Zijin Mining to acquire Neo Lithium in $737m deal
In August, Chinese gold and copper miner Zijin said its plan on lithium and other new energy minerals were in a preliminary strategic planning stage.
In August, Chinese gold and copper miner Zijin said its plan on lithium and other new energy minerals were in a preliminary strategic planning stage.
Stellantis, Bill Gates' Breakthrough Energy Ventures and others have invested millions of dollars or signed supply agreements with so-called direct lithium extraction (DLE) start-ups.
Thacker Pass, in Humboldt County, Nevada, is considered to be the largest known lithium resource in the US.
At his regular morning news conference, Lopez Obrador stressed that Mexico's lithium should be developed exclusively by the government.
Bacanora sees enough in the proposal submitted to Congress last week to carry on with development given early construction work had already started.
A number of acquisitions of lithium miners have been announced in recent months.
Lilac is part of a growing number of technology developers seeking to extract lithium from saltwater brines faster, cheaper and with less water than evaporation ponds.
Demand for the material used in electric cars and renewable-energy storage has soared and, while miners are seeking to boost supply, there’s not enough to meet consumption.
Miners are racing to raise money and expand projects, with global demand for the electric-vehicle battery metal set to soar in the coming decade.
President López Obrador last week submitted proposed reforms, which include keeping future lithium extraction in the hands of the State.