martes, 18 de diciembre de 2018

Germany secures access to world's second-largest lithium deposit

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Battery Metals News Digest
Wednesday 19 December 2018
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The partners expect to produce up to 40,000 tonnes of lithium hydroxide per year beginning in 2022.

The Canadian junior miner is taking advantage of a window of opportunity presented by a local drill company to complete two holes prior to the Christmas break.

The joint venture will allow the American lithium producer, the world's No. 1, to expand its presence in Australia.

The company plans to move forward with the plan only once the feasibility study at its Zinnwald project is completed, in the second quarter of next year.

Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years

The Australian rare earths miner said it was disappointed with Malaysia's decision to impose new conditions on its licence to operate in the country, adding it was considering all options, including legal action.

Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say.

The shutdown of the controversial plant could see the Australian rare earths producer take a A$16 million hit.

It is already being called by some experts "the thickest high-grade copper intersection seen in years."

The country's state development agency says Albemarle has failed to provide as much as 25% of its annual production at a discount to companies seeking to produce battery metals within Chile, as stipulated in a contract signed in 2016.

Mineral Resources shares spiked on the news, closing Thursday 26.6% higher at A$15.76.

Various international groups had expressed interest in exploring for lithium in Portugal, which is the world's sixth-largest lithium producer, and Europe's biggest.

Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.

The settlement unlocks payments by SQM that had been on ice during the dispute, and paves the way for development to get back on track

Experts agree that resources are the missing link in the climate debate.

The Star and Porcher vanadium properties cover a combined 67.4 sq. km in northwest B.C., near the small logging community of Oona River on Porcher Island.

At 17.9% graphitic carbon, the Lac Gueret deposit is likely one of the highest grade graphite deposits in the world.

Supply scarcity and the resulting price volatility are the two biggest hurdles to vanadium's potential bright electric future.

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