Inflationary costs, unexpected weather issues and global economic malaise have created a challenging environment for many lithium producers and exploration and development companies.
Concentrated lithium production for July represented a 25 percent increase from the previous month for Galaxy Resources. The company also expects to add value following an upstream deal with a large battery manufacturer.
The Vancouver Sun reports Lithium Americas Corp. (TSE:LAC) will produce lithium carbonate at its Cauchari-Olaroz project in Argentina.
Lithium Americas Corp. (TSE:LAC) updates on resource estimate of its Cauchari-Olaroz lithium–potassium property in Argentina.
Orocobre Limited (TSE:ORL, ASX:ORE) reports that the company has commenced Lithium Carbonate production at Olaroz test work facilities at Salar de Olaroz.
Lithium carbonate purchases are typically tied to longer term supply contracts between the lithium producers and customers. There may be as many as ninety different varieties of lithium that producers will market and pricing is not simplified enough to give a generic quote as there are different volumes and purities according to the demands.
Last week Japan's fourth-largest trading house, Itochu Corp., announced that it has taken a 20 percent stake in a U.S. project to produce lithium and that it expects to start sample shipments for use in car batteries by the end of this year.
Rock Tech Lithium Inc. (CVE:RCK,FSE:RJIA,Pinksheet:RCKTF) is a Canadian-based resource company focused on acquiring, exploring and developing high-quality lithium and rare metals properties into sustainable and economic mines.
The increase in demand for lithium carbonate is expected to increase four-fold by 2017. High demand and low supply has already pushed lithium carbonate prices to US$ 6,600.00 per ton. Isn't it time you dived in?
High gas prices or a desire to lower one’s carbon footprint, or even a reluctance to further enrich nations in the Middle East, whatever your peeve - lithium-ion shows the way.
Wednesday, August 31, 2011