Eramet rues timid European banks, sees lithium plant costing $1.5 billion
Eramet aims to start producing lithium in Argentina in the second quarter of next year.
Eramet aims to start producing lithium in Argentina in the second quarter of next year.
The government also set the royalty for niobium at 3% of the average sale price, and for rare earth elements at 1% of the average sale price of rare earth oxide.
Piedmont will acquire a 19.9% interest in Vinland Lithium, which owns Killick Lithium.
Tecpetrol SA is giving shareholders in Alpha Lithium until Oct. 20 to accept a “best and final offer” that’s worth $210 million to $230 million.
Xinkuang Ganfeng Lithium was established last year for mining exploration but never started operations.
“Investors seem keen to know Rinehart’s plan,” Seth Goldstein, an equity strategist at Morningstar, said.
The exit marks at least the third shake-up of Sigma's senior management in 2023.
Alejandro Rivera has been closely involved with Codelco's lithium strategy for years.
Lithium-sulphur batteries are identified as a promising energy storage system because of their ultrahigh energy density and large theoretical capacity.
The spread offers traders an opportunity to make money, but also highlights just how bearish the outlook is in the top EV producer.