April 2021

Orocobre, Galaxy to merge, creating world’s 5th largest lithium chemical company

Australian lithium miners Galaxy Resources and Orocobre have entered into a binding merger implementation deed that will see the latter acquire 100% of the fully paid ordinary shares in the former, the companies announced on Monday April 19.

Spodumene prices continue rally amid tight availability, robust demand and an emerging spot market

The spodumene import price in China has been skyrocketing since the beginning of 2021 following a pickup in customer inquiries and tight availability of the raw material since Altura Mining's assets were taken off the market.

AT A GLANCE: Orocobre Q1 sales down 30% but realized price jumps 50%

A summary of Australian lithium miner Orocobre’s results for the first quarter of 2021, released on Wednesday April 14.

GLOBAL LITHIUM WRAP: Tight supply underpins strong Asian seaborne prices

Concerns over South American producers' capacity to meet demand expectations for 2021 aggravated the lingering tight availability of battery-grade lithium compounds in the Asian seaborne market in the week to Thursday April 15.

AT A GLANCE: Huayou Cobalt Q1 profits up by more than 250% year on year

A summary of China-headquartered Huayou Cobalt’s 2021’s first-quarter results, according to a company announcement on Thursday April 15.

AT A GLANCE: GEM revenue up in Q1 on production, sales ramp-up

A summary of Chinese battery materials producer GEM’s financial results for the three months ended March 31.

Chinese battery materials producer GEM inks supply memorandum with EcoPro BM

China-based battery materials producer GEM has signed a supply memorandum with South Korea’s EcoPro BM, a subsidiary of cathode materials producer EcoPro, the former said on Thursday April 15.

COBALT HYDROXIDE SNAPSHOT: Cobalt sulfate slump pressures hydroxide price despite tight spot supply

Key data from the Wednesday April 14 pricing session in London and Beijing.

Nornickel to expand nickel production in Finland

Nornickel will increase its nickel production capacity from 65,000 tonnes currently to 75,000 tonnes by 2023 at its Nornickel Harjavalta refinery in Finland, the company said on April 14.

5G & ELECTRONIC METALS: US must invest in semiconductor ‘infrastructure’ amid shortage, Biden says

Visible progress has been made toward network readiness and availability of 5G telecommunications in the first quarter of 2021, after delays last year resulting from the Covid-19 pandemic, sources have told Fastmarkets.