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(Reuters) – It’s been a brutal year to be in the battery metals business. Prices of lithium, nickel and cobalt collapsed in 2023 and have continued grinding steadily lower over the course of 2024. A sector that was once racing to build new supply has been closing mines and deferring projects as low prices bite …
Electric Dreams Turn into a Nightmare for Battery Metals Read More »
Lobito railway will transport critical minerals to Atlantic Effort by US to counter Chinese dominance of mining in Africa President Joe Biden meets Lobito Atlantic Railway workers at the Port in Lobito, on Dec. 4.Photographer: Andrew Caballero-Reynolds/AFP/Getty Images President Joe Biden is rounding off his trip to Angola by announcing $600 million in new financing for a …
Summary Preliminary deal for 100,000 metric tons over several years Arkansas must first set lithium royalty rate Exxon sees lithium demand rising despite Trump’s EV comments Exxon still deciding on which direct lithium extraction technology to use HOUSTON, Nov 20 (Reuters) – Exxon Mobil said on Wednesday it has signed a non-binding lithium supply deal …
Exxon Mobil Signs Non-Binding Lithium Supply Deal with LG Chem Read More »
By Annie Lee Lithium ore at a mine in Minas Gerais state, Brazil.Photographer: Dado Galdieri/Bloomberg A substance seen as critical to the green energy revolution, lithium, is at risk of a future supply crunch. Even though a recent surplus of the metal has been crashing prices, demand for lithium is set to grow by almost …
Producing Lithium Is Slow and Dirty. Is There a Fix? Read More »
(Reuters) – Electric vehicles (EVs) were supposed to supercharge demand for metals such as lithium, nickel and cobalt. Yet prices for all three EV battery inputs have fallen to such bombed-out levels that producers are curtailing output and deferring new projects. This is partly a problem of oversupply. Explosive price rallies in 2021 and 2022 …
Electric Vehicles Prove a Bumpy Ride for Battery Metals Read More »
By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. “Fracking” is an expletive in environmental circles. Yet the spirit of shale is creeping into a business with transformational potential for …
The Spirit of Fracking Comes to U.S. Lithium Mining Read More »
Company extracted 96% of lithium from brine at its demo plant Oilfield contractor looks for opportunities to sell technology SLB, the world’s biggest oilfield services provider, said it achieved results at a lithium project that prove it can some day produce the battery metal at a commercial scale with less impact on the environment. In …
SLB Says Lithium Breakthrough Brings Full-Scale Plant Closer to Reality Read More »
By Ernest Scheyder Piedmont Lithium’s headquarters is seen in Belmont, Gaston County, North Carolina, U.S., July 16, 2021. Picture taken July 16, 2021. REUTERS/Ernest Scheyder/File Photo Summary CEO cites market conditions, plans to reapply for DOE loan later Company faces financial stress amid 83% drop in lithium prices Piedmont cancels Tennessee project, N.Carolina plans face delays …
Piedmont Lithium Pulls U.S. Government Loan Application as Prices Slump Read More »
By Eric Onstad (Reuters) – Many companies are reluctant to invest in critical minerals and energy transition projects due to uncertainty about consumer demand for EVs and government commitment to zero-carbon goals, industry players said. The long-term picture is intact of a world needing large quantities of materials such as lithium, cobalt and copper to enable …
(Reuters) – In a dusty plain in northern Argentina’s mountains, black tubes stretching two stories high fill a massive tank with salty brine sucked from deep below ground. The brine contains lithium, a silvery white metal essential for making electric vehicle batteries and in high demand as the world shifts to green energy. French miner …
Global Lithium Sector Eyes Argentina’s Salt Flats on Tech Test Run Read More »
