Albemarle profit just misses estimates on weak lithium prices
Lithium prices had fallen by more than 80% in the year up to March, according to a basket tracked by Benchmark Mineral Intelligence.
Lithium prices had fallen by more than 80% in the year up to March, according to a basket tracked by Benchmark Mineral Intelligence.
CV5 holds 109.2 million inferred tonnes at 1.42% Li2O, and 160 parts per million tantalum.
The Paradox lithium project, owned by the Anson Resources' unit A1 Lithium, has a production capacity of about 10,000 tpa.
The company is eyeing an initial resource for Q3.
Tianqi Lithium founder Jiang Weiping has resigned as chairman after the battery material producer reported its biggest ever quarterly loss.
The company’s resource update for Bandeira, northeast of Araçuaí, outlined measured and indicated resources of 23.7 million tonnes.
Lithium in Chile is currently mined only in the Atacama salt flat.
The company said it will now direct its focus on engineering and permitting, and at the same time, advance funding discussions.
Saudi Arabia is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector.
Despite bullish long term forecasts, the metal has been languishing near two-year lows as demand fails to keep pace.