RB Energy Falls 33 Percent After Halting Production at Quebec Lithium Plant

RB Energy Falls 33 Percent After Halting Production at Quebec Lithium Plant

After failing to secure additional funding to maintain its current operations, lithium producer RB Energy announced Wednesday that it has halted work at its Quebec lithium plant. The statement follows last week's news that the company has not completed a best-efforts offering "due to difficult market conditions."

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Company News

Orocobre Expects Olaroz to Be in Production by November

Orocobre Limited (ORE:ASX,TSX:ORL) reported that construction at its flagship Olaroz lithium project is progressing according to schedule. The project is expected to be completed on budget.

Stria Lithium Metallurgical Tests Yield Recovery of 53.9% Li

Stria Lithium Metallurgical Tests Yield Recovery of 53.9% Li

Stria Lithium Inc. (TSXV:SRA) reported that its dense media separation study demonstrates that the Pontax mineralization can generate an initial spodumene concentrate recovery of 53.9% Li grading at 6.03% Li2O. This confirms the viability of feedstock for the 2015 pilot plant. The Pontax Lithium Project is in the James Bay Region of Northern Quebec.

Western Lithium Holds Opening Ceremony for Hectatone Organoclay Plant

Western Lithium USA Corporation (TSX:WLC,OTCQX:WLCDF) hosted a ceremonial opening on October 8 to mark the completion of construction at its Hectatone organoclay plant in Fernley, Nevada. Production is expected to commence over the next several weeks.

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Company Videos

INN Video: Peter Secker of Canada Lithium

Canada Lithium (TSX:CLQ) President and CEO, Peter Secker, spoke with the Investing News Network at PDAC in Toronto on the Quebec Lithium Project.

Market News

Chris Berry Sees “Asymmetric Opportunities in the Mining Space”

In a note from the Disruptive Discoveries Journal, Chris Berry recounted a recent trip to an investor conference in Hong Kong. While the analyst saw investors there - and elsewhere - searching for a turn in the markets, he reaffirmed his positivity on the energy metals sector and offered some optimism for investors regarding the resource space in general.

New Lithium Ion Battery Estimated to Recharge in 15 Minutes

Mashable reported that Scientists at the Nanyang Technological University in Singapore have developed a lithium-ion battery that can be recharged within just a few minutes. The battery's lifespan would then last as long as 10,000 cycles, which could be around two decades.

Lithium Hydroxide Could Face Shortage on Strong Global Demand

Writing for Benchmark Mineral Intelligence, Simon Moores noted that increasing demand for lithium hydroxide from the battery sector could drive the resource into deficit as early as next year. As a result, hydroxide prices could increase as much as 30 percent in bullish scenarios.

WIll Tesla’s Gigafactory Boost Lithium ETFs?

Since the selection of Nevada as the home for Tesla Motors Inc.'s (NASDAQ:TSLA) gigafactory, lithium ETFs are also reveling in the good news.

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