Bolivia’s new lithium carbonate production plant will have little impact on the lithium market. Production from Galaxy Resources, Canada Lithium and Orocobre is expected to have more of a significant impact on supply and prices.
Outotec has come to an agreement with the authorities managing Bolivia's evaporite resources and Corporación Minera de Bolivia (COMIBOL) on the delivery of the technology for a pilot lithium processing plant.
The President of Bolivia, Evo Morales has signed an agreement with a Chinese investment company (CITIC) to explore the potential for economic lithium reserves in the Salar de Coipasa.
EV World reports that Argentina is promoting the idea of an OPEC-like cartel for itself, Bolivia and Chile.
Foxnews.com reports that Japan and Bolivia agreed to cooperate on the development of large-scale lithium reserves in the Andean nation.
U.S. Energy Secretary Steven Chu joined seven other U.S. government agencies in launching a Renewable Energy and Energy Efficiency Export Initiative. Lithium investors will be familiar with the mandate of the initiative to promote renewable energy and energy efficiency exports.
Mineweb.com reports that the demand for the metal set is to grow as car makers increasingly look to lithium as a fuel solution, so Chile, Bolivia and Afghanistan are emerging as the giants of lithium resources.
SQM saw its share price climb over 6 percent on Tuesday after Potash Corp, said its board rejected an unsolicited $39 billion offer from miner BHP Billiton. Lithium investors will remain very interested in this development as BHP said it continues to review its options and will make a further announcement in due course.
Japan Oil, Gas and Metals National Corporation (JOGMEC) has agreed to invest $4 million in a joint venture partnership with American Lithium Minerals, Inc. in the Borate Hills Project of Nevada.
Investors are always looking for a competitive advantage. ‘Life begins with Li’. Endeavoring to identify a hidden gem in the lithium investment world for investors will involve eliminating potential bias slant while identifying the real competitive advantages.
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