Stubbornly resilient lithium supply remains hurdle to recovery
Lithium prices have plunged since late 2022 on oversupply and slower-than-expected growth in electric vehicle demand.
Suncor Energy announced that oil sands production was approximately 312,000 bbls/d lower after unplanned maintenance at its Oil Sands Base plant in early November.
The company said the issue was resolved and the plant recovered, producing over 380,000 bbls/d.
The company also said that oil sands production for 2012 will be at the lower end of the guidance range of 325,000 to 340,000 bbls/d.
The company also announced progress with its in situ facility.
“Firebag 4 was safely commissioned during the third quarter, approximately three months ahead of the original schedule. The Firebag complex exited the month of November producing approximately 130,000 barrels per day (bbls/d),” wrote the company.
Image by Loco Steve
