Latin America eyes the lithium boom, but opposition endures – by Rocío Lloret Céspedes and Javier Lewkowicz (Dialogo Chino.net – October 26, 2023)

Dialogo Chino.net

The region could define the global lithium market and is making moves to boost its industries. But lithium extraction’s impacts and water use remain sensitive

Andrea Calcina has lived all of her 58 years in the community of Calcha K, a group of adobe houses at 3,800 metres above sea level in the Bolivian Andes. Though everything seems to be drying up quickly here, Calcina points to a water well that is still providing for residents, if not like it used to.

“There used to be more. With this water we wash, we sow, we water vegetables and quinoa,” says Andrea, who lives in a community of 100 families, where recurring complaints that “it doesn’t rain like it used to” are heard. Calcha K, in the southwestern department of Potosí, is one of 46 communities settled around the Uyuni and Pastos Grandes salt flats, two of the country’s three major lithium reserves. The third, Salar de Coipasa, is found in Oruro, in the west of the country.

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Lithium Rush Heats Up With SQM’s $1 Billion Australia Buy – by Sybilla Gross (Bloomberg News – October 26, 2023)

https://www.bnnbloomberg.ca/

(Bloomberg) — Lithium mining giant SQM has won over Perth-based Azure Minerals Ltd. with a sweetened A$1.6 billion ($1 billion) cash offer, the latest deal as large battery-metal producers race to secure supply in Australia, home to some of the world’s richest deposits.

Azure’s board will back the new binding bid from SQM, which increased its cash offer by 52% to A$3.52 per share, the Australian producer said Thursday. That’s a 44% premium over Azure’s closing price on Oct. 20, and follows a previously rejected non-binding offer of A$2.31 made in August. The company’s shares jumped as much as 44% on Thursday to A$3.52, their highest price since June 2008.

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The China-West Lithium Tango in South America – by Ali Rahman and Leland Lazarus (The Diplomat – October 23, 2023)

https://thediplomat.com/

Despite the push toward decoupling, China-West collaboration persists in South America’s Lithium Triangle. But in the age of strategic competition, how long will this last?

In the vast, almost haunting expanse of the high Argentine desert, beneath layers of brine and time, lies an element that could easily be mistaken for table salt. Yet, this mineral holds the key to power electric vehicles, cell phones, and the whole green energy revolution. They call it “white gold” – lithium.

The Cauchari-Olaroz mine, located in Argentina’s Jujuy province, promises to churn out 40,000 tons of lithium over the next 40 years. But more riveting than the mineral is the strange corporate partnership extracting it. The mine is jointly owned by Canada’s Lithium Americas and China’s Ganfeng Lithium.

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Battery metal prices driven down by slowing Chinese EV demand – by Harry Dempsey (Financial Post/Financial Times (October 18, 2023)

https://financialpost.com/

Lithium, cobalt and nickel prices tumble as ‘irrational exuberance’ wears off and surge in supply hits markets

Prices for key battery materials such as lithium, cobalt and nickel have sharply fallen this year as electric-vehicle sales in China cool off and a surge in supply hits the market.

Since the start of the year, lithium prices have fallen almost 70 per cent and nickel prices have dropped by 40 per cent, while the cobalt market is in a glut with prices hovering slightly above record lows, according to data from Benchmark Mineral Intelligence Ltd., Refinitiv Ltd. and Argus Media Ltd.

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Lithium company executive seeking federal backing was key figure in Alberta Energy Regulator spending scandal – by Niall McGee (Globe and Mail – October 21, 2023)

https://www.theglobeandmail.com/

Zeeshan Syed, a former Alberta Energy Regulator (AER) executive who was engulfed in a public sector spending scandal in Alberta only four years ago, welcomed two Liberal cabinet ministers to the Thunder Bay site of his junior mining company’s proposed lithium refinery last week, and is optimistic he can attract taxpayer funding for the venture.

The visit, which was widely publicized by Mr. Syed’s company to attract media and investor attention, saw both François-Philippe Champagne, the Federal Industry Minister, and Patty Hajdu, Indigenous Services Minister, heap praise on his struggling penny stock mining company, Avalon Advanced Materials Inc..

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Sudbury, Thunder Bay, Nipissing area shortlisted for lithium processing site by German mining company – by Ian Ross (Sudbury.com – October 18, 2023)

https://www.sudbury.com/

Rock Tech Lithium looks to place its second lithium refinery in Northern, Eastern Ontario

Rock Tech Lithium, a German-Canadian company with a Lake Nipigon-area lithium deposit, is scoping out processing sites in Northern and Eastern Ontario. Sudbury, Thunder Bay, the Nipissing District covering the North Bay-Temiskaming area, and Leeds Grenville in the Brockville area are on Rock Tech’s shortlist, according to a company news release issued today.

The company, which recently opened an office in Toronto to oversee its Canadian operations, has ambitious goals to build “several lithium converters.” Its first lithium hydroxide processing site will be in Guben, Germany, and is targeted for production in 2026.

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Codelco to buy Lithium Power for $244 million – by Cecilia Jamasmie (Mining.com – October 18, 2023)

https://www.mining.com/

Chilean state-owned copper miner Codelco, the world’s largest copper producer, has reached a deal with Lithium Power International (ASX: LPI) to buy the Australian producer of the battery metal for A$385 million ($244 million).

The deal reached by the parties, which have been involved in negotiations for weeks, involves a cash offer of 0.57 Australian dollars per LPI share.

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CMS: Friedland mocks lithium but touts battery tech – by Colin McCelland (Northern Miner – October 13, 2023)

https://www.northernminer.com/

Robert Friedland, billionaire founder and executive co-chair of Ivanhoe Mines (TSX: IVN), criticized lithium mining at a London conference, ridiculed the West’s green energy transition and urged prayer to end the Israel-Hamas war.

Researchers at Ivanhoe start-up Pure Lithium in Boston are going from lithium brine to lithium metal in a step that could radically transform the electric vehicle battery market valued at around US$50 billion a year, Friedland told The Northern Miner’s Canadian Mining Symposium on Friday.

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China’s Tsingshan Gets Access to Chilean Lithium in Battery Metal Race – by James Attwood (Bloomberg News – October 16, 2023)

https://www.bnnbloomberg.ca/

(Bloomberg) — China’s latest investments in South America’s lithium triangle show the challenges for US efforts to counter the dominance of the world’s second-largest economy in key parts of battery metal supply chains.

On Monday, Chile unveiled a deal that gives Tsingshan Holding Group preferential lithium prices for a project to make value-added products in the South American nation. It was announced as part of President Gabriel Boric’s trip to China, where he met with Xiang Guangda, the metal group’s billionaire owner.

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Financial viability of proposed lithium processing plant feted by federal politicians in question – by Niall McGee (Globe and Mail – October 13, 2023)

https://www.theglobeandmail.com/

Canadian junior mining company Avalon Advanced Materials Inc. hosted federal Industry Minister François-Philippe Champagne at a proposed lithium processing site in Northern Ontario on Thursday, and it hopes to get funding from Ottawa, even as the company’s financial future hangs in the balance.

Toronto-based Avalon says it intends to build Ontario’s “first domestic supply chain” that will link lithium deposits in the north to the expanding electric battery manufacturing base in the south. But given the company’s financials, it’s not clear how it can raise the money to build its planned lithium refinery in Thunder Bay.

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Lithium-hungry France strikes Mongolian exploration deal (Reuters – October 12, 2023)

https://www.reuters.com/

PARIS, Oct 12 (Reuters) – France signed a deal with Mongolia to search for lithium on Thursday and moved a step closer to mine uranium in the Asian country, as Paris steps up its hunt for critical metals needed for its clean energy shift.

The deals are one of the highlights of Mongolian President Ukhnaagiin Khurelsukh’s visit to Paris, which comes less than six months after President Emmanuel Macron stopped off in Ulaanbaatar on his way back from a G7 summit in Japan.

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Mining the Northwest: Australian lithium player eyes former Thunder Bay paper plant site for chemical refinery – by Ian Ross (Northern Ontario Business – October 10, 2023)

https://www.northernontariobusiness.com/

Green Technology Metals on the fast track to become Ontario’s first lithium miner and refiner

Brownfield space in Thunder Bay’s north end is becoming a hot spot for the lithium industry. Green Technology Metals said the former Cascades paper plant is its leading property to place a lithium hydroxide conversion facility, potentially the second such facility slated for the city.

In posting its “mine-to-chemical” strategy for northwestern Ontario this week, the company said it has a letter of intent for a 25-hectare industrial port site at 550 Shipyard Drive, the location of the former Cascades Fine Papers mill, also known as Superior Fine Papers, which was demolished in 2015.

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Canada’s long-forgotten lithium province – by A.J. Roan (North of 60 Mining News – October 5, 2023)

https://www.miningnewsnorth.com/

Like many other northern regions, Canada’s North was settled because of its mineral resources. When the Canadian Dominion Government first purchased its arctic regions from the British Crown in the late 1800s, the Northwest Territories was seen as a vast stretch of cold, inhospitable land and was thus largely ignored at the time. However, due to the Klondike Gold Rush, the future of these northern lands would change forever. These days, a new rush has arisen, a white gold rush for lithium in Northwest Territories.

With the market for electric vehicles and battery storage technology predicted to skyrocket in coming years, demand for critical minerals continues to grow in turn. With this, lithium appears poised to recharge NWT’s exploration sector.

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Nevada lithium mine leads to ‘green colonialism’ accusations – by James Clayton & Ben Derico (British Broadcasting Corporation – October 8, 2023)

https://www.bbc.com/

In the high Nevadan desert near the Oregon border lies an enormous deposit of lithium, a metal that is essential in the production of electric car batteries. President Joe Biden wants to get it out of the ground. But its exploration is dividing communities which are usually on the same side of political arguments.

Environmentalists and native people cannot agree on whether a new rush for this “white gold” should be supported or fiercely opposed. “The entire environmental community is split on this thing,” says Glen Miller, who used to be on the board of local environmental charity Great Basin Resource Watch, which is opposed to mining.

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Slumping Lithium Prices Signal Angst Over China’s Demand Outlook – by Yvonne Yue Li and Annie Lee (Bloomberg News – October 1, 2023)

https://www.bnnbloomberg.ca/

(Bloomberg) — Lithium prices are spiraling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries.

Prices of lithium carbonate in China fell to 166,500 yuan ($22,814) a ton last Wednesday, ahead of the Golden Week holidays, a loss of almost half from the recent peak in early June. The decline has been precipitous. Less than a year ago, the metal reached a record of 598,000 yuan a ton.

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