Zimbabwe lithium excites but projects face funding hurdle
President Emmerson Mnangagwa has been trying to shore up foreign investor interest in a country rich in mineral resources but starved of capital.
President Emmerson Mnangagwa has been trying to shore up foreign investor interest in a country rich in mineral resources but starved of capital.
The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.
The deal is for an initial three-year term on a "fixed-price take-or-pay basis."
Argosy's Rincon project in northern Argentina will start producing 500 tonnes per year of lithium carbonate equivalent (LCE) next month.
The experts developed a new process for creating lithium metal that may boost the energy and capacity of rechargeable batteries.
The world’s largest potash miner said it expected to have an announcement on the matter by the end of June.
Australia's Lithium Power International and Canada's Bearing Lithium have sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims.
Zimbabwe Mines Minister Winston Chitando said the country would generate revenue of $1.4bn over eight years from the Kamativi lithium project.
Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.
Kidman Resources has chosen a site in Kwinana, Western Australia with Chilean joint venture partner SQM to develop a lithium processing plant.