LME to launch seven new contracts on March 11, lithium due in Q4
“We believe that these new cash-settled contracts... will help lower barriers to market entry"
“We believe that these new cash-settled contracts... will help lower barriers to market entry"
The funds will enable the company to expand activities in south-west England and to drill exploratory boreholes to extract samples of lithium-bearing brines.
The internal review found “significant errors” in CCHEN’s accounting of the sales of the world’s top lithium producers Albemarle and SQM between 1984 - 2015.
Several new Australian lithium mines started production in the past year, with global demand expected to surge on take-up of electric vehicles.
The 18-month remediation plan includes a new online system to monitor SQM's extraction rates of both brine and fresh water from beneath the salt flat.
Global demand for lithium is expected to quadruple by 2025.
Cobalt 27 will put in about $9 million into a share of production at Mineral Resources and Jiangxi Ganfeng Lithium's Mount Marion lithium project in Western Australia.
Under the contract, Albemarle had agreed to provide as much as 25 percent of its annual production at a discount to companies seeking to produce battery metals within Chile.
Automakers, governments, miners and other have increasingly lobbied officials for access to Chile's coveted resources.
But Newmont Mining prevents perfect performance for S&P 500.