Lithium and cobalt use in consumer electronics to rise mildly
The global smartphone market accounts for the largest consumer electronics segment, accounting for around half of its market share.
The global smartphone market accounts for the largest consumer electronics segment, accounting for around half of its market share.
Playbook follows success in the iodine market
Canadian company is focused on unlocking the value of existing large-scale US based lithium bearing brine resources that can be brought into production quickly.
The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.
While lithium and potash are often found in the same deposits and mined together, the increasing number of projects aimed at producing the white metal shouldn’t have an impact in the potash market.
The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.
Peruvian President Martin Vizcarra says his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine.
MGX plans to drill and test for lithium deposits from CLS' three sites, Francisco Basin, Laguna Brava and Laguna Escondida, with the goal of bringing its rapid extraction system to the heart of the lithium triangle.
Exactly six months after hinting at the possibility of opening shop in Chile, MGX Minerals is acquiring 50 per cent of the issued shares of Chilean Lithium Salars.
The value of exports of the metal from Chile, one of the world's top producers of lithium, jumped 51 percent in the first seven months of the year.
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