Pilbara Minerals says lithium prices may have bottomed
The lithium miner said it expects fiscal 2025 output to range between 800,000 and 840,000 tons of spodumene concentrate.
The lithium miner said it expects fiscal 2025 output to range between 800,000 and 840,000 tons of spodumene concentrate.
It achieved a lithium recovery rate of about 95% from the brine, with a total recovery of 88%.
The price of the material that’s vital to the energy transition has plunged by around 80% since late 2022.
The country, home to Rio Tinto's Jadar project, inked a series of deals granting EU members exclusive access to Serbian lithium.
The earthquake struck 45 km outside San Pedro de Atacama, northern Chile, home to the country's major copper and lithium mines.
Mercedes-Benz and Stellantis are currently in discussions with Serbia’s government to invest in the country.
The company did not name the investors, only saying they were "leading foreign British and Chinese companies in the global lithium market".
The carmakers are willing to follow Rio Tinto Group’s investment in the proposed Jadar mine.
Peak Energy received $55 million in funding to scale up production of sodium-ion batteries that the company is positioning as an alternative to the widely used lithium-ion technology.
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.