Africa’s Lithium Production Poised for Growth Earlier this year, market research firm Benchmark Mineral Intelligence projected a threefold increase in Africa’s lithium production in 2024. This surge will elevate Africa’s share of global output from 4% to over 10%. Notably, China is financing 90% of… Read More »Africa: Emerging as a Top Lithium Supplier by 2024
Lithium Australia Ltd (ASX:LIT, OTC:LMMFF) reported a strong financial performance for FY24. Managing Director and CEO Simon Linge discussed the company’s growth with Proactive’s Tylah Tully. The company reported a record revenue increase to A$6.7 million, driven by a significant 50% growth in Lithium-Ion Battery… Read More »Lithium Australia Ltd Achieves Strong FY24 Performance in Battery Recycling
Atlas Lithium (NASDAQ:ATLX) has experienced a significant decrease in short interest over August. As of August 15th, the short interest for Atlas Lithium totaled 322,300 shares, marking a significant drop of 18.4% from the July 31st figure of 394,900 shares. With an average daily trading… Read More »Atlas Lithium Sees an 18.4% Drop in Short Interest
YPF SA (YPFD), the Argentine state-run oil company, is exploring the sale of its lithium unit to channel investments towards the Vaca Muerta shale region. This divestiture is part of a broader strategy to realign its focus from lithium exploration in Catamarca to boosting shale… Read More »YPF Considers Divesting Lithium Unit Amid Shale Focus
Sigma Lithium (SGML) announced a significant development in its growth endeavors. The company secured a binding commitment from BNDES to fund its second Greentech lithium concentrate production plant in Brazil. This financial boost, amounting to 487 million reais, offers a 16-year repayment period at 7.45%… Read More »Sigma Lithium Secures BNDES Loan for Second Brazil Plant
Mineral Resources (ASX: MIN) is tightening its operations in response to declining lithium and iron ore prices. The company, a major iron ore and lithium producer, reported a significant drop in earnings. Its full-year earnings fell by 40%, and underlying net profit after tax plummeted… Read More »Mineral Resources Tightens Belt Amid Lithium and Iron Ore Price Fall
Savannah Resources (GB:SAV), a pivotal player in Europe’s lithium supply chain, has announced its participation in leading European industry conferences. The company’s Barroso Lithium Project in Portugal is Europe’s largest spodumene lithium deposit. This project is set to significantly enhance battery production across the continent.… Read More »Savannah Resources Strengthens Europe’s Lithium Industry
Enami has shortlisted six companies, including Rio Tinto and POSCO, for the development of the Altoandinos lithium project in Chile’s Atacama Region. The selected companies will negotiate a public-private partnership (PPP) aimed at developing lithium deposits in the Altoandinos salt flats. Enami, traditionally involved in… Read More »Enami Shortlists Six Companies for Altoandinos Lithium Project
Ganfeng Lithium Group Co. (002460) has announced a delay in project capital expenditure as it faces financial losses amid the lithium market downturn. The company reported a net loss of 760.4 million yuan, prompting a strategic focus on projects with immediate returns. The lithium industry’s… Read More »Ganfeng Lithium Delays Projects Amid Lithium Market Slump
Sigma Lithium Corporation (SGML) has received a binding commitment from BNDES for a BRL487 million development loan to fully fund the construction of its Second Greentech Carbon Neutral Plant in Brazil. Focus on Sustainable Development with Quintuple Zero Green Lithium Sigma Lithium has initiated construction… Read More »Sigma Lithium Secures BRL 487M Loan for Second Greentech Plant in Brazil
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