martes, 16 de octubre de 2018

Europe to spend billions on lithium-ion battery plants

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Battery Metals News Digest
Wednesday 17 October 2018
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The goal is to reduce reliance on batteries from Asia, particularly China and South Korea.

CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.

Deputy Minister Fuziah Salleh, a long-standing critic of Lynas' plant, offered to step down from the committee reviewing the facility following criticism that she would not be impartial.

Chile expects lithium to soon become its second largest mining asset, just behind copper. It's currently the country's fourth biggest export.

A White House/US Department of Defence (DoD) report has recommended direct investment in companies developing domestic sources of graphite and the Canadian junior is one of them.

The country's antitrust court has approved a deal between the competition regulator and Tianqi, allowing the Chinese miner to buy a nearly one-quarter stake in lithium producer SQM .

With this development, the Australian miner has now produced both lithium carbonate and lithium hydroxide from Paradox, its flagship project.

Mining at the project in the Pacific nation will start in December, with ore shipments expected to begin in the first quarter of next year.

The newly-elected coalition government is said to be ready to launch a three-month evaluation of Lynas' rare earths processing plant, which may end with authorities denying the company's operating license renewal in Sep. 2019.

"To build a gigafactory of vanadium flow batteries, companies will need to own a mine or lease the fully recyclable vanadium" – Simon Moores.

Company wants to make sure the mine is in production when the demand and price of graphite takes off, as predicted.

The ENAPAC project is meant to serve mainly the mining industry, which is very active in Chile's dry, but copper and lithium-rich north.

Deal will see China's No.1 producer of lithium supplying 20 percent of its production to the electric cars maker.

Until now, the Australian miner had been advancing exploration projects in Latin America focused mainly on gold, but with significant exposure to copper, molybdenum and zinc.

Dutch battery maker Lithium Werks BV, founded earlier this year, is investing 1.6 billion euros ($1.85 billion) in a massive lithium-ion cell factory in China as demand for batteries is surging.

E-bikes would require compact, lightweight, and reliable lithium-ion batteries similar to those that power everything from iPhones to Teslas.

On Oct. 11, Chile's Constitutional Court put the brakes on a $4 billion deal allowing the sale of A 24 percent stake in SQM to China's Tianqi Lithium Corp.

The Yangibana Project will be Hastings' first Rare Earths Project on the Australian continent, containing substantial Neodymium and Praseodymium resources. The Project currently spans approximately 650 square kilometers and is located in the Gascoyne region of Western Australia, some 250 kilometers north east of Carnarvon, and will supply the growing demand for new technology metals.

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