Blade runners: how LFP batteries brought EV metal markets back to earth
In a few short years, LFP batteries crushed nickel and cobalt mining markets and new technology could do the same to lithium.
In a few short years, LFP batteries crushed nickel and cobalt mining markets and new technology could do the same to lithium.
It also flagged a write-down on the value of its assets as the effect of weak prices for the battery material becomes evident among producers.
Australia, which mined about half the world’s lithium in 2022, forecasts the spot price of spodumene will fall to $2,200 per tonne in 2025.
Baseline capital expenditures are estimated at $749 million, including $44 million to be spent on additional exploration and permitting.
The miners' union expressed concern about the construction workers' plans to force their way into the mine on Jan. 9.
Teck will have the option to acquire an 80% interest in La Coipita by funding cumulative exploration expenditures of $20 million over a five-year period.
First gold production from the Salares Norte project in Chile is now expected in the second quarter of the year.
The PEA outlined a long-life gold-silver mine operation with strong economics, including an after-tax net present value of C$454 million.
The three most violent municipalities in Venezuela are located in the southeastern Bolívar state mining area.
Highlights of the results include 3 metres grading 1.8% lithium oxide.