martes, 15 de mayo de 2018

Nutrien speeds up sale of $4bn-stake in Chilean lithium giant SQM

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Potash News Digest
Wednesday 16 May 2018
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The world's largest potash miner said it expected to have an announcement on the matter by the end of June.

Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.

Australian lithium producer Galaxy Resources said it was evaluating "strategic options" for its project in Argentina, which remains in the feasibility stage.

If China's Tianqi grabs a stake in Chile's SQM, the world's lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile's government has said.

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Davenport Resources reported a maiden Joint Ore Reserves Committee-compliant resource of 576.6-million tonnes at 12.1% potassium oxide at its Ebeleben mining licence.

What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.

ICL, which also produces about a third of the world's bromine, is the world's sixth-largest producer of the fertilizer ingredient.

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