Li-FT’s first Yellowknife lithium drill assays impress
Key results include 1.3% lithium oxide over 35 metres, including 1.58% over 27 metres.
Key results include 1.3% lithium oxide over 35 metres, including 1.58% over 27 metres.
Eramet said last month that Glencore was among parties to have expressed interest in helping finance its lithium production in Argentina.
Phase one of the project in Saskatchewan includes an after-tax IRR of 48.5% and an after-tax NPV of $1.0 billion.
“There is opportunity for consolidation” in the sector, which is dominated by small and mid-sized producers, its managing director said.
The production of lithium and nickel can produce vastly different emissions profiles.
Earlier in July, Exxon Mobil Corp. CEO said the company is also exploring opportunities to produce lithium.
Shares in Tianqi Lithium, YongXing Special Materials Technology, and Ganfeng Lithium slid to the lowest in at least a year.
Country issued a prohibition order stopping Austroid Corporation from acquiring an additional 90% of lithium miner Alita Resources.
The new figure compares with a previous estimate of 21 million metric tons.
Chinese prices of lithium carbonate, a refined form of the metal, have halved from a peak in mid-November as supply pressure eased.