Lithium price plunge is pitting Cathie Wood against sector veterans
Lithium carbonate in China has tumbled almost 30% since touching a record in November.
Lithium carbonate in China has tumbled almost 30% since touching a record in November.
Earlier this month its chief executive told press the developer had around 200,000 tonnes of spodumene to sell.
Studies suggest Mexico may have some 1.7 million tonnes of lithium.
Sigma’s biggest shareholder has been exploring a potential sale of the company and gauging interest from miners and carmakers, sources say.
Ghana's state-owned Minerals Income Investment Fund plans to take an equity stake in Atlantic with up to a $30 million investment.
LG Chem will purchase 1,096,535 newly-issued shares of Piedmont common stock for $75 million.
Chinese lithium customers are not slowing orders and the country's stockpiles of cathodes and battery parts are decreasing.
The company posted net income of $1.13 billion, compared with a loss of $3.8 million the year-ago period.
The move has attracted skepticism as to whether Mexico can commercially extract its lithium.
Demand for lithium batteries in the United States is expected to grow more than six times.