Australian lithium stocks rally on speculation of China mine closure

Australian lithium stocks rallied on Monday on speculation that Chinese battery maker CATL had closed its Jianxiawo mine in China that produces the material used in electric vehicle batteries.

Exxon aims to make key lithium technology decision by year

Exxon Mobil plans to decide by the end of the year which lithium filtration technology it will use in Arkansas as part of its push to become one of the world’s top producers of the battery metal, an executive said on Thursday.

Lithium players to gather in Arkansas as low prices pressure industry

Exxon Mobil, Albemarle and others eyeing ways to tap Arkansas’s vast lithium reserves will gather in Little Rock this week as the industry grapples with sagging prices for the battery metal that have spooked investors and fueled layoffs.

Despite weak lithium prices, Albemarle beats on cost cuts

Albemarle, the world’s largest lithium producer, posted a better-than-expected adjusted quarterly profit on Wednesday as aggressive cost cuts helped offset plunging prices for the metal used to make electric vehicle batteries.

Valor expands lithium hold in Canada

Valor Resources has set itself up to acquire Frazer Lake lithium project in Canada.

Portuguese prosecutors seek to annul environment permit for Savannah lithium mine

Portuguese prosecutors have asked a judge to annul an environment permit for a lithium mining project being developed by London-based Savannah Resources, alleging various legal infringements, a court document seen by Reuters showed.

GM, Stellantis-backed lithium startup seeks more than $1 billion for brine project

A private US lithium startup backed by Stellantis NV and General Motors Co. is working with financial advisers to seek more than $1 billion for its project in California.

Albemarle lays off 300 employees on weak lithium prices

Albemarle (NYSE: ALB), the world’s largest lithium producer, is said to have laid off more than 300 employees, or 4% of its total workforce, across its US and global operations.

Battery metal bust spurs output cut at leading lithium project

Australia’s biggest lithium mine has become the latest battery-metals venture to feel the pain from faltering demand growth, with output set to be trimmed as prices sink.

Lithium miners warn on plunging profits after price freefall

Two of China’s biggest lithium companies became the latest miners to issue stark warnings over the health of the battery metal industry, telling investors to prepare for tumbling profits and asset writedowns.

Battery metal bust spurs output cut at leading lithium project

Australia’s biggest lithium mine has become the latest battery-metals venture to feel the pain from faltering demand growth, with output set to be trimmed as prices sink.

Sigma Lithium’s chief controls officer exits company in latest shake-up

Sigma Lithium’s chief controls officer (CCO) Raphael Dias has left the company, he told Reuters on Friday, in the latest management shakeup at the Vancouver-based miner.

Bolivia launches new international tender for lithium extraction

Bolivia’s government has launched a new international tender for companies to extract lithium from the country’s salt flats, the energy minister said on Friday.

Australian mining group pushes govt for tax credit as lithium, nickel prices slump

An Australian mining association has called for a new production tax credit during meetings with senior ministers called as nickel and lithium miners curtail projects and review new mines in response to a global slump in prices.

Sayona Mining to undertake review of North American Lithium ops

Australia’s Sayona Mining said on Thursday it is conducting an operational review of its North American Lithium operation to optimize its cost structure, in response to the persistent drop in prices of the key battery metal.

Mineral Resources to sell stake in lithium developer Azure

Mineral Resources expects to sell its stake in lithium developer Azure Minerals in the current half year, chief financial officer Mark Wilson said on Thursday.

Bolivia Uyuni plant to yield first lithium by 2025-end

Bolivian state-owned lithium company YLB has inked a new deal with a Chinese consortium to install a pilot plant at the vast Uyuni salt flat, which would use Direct Lithium Extraction (DLE) technology.

Korea battery makers eye Chile lithium investments to supply US

Lithium heavyweight Chile is drawing interest from South Korean battery makers keen to develop processing plants there, the head of a government agency said.

Lithium venture in Chile in talks with EV firms to invest in mine project

A joint venture valued at $1.5 billion to $2 billion that wants to become Chile’s third lithium producer is in talks with investors to bankroll its project.

China’s CBC increases stake in Bolivia lithium mining

The Chinese consortium CBC, which includes battery giant CATL, and Bolivia signed a deal on Wednesday, deepening their cooperation in one of the world’s largest lithium reserves.

AustralianSuper swoops on lithium stocks after price plunge

Australia’s largest pension fund plans to double its exposure to local lithium stocks over the next five years, after a price rout made producers of the key battery material more affordable.

Communities agree to end roadblocks at Chile lithium operations

Indigenous communities in northern Chile agreed to lift roadblocks that have restricted access to the country’s giant lithium operations since Jan. 9.

American Lithium sees Peru project value triple to $5 billion

Mining News Pro - Canadian miner American Lithium said on Wednesday that the estimated value of its Falchani lithium project in Peru had tripled from the previous forecast to $5.11 billion and that it would have a potential operating life of 32 years.

Lithium junior Kali Metals soars on ASX debut

Mining News Pro - Shares in lithium explorer Kali Metals (ASX: KM1) jumped as much as 86% on its first day of trading on the Australian Stock Exchange, following an initial public offering in November that opened and closed in under 30 minutes.

Allkem shareholders approve $10.6bn Livent lithium merger

Mining News Pro - Investors in Australian lithium producer Allkem voted on Tuesday to accept a $10.6 billion merger offer from US giant Livent that would create one of the world’s biggest lithium companies.

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