Fake Tesla release sends lithium miner’s stock on a wild ride
Screenshots of the bogus press release about a deal had been shared earlier on Twitter.
Screenshots of the bogus press release about a deal had been shared earlier on Twitter.
President López Obrador will send a bill to Congress on Monday if reform tightening state control of the energy sector is not approved.
Lithium prices seem to be losing momentum in China, as the nation’s worsening coronavirus outbreak has upended the electric-vehicle supply chain.
The deal is a major bet by Ford on direct lithium extraction (DLE), a relatively new breed of technologies that filter the metal from brines.
The updated economics demonstrate that Phase 1 is financially robust, even as a standalone project.
AMLO warned that if Congress does not approve a constitutional reform on electrical matters, he will push for a rewrite of the country’s Mining Law.
There is no shortage of the element itself, as lithium is almost everywhere on Earth, but pace of extraction/refinement is slow, Musk said in a Tweet.
The company is advancing three North American projects comprising the main types of lithium mineralization.
DLE technologies would challenge traditional miners such as Albemarle and prospective miners like Lithium Americas.
Grota do Cirilo is the largest hard rock lithium project in the Americas, slated to produce 440,000 tonnes of concentrate per year by end of 2023.
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