LITHIUM, enough resources for all electric vehicles?

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Re: LITHIUM, enough resources for all electric vehicles?




by moinsdewatt » 25/05/20, 01:17

The Covid19 has a very strong impact on the production of Lithium in Latin America. Projects stopped or canceled. $ 960 million in lost Lithium sales.

Coronavirus halts lithium expansion in Argentina and Chile
Projects under development halted and significant investments canceled, as impact of Covid-19 pandemic begins to hit home.


Despite expectations of greater development, the lithium sector in Argentina and Chile is being slowed by the coronavirus. Projects under development have been halted by the mandatory quarantine, while significant investments have already been canceled.

Argentina, Bolivia and Chile are part of the so-called “lithium triangle” of South America, a region with some of the world's highest concentrations of the metal. It is central to the expansion of electric vehicles, the demand for which is expected to increase in the coming years.

Due to the quarantine measures, lithium production is expected to drop globally by 110,000 tonnes this year, representing a loss of US $ 960 million, according to English consultancy Roskill. In Argentina, production is expected to drop 35 percent, and in Chile by 20 percent.

On top of live projects slowing down, planned investments have been delayed or canceled, in several cases by Chinese companies. China is the world's leading consumer of lithium, primarily for battery manufacturing.

While Chile is a mining country with extensive development and exports of US $ 40,000 million per year in minerals, Argentina still has an incipient mining development - with exports of US $ 3.7 billion. The government is seeking further development and hopes that lithium will do just that.

“Lithium production is highly vulnerable to the kinds of disruptions a pandemic like coronavirus can cause,” said Emily Hersh, an economist specializing in the lithium market. “Quarantine is going to affect the industry generally.”
..............

https://www.batimes.com.ar/news/economy ... hile.phtml
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moinsdewatt
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Re: LITHIUM, enough resources for all electric vehicles?




by moinsdewatt » 28/06/20, 15:26

Continuation of this post on Nov 3, 2019 http://www.oleocene.org/phpBB3/viewtopi ... 5#p2291005

The Pastos Grandes project in Argentina receives the environmental OK.

Argentina approves Millennial Lithium's environmental impact assessment for Pastos Grandes

MINING.COM Staff Writer | June 24, 2020

The Environmental and Mining Authority of Argentina's Salta province approved Millennial Lithium's (TSXV: ML) environmental impact assessment for the construction and operation of its Pastos Grandes project.

The approval was granted to the Canadian miner's subsidiary Proyecto Pastos Grandes SA and it allows for a 24,000-tonne-per-year battery-grade lithium carbonate production facility to run on the property.

Known in Spanish as “Declaración de Impacto Ambiental” or DIA, the permit is the main environmental approval document required for mining projects in the Salta province to proceed to the construction stage and to operate.

“The rapid approval by the Salta government reflects both the detailed and comprehensive nature of the EIA and the commitment of the government to continue supporting viable mining projects,” Farhad Abasov, Millennial Lithium's president and CEO, said in a media statement.

“We are pleased to have secured this approval which makes Pastos Grandes one of the most advanced lithium projects in the world.”

Located in the northwestern part of Argentina, Pastos Grandes covers over 12,619 hectares. To date, Millennial has invested over C $ 40 million in exploration and development work on the property, which includes 22 completed exploration / monitoring wells, four pumping test production wells, pilot ponds, the pilot plant as well as a year-round camp supported by a hybrid solar power system.


https://www.mining.com/argentinian-prov ... s-grandes/
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moinsdewatt
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Re: LITHIUM, enough resources for all electric vehicles?




by moinsdewatt » 11/07/20, 15:08

Continuation of this post from 7 seven 2019 http://www.oleocene.org/phpBB3/viewtopi ... 8#p2287398

Mali: the mineral potential of the Goulamina lithium project revised upwards

Ecofin Agency July 8, 2020

The future Goulamina mine in Mali could produce more lithium than expected. Mali Lithium has announced a 48% increase in the project's measured and indicated resources. These figures will be included in the DFS expected in two months.

Image

The mining company Mali Lithium announced on Wednesday an increase in resources for its Goulamina lithium project. This asset located in Mali now totals 108,51 million tonnes of resources containing 1,45% Li2O, or 1,57 million tonnes of lithium oxide. This represents an increase of 6% compared to the resource estimate published in the pre-feasibility study (PFS) of the project in June 2018.

Significant progress must be underlined in these new figures, since the resources classified in the “measured” and “indicated” categories, considered to be more reliable, increased by 48%. They now reach 64,6 million tonnes grading 1,49% Li2O, or 0,96 million tonnes of lithium oxide. These new results will serve as the basis, we learn, for the new ore reserve estimate which will be included in the final feasibility study (DFS).

According to the 2018 PFS, the Goulamina project could produce 362 tonnes of oxide concentrate annually over a 000-year lifespan. With the increase in project resources, these figures will be significantly improved in the DFS, which should be completed in two months.


https://www.agenceecofin.com/metaux/080 ... -la-hausse
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moinsdewatt
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Re: LITHIUM, enough resources for all electric vehicles?




by moinsdewatt » 11/07/20, 15:10

Continuation of this post of May 24, 2020 http://www.oleocene.org/phpBB3/viewtopi ... 2#p2304222

The Clayton Valley Lithium project is hot hot after coring results.

Spearmint Resources to kickstart Nevada lithium operations

MINING.COM Staff Writer | June 23, 2020

Image

Spearmint Resources (CSE: SPMT) has announced it is ready to kickstart operations on its Clayton Valley lithium projects in Nevada.

In a press release, the Canadian miner said management is working on a series of strategies to be applied at each separate claim block that comprehends the project: the Elon property (brine) and the McGee property (clay) which cover an aggregate area of ​​800 acres.

“Spearmint Resources Inc. previously announced that exploration drilling had been completed on its Clayton Valley lithium projects (McGee property) and has intersected lithium as high as 1,670 ppm Li,” the media brief states.

........

https://www.mining.com/spearmint-resour ... in-nevada/
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Re: LITHIUM, enough resources for all electric vehicles?




by moinsdewatt » 23/08/20, 15:19

World production by country on the left, reserves on the right:
Image

Source https://www.mining.com/sqm-posts-record ... ak-market/
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Re: LITHIUM, enough resources for all electric vehicles?




by moinsdewatt » 23/08/20, 15:20

Continuation of this post of May 19, 2019 http://www.oleocene.org/phpBB3/viewtopi ... 2#p2283932

Rio Tinto to invest $ 200m to progress Jadar lithium project in Serbia

July 31, 2020

Global mining giant Rio Tinto has announced that it is investing nearly $ 200m to progress the Jadar lithium-borate project in Serbia to the next phase of development.

Discovered by Rio Tinto in 2004, Jadar is located near Loznica in western Serbia, around 160km from Belgrade.

The funding will primarily cover the feasibility study, detailed engineering designs, permitting, as well as land acquisition, which are set to be completed by the end of next year.

The Jadar deposit included high-grade mineralization of boron and lithium and supports a long-life operation of both the products.
Rio Tinto Energy & Minerals chief executive Bold Baatar said: “Rio Tinto's lithium project pipeline is an important part of our vision to pursue opportunities which are part of the transition to a low-carbon future.

“We look forward to working closely with the Government of Serbia over the next eighteen months as we develop and validate our understanding of the project to the point when we can seek a final investment decision by the Board of Rio Tinto.”

Simultaneously, the company has also started commissioning its lithium demonstration plant in the US. This plant extracts lithium from waste rock at the company's boron mine in California.


https://www.mining-technology.com/news/ ... m-project/
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moinsdewatt
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Re: LITHIUM, enough resources for all electric vehicles?




by moinsdewatt » 23/08/20, 15:20

19.7% annual growth forecast for Lithium production by 2030:

Lithium demand growth to remain strong to 2030 - report

MINING.COM Staff Writer | August 17, 2020

A report by Roskill states that, globally, lithium demand growth is forecast to remain strong at over 19.7% py to 2030.

According to the market researcher, this demand is being driven by the manufacture of Li-ion batteries for use in automotive and energy storage system batteries, supplemented by the use of Li-ion batteries in other applications and more industrial uses of lithium products.

“Automotive batteries alone are forecast to see demand growth in excess of 28% py to 2030, accounting for over 75% of total lithium demand by 2030 and heavily influencing the types of lithium compounds required by the market,” the report states.

According to Roskill, in the short-term, continued strong demand growth is expected to form a tight market by the mid-2020s. This state of affairs is expected to support lithium prices and incentivize the commissioning of new lithium production.

“Despite the commissioning of new production, expansions at existing producers and increasing volume of lithium from secondary sources expected over the coming decade, demand growth is forecast to outspace supply increases, and further investment in lithium production will be required throughout the supply chain,” the document reads.

In the firm's view, miners ought to keep these projections in mind as they weather the current conditions in which prices have subsided and many of them - in both the refined lithium products and lithium mineral concentrates spheres - have been forced to become more cost-efficient gold face closure.


https://www.mining.com/lithium-demand-g ... 30-report/
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moinsdewatt
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Re: LITHIUM, enough resources for all electric vehicles?




by moinsdewatt » 29/08/20, 08:55

Demand for lithium will increase over the next decade, driven by the automotive sector (study)

Ecofin agency. August 27, 2020

According to forecasts by the Chilean agency Cochilco, the demand for lithium could reach 2 million tons by 2030 thanks to the automotive sector, thus causing prices to rise. Favorable prospects for African projects in Mali, Ghana or Côte d'Ivoire.

Global demand for lithium will increase significantly over the next decade. This is what emerges from a study conducted by the Chilean national mining agency Cochilco, which predicts that it should reach nearly 2 million tonnes in 2030, 79% of which would come from the automotive sector.

Indeed, while the Covid-19 pandemic has reduced lithium demand for electric vehicle batteries to around 75 tonnes this year, the agency's experts, relayed by Reuters, estimate that it will drop to 000, 1,4 million tonnes in 2030. At the same time, demand in other sectors such as electronics, mobile phones and health will be increased to 377 tonnes at the end of the decade against 000 tonnes forecast this year.

If the price of lithium has fallen in recent years due to the entry into production of many mines, the situation should also change thanks in particular to increasingly rigid pollution standards. Cochilco therefore foresees an increase in prices by 2025 or 2026. This should reassure African countries which are developing mining projects such as Côte d'Ivoire, Ghana or even Mali and Zimbabwe.



https://www.agenceecofin.com/etude/2708 ... bile-etude
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Re: LITHIUM, enough resources for all electric vehicles?




by moinsdewatt » 30/08/20, 10:01

Lithium: Second largest producer in the world, Chile wants to double its supply in five years

UPDATED 27 / 08 / 20

The country currently provides 29% of global supply, behind Australia which weighs 48%

Already the second largest producer in the world, Chile wants to weigh even more on the Lithium market. To do this, the country intends to double its production of this strategically important metal in the next five years, the government announced on Wednesday.

A production of 250.000 tonnes per year
Chile, which currently provides 29% of the world's lithium supply, wants to achieve within this timeframe an annual supply of 250.000 tonnes of lithium carbonate equivalent (LCE), said Baldo Prokurica, Chilean Minister of Mines. He presented a report entitled "Lithium Market Outlook in 2030" prepared by the Chilean Copper Commission (Cochilco).

Chile hopes that in the coming years the value of its exports "will be similar to that of highly consolidated economic sectors such as the wine sector", in which it is the world's fourth largest exporter, said Baldo Prokurica.

A very concentrated market
The Lithium supply is particularly concentrated. Australia is currently the world's largest producer with 48% of world production. Metal is an essential element for the electric car industry and the manufacture of rechargeable batteries for mobile phones, laptops and tablets.

Chile extracts it at the Salar de Atacama site, in the North, one of the richest lithium deposits in the world, where it is exploited by the Chilean firm SQM (Sociedad Quimica y Minera) and by the American company Albermarle.

https://www.google.com/amp/s/m.20minute ... /a/2847579
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Re: LITHIUM, enough resources for all electric vehicles?




by moinsdewatt » 06/09/20, 15:24

The EU adds Lithium to its list of critical materials.

European Union adds lithium to critical raw materials list

4 September 2020

The European Union (EU) has added lithium, a key component for batteries in electric vehicles (EVs), to its list of critical raw materials for the first time.

The latest announcement was made by the EU Commission, the 27-nation bloc's executive, as part of its latest presentation of “2020 List of Critical Raw Materials”.

Helium was dropped from the latest list of 30 materials, Reuters reported.

In a press statement, the EU Commission said that its proposed recovery plan from the Covid-19 pandemic places an emphasis on “building back greener, more digital and more resilient”.
The commission also believes Europe should strive towards the development and diversification of the raw materials supply.

European Commission vice-president Maroš Šefčovič said: “A secure and sustainable supply of raw materials is a prerequisite for a resilient economy. For e-car batteries and energy storage alone, Europe will for instance need up to 18 times more lithium by 2030 and up to 60 times more by 2050.

“As our foresight shows, we cannot allow to replace current reliance on fossil fuels with dependence on critical raw materials. This has been magnified by the coronavirus disruptions in our strategic value chains.

......



https://www.mining-technology.com/news/ ... materials/

Lire aussi
https://www.mining.com/eu-adds-lithium- ... ials-list/
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