Tianqi has first loss in 5-1/2 years as lithium prices crash
Chengdu-based Tianqi reported a net loss of 53.9 million yuan ($7.62 million) for July-September 2019, versus net profit of 379.7 million yuan a year earlier.
Chengdu-based Tianqi reported a net loss of 53.9 million yuan ($7.62 million) for July-September 2019, versus net profit of 379.7 million yuan a year earlier.
The miner will be extracting lithium from the tailings of its California Boron mine.
Surface access was successfully negotiated in early 2019 with the Turi Indigenous Community.
The Canadian miner shipped spodumene from Manitoba to Guangxi.
The subsidiary of Russia’s state nuclear company Rosatom may buy up to a 51% interest in Atacama lithium project, located in an area that hosts more than 15% of the world’s known reserves of the battery metal.
Sonora is regarded as one of the world’s larger known clay lithium deposits.
So far, public and private initiatives in Argentina, Bolivia, Brazil and Chile have failed to deliver even a single lithium cell factory.
The Canadian miner just got a Fiscal Stability Certificate.
Lithium phosphate from spent lithium-ion batteries is being used to create high-quality cathode material.
If it reaches commercial production, the battery could make Tesla's robot taxis and long-haul electric trucks viable.