Chile’s SQM says will boost lithium capacity by 2021
Chilean miner SQM said on Thursday that it would invest $525 million to boost its lithium production capacity in Chile through 2021.
Chilean miner SQM said on Thursday that it would invest $525 million to boost its lithium production capacity in Chile through 2021.
Alberta's E3 Metals Corp. developed a chemical extraction process that allows lithium to be produced in hours.
The Australian-listed company expects to secure more than $55 million in funding for the first phase of the Arcadia Lithium project.
There is an emerging oligopoly in one of the hottest elements on the periodic table, lithium.
SQM shares plunge after Tanqi Lithium acquisition seems to indicate cooling fervour for lithium assets.
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.
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