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Category: Lithium

Electric battery industry to generate about 168 billion USD by 2030 1 Battery Metals Lithium Mining in DRC 

Electric battery industry to generate about 168 billion USD by 2030

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In a report released a few hours ago, Global Data reports that battery industry revenue is expected to exceed US$168 billion by 2030, registering a compound annual growth rate (CAGR) by 14%. The report states that the market will be driven up by sales of lithium-ion batteries. According to Global Data analyst Michael Orme, it is the Chinese battery manufacturer CATL that today symbolizes this dominance. “  CATL rose from almost nothing five years ago to capture more than 30% of the global market, which is twice the share of the… Read More Here
China's Huayou Cobalt to invest $300m in Zimbabwe lithium mine 2 Cobalt Lithium 

China’s Huayou Cobalt to invest $300m in Zimbabwe lithium mine

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China’s Zhejiang Huayou Cobalt plans to invest $300-million on rapid development of a lithium mine and processing plant at its newly acquired Arcadia project in Zimbabwe, according to company documents seen by Reuters on Tuesday. Huayou, one of the world’s biggest producers of cobalt, recently completed a $422-million purchase of the hard-rock lithium mine just outside Harare from Australia-listed Prospect Resources PSC.AX and other Zimbabwean minorities.  “We intend to develop the project rapidly over the next year and invest around $300-million to develop the mine and construct a process plant with a capacity… Read More Here
6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector 3 Battery Metals International Lithium 

6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector

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Despite its undeniable rise in the automotive market in recent years, the electric car automotive industry will face several risks related to the supply of raw materials. According to a report by the International Energy Agency (IEA), lithium needs are particularly critical. They are expected to increase sixfold by 2030, to 500 kilotonnes, requiring the opening of 50 new mines. These minerals are extracted mainly in countries such as Australia, Chile or the Democratic Republic of Congo, considered as the new destination for this market. But China produces three-quarters of lithium-ion… Read More Here
Chinese, Australian investors battle for largest lithium deposit 4 Mining in DRC Battery Metals International Lithium 

Chinese, Australian investors battle for largest lithium deposit

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Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from Chinese investors, according to Boatman Capital. AVZ’s interest in the Manono lithium project in the Democratic Republic of Congo could fall to 36% from 75%, London-based short-seller Boatman said in a research report on Friday. That may follow its planned sale of a 24% stake this month and a flurry of lawsuits from companies, including Zijin Mining Group Co., claiming ownership, documents published by Boatman show. “At best,… Read More Here
Battery boom pulls trading giant Trafigura into lithium business 5 Battery Metals International Lithium 

Battery boom pulls trading giant Trafigura into lithium business

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Trafigura Group said its plan to invest in a new UK lithium refinery will mark the start of the trading giant’s foray into buying and selling the crucial battery metal. Last week’s agreement to back the plant being developed by startup Green Lithium brings the world’s top independent commodities trader into a market struggling to create enough new supply to meet demand for electric vehicles. The deal is part of Trafigura’s plan to grow a lithium trading book and link global car and battery companies to mines, its nickel and… Read More Here

DRC Minister of Mines signs the exploitation permit in favor of AVZ Minerals, What next?

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The Minister of Mines of the Democratic Republic of Congo (DRC), Antoinette N’Samba Kalambayi, has signed an order granting an exploitation permit to the mining company AVZ Minerals for its Manono lithium project. The announcement was made by the Australian mining operator on Wednesday May 4, 2022. With the signing of this decree, he thinks, AVZ Minerals is thus entering a decisive turning point for its plans to materialize this flagship asset, the Manono lithium project. Once the document from the Minister of Mines has been obtained, AVZ Minerals is… Read More Here
Good times are ahead for lithium miners as prices continue to surge 6 Battery Metals International Lithium 

Good times are ahead for lithium miners as prices continue to surge

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Good times are ahead for producers of lithium, the battery material that’s key to the electrification of transportation. Albemarle Corp., the world’s No. 1 miner of the silvery, white metal, boosted profit forecasts for the year as lithium prices soar due to demand from electric vehicles. The third biggest miner, Livent Corp., did the same. The popularity of electric vehicles has driven prices for battery metals sharply higher, even sparking fears of shortages of materials like lithium, cobalt and nickel. Lithium supplies are a concern in particular because there’s no… Read More Here
AVZ Minerals scores long-awaited Manono Project license 7 Battery Metals Lithium Mining in DRC Tin 

AVZ Minerals scores long-awaited Manono Project license

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AVZ Minerals Limited (ASX: AVZ, OTCQX: AZZVF) (AVZ or Company) is pleased to announce that the Minister of Mines has issued the Ministerial Decree to award the Permit d’Exploitation (PE or Mining Licence) for its flagship Manono Lithium and Tin Project (Manono Project). Dathcom Mining SA is 75% owned by AVZ International Pty Ltd, a wholly owned subsidiary of AVZMinerals Limited.Award of the Mining LicenceThe signing of the Ministerial Decree to award the Mining Licence to Dathcom Mining SA (Dathcom), in which AVZ holds a 75% interest via its wholly… Read More Here
Musk appeals for more lithium production to meet battery demand 8 Battery Metals Lithium 

Musk appeals for more lithium production to meet battery demand

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Tesla Inc. Chief Executive Officer Elon Musk made a public appeal for more investment in lithium mining to close what he sees as a yawning gap between supply and demand that’s being fueled by the adoption of electric vehicles. Battery production, and more specifically lithium, is the “fundamental limiting factor” for electric-vehicle adoption worldwide, Musk said on an earnings call with investors Wednesday. “We think we’re going to need to help the industry on this front,” Musk said. “I’d certainly encourage entrepreneurs out there who are looking for opportunities to… Read More Here
Financing of Electric Battery Project -DRC 9 Battery Metals Cobalt Lithium Mining in DRC 

Financing of Electric Battery Project -DRC

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Antoinette N’SAMBA KALAMBAYI is expected today Wednesday in Haut Katanga. The Head of State will launch the Center of Excellence specialized in training and research in battery chemistry and technology. Indeed, the Democratic Republic of Congo (DRC) aims to become a world leader in the production of electric car batteries, this is what emerged from the statement made by Congolese officials at the opening of the “DRC AFRICA BUSINESS FORUM ” forum organized last year in Kinshasa. The Congolese authorities have, on occasion, highlighted the large deposits of lithium and… Read More Here

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