The acquisition of Talison Lithium by a privately owned Chinese firm with state-owned affiliates was completed on March 26, giving the Asian powerhouse control over one-third of global lithium supply.
Mining Weekly reported that Australian lithium miner, Talison Lithium, announced that it has already been granted an Australian federal approval to proceed with the takeover deal by Chengdu Tianqi Industry Group for C$848 million.
Money Morning Australia reported lithium is a rare earth that isn't controlled by China, and is a metal to watch from main exporter Australia.
IBTimes reports that Creat Resources Holdings (LON:CRHL) has exported a second shipment from Western Australia to China.
Talison Lithium Ltd. reported a quarterly sales increase of 74 percent, resulting from strong demand from customers for lithium concentrate and the increased production capacity at the Greenbushes Lithium Operations following completion of the Stage 1 expansion in December 2010.
Galaxy Resources (ASX:GXY), the Australian-based, advanced-level, developmental mining and chemical company focused on lithium and tantalum production, has just announced that its initial shipment of 6500 tonnes of spodumene has been dispatched through the Bunbury Port, rather than through Esperance Port as originally planned.
Mineweb reports that partners in the Mount Marion lithium project in Western Australia, Reed Resources Ltd (ASX:RDR; OTC:RDRUY), and Mineral Resources Ltd (MRL) will combine their equities into a company which they say will streamline the downstream processing.
Lithium One Inc. (CVE:LI) signs a Memorandum of Understanding with Galaxy Resources Limited (ASX:GXY) of Australia.
From Australia to Japan to the US, major partnerships and strategic collaborations appear to be catalyzing strong marketing and technological bench strength to drive activity within the lithium field.
China's principal lithium-producing province plans to boost output of the metal by a factor of five over the next five years, which is half the level of its previous target. This revised guidance for lithium production was followed by a subsequent announcement that China may invest more than $15 billion in electric vehicles during the next 10 years. Investors will be interested to observe how this development might impact the global supply and demand, or if this could potentially change the adoption rate of electric vehicles in specific markets.
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