In an interesting turn of events, Rockwood Holdings and Chengdu Tianqi Industry Group have formed a joint venture, resulting in Rockwood gaining a 49 percent stake in Australia-based Talison Lithium.
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With summer now officially over and Q4 capping off its first week, here's a look at some lithium companies that have started the latest quarter on a high note.
Rare Earth Minerals (LSE:REM) has confirmed the presence of at surface lithium-bearing clay units in northern Mexico.
Bacanora Minerals Ltd. (TSXV:BCN) staked new lithium targets surrounding the Company's La Ventana lithium deposit and the El Sauz and Fleur concessions that are under joint venture with Rare Earth Minerals Plc (REM). Bacanora Minerals also signed a Memorandum of Understanding (MOU) with REM that allows REM to participate in the exploration and development of Megalit, as well as the Company's Buenavista and San Gabriel concessions.
Houston Lake Mining Inc. (TSXV:HLM) has completed an NI 43-101 maiden mineral resource estimate for the PAK Rare Metals Project, located in northwestern, Ontario.
Bloomberg reported that the world's largest lithium product producer, Rockwood Holdings, has agreed to form a joint venture with China's Chengdu Tianqi Industry Group, giving the company a stake in Australian lithium mining unit: Talison Lithium.
Forbes reported that electric vehicle manufacturer, Tesla Motors, is weighing the possibility of building the world's largest lithium-ion battery factory.
Michelle Bachelet, the former president of Chile and the frontrunner in the country's upcoming election, said she will set up a committee to study lithium mining if elected, BN Americas reported.
China Daily reported that a team of researchers at Oak Ridge National Laboratory in Tennessee are working on a much-needed breakthrough in lithium batteries, in hopes to help the stalling electric vehicle market. Their research is focusing on lithium-sulfur batteries.
EV World reported that while the price of lithium-ion batteries are bound to drop, consumers should not anticipate the cost of electric vehicles to follow suit until standardization in the auto industry is reached.