Millennial Lithium stock jumps 12% following boost in resource estimate

Millennial Lithium stock jumps 12% following boost in resource estimate

Shares of Millennial Lithium Corp (TSX.V:ML) traded up 12.4% at the open on Wednesday to an intraday high of C$1.92, lifting the Vancouver-based company’s market capitalization to over C$150 million. Over 120,000 shares were traded by early...

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China’s General Lithium to launch 60,000 T spodumene converter by end of 2020

China’s General Lithium to launch 60,000 T spodumene converter by end of 2020

General Lithium Corp, China’s fourth-biggest lithium producer, plans to start building a plant to convert mineral ore to lithium that will more than triple its capacity by the end of 2020, a company official said on Friday. The plant will...

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Tianqi agrees truce in battle over Chilean lithium miner SQM

Tianqi agrees truce in battle over Chilean lithium miner SQM

China’s Tianqi Lithium Corp has come to an agreement over the governance of Chilean miner SQM with key shareholder Pampa Group, easing away from hostilities over control of the world’s second-biggest producer of lithium...

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First Cobalt targets Canada plant restart within 2 years

First Cobalt targets Canada plant restart within 2 years

First Cobalt Corp aims to restart an idled cobalt refinery in Canada within two years and is in talks to supply the battery-grade product to four leading automakers, chief executive Trent Mell said on Wednesday. The Toronto-based company is...

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Japan’s Mitsui injects $30m into Sigma’s lithium project in Brazil

Japan’s Mitsui injects $30m into Sigma’s lithium project in Brazil

Japan’s Mitsui & Co. will invest $30 million in Sigma Lithium Resources’ (TSX-V: SGMA) project in Brazil, as demand for the metal used in the batteries that power electric vehicles is set to continue growing, keeping the market tight. The...

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Production of battery grade cobalt blows up First Cobalt’s stock

Production of battery grade cobalt blows up First Cobalt’s stock

Toronto-based First Cobalt Corp.’s (CVE: FCC) stock soared over 38% Wednesday, after the company announced it has successfully produced a battery grade cobalt sulphate at its refinery near the town of Cobalt, Ontario. The refinery has the...

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Frontier Lithium to build demonstration plant for battery metals products

Frontier Lithium to build demonstration plant for battery metals products

Canadian junior Frontier Lithium (TSX-V: FL) has kicked off the first phase of development at its PAK lithium asset, aimed at confirming the project’s economic viability through the construction and operation of a Demonstration Concentrator...

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Commodities’ best quarter since 2016 is tough act to follow

Commodities’ best quarter since 2016 is tough act to follow

Commodities had their best quarter in almost three years, driven by supply concerns and optimism over demand. Investors, though, might not want to get too cocky. The outlook for demand is running into troubling signs in the U.S. and China, the...

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Kanhoo Industry to Build USD447 Million Lithium Battery Production Base in East China

Kanhoo Industry to Build USD447 Million Lithium Battery Production Base in East China

Jiangmen Kanhoo Industry will invest CNY3 billion (USD447 million) to build a lithium battery industrial park to manufacture equipment to produce lithium batteries and related cathode materials. Kanhoo Industry penned an agreement of intent with...

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Dongfeng-Nissan JV Says Mid-Term China Sales Plan Has Not Changed

Dongfeng-Nissan JV Says Mid-Term China Sales Plan Has Not Changed

Nissan Motor’s China joint venture with Dongfeng has not made any changes to its mid-term China sales plan, a company spokeswoman told Reuters on Wednesday, responding to a report that it has cut its sales target. “Dongfeng Motor...

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Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall

Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall

Nickel Asia Corp, the Philippines’ top nickel ore producer, expects its 2019 shipments to be unchanged from last year, although it plans to increase its domestic sales to maximise profits, its chief financial officer told Reuters. Nickel...

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