martes, 21 de agosto de 2018

Standard Lithium to speed up production in Arkansas

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Lithium & Rare Earth News Digest
Wednesday 22 August 2018
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Canadian company is focused on unlocking the value of existing large-scale US based lithium bearing brine resources that can be brought into production quickly.

The Browns Range heavy rare earths pilot plant was officially opened late last month and will make Northern Minerals the only significant dysprosium and terbium heavy rare earth producer outside of China.

Playbook follows success in the iodine market

The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium's decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile's antitrust regulator.

While lithium and potash are often found in the same deposits and mined together, the increasing number of projects aimed at producing the white metal shouldn't have an impact in the potash market.

The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.

Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.

The world's automakers "don't worry about lithium supply anymore" – Simon Moores.

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

The expansion, on top of a $238 million upgrade due for completion in April, will double the mine's production to 1.95 million tonnes a year of lithium concentrate a year from 2020.

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

The $502-million transaction makes the Chinese company Arab Potash's majority shareholder.

It has decided not to go ahead with a proposed $100-million share sale to help it fund the Mexican project.

From the $939bn invested in major projects between 2008 and 2017, the world's top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

Company aims to be the first significant world producer outside of China of dysprosium, used by electric vehicle makers in the manufacturing of engine magnets.

Company plans to complete a feasibility study next year, which will reveal whether the proposed $800 million, underground lithium-uranium mine can and should be built.

Kenmare Resources' pretax profit for the first half of the year tripled as it shipped more finished products to China and other Asian markets.

The value of exports of the metal from Chile, one of the world's top producers of lithium, jumped 51 percent in the first seven months of the year.

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