Rio Tinto’s real prize: Arcadium’s lithium extraction technology
Rio Tinto’s $6.7 billion buyout of Arcadium will give it a suite of lithium filtration technologies that are poised to revolutionize how the metal is produced for the electronics and electric vehicle industries.
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Savannah CEO sees lithium price rebound by start of Portugal project
London-based Savannah Resources expects the price of lithium to rebound by 2027, when it hopes to start commercial production at its mining project in Portugal, CEO Emanuel Proenca said on Friday.
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Zimbabwe plans incentives to encourage mineral processing
Zimbabwe will introduce incentives to encourage mining companies to process their output locally, President Emmerson Mnangagwa said.
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Rio arrives in lithium with a survival-of-the-fittest mentality
Rio Tinto Plc is muscling in on the lithium market after a precipitous price collapse for the battery metal, betting it can build a portfolio of huge, low-cost mines that will outlast weaker rivals.
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Ranking the world’s top lithium producers
Rio Tinto said on Wednesday it would acquire Arcadium Lithium for $6.7 billion in an all-cash deal that would make it one of the world’s largest lithium producers.
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Arcadium’s vast lithium portfolio lures Rio at the right time
From northern Quebec’s tundra to Argentina’s Andes Mountains and the plateaus of Western Australia, Arcadium’s lithium portfolio, brought together over almost 40 years, has lured Rio Tinto as it bids to be a top producer of the EV battery metal at an advantageous point in the market cycle.
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China is oversupplying lithium to eliminate rivals, US official says
Chinese lithium producers are flooding the global market with the critical metal and causing a “predatory” price drop as they seek to eliminate competing projects, a senior US official said on a visit to Portugal that has ample lithium reserves.
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Serbia’s parliament debates ban on lithium mining
The Serbian parliament on Monday began debating an opposition proposal to ban lithium and borate mining and exploration, which would effectively put an end to a contested Rio Tinto project in the west of the country.
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Rio Tinto in talks to buy lithium miner Arcadium
Rio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal.
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Visit: 69
Rio Tinto in talks to buy lithium miner Arcadium
Rio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal.
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Visit: 58
India, US sign pact to cooperate on critical battery mineral supply chains
Indian Trade Minister Piyush Goyal and US Commerce Secretary Gina Raimondo signed an agreement on Thursday to cooperate on strengthening supply chains in the two countries for lithium, cobalt and other critical minerals used in electric vehicles and clean energy applications.
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Zimbabwe softens stance on local lithium processing after price collapse
Zimbabwe has softened its requirements for lithium miners to process the mineral locally, a government official said on Thursday, as the industry battles to survive a price slump over the past year.
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Sinomine decries tough Zimbabwe conditions amid lithium price slump
Zimbabwe’s poor infrastructure and policy inconsistencies are worsening the impact of depressed lithium prices on producers of the material mainly used in battery technologies, a Zimbabwean unit of China’s Sinomine Resource Group said.
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US mineral projects close down government loans in fear of Trump
US miners and battery recyclers are rushing to close government loans worth billions of dollars before January out of concern that former President Donald Trump would, if reelected, block funding needed to boost American output of critical minerals for the energy transition.
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Lithium startups bet on high demand in battery-powered future
As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate over the next decade.
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Potential redevelopment of Kings Mountain lithium mine
Albemarle could breathe new life into the mothballed Kings Mountain mine, with the company submitting state and federal permit applications to advance the project.
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SQM seeks lithium partner to finance international expansion
SQM is seeking a partner for its international operations as the world’s second-biggest lithium supplier looks to step up its presence outside of home-base Chile, according to people familiar with the matter.
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IBAT to suspend operations at lithium extraction plant on weak prices
Miner International Battery Metals said on Wednesday it would suspend operations at its modular direct lithium extraction (DLE) plant at private firm US Magnesium until the metal’s prices recovered.
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Miners, investors see scope in energy transition but struggle with choices
Mining investment conferences have a great track record of pointing to the next growth area for commodities, as they bring together early stage investors and junior miners seeking to get projects off the ground.
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US-led group weighs funding more mineral projects to counter China dominance
A US-led coalition of countries is looking at funding more minerals projects using a financing network aimed at combating China’s dominance of metal supply chains.
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Tianqi to keep fighting for say in SQM lithium deal
Tianqi Lithium Corp., a key shareholder in Chilean miner SQM, will continue its battle for a say in a deal that would determine ownership of one of the world’s biggest lithium operations, the Chinese producer’s chief executive said.
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Visit: 53
China mining firms partner with Zimbabwe on lithium mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.
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US backs Australian lithium, rare earths projects for up to $786 million
The United States has backed an Australian lithium and a rare earths project with up to $786 million in debt funding as Western countries seek to build supply chains for critical minerals.
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Arcadium locks in plans for lithium growth
Arcadium Lithium has unveiled plans to achieve a $US1.3 billion ($1.9 billion) earnings before interest, taxes, depreciation, and amortisation (EBITDA) by 2028.
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US to award $3 billion to 25 projects for battery manufacturing sector
The US Energy Department said Friday it plans to award $3 billion to 25 battery manufacturing sector projects in 14 states as the Biden administration works to shift the supply chain away from China.
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