Lithium - Copperbelt Katanga Mining

Metals price rally could hamper switch to green energy — IEA

May 6, 2021May 6, 2021 admin

Soaring metals prices may be good for miners, but they put at risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel, cobalt, lithium and other minerals to be manufactured, a new report warns. According to The International Energy Agency (IEA), reaching the goals of the Paris climate agreement would result in a quadrupling mineral demand by 2040. Yet a lack of investment in new mines could substantially raise the costs of clean energy technologies, the IEA said on Wednesday. “The… Read More Here

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Manono Lithium and Tin Project Operational Update

May 4, 2021May 10, 2021 admin

AVZ Minerals Limited (ASX:AVZ or “the Company”) is pleased to provide an operational update in relation to its flagship project, the Manono Lithium and Tin Project (“Manono Project”).AVZ Minerals Managing Director, Mr. Nigel Ferguson said: “Buoyant market conditions continue with both spodumene concentrate and lithium chemical prices strengthening on the back of rising electric vehicle demand, just as international Government policies advance the reduction of carbon emissions whilst securing strategic supply chains that feed domestic EV industries across the globe.” “Both market and geopolitical factors have fuelled a steep increase… Read More Here

Copper International Lithium Oil & Gas

Copper And Lithium Compete For The Title Of ‘New Oil’

April 30, 2021April 30, 2021 admin

Oil remains king of the energy sector, for now, but there’s a conga line of pretenders poised to claim the crown including copper which Goldman Sachs hailed last week as “the new oil”. The reasoning of analysts at the investment bank is that copper will play a key role in the rush to replace vehicles with internal combustion engines with electric vehicles (EVs) as well as being essential in everything else which uses electricity. Whether it’s going too far to award copper the title of commodity king is debatable, but… Read More Here

Lithium

IronRidge reports high lithium grades at Ghana project

April 20, 2021April 20, 2021 admin

Africa-focused minerals explorer IronRidge Resources has found additional high-grade lithium pegmatite drill intersections, including multiple drill intersections over 2% lithium oxide, at new targets adjacent to the Ewoyaa lithium project (ELP), in Ghana. The company has a defined Joint Ore Reserves Committee- (Jorc-) compliant mineral resource estimate of 14.5-million tonnes at 1.31% lithium oxide (Li2O) in the inferred and indicated category, including 4.5-million tonnes at 1.39% Li2O in the indicated category at ELP. Commenting on IronRidge’s latest progress, CEO Vincent Mascolo says the company has “defined a new mineralised structure at the Anokyi South target where a… Read More Here

Mining in DRC Lithium Tin

AVZ nails stunning lithium drill hits in the DRC

April 12, 2021April 12, 2021 admin

ASX-listed aspiring Central African lithium developer, AVZ Minerals’ resource drill out has reeled off a further batch of stunning thick, high-grade pegmatite drill hits from beneath the Roche Dure open-pit floor at its Manono hard-rock lithium and tin project in the Democratic Republic of the Congo. The Perth-based company says it has now kicked off an update of the existing mineral resource estimate for the massive Roche Dure deposit, which currently hosts 400 million tonnes of ore at an average grade of 1.65 per cent lithium oxide. The latest set… Read More Here

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AVZ signs binding SC6 offtake agreement with lithium converter

March 30, 2021March 30, 2021 admin

AVZ Minerals has secured a strategic, long-term offtake partner agreement with Yibin Tianyi Lithium Industry. The Company and Yibin Tianyi have signed a binding offtake agreement for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project. Yibin Tianyi is a leading global battery materials producer that is continuing to expand its lithium hydroxide production capacity as a key participant in the supply chain of Contemporary Amperex Technology (CATL), the world’s largest lithium-ion battery maker. AVZ’s MD, Nigel Ferguson, said: “We are very pleased to conclude our… Read More Here

Mining in DRC Battery Metals Lithium New Mining Projects

AVZ Minerals signs first tin offtake agreement for Manono project

March 29, 2021March 29, 2021 admin

Emerging Democratic Republic of Congo producer AVZ Minerals (ASX: AVZ) has secured a three-year offtake agreement for the sale of 600 metric tonnes per annum of tin concentrate from the Manono lithium and tin project to industrial metals trader Kalon Resources. The agreement is the first tin sale from Manono and equates to approximately 43% of the total tin concentrate available for sale from the project. Under the terms of the offtake deal, AVZ will supply 600 metric tonnes of concentrate to Kalon, with a minimum 55% tin content and expected grades… Read More Here

Lithium Cobalt Nickel

Nickel demand for EVs to outpace lithium and cobalt – report

March 17, 2021March 17, 2021 admin

As battery metals continue to rise to the forefront of attention, much has centered around lithium and cobalt. Governments have enacted policies to encourage investment into the critical raw materials they deem essential to the green energy transition. At the same time, supply chain concerns surrounding nickel have begun to garner increasing focus. As a key component of battery cathode chemistry in many existing and upcoming electric vehicles (EVs), nickel will remain an important metal to watch in the coming decade, market analyst Fitch Solutions maintains in its latest industry report. Fitch has updated its estimate of… Read More Here

Lithium

Lithium prices continue to climb, up 88% in 2021

March 17, 2021March 17, 2021 admin

Lithium prices continue to rise exponentially in China amid strong demand for lithium iron phosphate (LFP) batteries, the first-ever mid-month assessment by the Chinese supply chain research agency. batteries and the Benchmark Mineral Intelligence pricing reporting agency. The median benchmark battery grade lithium carbonate price (EXW China, ≥99.0% Li2CO3) for mid-March shows that the raw material has risen 88% just year-to-date to over 12,600 $ per tonne, the highest level since March 2019. Read More Here

Lithium Mining in DRC

AVZ signs second offtake agreement in DRC

March 10, 2021March 10, 2021 admin

ASX-listed AVZ Minerals has inked a second long-term offtake agreement with Chinese lithium converter Shenzhen Chengxin Lithium Group for spodumene concentrate from the Manono lithium and tin project, in the Democratic Republic of Congo. Chengxin has agreed to purchase up to 180 000 t/y of spodumene concentrate over an initial three year term, following the start of production at Manono, with the companies having the option to mutually agree to extend the offtake arrangement. “We are very pleased to conclude our discussions with Chengxin and to sign our second lithium… Read More Here