Archive | Lithium

Saskatchewan launches new lithium production project – by Jonathan Guignard (Global News – June 3, 2020)

https://globalnews.ca/

Saskatchewan will soon be home to a new lithium production project. The Prairie-LiEP Critical Mineral (PLCM) joint venture is being undertaken by Prairie Lithium Corp. and LiEP Energy Ltd.

Their two-stage pilot project will produce lithium hydroxide from some of the province’s oilfield brines. “This is another exciting development that promotes economic diversification in Saskatchewan,” Energy and Resources Minister Bronwyn Eyre said.

“Lithium has great potential, due to increasing worldwide demand, which is why supporting extraction technologies and a viable lithium sector are included in Saskatchewan’s growth plan.” Continue Reading →

Lithium prices to bounce after 2022 – by Cecilia Jamasmie (Mining.com – May 28, 2020)

https://www.mining.com/

Prices for lithium, one of the key ingredients for the batteries that power electric vehicles (EVs) and high tech devices, are expected to climb in two years, when shortages in the market caused by curtailed production and halted expansions start to emerge.

Car sales, EVs included, have plummeted this year as global economic growth projections have already been derailed amid the coronavirus pandemic and its effects on global markets.

In Western Europe alone, where EVs sales were supposed to soar this year, the acquisition of new cars fell by 90% in April. Continue Reading →

OPINION: Critical mineral supply chains essential for economic development opportunities – by Don Bubar (Northern Ontario Business – May 27, 2020)

https://www.northernontariobusiness.com/

Security of critical minerals supply has now become a major concern for government in light of the COVID-19 disruption to global supply chains. A North American solution is required to reduce reliance on China as a sole source of supply of many of our critical minerals.

North America does not have the full supply chains needed for many new technologies – such as electric vehicles, energy storage, sensor and data processing applications) and pharmaceuticals – although we do have all these minerals in the ground.

Northern Ontario is blessed with resources of many of these critical minerals, often referred to as “technology metals,” including all the elements needed in lithium-ion battery technology. Continue Reading →

Lithium producers must wait as pandemic slows electric vehicle revolution – by Helen Reid and Ernest Scheyder (Reuters U.K. – May 26, 2020)

https://uk.reuters.com/

JOHANNESBURG/HOUSTON (Reuters) – The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and sales of major assets.

Lithium industry shares have dropped sharply since January as the economic downturn from the pandemic slammed the brakes yet again on the electrification revolution that for years has seemed just around the corner. Investors are giving the cold shoulder to mine developers seeking funding for lithium projects.

“This pandemic further kicks the EV can down the road,” said Seth Goldstein, a lithium industry analyst with Morningstar. Continue Reading →

Bill Gates and Richard Branson have their sights on the mining sector — and investment opportunities for startups abound – by Holly Bridgwater (Smart Company.com – May 25, 2020)

SmartCompany

Tech giants are on the hunt for investment opportunities in the mining sector, in a push that is destined to change the landscape of the resources industry.

Among those leading the charge are tech billionaires Bill Gates, Jeff Bezos and Richard Branson — all backers of technology fund Breakthrough Energy Ventures (BEV). Last year, BEV joined forces with hedge fund a16z to invest in mineral exploration company KoBold Metals and its search for ‘ethical’ cobalt.

The billion-dollar fund was also instrumental in raising $20 million in Series A funding for Lilac Solutions, a mining technology company focused on transforming lithium production. Continue Reading →

Coronavirus pandemic a further blow to WA’s multi-million-dollar lithium industry – by Jacqueline Lynch (Australian Broadcasting Corporation – May 20, 2020)

https://www.abc.net.au/

A few years ago there were high hopes that demand for West Australian lithium would skyrocket, but the industry has been plagued with a slow uptake of electric vehicles, falling lithium prices and now the COVID-19 pandemic.

The valuable metal, found in abundance across regional WA, is largely used in the production of electric vehicles and energy storage systems. In an effort to cut costs during the coronavirus pandemic, United States lithium giant, Albemarle, has slowed down progress on what was set to be the state’s largest lithium refinery, near Bunbury.

The vice president of the company’s lithium division, David Klanecky, said while no jobs would be lost the move would delay the plant’s completion by several months. Continue Reading →

RPT-COLUMN-In the coming renewable energy boom, Australia is once again the “lucky country”: – by Clyde Russell (Reuters U.S. – May 21, 2020)

https://www.reuters.com/

LAUNCESTON, Australia, May 21 (Reuters) – Which commodities and countries are best placed to emerge as winners in the post-coronavirus world, especially if the anticipated boost to investment in renewables energies actually happens?

One of the themes emerging for a post-coronavirus world is that investment should flow into renewable energies, both as economic stimulus and as a way of limiting the impact of climate change.

To this end, the World Bank released a report on May 11 stating that global production of minerals such as lithium, cobalt and graphite would have to increase by as much as 500% by 2050. Continue Reading →

Nevada’s “Lithium Valley” – by Charles Morris (Clean Technica – May 13, 2020)

https://cleantechnica.com/

No, lithium isn’t going to become “the new oil,” regardless of what the pandering pundits of the popular press say (it’s a raw material, not a fuel, and it’s one of the most abundant elements on Earth). However, there’s no question that demand for the light white stuff is growing quickly, and that much of the current supply comes from outside the US.

Tesla is believed to import much of the lithium it uses from Australia and South America. There are strong economic and environmental reasons to develop more domestic sources.

Fortunately, just a couple hundred miles north of Gigafactory 1, near the Oregon/Nevada border, there’s an area that some are calling Lithium Valley, which could contain a huge and easily exploitable trove of lithium. (This isn’t mere serendipity — one of the reasons Tesla chose Nevada as the site of the Gigafactory was the proximity to potential sources of lithium and other minerals.) Continue Reading →

Quebec lithium mine’s bankruptcy flags Canadian market obstacles, analysts say – by Kip Keen (S & P Global – May 8, 2020)

https://www.spglobal.com/

In Nemaska Lithium Inc.’s failure to launch a lithium mine in Quebec, analysts see some of Canada’s disadvantages in the global lithium market coming to bear. The company headed into creditor protection in late 2019 after spending about C$411.4 million on the C$1.27 billion Whabouchi lithium project as of Dec. 31, 2019.

Remote project locations lacking infrastructure and proximity to end markets, in particular China, along with weak lithium prices remain obstacles for the budding sector in Quebec and other parts of North America, according to analysts.

Benchmark Mineral Intelligence lithium analyst Andrew Miller said many factors have played a role in holding back some of Quebec’s potential lithium supply to the global market. Continue Reading →

BUSINESS“The Battery of Choice” – Does the Future of Energy lie in Lithium Tech? – by Meghanne Uptigrove (Red Deer Todayville.com – May 6, 2020)

News

At the crossroads of technological development and clean energy innovation, interest in the lithium battery continues to gain traction across the global market.

Using the lightest metal on the periodic table, lithium batteries have massive potential in the fields of green technology and power generation and storage. With a large charging capacity and extended lifetime, lithium batteries have been increasingly regarded as a game-changing technology for a number of industries.

The University of Washington Clean Energy Institute identified Li-ion batteries as the “market leader in portable electronic devices”. The CEI also highlighted the importance of Li-ion tech in the clean energy conversation, as “much of the promise of Li-ion technology comes from their potential applications in battery-powered cars.” Continue Reading →

Is a Proposed Lithium Mine in Nevada the Future of Renewable Energy? – by Chase Cain (NECN.com – April 22, 2020)

https://www.necn.com/

Do you think driving a Tesla or plugging-in to solar power are environmentally-conscious choices? Then you should know it’s almost certain the batteries in those systems traveled around the world two or three times before they were ever installed. That’s not very “green,” is it?

Lithium-ion batteries, found in laptops, mobile phones and many other things we use every day, often have a rather costly carbon footprint. But a tiny town in the American West called Orovada could play a big role in making green energy more green.

Northern Nevada could soon explode into America’s “Lithium Valley,” playing an even more critical role in our country’s future than Silicon Valley did with technology. Continue Reading →

Award-winning find for Sudbury lithium explorer – by Staff (Northern Ontario Business – April 21, 2020)

https://www.northernontariobusiness.com/

A Sudbury lithium exploration company has been recognized by its peers as having an exceptional discovery in northwestern Ontario. Frontier Lithium received the Bernie Schnieders Award for Discovery of the Year for its Spark Pegmatite deposit, north of Red Lake. The Northwestern Ontario Prospectors Association made the announcement on April 20.

The deposit is within the company’s Pakeagama Lake Pegamatite (PAK) project, 175 kilometres north of Red Lake, and covers a claims belt over 26,774 hectares near the Manitoba border.

After making the initial discovery in January 2019, two drill programs were completed last year before the company released the first resource estimate in early February of this year. Continue Reading →

Argentina’s fledgling lithium sector clipped by coronavirus – by Marina Lammertyn (Reuters U.S. – April 16, 2020)

https://www.reuters.com/

BUENOS AIRES (Reuters) – Argentina’s fledgling lithium sector has been torpedoed by the global spread of coronavirus, with operations stalled by a nationwide crackdown and some projects being abandoned as the pandemic has sharpened economic concerns in the country.

Argentina is part of South America’s so-called “lithium triangle,” a major sources of the light metal that is key to the development of electrified vehicles. It has been pushing new projects to catch up with neighboring lithium powerhouse Chile.

Those now are hanging in limbo, threatening what the country had hoped would one day be a $2.1 billion lithium export market, according to a government presentation, up from $190 million last year when it shipped 50,000 tonnes of the white metal. Continue Reading →

UPDATE 1-Eramet halts Argentina lithium project on coronavirus crisis (Reuters U.S. – April 8, 2020)

https://www.reuters.com/

PARIS, April 8 (Reuters) – French mining and metals group Eramet has decided to stop work on a lithium production project in Argentina, aimed at shifting the group’s focus towards electric vehicle minerals, due to economic uncertainty created by a coronavirus epidemic.

Eramet had already put the project on hold in February, citing economic and regulatory instability in the debt-stricken South American country, and it said on Wednesday the COVID-19 crisis had now led it to take a longer term decision to halt the planned construction of a lithium production plant.

The move will result in a cost of some 150 million euros ($163 million), including an asset impairment charge, and cash outflows of approximately 90 million euros in 2020, it said in a statement. Continue Reading →

Coronavirus highlights new logistics risk in battery supply chains – by Jacob Holzman (SPG Global Market Intelligence – April 2, 2020)

https://www.spglobal.com/

The coronavirus pandemic is uncovering new risk in the global supply chain for lithium-ion batteries as countries that are pivotal in producing lithium and other metals needed for battery manufacturing roll out restrictions in a bid to control the spread of the virus.

Benchmark Mineral Intelligence, an information provider specializing in the lithium-ion battery sector, wrote in a recent report that the coronavirus outbreak has led to a logistical slowdown throughout the supply chain, stretching around the world.

In Australia, a major producer of lithium, the Association of Mining and Exploration Companies warned members of stringent interstate travel restrictions. In South America, Chile has implemented a national curfew, and parts of Santiago are in quarantine, while Argentina has a countrywide quarantine. Continue Reading →