Portugal is set to offer licences for the exploration of lithium in the country in a bid to grab a share of the lucrative battery materials supply market for electric vehicles.
China’s Jiangxi Jinhui Lithium has taken delivery of its first 30,000-tonne tranche of lithium concentrate for processing under an off-take deal with an African company.
Jinhui said the shipment from Namibian lithium developer Desert Lion Energy will be processed in China.
Competition chiefs in Chile have launched a probe into a deal that would see China’s Tianqi Lithium become a key shareholder of the world’s second largest producer of lithium.
Tianqi confirmed last month it had agreed to buy a 25.9% stake in Sociedad Quimica y Minera de Chile (SQM) from Canada-based Nutrien— in a move to strengthen Chinese influence on the battery raw materials market.
Mining firms have unveiled a blueprint they say could transform Australia into a global battery development hub— and grab a multi-billion-dollar slice of the “lithium value chain”.
A new report from Australia’s Association of Mining and Exploration Companies (AMEC) calls on the federal government to declare battery minerals processing an “industry priority”— and use tax breaks and other incentives to entice global industry giants to the country to kick-start a domestic battery industry.
Another Chinese-South Korea investment deal has been done to produce lithium battery materials in China— in the latest sign of a thaw in economic tensions between the countries.
Chinese mining company Zhejiang Huayou Cobalt said its subsidiary, Huayou New Energy Technology, has signed a deal with South Korea’s LG Chem to launch two new joint venture companies at a total investment of some $645.6 million.