lithiuminvesting
The European Union (EU) has reached a deal with Serbia to secure supply of lithium following the reinstatement of Rio Tinto’s (ASX:RIO,NYSE:RIO,LSE:RIO) license for its Jadar lithium project. Lithium is critical for electric vehicle (EV) production, and the arrangement is seen as a strategic move to enhance the EU's self-sufficiency in raw materials that are essential for the green transition. The 2022 decision to revoke Rio Tinto’s license for Jadar was overturned by a court ruling on July 11. The July 19 agreement between the EU and Serbia was overseen by German Chancellor Olaf Scholz and Se...
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Global demand for lithium-based power presents a significant opportunity for Australia, the top lithium-producing nation. As countries and companies establish their positions in the battery value chain, Australia has the ability to leverage its strong output and vast reserves to shape the industry landscape into the 2030s. The future of lithium demand relies heavily on the growth of the electric vehicle (EV) market, and in recent years its rapid expansion has led to much higher mining of the commodity — so much so that the market has entered a surplus. This oversupply kept lithium prices subdu...
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Although electric vehicle (EV) sales have trended steadily upward over the last five years, industry experts present at Fastmarkets' Lithium Supply and Battery Raw Materials Conference are concerned that high price points, continued range anxiety and geopolitical tensions could impede future market growth. Although EVs gained market share last year, accounting for 18 percent of the 75.3 million automobiles sold, figures from the International Energy Agency show that China continues to lead other regions by a wide margin. Of the 14 million EVs sold in 2023, most new registrations were made in C...
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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, ...
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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...
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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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