InDaily

Tag: lithium

  • Australia on track for $482 billion critical minerals windfall if we act quickly: CSIRO

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    The CSIRO issued the warning on Wednesday in a report examining Australia’s processing capabilities for in-demand minerals and opportunities in the industry valued at $482 billion ($US320 billion). Critical minerals such as lithium, cobalt, graphite, silicon and rare-earth elements are used to make electric vehicles, solar panels and wind turbines, and demand for the minerals…

  • Core Lithium pauses operations at second NT mine

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    After announcing a strategic review of its operations in December, Core Lithium today said it would suspend mining operations at the Grants Open Pit until market conditions for lithium spodumene concentrate improve. Late last year, the company announced early works at a second NT mine – dubbed BP33 – would be suspended following the deterioration…

  • Local miner in strategic review as lithium price loses charge

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    A strategic review of Core Lithium’s operations will address the deterioration in lithium market conditions, with the price of spodumene concentrate falling by 40 per cent since the end of October 2023. The company has only been producing lithium concentrates for ten months, but will now “investigate a range of options to lower costs and…

  • Bright spot in search for more sustainable batteries

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    Adelaide-based Sparc Technologies has seen promising results from tests, conducted with Queensland University of Technology (QUT), on sodium-ion batteries (SIBs) featuring hard carbon anodes made from bio-waste. Sparc’s website notes that finding an alternative is important both from an environmental perspective and in terms of sovereign capability, with “China being the world’s predominant supplier of…

  • Lithium miner raises funds to tap into Top End resource

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    The Flinders Street-headquartered miner today announced the successful completion of a $100 million institutional placement, giving the firm the funds to ramp-up its Northern Territory operations. A further $20 million from existing shareholders is also on the cards via a share purchase plan, with the total funds to also support the development of an underground…

  • Brisbane company that revealed $5 billion windfall – then started search for new board

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    The company announced today it wanted a new independent chair and independent directors to steer the company. It also wants to establish key governance committees and review the pay of its board and executives. One of the directors, James Brown, said the company had grown enormously in the past two years as it evolved from…

  • Sayona’s Canadian lithium venture shows a $5 billion promise

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    Sayona said the total EBITDA over the project’s 16-year life was $7.5 billion, based on the production of 372,000 tonnes of lithium carbonate. The NAL project is 75 per cent owned by Sayona with Piedmont holding the remaining 25 per cent. “Based on the positive study, Sayona now plans to commission a definitive technical study…

  • Allkem heads to US through $15 billion merger deal

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    Share in Allkem shot up 14 per cent on the announcement. The two companies announced the merger overnight and claim the as-yet unnamed merged company would be a global leader in lithium chemicals. The ASX-listed Allkem shareholders would own about 56 per cent of the merged company, transitionally known as Newco. Allkem has projects in…

  • Brisbane mining magnate reveals plans to become ‘king of Hell’s Kitchen’

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    Colwell’s Controlled Thermal Resources has signed a memorandum of understanding with Fuji Electric for the delivery of a 330 megawatt geothermal power station for the project. That was about a third of the project’s energy capacity. Colwell has estimated that production of 150,000 tonnes of lithium hydroxide was also expected to be produced from the…

  • Governments warned it’s now or never to lead energy revolution

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    A report released on Wednesday by independent think tank Climate Energy Finance identifies the “once in a century” opportunity to refine and process critical minerals and manufacture onshore, powered by renewable energy. Leading scientist Dr Alan Finkel said Australia could straddle the old and new economies in the global shift from “petrostates” to “electrostates”. “Electrostates…