lithiuminvesting
Demand for lithium is expected to grow in the next 10 years as electric vehicle proliferation continues and the energy storage sector expands. While experts are optimistic about the market’s medium- and long-term fundamentals, the current market oversupply and weak EV sales have weighed on prices over the last year. Although prices have remained subdued through 2023 into 2024, investor interest in the battery metal market has grown, which was evident at Fastmarkets’ 2024 Lithium Supply and Battery Raw Materials conference. The four-day event saw record attendance, with more than 1,100 attendan...
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Privately owned explorer Saga Metals has announced the execution of an option to joint venture agreement with Rio Tinto Exploration Canada (RTEC) for its Legacy lithium project in Québec, Canada. Announced on Wednesday (July 3), the deal outlines the terms under which RTEC can acquire up to a 75 percent interest in the asset through staged investments and exploration expenditures. The Legacy lithium project, located in the Eeyou Istchee James Bay region of Québec, is comprised of 663 claims covering 34,243 hectares and features 100 kilometers of striking paragneiss. Under the agreement, RTEC, ...
Investing News Network
There are many companies vying to produce the direct lithium extraction (DLE) technology of choice, but privately owned Gradiant is one of the few that is taking a water-first approach. Speaking with the Investing News Network (INN) at Fastmarkets' Lithium Supply and Battery Raw Materials Conference, held in Las Vegas from June 24 to 27, Anurag Bajpayee, co-founder and CEO, and Prakash Govindan, co-founder and COO, explained the company’s water-first philosophy and highlighted Gradiant’s current endeavors. The water-focused company is the brainchild of both Bajpayee and Govindan, who founded t...
Investing News Network
SQM (NYSE:SQM) plans to choose one or more direct lithium extraction (DLE) technologies by next year. The decision, confirmed by Carlos Diaz, SQM's lithium division head, at Fastmarkets' Lithium Supply and Battery Raw Materials Conference, held in Las Vegas from June 24 to 27, comes as part of a broader effort to expand production of lithium, a crucial metal for electric vehicle batteries, in the Salar de Atacama region. "We would like to have multiple (DLE) solutions," Reuters quotes Diaz as saying. "It's difficult to choose one that is going to fit and be suitable for all kinds of different ...
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The S&P/TSX Venture Composite Index (INDEXTSI:JX) lost 3.38 points last week to close at 570.71. Statistics Canada released its mining statistics for 2022 this past Thursday (June 20). The data shows that metal ore mining brought in C$39.11 billion to the economy for the year, an increase of around C$636.8 million from 2021. Leading the way were the base metals copper, nickel, lead and zinc with C$13.2 billion in combined revenue; nickel-copper ore mining headlined the section with revenue of C$7.23 billion. Its own category, iron ore mining brought in C$10.65 billion in revenue, while revenue...
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The decision to list on the ASX is a significant strategy for Cleantech Lithium (AIM:CTL), according to Steve Kessler, the company’s executive chairman and interim CEO. Already listed on the AIM market in the UK, the company recognises the advantages of dual listing in Australia, a country well-versed in mining and resource investments. “There's deeper pools of finance available in Australia for mining and resource stocks,” Kessler explained. "And there's a greater knowledge of mining amongst the retail public, particularly in lithium." Australia’s familiarity with lithium means there is natur...
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Fastmarkets' first Lithium Supply and Battery Raw Materials Conference was held in 2009 in Santiago, Chile, emerging amid the financial crisis and providing vital insights into the booming lithium market. Now in its 16th year, the event has consistently attracted influential figures from the battery raw materials industry, offering excellent networking opportunities while maintaining a global perspective. Held in cities such as Toronto, Buenos Aires, Shanghai, Montreal and Las Vegas, the conference has evolved to enhance the delegate experience, featuring visits to mines and lithium facilities...
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The oil and gas sector has long been one of the Earth's largest and most valuable industries, but it's undergoing major changes to compete in the green energy transition and remain profitable. At last year's COP28 summit, nations signaled a definitive shift away from fossil fuels, marking a potential "beginning of the end" for the era. While ambitious, the reality is more complex. Oil and gas aren't disappearing anytime soon — in fact, the industry is projected to rake in revenue of US$5.3 trillion in 2024, with daily consumption of 103 million barrels. Indeed, petroleum remains the lifeblood ...
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SQM (NYSE:SQM) announced that its subsidiary SQM Salar has entered into a long-term agreement to supply Hyundai Motor (KRX:005380) and Kia (KRX:000270) with lithium hydroxide. The partnerships with two of South Korea's leading electric vehicle (EV) manufacturers strengthens top lithium miner SQM's position as a major supplier to the rapidly growing EV industry. "We are incredibly proud to announce this supply agreement with HYUNDAI and KIA," said Carlos Diaz, CEO of SQM Salar, in a press release on Monday (June 17). "By providing these world-leading EV manufacturers with high-quality battery-g...
Investing News Network
The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 14.16 points last week to close at 574.09. Markets saw a significant recovery this past Wednesday (June 12) following the release of the latest US consumer price index (CPI) data and the US Federal Reserve’s interest rate policy decision. The May CPI figures show a 0 percent change month-on-month and a 3.3 percent increase on an annual basis. Those are declines from April’s 0.3 percent monthly increase and 3.4 percent year-on-year figure. The improved inflation data wasn’t enough to sway the Fed, and after wrapping up its meeting it said i...
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