Mineral Resources flags further interest in Essential Metals
The company expects spodumene FOB cost to be between A$1,200 and A$1,250 per tonne for fiscal 2023.
The company expects spodumene FOB cost to be between A$1,200 and A$1,250 per tonne for fiscal 2023.
Black mass is the shredded material that comes from used batteries, which can include lithium, cobalt, and nickel.
LC23-51 intersected two lithium pegmatites zones including a 10-metre-wide section of 1.03% lithium oxide at 118 metres drilled depth.
The new financing vehicle could start next year if the ruling coalition agrees on the funding.
SQM, the fertilizer-turned-lithium giant, runs the planet’s biggest and most profitable brine operation in Chile’s northern desert.
The company is setting targets for its new Caserones mine and waiting to expand its existing Candelaria mine.
Tianqi dropped its $91 million plan to buy Essential after it failed to secure the backing.
The reforms would require miners to give back at least 10% of profits to communities and disclose the impacts of their operations.
“In the last year, energy security has trumped sustainability,” says Wood Mackenzie.
Company reported an 83% jump in revenue that well outdid market expectations.