Livent ‘reviews expansion plans’ on falling lithium prices, lowers revenue guidance
11.01.2020
North American lithium producer Livent has revised down its financial guidance for fourth-quarter as well as full-year revenues, and is reviewing potential changes to its planned capacity expansion road map, it said on Tuesday January 7. Livent reduced its expected fourth-quarter revenue to $75-80 million from $90-100 million and its full-year revenue to $385-390 million…
What’s behind lithium mining? Here’s all you need to know
As demand for electric vehicles increases, so does demand for the metal. Demand is growing across the globe for lithium extraction, mainly driven by the increasing use of lithium in electronic battery technologies and electric vehicles. But where does lithium come from and how is it produced? Here’s an explainer with everything you should know,…
Lake Resources (ASX:LKE) brings mining expertise to their board
12.12.2019
Lithium explorer and developer Lake Resources (LKE) have today announced Dr Robert Trzebski will join their board. Robert is an international mining executive with significant expertise in mining. His career in project management and mining services spans over 30 years, and he holds a PHD in Geophysics as well as a masters in project development….
Bolivian lithium: why you should not expect any ‘white gold rush’ in the wake of Morales overthrow
21.11.2019
The overthrow of Bolivian president Evo Morales shows how the politics of environmentalism and social justice intersect in a silvery-white metal. As Morales flew to exile in Mexico, commentators wondered what will become of Bolivia’s lithium, a strategic resource used in consumer electronics and electric cars. Lithium batteries are the most energetic ever created, and…
Cez looks to buy European lithium stake
Growing demand for power storage has prompted Czech state-controlled utility Cez to move upstream, reaching a conditional agreement to invest in Australia-based European Metals’ Cinovec lithium mining project in the Czech Republic. Under the deal, Cez would acquire a 51pc stake in European Metals’ Czech subsidiary Geomet for €34.06mn ($37.7mn). Geomet holds the rights over…
Galaxy to Adopt Cost-Cutting Measures and leap into Lithium Downstream Processing
20.11.2019
Lithium markets across the globe have started stabilising, and the demand for the “whitegold” is again picking up with industry expecting further growth. However, the recent turbulence in the lithium market has prompted the Australian lithium miners such as Galaxy Resources Limited (ASX: GXY) to optimise the current production and expenditure plans. Australia is the…
Mali Lithium: Upcoming Catalysts Could Spark A Turnaround Story In 2020
Summary Mali Lithium has experienced a tough year, as the share price of EEYMF is currently trading at A$0.075/share, down ~50% in 2019, and ~90% since peaking in late 2017. Lithium prices have continued to slide and the pain has been felt sectorwide, as mines such as Wodgina and Bald Hill have had to be…
Tesla To Expand The World’s Largest Lithium-Ion Battery
Tesla and power producer Neoen will expand by 50 percent the world’s largest lithium-ion battery in South Australia to ensure additional grid stability, the French company said on Tuesday. Neoen will expand the Hornsdale Power Reserve battery, also known as the Tesla Big Battery, which Tesla started to build two years ago. At the time,…
World’s biggest lithium-ion battery is about to grow even larger
South Australia’s Hornsdale Power Reserve, the world’s largest lithium-ion battery, will have its storage and output expanded by 50 percent to help improve stability of the state’s power grid, French power producer Neoen SA said on Tuesday. The 71 million Australian dollars ($48m) project will enlarge the 100-megawatt battery, which is owned and operated by…
Canadian firm to scale up testing of brine for lithium extraction in Alberta, Canada
Canadian E3 METALS CORP. has announced it has collected a large volume of lithium-enriched brine from the Leduc Reservoir in the Central Clearwater Resource Area (CCRA) of its Alberta Lithium Project. This 20,000 L brine sample is the largest collected to date and is required to support the continued testing and scale up of E3…
