March 2021

Volkswagen to open six battery giga-factories in Europe by 2030

German carmaker Volkswagen Group is working on the development of six battery-manufacturing sites in Europe to guarantee security of supply for its electric vehicle (EV) fleet, it said on Monday March 15.

Pilbara Minerals signs additional spodumene offtake with China’s Yibin Tianyi

Australian lithium spodumene concentrate producer Pilbara Minerals has agreed to an additional offtake agreement with Chinese lithium producer Yibin Tianyi, it said on Monday March 15.

CHINA COBALT SNAPSHOT: Metal, sulfate prices dip on weak market sentiment, thin trade

Key data from Fastmarkets’ pricing session in China on Friday March 12.

NEW ENERGY MATERIALS MARKET REPORT 12/03: Chinese lithium carbonate price still on uptrend despite slow trade

An overview of the new energy materials markets and their price moves from the past week.

COPPER SEMINAR: Codelco starts lithium exploration, seeking JVs, chairman says

Chilean state-owned copper miner Codelco is exploring for lithium at the Maricunga salt flat, the second-largest in the country in terms of reserves, and is continuing to seek options for the area’s future development, including joint ventures, the company’s chairman has said.

Cobalt prices lower on profit taking, fundamentals unchanged

Profit-taking and the absence of Chinese buyers from the cobalt metal market has resulted in the first dip in the price of cobalt in 2021 but the fundamentals of the market remained the same, sources told Fastmarkets on Thursday March 11.

GLOBAL LITHIUM WRAP: China rally slows, buyers show resistance

The lithium price rally in China has broadly tempered in the past week after consumers showed resistance to digesting further upturns, however, supply remained tight across the lithium complex, sources said on Thursday March 11.

COBALT HYDROXIDE SNAPSHOT: Payables edge lower amid cautious buying

Key data from the Wednesday March 10 pricing session in London and Shanghai.

Lithium, rare earth production could provide jobs for coal miners, US energy secretary says

The United States’ transition to new energy will require increased domestic mineral production, Energy Secretary Jennifer Granholm said on Tuesday March 9.

Ganfeng Lithium deal to buy Yili Hongda to give it 49% of Minmetals Salt Lake

Chinese lithium producer Ganfeng Lithium and wholly owned subsidiary Qinghai Liangcheng Mining will hold 49% of the Minmetals Salt Lake project following conclusion of a 1.47-billion-yuan ($226.07-million) deal to buy Yili Hongda, the company said on Monday March 8.