General Motors has delayed its second $330 million investment in lithium miner Lithium Americas until the end of this year, according to foreign media reports.Lithium Americas is seeking alternative financing options and has extended the deadline for closing the deal to December 20th. If the deal doesn't close on time, Lithium Americas may have to cede more rights to GM. GM sai...
Recently, the international price of lithium carbonate plummeted, as a lithium mining country in Argentina by a huge impact. Last year, the price of a ton of lithium carbonate up to 80,909 U.S. dollars, now only 10,483 U.S. dollars, mainly due to market oversupply. In the face of difficulties, Argentine mining companies have to save themselves,
In the past six months, lithium carbonate prices plummeted more than 30%, from the peak in March this year fell to the beginning of August 72,000 yuan / ton or so, although the recent slight rebound, but the overall decadence is difficult to hide. Market analysis suggests that lithium prices have touched near the cost line, the industry is facing serious challenges. Futures mar...
On August 18, CMR received a buy rating from Guosen Securities, a positive assessment that further highlights its strong strength and broad prospects in the mining industry. In the past month, China Mineral Resources has attracted the attention of as many as 6 research reports, which fully demonstrates the market's high degree of concern and recognition. The research report ...
Australian lithium miner Pilbara Mining has announced a major strategic move to acquire Latin Resources Ltd., a major lithium project in Brazil, in an all-stock transaction for approximately A$560 million (US$370 million). The acquisition marks the first step in Pilbara Mining's international expansion and is designed to further strengthen its position in the global lithium mar...
Recently, large-scale protests broke out again in Serbia over lithium mining. According to Agence France-Presse and Reuters, thousands of people took to the streets of the capital city of Belgrade to demand a halt to Rio Tinto's lithium mining program, fearing that it would contaminate land and water sources. The protests are said to be politically motivated and aimed at toppli...
The recent price of lithium carbonate continued to fall so that the industry under pressure, but the lithium enterprise overall start rate has not dropped significantly, the new capacity is also advancing. Shanghai Steel (300226) new energy division lithium analyst Zheng Xiaoqiang pointed out that in August lithium carbonate prices continue to explore the momentum is reduced, i...
Shanghai Steel Union released data show that as of August 2, the market price of battery-grade lithium carbonate has slipped significantly, compared with the previous record fell 1,000 yuan / ton, the current average price has fallen to 79,500 yuan / ton, officially fell below 80,000 yuan / ton of important psychological price. This change has triggered widespread concern in th...
Four months ago, domestic lithium mining giant China Mining Resources announced that it would acquire a copper mine in Zambia. The acquisition is China's resources to speed up the layout of the copper resources mining development step, the latest progress shows that the acquisition deal has been completed delivery. The latest announcement of China Mineral Resources disclosed th...