Archive | Lithium

Crowdfunding helps Cornish to establish a battery metals hub for the UK – by Vladimir Basov (Kitco News – June 21, 2021)

https://www.kitco.com/

(Kitco News) – Cornish Lithium, the innovative mineral exploration and development company based in Cornwall, UK, today announced that it has successfully completed a crowdfunding campaign on Crowdcube raising £6 million (~$8.4 million) to progress its geothermal and hard rock projects in Cornwall and to create additional value for shareholders.

The company said it opened up the opportunity to pre-registered investors today at 9:00am and had raised it’s £6 million target within 20 minutes.

CEO & Founder Jeremy Wrathall said, “We are delighted with the support we have received to date for our latest crowdfunding round. The additional funding will be used to continue the progress towards our goal of creating a battery metals hub for the UK. Continue Reading →

ENERGY TRANSITION: US battery strategy aims to eliminate nickel, cobalt – by Andrea Hotter (Metal Bulletin – June 17, 2021)

https://www.metalbulletin.com/

Full Report: https://bit.ly/3cPTRCP

The United States has published a strategy for lithium-ion battery manufacturing which calls for the elimination of cobalt and nickel from the cathode by the end of the current decade.

It intends to achieve this through research and development into new technologies, with the goal of establishing a domestic battery supply chain that meets the demands of the growing electric vehicle (EV) and electrical grid storage markets, the government said in the strategy document.

The blueprint has been developed by the Federal Consortium for Advanced Batteries, which is led by the government’s departments of Energy, Defense, Commerce and State, and includes many other organizations across the US government. Continue Reading →

The U.S. has grand ambitions to conquer the global EV market — it can’t win without Canada – – by Ryan Castilloux (Financial Post – June 16, 2021)

https://financialpost.com/

Ryan Castilloux is managing director of Adamas Intelligence, which provides research on strategic materials and minerals.

A US$174-billion U.S. plan to spur domestic production and sales of U.S.-made electric vehicles while bolstering domestic supply chains, from raw materials to parts, dovetails with allies Canada and Australia’s ambitions to become leading suppliers of raw materials to parts.

The plan is part of the massive US$2-trillion spending plan unveiled by U.S. President Joe Biden in March, that aims at creating millions of “good jobs,” rebuilding the nation’s infrastructure, and positioning the U.S. to “out-compete China.”

From a raw materials perspective, there are four main facets of interest for the Canadian auto sector in the U.S.’s grand ambition to win the EV market. Continue Reading →

Ganfeng Lithium to buy 50% of Mali mine for $130 million – by Cecilia Jamasmie (Mining.com – June 14, 2021)

https://www.mining.com/

China’s Ganfeng Lithium, one of the world’s top producers of the commodity used in electric vehicle batteries, is acquiring a 50% stake in a special purpose vehicle that owns the Goulamina hard-rock mine in Mali for $130 million.

Ganfeng, which counts automakers Tesla and BMW among its customers, said the move will grant it at least half of Goulamina’s first-phase annual output, estimated in 455,000 tonnes of spodumene.

Mali’s government can take 10% of the equity free of charge and pay in cash for up to 10% more, the company said. Continue Reading →

Serbia may decide fate of Rio Tinto’s lithium project in referendum – by Cecilia Jamasmie (Mining.com – June 7, 2021)

https://www.mining.com/

Serbia’s President, Aleksandar Vucic, may seek voter approval for Rio Tinto’s Jadar lithium project near the city of Loznica, in western Serbia, as community opposition grows.

Speaking on local TV on Monday, Vucic said the government fully supports the project, which could become Serbia’s second largest export earner once developed. He also said his administration won’t let it happen if it doesn’t get the people’s approval first.

Jadar has been facing local opposition due to heritage issues. Its footprint covers the area around Paulje, a Bronze Age archaeological site, as well as several classified natural monuments. Continue Reading →

Mining Companies Call Themselves Green in Push for Investor Cash – by Scott Patterson (Wall Street Journal – June 8, 2021)

https://www.wsj.com/

Mining companies are trying to tap into the flood of cash targeting green investments by touting their production of materials that go into wind turbines, power lines and batteries.

They are playing down the environmental impact of their operations and, for many of them, their big businesses mining coal.

The International Energy Agency said in a May report that while coal mining will decrease dramatically in the coming years, “the mining of minerals needed for clean energy transitions increases very rapidly” in a global economy focused on bringing down carbon emissions. Continue Reading →

EDITORIAL: Green groups against renewable energy (Las Vegas Review-Journal – June 8, 2021)

https://www.reviewjournal.com/

It’s become apparent that radical environmentalists aren’t just waging war on fossil fuels, they’re against virtually any energy development at all. This deserves more attention, particularly given the rush by Democrats in Nevada and other states to impose renewable mandates.

Last week, the Biden administration announced it would seek to protect Tiehm’s buckwheat, a wildflower found only in a remote area of western Nevada, under the Endangered Species Act.

The decision came after the Center for Biological Diversity threatened the U.S. Forest Service and Bureau of Land Management with legal action. Continue Reading →

Biden Administration Moves to Unkink Supply Chain Bottlenecks – by Katie Rogers and Brad Plumer (New York Times – June 8, 2021)

https://www.nytimes.com/

WASHINGTON — The Biden administration on Tuesday planned to issue a swath of actions and recommendations meant to address supply chain disruptions caused by the coronavirus pandemic and decrease reliance on other countries for crucial goods by increasing domestic production capacity.

In a call on Monday evening detailing the plan to reporters, White House officials said the administration had created a task force that would “tackle near-term bottlenecks” in construction, transportation, semiconductor production and agriculture.

The officials also outlined steps that had been taken to address an executive order from President Biden that required a review of critical supply chains in four product areas where the United States relies on imports: semiconductors, high-capacity batteries, pharmaceuticals and their active ingredients, and critical minerals and strategic materials, like rare earths. Continue Reading →

China’s Journey To The Center Of The Earth – For Rare Minerals – by Ariel Cohen (Forbes Magazine – June 2, 2021)

https://www.forbes.com/

The recent $3 billion sale of Chile’s Compañía General de Electricidad to China’s State Grid Corporation brought total Chinese control of electricity transmission in Chile up to 57%.

Similar PRC acquisitions and projects are currently being advanced in Ecuador, Bolivia, Argentina, Honduras, Peru, and Columbia, where corporations are building hydropower, wind, and solar power stations. But China’s energy push into Latin America is not limited to infrastructure.

This is fast becoming a multi-pronged approach that also includes the securing of critical minerals, particularly rare earth elements (REEs). The United States, meanwhile, is mum. Continue Reading →

Column: The human bottleneck in critical minerals supply chains – by Andy Home (Reuters – May 27, 2021)

https://www.reuters.com/

The road to decarbonisation will be paved with copper. As well as lithium, nickel, cobalt and a host of other minerals, all critical for electric vehicles (EVs), solar panels and wind farms.

Securing enough of these metals has become an overriding concern for many Western countries now looking to invest in green technology industries as a driver of broader pandemic recovery.

The European Union currently imports all of the refined lithium, platinum and silicon it needs to produce EVs, clean hydrogen and solar panels respectively. It also gets 98% of its rare earths from one supplier – China. Continue Reading →

Soaring commodity prices are bringing a Chinese lithium giant back from the brink – by Mary Hui (Quartz.com – May 28, 2021)

https://qz.com/

The global climate economy’s transition to clean energy will drive a huge increase in demand for a number of critical minerals. Among those, lithium is expected to see the fastest growth.

Lithium is crucial to the clean energy transition because it’s widely used in lithium-ion batteries, including those powering electric vehicles.

China currently dominates worldwide production of lithium chemicals used in batteries, accounting for nearly 60% of worldwide processing of lithium in 2019, according to the International Energy Agency. Continue Reading →

From hot stock to bust, will Nemaska Lithium rise again? – by Martin Patriquin (Financial Post – May 26, 2021)

https://financialpost.com/

MONTREAL • About 1,000 kilometres from Montreal, in the Precambrian expanse of Quebec’s north, is the world’s second-largest deposit of one of its most sought-after minerals.

In 2009, Nemaska Lithium announced its intention to harvest its namesake mineral with all the gut-busting blarney usually reserved for gold rushes and oil strikes.

To investors, the company touted itself as “your next Canadian lithium supplier,” promising to deliver 300 jobs and $4.1 billion in revenues over its minimum 18-year lifespan. Continue Reading →

Canada has “right ingredients” to be EV battery leader – by Cecilia Jamasmie (Mining.com – May 19, 2021)

https://www.mining.com/

Canada has a “once-in-generation” opportunity to establish itself as a major player in the global battery sector, but it needs to act fast to seize the opportunity, a new report reflecting the views of stakeholders across the electric vehicle (EV) supply chain shows.

Clean Energy Canada’s study, compiling opinions of major actors in the sector, such as General Motors Canada, Lion Electric, the Mining Association of Canada (MAC), the Automotive Parts Manufacturers’ Association and Unifor, concludes the country has the right ingredients for a successful battery sector.

Canada is rich in lithium, graphite, nickel, cobalt, aluminum and manganese, key ingredients for advanced battery manufacturing and storage technology. Continue Reading →

Biggest Lithium Miner Gears Up to Tap Major Lode From Old Cars – by Yvonne Yue Li (Bloomberg News – May 12, 2021)

https://www.bnnbloomberg.ca/

(Bloomberg) — The world’s biggest lithium miner wants to extract more of the battery metal from old cars as demand surges and aging electric vehicles are traded in.

Albemarle Corp. is making investments and partnering with automotive equipment manufacturers on the recycling effort, which it calls “critical” to its future growth.

The miner is part of a growing list of companies looking to grab a share of the market for recovered battery materials as lithium supplies show signs of tightening. Continue Reading →

America’s electric cars need lithium so badly it may wipe out this species – by Matt McFarland (CNN Business – May 10, 2021)

https://www.cnn.com/

Washington, DC (CNN)Fewer than 40 years after humans discovered Tiehm’s buckwheat, a Nevada plant with yellow flowers, they may drive it to extinction in pursuit of electric vehicles, a technology widely hailed as being environmentally friendly.

Environmentalists say the benefits of Tiehm’s buckwheat could be vast, but its full significance is unknown. What’s certain, they say, is that guarding Tiehm’s buckwheat is important for preserving biodiversity on Earth.

The flower is so newly discovered that it hasn’t been studied thoroughly, they say. But botanists say they’re impressed with Tiehm’s buckwheat’s ability to thrive where few species can — poor soil that’s full of boron and lithium. Continue Reading →