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Category: Lithium

AVZ awards FEED study to Mincore to progress Manono lithium and tin project in DRC 1 Mining in DRC Lithium Tin 

AVZ awards FEED study to Mincore to progress Manono lithium and tin project in DRC

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AVZ Minerals Ltd has announced it has awarded a 12-week Front End Engineering and Design (FEED) contract to Melbourne-based engineering company, Mincore Pty Ltd for its Manono lithium and tin project in DRC. Key deliverables of the FEED study include: confirm the process flowsheet, confirm all bulk material quantities to verify pricing, confirm selected equipment pricing, finalisation of the execution schedule and provide “Issued for Construction” early works drawings. The Manono project is owned by AVZ (60%), La Congolaise d’Exploitation Minière SA (30%) (Cominiere, a State-owned enterprise) and Dathomir Mining… Read More Here
Battery metals are critical over the next decade, Roskill says 2 Cobalt International Lithium Mining in DRC Nickel 

Battery metals are critical over the next decade, Roskill says

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The growing adoption of electric vehicles (EVs) is driving the increasing demand for lithium, nickel and cobalt – critical metals used as cathode materials for lithium-ion batteries in the automotive, energy and electronics industries. According to Deloitte’s Electric Vehicle Trends, EV sales are forecast to grow from 2.5 million in 2020 to 11.2 million by 2025, and to 31.1 million by 2030. Analysts from Roskill, a commodity research firm and a leader in critical materials supply chains, provide an outlook on battery metals’ markets over the next decade. Lithium Global demand for… Read More Here
AVZ lands more long lithium hits in DRC 6 Mining in DRC Lithium 

AVZ lands more long lithium hits in DRC

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AVZ Minerals’ resource drill out continues to impress with broad drill intersections of pegmatite discovered in the Roche Dure pit floor at the company’s massive Manono lithium and tin project in the Democratic Republic of the Congo. AVZ says the project will spit out an incredible US$400 million a year in average EBITDA when fully developed. The eye-catching EBITDA in last year’s definitive feasibility study on Manono was calculated based on 100 per cent ownership of the asset. AVZ currently holds 60 per cent of the project and has an… Read More Here
AVZ nails 279m lithium hit in DRC 7 Mining in DRC Lithium 

AVZ nails 279m lithium hit in DRC

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AVZ Minerals is set to expand its lithium resource at its Manono project in the DRC with drilling below the current pit floor delivering an incredible 279.2 metre intercept grading 1.45 per cent lithium oxide from only 24.06m down-hole. With lithium companies currently enjoying a resurgence, AVZ continues to show that it may well have the biggest and best undeveloped lithium deposit in the world today. Curiously, the recent 279m drill hole that also delivered 1,035 parts per million tin was drilled in a zone previously considered to be “waste… Read More Here
Lithium price in China surges 40% to 18-month high 8 Lithium 

Lithium price in China surges 40% to 18-month high

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Lithium prices are soaring in China on the back of heavy demand for lithium iron phosphate (LFP) batteries, a new report by battery supply chain research and price reporting agency Benchmark Mineral Intelligence shows. Benchmark’s battery grade lithium carbonate midpoint price (EXW China, ≥99.0% Li2CO3) in January surged by over 40% compared to the same month last year to 61,000 yuan per tonne (~$9,450 a tonne), the highest level since June 2019. Price came close to $25,000 a tonne at the start of 2018 but has been in steady decline since then.… Read More Here
Manono to have one of the lowest carbon footprints globally 9 Lithium 

Manono to have one of the lowest carbon footprints globally

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An independent study of the Manono lithium and tin project, in the Democratic Republic of Congo, has found that it is likely to have one of the lowest carbon footprints of any global hard rock lithium project. ASX-listed AVZ Minerals on Thursday told shareholders that the greenhouse gas (GHG) assessment, completed by Environmental Resource Management, evaluated the Scope 1 and Scope 2 emissions associated with the operation over its 20-year mine life. The low carbon footprint expected at Manono was owing to AVZ’s strategic location adjacent to the Mpiana Mwanga hydroelectric… Read More Here
Mines: good prospects for cobalt, nickel and lithium prices following the boom in electric vehicles 10 Cobalt Lithium Nickel 

Mines: good prospects for cobalt, nickel and lithium prices following the boom in electric vehicles

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Battery metals are expected to rebound this year as the electric vehicle boom is supported by the post-pandemic push for a green economic recovery. Another positive wind for lithium, cobalt and nickel comes as further stimulus is expected to fuel inflation, boosting demand for durable assets like commodities. The dollar’s reflation and weak trade mean it’s not just an electric vehicle (EV) story anymore, according to Trafigura, the world’s second-largest metals trader. BloombergNEF predicts tight markets for lithium, battery grade nickel and cobalt to drive prices higher this year, but not… Read More Here
Lithium sulphate Mining in DRC Lithium 

Lithium sulphate from AVZ Minerals’ Manono project confirmed suitable for batteries

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Emerging Democratic Republic of Congo lithium producer AVZ Minerals (ASX: AVZ) reported that bench tests have confirmed the primary lithium sulphate (PLS) from the proposed Manono mine is suitable as battery feedstock. And an independently tested planned production flow sheet shows that PLS with greater than 80% lithium content can be produced from Manono. Kingston Process Metallurgy of Kingston, Ontario, conducted the bench-scale tests to produce 1.5kg of PLS from 9kg of Manono spodumene. Acid roasting was conducted at different ratios. AVZ says successful roasting within the expected design ranges was achieved,… Read More Here
Weak lithium prices could slow EV revolution – Albemarle 11 Lithium International 

Weak lithium prices could slow EV revolution – Albemarle

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Global supplies of lithium used to make electric vehicle (EV) batteries will fall short of projections for demand to more than triple by 2025 if prices do not rebound to fund expansions, an executive at industry leader Albemarle Corp said on Tuesday The warning laid bare the tension emerging in the EV industry between the companies that supply the lithium crucial for battery development and automakers who are hunting for discounts. Prices for lithium dropped last year due in part to the coronavirus pandemic, forcing Albemarle and peers to pause expansions,… Read More Here
AVZ Minerals Lithium Battery Metals Mining in DRC New Mining Projects 

AVZ Minerals concludes a sales contract with FL International of Ganfeng Lithium of China | DRC

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The mining company AVZ Minerals announced on December 24, 2020, the conclusion of a supply agreement with GFL International, a subsidiary of the Chinese producer of materials for electric batteries, Ganfeng Lithium, reports Agence Ecofin. With an initial term of five years and likely to be extended, this partnership covers the annual sale of spodumene concentrate (SC6), up to 160,000 tonnes, from the future Manono tin and lithium mine. in the province of Tanganyika. “The fact that we signed our first take-off agreement with the largest Chinese producer of lithium… Read More Here

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