Kent Masters, CEO of Arbor, the world's largest lithium producer, recently said that the West cannot economically stop relying on key Chinese minerals. Due to low lithium prices and high production costs, shifting to a Western supply chain “won't pay off”. Arbor has suspended expansion plans after losing $1.1 billion due to falling lithium prices. China accounts for 65% of g...
October 8, lithium carbonate main contract 2411 opened at 81,500 yuan / ton, closed at 76,650 yuan / ton, the closing price of the day than yesterday's settlement price fell 3.34%. The day's turnover of 381,012 hands, positions of 211,822 hands, a decrease of 5779 hands compared with the previous trading day, according to the SMM spot offer, the current futures discount electro...
Dazhong Mining has announced the commissioning of a second TBM (full cross-section tunnel boring machine for rock formations) at its Gada Lithium Project in Sichuan Province in order to improve prospecting efficiency and shorten the prospecting cycle time.The use of the TBM is an innovative move by Dazhong Mining in lithium mining, as it is capable of digging up to five times f...
Ioneer's Rhyolite Ridge lithium project in Nevada has received key regulatory approvals from the U.S. Bureau of Land Management (BLM) and is expected to be a key source of supply of the metal for electric vehicle batteries. The project, 362 kilometers north of Las Vegas, is expected to produce lithium at an annual rate to meet the demand for approximately 370,000 electric vehic...
European lithium refinery starts up in Germany Bitterfeld-Wolfen in the German state of Saxony-Anhalt has welcomed the start-up of a European lithium refinery, operated by AMG, marking an important advancement in Europe's autonomy in the supply chain for electric vehicle batteries. The plant is expected to produce 20,000 tons of lithium hydroxide per year, meeting the battery n...
Caixin News Agency, September 20, CITIC Securities research report shows that the second quarter of this year, lithium prices have warmed up, prompting overseas lithium mine supply rose year-on-year. At the same time, the South American salt lake lithium enterprises in the quarter production year-on-year growth, the performance also showed a ringing trend. However, this domesti...
Recently, in the Jingmen launched the “search for minerals action”, the new discovery of important mineral resources, including phosphate, lithium ore and shale gas. These discoveries are located in the transition zone from the hills to the plains, and are rich in stratigraphy, providing Jingmen with advantages and great potential for the development of the mining economy. T...
Delivery place Price Product name Remarks Origin/brand Time Shandong Province RMB 113000.00/ton Lithium carbonate Grade:Industrial China 2024-09-12 Jiangsu 200.00 Yuan/kg Lithium carbonate 99.99% China 2024-09-12 Jiangsu Province RMB 85000.00/ton Lithium carbonate Battery grade China 2024-09-12 Henan $95,000.00/ton Lithium carbonate 99.5 YS/T582-2...
Recently, lithium carbonate futures prices continued to fall, September 6, the main contract closing price hit a record low of 71,200 yuan / ton, down more than 30% during the year. Although new energy vehicle sales growth led to lithium battery demand, but the situation of oversupply has not changed, resulting in lithium carbonate prices under pressure. Industry analysis, the ...