Lithium - Copperbelt Katanga Mining

AVZ nails 279m lithium hit in DRC

February 6, 2021February 6, 2021 admin

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

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

February 4, 2021February 4, 2021 admin

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

Lithium

Manono to have one of the lowest carbon footprints globally

January 21, 2021January 21, 2021 admin

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

Cobalt Lithium Nickel

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

January 18, 2021January 18, 2021 admin

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

Mining in DRC Lithium

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

January 17, 2021January 17, 2021 admin

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

Lithium International

Weak lithium prices could slow EV revolution – Albemarle

January 14, 2021January 14, 2021 admin

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

Lithium Battery Metals Mining in DRC New Mining Projects

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

December 26, 2020December 26, 2020 arnbethnic

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

Battery Metals International Lithium

Carbon filler improves Lithium-ion battery performance

November 17, 2020November 17, 2020 admin

New research published in Applied Physics Reviews claims to offer a solution to the issue of lithium-ion batteries not being able to provide high power output while simultaneously allowing reversible energy storage. The solution, presented by scientists with the University of Texas at Austin, Stony Brook University, and the Brookhaven National Laboratory shows how the inclusion of conductive fillers improves battery performance. In their paper, the researchers say the optimum battery design involves thick electrode structures to enhance energy density. However, such a design suffers from poor lithium-ion transport, a key step in… Read More Here

Mining in DRC Lithium

Congolese Government agencies meet AVZ to progress Manono SEZ

October 22, 2020October 22, 2020 admin

AVZ Minerals has advised that key Congolese Government agencies met with AVZ staff and legal Counsel as part of a two-day workshop. AVZ’s MD, Nigel Ferguson, says: “Progressing discussions on the SEZ has proved challenging during the last seven months due to COVID-19 travel bans imposed in the DRC and thesubsequent availability of key Congolese Government representatives. “We are excited with the very recent progress achieved with the Congolese Government and look forward to a positive outcome being reached in terms of creating a workable and transparent SEZ agreement for… Read More Here

Lithium Mining in DRC New Mining Projects Tin

AVZ Minerals to increase stake in Manono project in the DRC

September 21, 2020September 24, 2020 admin

Mineral exploration company AVZ Minerals has revealed that it will boost its equity stake in the Manono lithium/tin project, in the Democratic Republic of Congo (DRC), to 75% in a $15.5-million share sale purchase agreement. The ASX-listed company will buy an additional 10% equity stake in the project from its joint venture partner, Dathomir Mining. Under the agreement, AVZ has paid $500 000 to Dathomir Mining as an advance payment. The remaining $15-million will be paid at any time within 12 months of the agreement being executed, or as soon… Read More Here