LiCo Energy Metals withdraws from Chilean lithium project facing community opposition
The Vancouver-based miner said that management decided to leave Purickuta due to “unworkable property conditions."
The Vancouver-based miner said that management decided to leave Purickuta due to “unworkable property conditions."
A week after cost blowout sent the stock crashing Quebec lithium mine developer Nemaska is forced to terminate major supply agreement, pay penalties.
The company has been forced to revise the budget for the Whabouchi lithium mine and Shawinigan electrochemical plant upward by C$375 million.
The action will increase Livent's sale taxes in China but give it greater access to growing markets for lithium in Japan, South Korea and elsewhere.
The company, which produces lithium in Argentina, posted net income of $25.9 million, or 18 cents per share.
Together with an industry partner, the company built a pilot plant to recycle cobalt, nickel, manganese, and aluminum.
Market for lithium-ion batteries, utilized for example in electric cars and other electric equipment, is growing at an impressive annual rate of 20 percent. Due to increasing demand, a vital raw material for these batteries, lithium, is possibly one of the most valuable minerals in the foreseeable future. But what is the best place to look for the “white petroleum”?
This deal gives Beijing a second chance in Bolivia after Xinjiang TBEA beat six rivals to partner with Bolivia on Coipasa and Pastos Grandes.
Hard rock lithium concentrate swamping China drops spodumene prices 17% in January with more pain likely.
The mine is part of the assets the Vancouver-based miner is getting as part of its acquisition of all of American Strategic Minerals' assets.