Lithium Chile’s drilling program on track despite protests
The Calgary-based miner submitted an exploration drilling notice of work for its Turi project.
The Calgary-based miner submitted an exploration drilling notice of work for its Turi project.
Circular Energy Storage predicts the world will generate around 1.2 million tonnes of battery waste per year by 2030.
The LME is planning a lithium contract, and in June selected Fastmarkets to provide a reference price, but has given no timeline for an official launch.
Savannah already mines feldspar, quartz and pegmatites in Barroso, a mountainous region in the north of Portugal.
Albemarle, SQM and other lithium producers have been scaling back expansion plans as near-term oversupply concerns drag on prices.
The company now expects adjusted earnings per share in the range of $6.00 to $6.20 in the year, compared with its previous estimate of $6.25 to $6.65.
Australian lithium producers have been cutting supply amid plummeting prices in recent months.
Chengdu-based Tianqi reported a net loss of 53.9 million yuan ($7.62 million) for July-September 2019, versus net profit of 379.7 million yuan a year earlier.
The miner will be extracting lithium from the tailings of its California Boron mine.
Surface access was successfully negotiated in early 2019 with the Turi Indigenous Community.
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