Brazil’s Sigma Lithium to list in Toronto next week
The Brazil-based lithium mine developer eyes a wave of demand for the metal used in rechargeable batteries for iPhones and electric cars.
The Brazil-based lithium mine developer eyes a wave of demand for the metal used in rechargeable batteries for iPhones and electric cars.
Mining services provider Mineral Resources Ltd on Tuesday said it was looking to sell a minority stake in its Wodgina Lithium mine in the west of Australia.
Australian lithium producer Galaxy Resources said it was evaluating “strategic options” for its project in Argentina, which remains in the feasibility stage.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
If China’s Tianqi grabs a stake in Chile’s SQM, the world’s lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile’s government has said.
Soc. Quimica & Minera de Chile SA sits on the world’s richest deposit of lithium and already produces more than 20 percent of the global supply.
Along with Argentina and Chile, Bolivia is part of South America's so-called "lithium triangle."
The South American nation hopes to sign a deal with a foreign partner after a decade of state-led development left output far short of goals for the metal.
"There is a legitimate concern on the side of the vehicle manufacturers."
When it comes to new lithium mine supply how soon is now?