Surge in lithium stocks raise hope rout in EV metal almost done
Tianqi Lithium and Ganfeng Lithium closed up 6.5% and 7%, respectively, in Hong Kong on Wednesday.
Tianqi Lithium and Ganfeng Lithium closed up 6.5% and 7%, respectively, in Hong Kong on Wednesday.
The proposed mine, if built, would become one of North America's largest sources of lithium for electric vehicle batteries.
The state-owned ore processing company said it will be in a position to choose a partner for a sprawling lithium project by mid next year.
Geothermal waters in the Rhine Valley along the French-German border have attracted investments both for renewable energy and potential lithium resources.
Following completion of stage one, Liontown can own up to a 51% interest in the Mulwarrie and Mulline lithium prospects.
The company will partner with Chengxin and Yahua, suppliers of lithium hydroxide to Tesla, BYD, and LG.
Lithium carbonate prices in top consumer China could fall by more than 30% next year.
Key moves in the mining sector.
Livent's facility in Bessemer City, North Carolina, has increased its capacity by 50% in recent years due to increased demand for EVs.
Africa's top lithium producer last year banned the export of lithium ore and has imposed a 5% export tax on concentrates.