What do Floods in Chile Mean for Lithium Supply?

What do Floods in Chile Mean for Lithium Supply?

Northern Chile has been devastated by heavy rains and flooding since last Tuesday. While there have been several reports on how the rainfall has affected copper mines in the region, investors are likely wondering about the impact for lithium operations.

What’s Going On With the World’s Biggest Lithium Producer?

In the past three days, Sociedad Quimica y Minera has reported a change of CEO, the resignation of three directors representing PotashCorp and the provision of information to Chile's internal revenue service.

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Videos

Simon Moores: Expect Supply Chain Focus for Megafactory Metals

Simon Moores of Benchmark Mineral Intelligence believes that the emergence of battery megafactories will put pressure on supply of graphite, lithium and cobalt. "What I would expect is more focus on the supply chain situation," he told Resource Investing News at VRIC.

Why Stria Lithium’s Latest Metallurgical Results Are So Important

Stria Lithium's president and CEO, Julien Davy, discusses the significance of recent metallurgical test results for the company. The results confirm that Stria can use lithium mineralization from its Pontax lithium project as feedstock for its new pilot plant.

Company News

Pure Energy Now On XETRA® Trading Platform in Germany

Pure Energy Now On XETRA® Trading Platform in Germany

Pure Energy Minerals (TSXV:PE) is now trading on the electronic XETRA® platform in Germany under the ticker symbol: A111EG with the International Security Identification Number number: CA74624B2057.

SQM Halts Operations Due to Chile Floods

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) announces Thursday that it had halted its operations in the north of Chile due to rains and flooding. Operations were halted as a preventative measure, and the company reported that there have been no injuries or damages to facilities so far.

Dajin Resources Closes Financing

Dajin Resources Closes Financing

Dajin Resources Corp. (TSXV:DJI,OTC:DJIFF) has closed its financing previously announced on March 16, 2015. 4,000,000 units have been issued to 3 investors for net proceeds of $200,000.

Bacanora Minerals Provides Update on Drilling at Sonora

On Tuesday, Bacanora Minerals (TSXV:BCN) provided an update on drilling activities at its Sonora Lithium project in Mexico. Sonora consists of Bacanora's wholly owned La Ventana concession as well as concessions held by companies owned 70 percent by Bacanora and 30 percent by Rare Earth Minerals Plc.

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Company Videos

Cobre Montana’s Adrian Griffin Talks Lithium in the Czech Republic

Cobre Montana (ASX:CXB) Managing Director Adrian Griffin is anticipating a Scoping Study for the Cinovec project in the Czech Republic, "within the next couple of months." He also said, "if you go back only 2 months, that project was considered a tin project; by applying the appropriate technology, we found that there is probably twice as much lithium value in that project as there is tin." Cobre Montana applied their licensed processing technology to extract lithium from the micas and achieved float recoveries of 98% and leach extraction of 99.5% lithium at Cinovec.

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

Apple Looking to Break into Electric Vehicle Market

Benchmark Mineral Intelligence reported that Apple Inc. (NASDAQ:AAPL) is being sued by A123 Systems Inc. (ETR:ALC), a lithium-ion battery producer, for stealing its employees to set up a new battery division.

Ben Lillie: Lithium “Powers All of Our Mobile Devices”

At Tedx in New York this month, Ben Lillie spoke about how the element was formed and about its applications in daily life. Lillie talks about the atomic structure of lithium, its uses in everything from batteries to tritium for use in nuclear fusion.

Chile Could be Open to Public-Private Partnerships for Lithium

Reuters reported that Chile is considering public-private partnerships for the development of lithium projects, although the state would keep control of the mineral. Chile is the second largest producer of lithium globally.

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