Lithium price: Worst may be over for Australian producers
New Benchmark lithium industry assessment has some good news for besieged hard rock miners.
New Benchmark lithium industry assessment has some good news for besieged hard rock miners.
Germany's ACISA, which employs just 20 people, was created solely to focus on building the now botched lithium mine in the Salar de Uyuni.
Australian lithium producers had earlier this year flagged weak market conditions for the rest of 2019 amid reduced demand from Chinese customers.
The Calgary-based miner submitted an exploration drilling notice of work for its Turi project.
Circular Energy Storage predicts the world will generate around 1.2 million tonnes of battery waste per year by 2030.
The LME is planning a lithium contract, and in June selected Fastmarkets to provide a reference price, but has given no timeline for an official launch.
Savannah already mines feldspar, quartz and pegmatites in Barroso, a mountainous region in the north of Portugal.
Albemarle, SQM and other lithium producers have been scaling back expansion plans as near-term oversupply concerns drag on prices.
The company now expects adjusted earnings per share in the range of $6.00 to $6.20 in the year, compared with its previous estimate of $6.25 to $6.65.
Australian lithium producers have been cutting supply amid plummeting prices in recent months.