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Category: Lithium

ZIMBABWE MINERS FEDERATION APPLAUDS GOVT LITHIUM BAN 1 Mining Companies Lithium 

ZIMBABWE MINERS FEDERATION APPLAUDS GOVT LITHIUM BAN

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

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 stocks fall as prices ease for the first time in 6 months 2 Lithium International 

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

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
“Battery-grade” lithium trades at nearly USD 85,000 per ton 3 Lithium 

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

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
TANTALEX COMMENCES DRILLING ON HIGHLY PROSPECTIVE PEGMATITE CORRIDOR IN MANONO, DRC 4 New Mining Projects Battery Metals Lithium Mining in DRC 

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

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
AVZ Launches Legal Action to Affirm Interests in the Manono Project 5 Battery Metals Lithium Mining in DRC 

AVZ Launches Legal Action to Affirm Interests in the Manono Project

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
Lithium price to retreat from record as electric car sales slow 6 Lithium Battery Metals International 

Lithium price to retreat from record as electric car sales slow

arnbethnic
Extracting lithium involves pumping underground water deposits to the surface and then extracting the metal from evaporation pools. (Stock image.) Healthy demand from battery manufacturers and shortages have propelled lithium prices to records, but rising supplies and China removing subsidies for electric vehicles mean a retreat is on the cards. Battery grade lithium prices trading near $85,000 a tonne are more than double the levels seen at the start of 2022 and four times the levels seen in September 2021. China, which bought one of every two electric vehicles sold… Read More Here
Zimbabwe to enact a law that forbids the export of mineral concentrates 7 International Environment Social Governance (ESG) Lithium 

Zimbabwe to enact a law that forbids the export of mineral concentrates

Copperbelt Katanga News1 Comment
In a few days to come, Zimbabwe will gazette a law that will ban exports of raw minerals and concentrates to enable the country to fully benefit from its mineral wealth without having to export more jobs. Speaking at the official commissioning of the US$67 million new Central Shaft Expansion Project at Blanket Mine in Gwanda town, President Mnangagwa said the move to ban exports of raw lithium comes at a time when Chinese Nationals were getting the commodity at a song in Mberengwa depriving the people of fair value.… Read More Here
EV Battery Lithium Battery Metals Cobalt International 

A Battery Passport can create a circular economy for EVs

arnbethnic
Benedikt Sobotka warns that the lack of recycling capability could dramatically limit the speed at which the EV transition takes place Transportation currently accounts for 37% of global CO2 emissions, according to the International Energy Agency, which means the decarbonisation of the transport sector forms an essential part of any serious plan to address climate change. At the heart of this process is the transition from traditional, internal combustion engine (ICE) vehicles to electric vehicles (EVs). Global electric car sales have continued on a strong upward trend in 2022, with… Read More Here
Greening global economy brings dependence on critical minerals 8 Battery Metals Cobalt Copper Global markets Lithium Nickel 

Greening global economy brings dependence on critical minerals

arnbethnic
After nearly a century of geopolitical tension over access to oil, experts worry that the global transition to clean energy is creating new dependencies on the critical minerals needed for solar panels, wind turbines and electric vehicle batteries. ADVERTISING Control over most of these essential elements is concentrated in a handful of countries, none more than China, they note. Which metals are key for the energy transition? Cobalt, nickel, manganese and lithium are critical to making electric vehicle batteries. Rare earths such as neodymium, praseodymium and dysprosium are used in… Read More Here

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