first lithium sales attract a 45% premium.