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lithium hydroxide

Australia-India lithium refinery project under evaluation

Sun, 06/23/2019 - 22:29 -- John Shepherd
Australia-India lithium refinery project under evaluation

Australia-listed Neometals has signed a binding memorandum of understanding with Indian company Manikaran Power to jointly fund the evaluation of developing “India’s first lithium refinery”.

A final investment decision (FID) on creating a 50-50 joint venture for the refinery will be taken after completion of a feasibility study, Neometals said.

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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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Australian miner signs China EV lithium supply deal

Fri, 05/03/2019 - 10:53 -- John Shepherd
Australian miner signs China EV lithium supply deal

Australian lithium producer Alliance Mineral Assets has signed an agreement with a Chinese producer of engines for electric vehicles (EVs) that paves the way to jointly produce and sell battery-grade lithium hydroxide.

Alliance said the non-binding memorandum of understanding with Jiangxi Special Electric Motor is to develop the terms on which the parties will cooperate in the 50-50 joint venture.

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LG Chem hails “massive” deal with China’s Ganfeng for batteries

Tue, 08/28/2018 - 12:27 -- John Shepherd
LG Chem logo

South Korean battery firm LG Chem has agreed a deal to acquire a “massive volume” of a key material from China's largest lithium compounds producer, to spur production of batteries for electric vehicles.

LG Chem said it had signed a contract with Ganfeng Lithium for the supply of a total 48,000 tons of lithium hydroxide, “enough to manufacture about one million batteries”.

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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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Australia urged to take on Asia in battery hub bid

Wed, 05/30/2018 - 09:12 -- John Shepherd
Australia urged to take on Asia in battery hub bid

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.

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Tesla inks lithium supply deal with Australian miner

Wed, 05/23/2018 - 10:14 -- John Shepherd
Tesla inks lithium supply deal with Australian miner

Australian miner Kidman Resources has signed a three-year fixed-price deal to supply battery raw material to Tesla.

Kidman said details of the take-or-pay agreement for lithium hydroxide, which includes options to extend, remain confidential.

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Northvolt in battery materials deal with Nemaska

Wed, 05/09/2018 - 09:43 -- Xuan Zhong
Northvolt in battery materials deal with Nemaska

Swedish lithium-ion battery maker Northvolt has signed an agreement in principle for the supply of battery grade lithium hydroxide supply from Canada’s Nemaska Lithium.

Northvolt said it will receive up to 5,000— but not less than 3,500 metric tonnes per year— of lithium hydroxide on a take-or-pay basis for a five-year supply period.

 

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Nemaska Lithium hails development milestone

Thu, 12/14/2017 - 09:48 -- News Editor
Nemaska Lithium hails development milestone

Canadian development firm Nemaska Lithium has announced the production of 1.5 tonnes of battery grade lithium hydroxide produced from its Wabouchi spodumene mine in Quebec.

Nemaska president and CEO Guy Bourassa said: “This is the first time a new entrant to the market has produced battery grade lithium hydroxide from ore to final product.”

 

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