Lithium’s ongoing slump has traders searching for recovery signs
Spot prices of lithium carbonate in China have slid to the lowest since August 2021.
Spot prices of lithium carbonate in China have slid to the lowest since August 2021.
Currently, there is an existing contract signed for Yahua to supply 63,000 to 88,000 tonnes of lithium hydroxide to Tesla from 2021-2025.
The United States’ great hope for domestic lithium supply could lie in the massive-scale, long-life sediment-hosted deposits in its southwestern region.
The Chilean lithium miner can earn up to a 70% interest in Aero, which will grant it a foothold in the European market.
A pre-feasibility study by the company determined production at Pilgangoora could increase to more than 2 million tpa.
Project Lonestar Lithium will have a target production of 5,000 tons/year in Phase 1, and 25,000 tons/year in Phase 2, the company said.
CEO Emanuel Proenca said the cash injection from and partnership with the Dutch miner was a “huge de-risking step” for the project.
Only a tiny part of the Galinée property has been explored for lithium to date, according to Azimut.
The guidelines, following a proposal in May, will help firms scale back manufacturing projects that only expand production capacity.
Tianqi, which holds about 22% of SQM shares, has repeatedly called for a vote by all shareholders.