SQM: Lithium Price Up 10 Percent in Q1

SQM: Lithium Price Up 10 Percent in Q1

SQM put out its Q1 results this week, and while the world's biggest lithium producer reported decreased revenues, there was a bit of good news for the lithium space. The company said the lithium price was higher for the quarter, noting that overall it expects it to be higher than it was in 2014.

Pure Energy Minerals Expands MOU with POSCO

Pure Energy Minerals announced that it has signed an expanded non-binding memorandum of understanding (MOU) with Korean Steelmaker POSCO.

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Company News

Bacanora Minerals Reports Drill Results From La Ventana

Bacanora Minerals (TSXV:BCN,LSE:BCN) reported drill results from 22 holes completed at its La Ventana concession at the Sonora lithium project in addition to one hole drilled at its Fleur concession.

Potash West Reports Construction and Operation of Small Scale Plant for Lithium Production

Potash West Reports Construction and Operation of Small Scale Plant for Lithium Production

Potash West (OTC:PWNNY,ASX:PWN) announced that Lepidico Ltd. used a small scale plant to produce lithium carbonate from a lithium-rich mica called lepidolite, thereby constructing and operating a continuous process operation. Potash West (PWN) owns 25% of Li-Technology Pty Ltd, with 75% owned by Strategic Metallurgy Pty Ltd. (SM). PWN and SM will be transferring ownership of Li-Technology to Lepidico in exchange for shares.

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Market News

Chris Berry: Challenges Remain for Lithium-ion Battery Manufacturers

Chris Berry, president of House Mountain Partners and co-editor of the Disruptive Discoveries Journal, published a note that looks at the recent hype surrounding lithium-ion batteries. In it, he points out that manufacturers don't have it quite as easy as some enthusiasts believe.

Infographic: The Lithium-Ion Megafactories are Coming

The latest infographic from Visual Capitalist takes a look at the massive lithium-ion battery factories that are set to open in the not-so-distant future, which is expected to more than triple the production capacity by 2020.

Benchmark Mineral Intelligence on the Scale of Tesla’s Gigafactory

The latest update from Simon Moores of Benchmark Mineral Intelligence took a look at satellite images of Nevada that give an idea of the scale of Tesla Motors' (NASDAQ:TSLA) new gigafactory near Reno. The company is currently building phase 1 of its plant, and at just 20 percent of the overall size of the finished plant, phase 1 will be the largest lithium-ion battery plant in the world.

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