Nemaska Lithium fights bankruptcy amid market glut
It has filed for creditor protection, following several months attempting to find new investors to continue operations.
It has filed for creditor protection, following several months attempting to find new investors to continue operations.
Last month, Mineral Resources said its JV with Albemarle had decided to pause operations at the Wodgina Project.
The world's largest producer of the battery metal is betting on the massification of electric vehicles.
The discussions are with Uranium One, a wholly owned subsidiary of the Russian state nuclear energy firm.
Battery minerals are set to become the new oil, and battery supply chains the new pipelines.
Palisade Radio recently interviewed Andrew Miller, Head of Price Assessments at Benchmark Mineral Intelligence, who shared his thoughts on the market for battery metals.
Chile is looking to develop two lesser-known deposits of the mineral needed to power a global push into electric cars.
Ecopro BM, South Korea's largest ev battery cathode producer, will develop a downstream processing facility with Blackstone's Ta Khoa nickel project in Vietnam.
Maricunga is less than 5% the size of the lithium-rich Salar de Atacama in northern Chile, but high-grade deposits of the battery metal makes it attractive to miners.
North American Lithium (NAL), backed by top battery maker Contemporary Amperex Technology, halted operations last year at its Quebec mine and obtained creditor protection in May.