Top producer says lithium prices to keep falling
Oversupply of lithium hydroxide to start easing next year, but spodumene miners won't catch a break soon, says Australia's chief economist.
Oversupply of lithium hydroxide to start easing next year, but spodumene miners won't catch a break soon, says Australia's chief economist.
The lowest lithium prices in over two years are hampering a handful of miners that want to challenge China’s dominance in the market.
The Caucharí-Olaroz lithium project is now expected to produce 40,000 tonnes of battery-quality lithium carbonate annually for 40 years.
Australian lithium producers have been facing difficulties in cutting supply amid plummeting prices due to lower demand from Chinese customers.
Company will use the funds to expand its ongoing drilling work in the ancient mining region of Cornwall, south-west England.
The PAK project has both pit and underground reserves totaling 5.7 million tonnes grading 2.0% lithium oxide.
Co-products will initially be sold to ceramics industry customers in Portugal and Spain.
Lithium Americas said it now plans to spend $400 million on the first phase of its Thacker Pass project with output of 20,000 tonnes of lithium annually.
The shipment landed at Eureka Resources’ Standing Stone advanced wastewater treatment facility.
The deal marks the second major customer win for Tianqi in a little more than a month.