Lithium - Copperbelt Katanga Mining

Sunresin’s Lithium Extraction Technology Opens a New Chapter in Southwest China 1

On January 10, Sunresin and Tibet Mineral Development Co.,Ltd signed a 10,000-ton lithium hydroxide contract featuring the Jiezechaka Salt Lake. According to the contract, Sunresin will undertake the construction of the 10,000-ton/year lithium hydroxide production line from salt brine, and provide operation management services for a period of 15 years, contributing to a total of 150,000 tons of standard lithium hydroxide to the market. The contract also includes the intention for Sunresin to provide services for the construction and operation management of the second phase of 20,000 tons and the… Read More Here

Battery Metals International Lithium

Supply squeeze risks are pushing lithium price higher and higher

January 12, 2022January 12, 2022 admin

Lithium has burst into 2022 with a fresh price spike that hands electric-vehicle makers more warning of even sharper cost pressures to come. Supplies of the mainstay battery material face a series of near-term risks that threaten deeper shortages just as demand accelerates with rising global EV adoption. An already-tight market is being roiled by everything from plant maintenance and Winter Olympics curbs in China, to pandemic-related labor shortages in Australia. That’s set to ratchet up the squeeze on EV manufacturers after a year that saw global lithium prices almost… Read More Here

Mining in DRC Lithium

DRC lithium sector faces potential supply chain risks – report

December 13, 2021January 5, 2022 admin

A new investigation into the Democratic Republic of Congo’s (DRC’s) nascent, but globally significant, lithium sector sounds the alarm on a swathe of potential supply chain risks, with Global Witness’ report raising key questions about how future production and its environmental impacts will be managed and who stands to benefit if the DRC’s lithium deposits are to meet the growing demand for minerals critical to renewable energy technologies. Set to start in 2023, the country’s lithium production is driven by richer nations’ efforts to decarbonise their economies, with global lithium… Read More Here

Battery Metals Lithium Mining in DRC

AVZ raises A$75m for lithium project- DRC

December 10, 2021January 5, 2022 admin

AVZ Minerals Limited (ASX: AVZ, “the Company” or “AVZ”) is pleased to announce it has received firm commitments for a placement to raise $75 million (before costs) with 85% of funds coming via new global institutions and the balance from existingsophisticated shareholders including cornerstone investor Suzhou CATH Energy Technologies (“CATH”). The placement was significantly oversubscribed and further confirms the significant level of interest in the Company’s world-class Manono Lithium and Tin Project (“Manono Project”) situated in the Democratic Republic of the Congo (“DRC”).The successful capital raising allows the Board of… Read More Here

Battery Metals Lithium Mining in DRC

lithium-ion battery factory estimated at 39 million USD in the DRC against 112 million USD in China

November 29, 2021November 29, 2021 admin

In a study released during DRC AFRICA BUSINESS FORUM, BloombergNef argues that the Democratic Republic of the Congo could leverage its abundant cobalt resources and hydroelectric power to become a low-cost, low-emission producer country. lithium-ion battery cathode precursors. The research paper estimates that it would cost $ 39 million to build a 10,000 metric tonne cathode precursor plant in the DRC. That’s three times cheaper than a similar factory in the United States would cost, whereas if it was built in China or Poland, it would cost $ 112 million… Read More Here

Cobalt Battery Metals Copper Lithium Mining in DRC

We remain mobilized to support the battery industry in Africa, starting in the DRC – AfDB Boss

November 26, 2021November 26, 2021 admin

The DRC – Africa Business Forum closed on Thursday in Kinshasa. This high-level forum intends to provide solutions to improve the living conditions of Africans by developing value chains linked to the mining resources used in electric batteries (cobalt, copper, lithium, manganese, nickel, graphite). A way to take advantage of the global transition to green energy, the use of electricity in transport systems and the decarbonisation of economies “We remain mobilized with other partners to support the development of the battery industry in Africa, starting in the Democratic Republic of… Read More Here

Battery Metals Lithium Mining in DRC

How Congo could become low-cost, low-emissions producer of battery materials – report

November 26, 2021November 26, 2021 admin

In a report launched at the DRC-Africa Business Forum 2021 taking place this week in Kinshasa, BloombergNEF (BNEF) states that the Democratic Republic of the Congo (DRC) could leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials. The research paper estimates that it would cost $39 million to build a 10,000 metric-tonne cathode precursor plant in the DRC. This is three times cheaper than what a similar plant in the US would cost, whereas if it were to be built… Read More Here

Battery Metals Lithium Nickel

Kabanga says Tanzania mine may answer Elon Musk’s nickel plea

November 19, 2021November 19, 2021 admin

Kabanga Nickel Ltd. is seeking to raise $1.3 billion for a massive mining project in Tanzania that the company says could help ease electric-vehicle manufacturers’ insatiable demand for nickel. “We are accelerating this kind of discussions as quickly as possible,” Chief Executive Officer Chris Showalter, a former investment banker, said in an interview. “Because of the quality of the project, we have developed a substantial interest.” Kabanga is trying to secure funding for a $950 million mine and $350 million refineries that would be developed simultaneously in the northwest part… Read More Here

Battery Metals Lithium

Rio Tinto invests in European EV battery producer InoBat Auto

November 19, 2021November 19, 2021 admin

Rio Tinto (ASX, LON, NYSE: RIO) announced Tuesday it is investing in European battery technology and manufacturing company InoBat Auto. InoBat is leading the construction of a 290,000 square-foot, first-of-its-kind electric vehicle battery R&D center and pilot line in Slovakia, where it plans to integrate research and development activities together with battery cell-manufacturing capabilities. The world’s second-largest miner is expanding its footprint in Europe — in July committing $2.4 billion to the Jadar lithium-borates project in Serbia, one of the largest greenfield lithium projects in development. Rio said last month 60 Jadar mines wouldn’t fill… Read More Here

Battery Metals Lithium

Rise in battery costs to keep lithium price rallying — report

November 16, 2021November 16, 2021 admin

Lithium prices have rallied in 2021 and are now at record-high levels, amidst the sharp acceleration in demand during a global supply struggle. In its latest industry report, market analyst Fitch Solutions revised up significantly both its lithium carbonate and hydroxide price forecasts from 2021 to 2026, to incorporate higher global EV sales assumptions from its Autos team and subsequent stronger lithium demand for batteries. Fitch was expecting prices to remain on an uptrend over 2021-2022. The analyst launched the new lithium price forecast in May 2021, but lithium prices have rallied beyond… Read More Here