Lithium - Copperbelt Katanga Mining

General Motors invests $650mn in US lithium mine to secure EV battery materials 1

General Motors will invest $650mn in a US lithium mine, a record investment by a carmaker to secure the raw materials used in electric vehicle batteries. The US group will make an initial investment of $320mn by mid-2023 in return for exclusive rights to the first stage of lithium production at Lithium America’s Thacker Pass in the US state of Nevada and almost 10 per cent of the miner’s shares, with a further $330mn to follow later on. “It’s a landmark transaction, and it certainly won’t be the last major… Read More Here

You got to know this Cobalt Lithium

EXPENSIVE BATTERY METALS

January 10, 2023January 11, 2023 Constance

The most expensive battery metals are generally considered to be lithium, cobalt, and nickel. Lithium is the lightest metal and the least dense solid element. It is used in batteries for portable electronic devices, as well as electric vehicles. The price of lithium has fluctuated in recent years, but it is generally considered to be one of the most expensive battery metals. Cobalt is a hard, lustrous, gray metal that is commonly used in rechargeable batteries for smartphones and electric vehicles. The price of cobalt has also fluctuated in recent… Read More Here

International Lithium

3 Trucks Smuggling Lithium Detained At Beitbridge Boarder-Zimbabwe

January 3, 2023January 3, 2023 Constance

Beitbridge Boarder post Yesterday intercepted a consignment of lithium ore on three haulage trucks belonging to one Bernard Tafadzwa Mnangagwa. The ore was being smuggled to South Africa and was declared as manganese, it is alleged. The government recently banned the exports of raw lithium with immediate effect in an effort to value-add minerals and support local production and employment creation. The ban was effected through STATUTORY INSTRUMENT (S1) 213 OF 2022 titled Base Mineral Export Control (Unbeneficiated Lithium Bearing Ores) Order 2022. Officer commanding Beitbridge police district, Chief Superintendent… Read More Here

Lithium International

Nigerian Professor Applauds Zimbabwe’s Lithium Ban

December 23, 2022December 24, 2022 Constance

Africa appears to be coming into its own as now, Zimbabwe has banned its export of Lithium needed for making batteries and electric cars, asking those who need them to move manufacturing to Zimbabwe. This comes after the release of Mali from the shackles of France and the refusal of Ghana and Ivory Coast to export raw cocoa. Finally, some African leaders are beginning to do the needful. Said Dr Henrietta Onwuebguzie ”It is my hope that the African Union, will support other countries to move in a similar direction.… Read More Here

Mining Companies Lithium

ZIMBABWE MINERS FEDERATION APPLAUDS GOVT LITHIUM BAN

December 20, 2022December 20, 2022 Constance3 Comments

The Zimbabwe Miners Federation (ZME) has supported thethat the export of the ore has been prejudicing the government through loss of revenue which is detrimental to the country’s target of attaining the US$12 billion Mining industry by end of 2023.Rudairo MapurangaThe Zimbabwe Miners Federation (ZMF) through its President Ms Henrietta Rushwaya says that the export of raw lithium gave rise to leakages and serious job exports in the lithium subsector with other countries benefiting from jobs that could have been of native Zimbabweans.The ZMF said the ban on raw lithium… Read More Here

LITHIUM EXPORT BAN NOW IN FORCE IN ZIMBABWE

December 20, 2022December 20, 2022 Constance

The Government of Zimbabwe has Banned the export of raw Lithium to enable value addition and beneficiation in an effort to see the country benefit from the clean energy revolution. The country has been losing millions of dollars from raw Lithium exports with president Emmerson Mnangagwa expressing discontent with the way the lithium clandestinely left the country. This has led the Government through the Minister of Mines and Mining Development Hon Winston Chitando to ban the export through section 3(1) (a) of Base Minerals Export Control act in… Read More Here

Lithium International

Lithium stocks fall as prices ease for the first time in 6 months

December 19, 2022December 19, 2022 Constance

Shares of lithium producers and explorers slumped on Thursday after a closely watched auction by Pilbara Minerals showed a rare decline in prices of spodumene concentrate. Pilbara Minerals (ASX:PLS) announced its average monthly auction in December achieved a price of $7,552 per dry metric tonne (5.5% spodumene concentrate on a Port Hedland FOB basis), down from $7,805 a month earlier. The price for the 10,000 tonne cargo equates to $8,299 per tonne on a 6% concentrate (CIF, China) basis with deliveries expected from late January 2023. Pilbara Minerals, which wholly-owns the Pilgangoora mine… Read More Here

Lithium

“Battery-grade” lithium trades at nearly USD 85,000 per ton

December 16, 2022December 16, 2022 Constance

Healthy demand from battery makers and shortages have propelled lithium prices to record highs, but increased supply and the removal of subsidies for electric vehicles by China mean a pullback is to be expected. Battery-grade lithium prices trading near $85,000 per ton are more than double the levels seen in early 2022 and four times the levels seen in September 2021. China, which bought one in every two electric vehicles sold last year, is expected to remain the number one country for electric vehicle sales for many years to come. But… Read More Here

New Mining Projects Battery Metals Lithium Mining in DRC

TANTALEX COMMENCES DRILLING ON HIGHLY PROSPECTIVE PEGMATITE CORRIDOR IN MANONO, DRC

December 14, 2022December 14, 2022 arnbethnic

Tantalex is pleased to announce that its 70% owned DRC subsidiary United Cominiere SAS has started exploration drilling on the Pegmatite Corridor which is immediately downstrike from the world’s largest undeveloped hard rock lithium resource. Blue Sky Lithium Discovery Potential The TiTan project The Company would also like to update it’s shareholders on the progress of the TiTan plant construction which remains on schedule for a start of operations in March 2023. The access road upgrade between Manono and the Titan plant location has been completed and the teams are… Read More Here

Battery Metals Lithium Mining in DRC

AVZ Launches Legal Action to Affirm Interests in the Manono Project

December 8, 2022December 8, 2022 arnbethnic

AVZ Minerals Limited through its wholly owned subsidiary AVZ International Pty Ltd (AVZI), on 1 December 2022 filed the first of two International Chamber of Commerce (ICC) arbitrations against Dathomir Mining Resources SARL (Dathomir) (First Dathomir Arbitration) and expects to file the second arbitration shortly (Second Dathomir Arbitration) (together the Dathomir Arbitrations). The purpose of the Dathomir Arbitrations is to seek a declaration affirming AVZI’s legal title to the 15% stake in the Manono Project acquired under the validly executed and completed sale and purchase agreements with Dathomir, there being… Read More Here