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lithium carbonate

Albemarle expands reach with Chinese lithium convertor firm buy out

Fri, 10/15/2021 - 15:39 -- paul Crompton

Chemicals firm Albemarle Corporation has signed a definitive agreement to acquire all of the outstanding equity of lithium carbonate firm Guangxi Tianyuan New Energy Materials (Tianyuan).

The deal was made through its lithium converter subsidiary Albemarle Lithium UK Limited, which is located in Guangxi, China. 

Under terms of the agreement, Albemarle will acquire all outstanding equity from Tianyuan's shareholders for around $200 million, subject to certain adjustments. 

Albemarle expects the transaction, which is subject to customary closing conditions, to close early next year.

Kent Masters, Albemarle CEO, said: "The acquisition of Tianyuan, which owns and operates a newly constructed lithium processing plant, aligns with our strategy to pursue profitable growth in line with customer demand.

"This will be a key component of our next wave of projects designed to increase our conversion capacity in a capital-efficient manner in the coming years. 

“As the global transition to cleaner energy rapidly develops, this added lithium capacity will enable us to help our customers achieve their growth and sustainability ambitions." 

Founded in 2017, Tianyuan is building a 25,000 metric ton lithium carbonate equivalent (LCE) processing plant near the Port of Qinzhou in Guangxi to produce battery-grade lithium carbonate and lithium hydroxide. 

The plant is expected to begin commercial production in the first half of 2022.

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New lithium-ion materials supply identified in Argentina

Fri, 07/30/2021 - 13:13 -- Vic
Galan Lithium's Hombre Muerto West project

Galan Lithium has announced proof of concept test work results for the precipitation of battery grade lithium carbonate.

The first laboratory test work for producing lithium carbonate was conducted in the town of Antofagasta, Argentina, under the supervision of specialised consultancy firm Ad-Infinitum. 

The test used as a feedstock the high quality brine concentrate with >6% of lithium contents obtained through the evaporation test work also undertaken in Antofagasta. 

The material was produced at Galan’s flagship Hombre Muerto West project located in the South American Lithium Triangle in Catamarca, Argentina. 

The assay of the lithium carbonate sample was completed at an external laboratory located in Santiago. 

The delivered result achieved 99.88% of lithium carbonate contents exceeding the minimum quality of 99.5% for battery grade products. 

Galan’s managing director, Juan Pablo Vargas de la Vega, said: “While this is early days, we are excited to demonstrate this first step as a proof of concept of high purity lithium carbonate while we still have room for improvement >99.88% LCE.

“Importantly, from our studies, Galan’s high grade and low impurities brine has demonstrated that we can produce high purity lithium carbonate at a low cost. 

“The company continues to add flexibility on the road to production with different added value routes as lithium concentrate and now battery grade lithium carbonate. We keep learning with every test we do and will continue to do so in the future.” 

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GM secures domestic lithium supply in multi-million dollar deal with CTR

Wed, 07/28/2021 - 13:07 -- Vic
Controlled Thermal Resources renewable cycle

Vehicle OEM GM Motors is hoping to secure a domestic supply of lithium after signing a deal with US-headquartered Controlled Thermal Resources (CTR).

The strategic investment and commercial collaboration will see CTR supply GM with lithium produced from the company’s Hell’s Kitchen Lithium and Power development project in the Salton Sea Geothermal Field in Imperial, California. 

GM has said “a significant portion” of its future battery-grade lithium hydroxide and carbonate could come from CTR's Hell's Kitchen development.

GM made the first multi-million-dollar investment in CTR's Hell's Kitchen development to secure first rights to purchase lithium produced from the first stage of the project, including an option for a multi-year relationship.

CTR expects to start delivery of lithium from its first stage facilities in 2024. 

Rod Colwell, CTR’s chief executive officer, said: “GM has shown great initiative and a real forward-thinking strategy by securing and localising a lithium supply chain while also considering the most effective methods to minimise environmental impacts.

“World-wide growth in electric vehicle adoption has highlighted the critical need to develop a strong and secure battery supply chain in the United States.

“CTR is fully committed to developing its significant lithium resource in response to this, and we look forward to collaborating with GM as we continue to accelerate these efforts.” 

CTR’s lithium resource at the Salton Sea in California is one of the largest known lithium brine resources in North America. 

CTR’s closed-loop, direct lithium extraction process uses renewable power and steam— significantly reducing the time to produce battery-grade lithium products and eliminating the need for overseas processing.  

The brine, after lithium extraction, is returned to the geothermal reservoir deep within the earth.  

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Neo Lithium minimises environmental impact of producing battery grade lithium carbonate

Wed, 03/18/2020 - 15:48 -- paul Crompton

Neo Lithium has produced battery grade lithium carbonate at its pilot plant in Fiambalá, Argintina.

Using concentrated brine, lithium carbonate was produced at 99.599% purity using a process the company says may decrease operational and capital costs while minimising reagent, water and power consumption.

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Ganfeng Lithium in battery material cash boost for Bacanora

Mon, 05/20/2019 - 17:37 -- John Shepherd
Ganfeng Lithium in battery material cash boost for Bacanora

Ganfeng Lithium, China's largest lithium compounds producer, is tightening its grip on the battery raw materials market by agreeing to buy a 30% stake in Mexico-focused Bacanora Lithium.

London-listed Bacanora has signed a non-binding agreement for Ganfeng to pay £14.4 million (US$18.3m) in cash for the stake— in addition to the Chinese firm taking an initial 22.5% direct interest in northern Mexico’s Sonora Lithium Project for £7,563,649, with an option to increase its stake up to 50%.

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LG Chem powers battery supply with Nemaska Lithium deal

Thu, 07/12/2018 - 09:20 -- Xuan Zhong
LG Chem powers battery supply with Nemaska Lithium deal

South Korean battery firm LG Chem has signed an initial five-year deal for the supply of battery-grade lithium hydroxide from Canada’s Nemaska Lithium.

LG Chem will receive 7,000 tonnes of lithium hydroxide annually from October 2020, on a take-or-pay basis, to help fuel battery production.

 

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Study backs Finnish lithium bid to mine batteries market

Fri, 06/29/2018 - 11:02 -- Xuan Zhong
Study backs Finnish lithium bid to mine batteries market

There is a “profitable business case” for developing a lithium project in Finland to supply high-quality battery materials for Europe’s “fast-developing lithium markets”, according to the firm behind the project.

Finnish mining company Keliber Oy said a definitive feasibility study indicates the project could make the firm Europe’s “first vertically integrated battery grade lithium carbonate producer”.

 

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Chinese team develops 'green lithium extraction process’

Fri, 06/22/2018 - 09:39 -- Xuan Zhong
Chinese team develops 'green lithium extraction process’

A new “green” method developed in China for extracting battery-grade lithium from minerals has reportedly won the backing of authorities— paving the way for potential commercialisation.

The process developed jointly by Jiangxi Haohai Lithium Energy, Nanchang University and other institutions, can be used to separate all the elements in lithium-rich Lepidolite, according to the research team.

 

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Lithium boss airs concern on future of battery industry

Fri, 08/26/2016 - 09:16 -- paul Crompton
Lithium boss airs concern on future of battery industry

The boss of China’s second biggest lithium carbonate supplier has questioned if growth in lithium-ion battery production can be sustained by electric vehicles.

For the first time Wang Xiaoshen, executive vice president Jiangxi Ganfeng Lithium (JGL), has expressed concern the growing electric vehicle market, which drives lithium-ion battery demand, is unable to continue sustainable growth, particularly in China.

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Chinese battery maker calls for government enquiry into lithium price spikes

Mon, 02/08/2016 - 12:26 -- paul Crompton
Chinese battery maker calls for government enquiry into lithium price spikes

Price hikes of lithium carbonate have prompted a Chinese battery maker to demand a government investigation into an alleged supply monopoly.

Fang Jianhua, CEO of lithium-ion battery maker Hefei Guoxuan Hi-Tech Power Company, says all companies should be asking why recent spikes had brought the price of lithium carbonate to such ‘unreasonable’ levels.

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