Pilbara Minerals and Galaxy both announced to postpone shipments to their Chinese offtake partners because of delays in start-up of conversion plants.
Lithium Investing News Network’s mission is to provide the latest news and quality education by helping to identify investment opportunities in the lithium markets, and helping leading companies communicate their value to investors. They invited me during Fastmarkets Lithium Markets & Supply Conference in Santiago Chile to answer a few questions and give my thoughts on current developments in the lithium space.
According to a joint statement by the Ministry of Finance and other authorities, the new policy aims to raise the standards of subsidy-eligible vehicles and encourage the production of vehicles with a longer driving range.
Pilbara Minerals has exercised an option to form a 30:70 joint venture with South Korean giant POSCO which will focus on the development of a lithium processing facility.
SQM CEO Ramos gave an interview and announced the intention to produce more than can be sold in 2019.
Talison Lithium and Global Advanced Metals (GAM) have settled a mining rights dispute over the proposed expansion of the Greenbushes mining area in Western Australia.
The study, which rates 83 jurisdictions around the world based on their geologic attractiveness for minerals and metals and the extent to which government policies encourage or deter exploration and investment, has ranked Nevada as the most attractive jurisdiction in the world for mining investment, followed by Western Australia, Saskatchewan and Quebec, respectively. “The survey is an attempt to assess how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment,” the report stated.
Nemaska Lithium has announced that a further C$375M (US$283.4M) would be required to fully-fund construction, commissioning, working capital and reserve funds for their Whabouchi mine and Shawinigan conversion plant. The additional funds would be needed on-top of an existing C$1.1Bn (US$831.4M) finance package announced in May 2018.
Pilbara Minerals and Altura Mining have both announced the first shipment of spodumene concentrate to their off-take partners in China. The vessel departed Port Headland in W. Australia carrying 8,800t (wet) spodumene concentrates from Pilbara Minerals grading 6.1% Li2O and 1.2% Fe2O3. Altura Mining reported loading of 5,000t spodumene concentrates grading >6.0%Li2O and 1.05% Fe2O3 at Port Headland, which is destined for its off-take partner Lionergy in China.
Savannah Resources plc announced a significant increase in the JORC 2012 - compliant Measured, Indicated and Inferred Mineral Resource Estimate, located in northern Portugal.