BHP to keep Nickel West, Rio looks to Jadar lithium for battery boom
The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology.
The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology.
No decision will be made until the end of 2020, when the company expects to have completed a study on the Jadar, which is estimated to contain 10% of the world's lithium reserves.
Talison Lithium, a partnership between China’s Tianqi and U.S. group Albemarle, obtained an environmental approval for the A$516-million ($361m) expansion of the Greenbushes mine in Western Australia.
The world's largest producer of lithium has teased the industry for more than a year that it has production-enhancing technology.
The world's largest producer of lithium used to make electric vehicle batteries posted a better-than-expected quarterly profit on Wednesday.
Chile exported lithium carbonate at an average price of $12,183 per tonne, 0.9% down from the same period a year earlier.
Lithium prices remain under pressure despite new report showing record 9.8GWh of battery capacity was deployed globally in March.
Wesfarmers' bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday.
Among the commitments in the deal, the investor may earn into the option for the project by constructing a $20 million pilot plant for the processing of lithium brine.
The offer of A$1.90 per share represents a premium of 47.3% to Kidman's last closing price.