Lithium - Copperbelt Katanga Mining

Lithium price smashes new record as supply struggles to feed EV growth 1

The surge in prices of lithium, the key battery material used to power electric cars, is seemingly unstoppable. Lithium carbonate hit a fresh record of 500,500 yuan ($71,315) a ton in China Friday, according to data from Asian Metal Inc. Prices more than tripled in the past year, inflating the cost of batteries used in electric vehicles, with recent gains driven by strong demand and disruptions at a domestic producing hub. Consumer support for new-energy vehicles has been gathering pace amid a global transition away from fossil fuels. The China… Read More Here

Lithium Nickel

Chinese investors plan $2.83 billion metals park in Zimbabwe

September 16, 2022September 16, 2022 admin1 Comment

Zimbabwe’s government approved a proposal by a group of Chinese investors to establish a $2.83 billion battery-metals park that will process metals including lithium, platinum, and nickel, its latest plan to revive its moribund economy. Hong Kong Eagle International Investment Holding Ltd. and Pacific Goal Investment Ltd. intend to develop an integrated industrial park that will include lithium-salt and nickel-sulphate plants, and a nickel-chromium alloy smelter, Eagle International said in documents seen by Bloomberg and verified by Secretary for Mines Pfungwa Kunaka. An agreement on the plan will be signed… Read More Here

Glencore eyes adding lithium to trading business — report

September 16, 2022September 16, 2022 admin

Mining and commodities giant Glencore (LON: GLEN) is said to be evaluating the addition of lithium to the suite of metals it trades, as the battery metal has become the driving force behind electric vehicles (EVs) and concerns over lack of supply continue to grow. The Swiss company would initially include lithium in its zinc and copper business run by Jyothish George and Nick Popovic, two unnamed sources told Reuters. Glencore does not own lithium mines, but has ventured into the metal recycling business this year. In February, it joined forces with… Read More Here

Lithium International

TANTALEX LITHIUM ACHIEVES 6+% LI2O SPODUMENE CONCENTRATE GRADE IN HLS METALLURGICAL TEST WORK ON THE K-DUMP

September 15, 2022September 15, 2022 admin

Heavy Liquid Separation (“HLS”) tests on a 2 ton bulk samples taken from the K-dump produced a 6+% Li2O spodumene concentrate at four different size classifications. HLS tests produced a 6.5% Li2O spodumene concentrate at overall lithium recoveries exceeding 60%. Fe2O3 content of +- 1.3% in final spodumene concentrate to be reduced further with magnetic separation in Phase 2 testworks. HLS testing is the industry standard lab bench scale testing to establish if physical metallurgy will be sufficient to beneficiate mineral deposits into sellable concentrates. In the K- dump, Li2O, Sn… Read More Here

Lithium

Zimbabwe will raise taxes on platinum, lithium to boost revenue

July 29, 2022July 29, 2022 admin

Zimbabwe plans to increase royalty rates on platinum producers and introduce one for lithium miners from Jan. 1 as part of efforts to boost its coffers that have come under strain from weakening economic conditions. The rate for platinum miners will double to 5% and a new rate of the same amount will apply to lithium producers, Finance Minister Mthuli Ncube said in his mid-term budget review presented to lawmakers in the capital, Harare, on Thursday. “Mindful of the fact that the tax regime is the main instrument for sharing benefits from finite minerals… Read More Here

Mining in DRC Battery Metals Lithium

Cominière, Dathomir, Zijin, AVZ Minerals, Dathcom Mining: What is happening concretely?

July 17, 2022July 17, 2022 arnbethnic

In an interview conducted by the editorial staff of MNM with the law firm Momentum, the authorities of AVZ gave answers to understand the reasons for the agitation and gluttonous appetite around Manono’s lithium since the validation of the ‘Final feasibility study made by AVZ Minerals. Below is the full interview. MNM: Did the start of the agreements between Dathomir and Cominière date from 2017? Was it AVZ who had created Dathomir and proceeded to draft the Joint-Venture contract according to the declarations of the Cominière company to certain activists from… Read More Here

Battery Metals Lithium Mining in DRC New Mining Projects

AVZ extends share suspension

July 15, 2022July 15, 2022 admin

Lithium hopeful AVZ Minerals on Friday extended the voluntary suspension of its share trade on the ASX as it still awaits the grant of a mining licence for its Manono lithium and tin project, in the Democratic Republic of Congo (DRC). AVZ in early May announced that the DRC Minister of Mines had signed a ministerial decree to award the mining licence to Dathcom Mining SA, in which AVZ holds a 75% interest. The mining licence was expected to be issued after the payment of surface rights fees. However, by May 11, AVZ had requested a suspension of… Read More Here

Lithium Mining in DRC

African Energy Metals announces the acquisition of a 170 m2 mining concession in Manono in DRC

July 10, 2022July 10, 2022 arnbethnic

The mining company African Energy Metals (AEM) active exclusively in the Democratic Republic of Congo (DRC) in the exploration of metals, announced on July 5, 2022, the acquisition of a mining concession of 170 km² in the region of Manono, in an area contiguous to another exploration permit of 30 km² belonging to it in the same locality. The new acquisition has “strong potential for lithium, tin, tantalum and rare earths”. According to inside sources, the transaction is subject to a 60-day due diligence as well as obtaining regulatory approvals.… Read More Here

Lithium

Huayou to explore Zimbabwe lithium plant ‘when conditions are right’

June 30, 2022June 30, 2022 admin

Huayou Cobalt on Thursday said it could not immediately commit to producing battery-grade lithium in Zimbabwe after the country’s competition authority made that a condition of its takeover of a lithium mine. China’s biggest cobalt refiner acquired the hard-rock Arcadia lithium mine, just outside the capital Harare, for $422 million earlier this year and has announced plans to invest $300 million in its development. But Zimbabwe’s Competition and Tariff Commission said in a June 22 notice that the deal was approved subject to Huayou undertaking to produce battery-grade lithium in Zimbabwe… Read More Here

Lithium

China’s Huayou faces clash with regulator over Zimbabwe lithium project

June 28, 2022June 28, 2022 admin

China’s Zhejiang Huayou Cobalt faces regulatory pressure to produce battery-grade lithium in Zimbabwe within five years, official documents seen by Reuters show, something the miner has already said cannot be achieved. China’s biggest cobalt refiner acquired the hard-rock Arcadia lithium mine just outside Harare for $422-million earlier this year and has announced plans to spend $300-million. But it has said production of battery-grade lithium in Zimbabwe is “not feasible” due to a shortage of electricity and other key inputs. However, as a condition for approving the deal the Competition and… Read More Here