With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it’s no wonder everyone’s bullish on this golden commodity that promises to become the ‘’new gasoline”.
The nation now accounts for 10% of global lithium demand and is the fourth largest global market.
Canadian merchant bank Aberdeen International (TSX:AAB) has purchased a lithium-potash project in Argentina through a share purchase agreement valued at CAD$5 million.
The miner is seeking strategic alliances with battery or car manufacturers to underpin the development of its Jadar lithium-borate project in Serbia.
The Sonora project holds 5.0 million tonnes of lithium carbonate equivalent, which is 337% higher that the previously reported 1.14 million tonnes.
Nevada is booming as new lithium companies rush in to stake out targets and massive business development gets underway, from Tesla to Amazon and Apple.
In this interview with The Energy Report, he singles out the unloved companies that could become media darlings in the coming boom in energy metals, uranium and—eventually—oil sectors.
Tesla Motors' CEO Elon Musk has admitted the company is pursuing lithium deals in Nevada.
London-based Bacanora Minerals and Rare Earth Minerals have received the go-ahead to supply lithium hydroxide to Tesla's lithium-ion battery megafactory from its clay deposit in Mexico's north-west should the new project reach production.
The facility aims to test a new lithium minerals process developed by the company over the past year.