CME’s lithium contract volumes thrive after price slump
CME's lithium hydroxide contract is cash-settled, therefore easy to use as hedgers do not need to worry about taking delivery of unsuitable grades.
CME's lithium hydroxide contract is cash-settled, therefore easy to use as hedgers do not need to worry about taking delivery of unsuitable grades.
An environmental impact study will be filed for an exploration program to be completed on Block IV during the year.
The Western Australia-based junior entered the ASX on the right foot, having raised A$15 million ($10m) on a heavily oversubscribed IPO.
A critical review of current developments in the global lithium industry and key takeaways by Chris Williams, Analyst at Adamas Intelligence.
It also flagged a write-down on the value of its assets as the effect of weak prices for the battery material becomes evident among producers.
Australia, which mined about half the world’s lithium in 2022, forecasts the spot price of spodumene will fall to $2,200 per tonne in 2025.
Baseline capital expenditures are estimated at $749 million, including $44 million to be spent on additional exploration and permitting.
The company completed 34,238 metres of drilling at the Yellowknife project last year.
Lithium miners and the government have been holding meetings to explore potential public-private partnerships.
Tama Atacama is one of the largest lithium brine projects in South America, covering about 1,200km2 across three Chilean salt flats.