June 2021

GLOBAL LITHIUM WRAP: Lithium complex steady at high levels

Lithium prices were steady around the world in the week ended Thursday June 10, with both Asian, European and United States markets underpinned by tight availability.

Largo Resources targets 3% energy storage market by 2025

United States-based vanadium producer Largo Resources is aiming to capture 3% of the long-duration energy storage battery market by 2025, which equates to 1,400MWh, the company said on Wednesday June 9.

Swedish battery maker Northvolt raises $2.75 bln to expand plant

Swedish battery maker Northvolt has announced the signing of a $2.75 billion private placement to expand the capacity of its gigafactory in the country, Northvolt Ett, to 60GWh from 40GWh to meet increased customers’ demand, it said on Wednesday June 9.

Ganfeng Lithium to build 50,000 tpy lithium project in Fengcheng city

China's Ganfeng Lithium will set up a joint venture to invest in and construct a lithium project with an annual output 50,000 tonnes of lithium salts in Fengcheng city, Jiangxi province, it said on Wednesday June 9.

Sherritt defers Fort Saskatchewan refinery maintenance to August

Sherritt International has deferred its planned full-facility maintenance shutdown of its nickel-cobalt refinery in Fort Saskatchewan, Alberta, to August from the previously scheduled June to mitigate the risk of Covid-19 on employee and contractor health and safety, the company said.

US proposes magnet tariffs, other supply chain reforms

The United States government has published a sweeping review of US supply chains, proposing measures to increase domestic production of a number of key minerals and products. These measures include a proposed tariff on neodymium magnet imports.

PEOPLE MOVES: Umicore appoints Miedreich CEO

Belgian battery-materials manufacturer Umicore has appointed Mathias Miedreich chief executive officer to succeed Marc Grynberg, with the appointment to take effect in the fourth quarter of 2021, the company said on Monday June 7.

Alternatives for raw materials cap Chinese nickel sulfate uptick

China’s nickel sulfate price widened upward amid a continuous shortage of mixed hydroxide precipitate (MHP) in the week to Friday June 4 although the availability of alternative raw materials continues to restrain the price rise, sources told Fastmarkets.

CHINA COBALT SNAPSHOT: Rising futures support metal price; salts price firm on solid demand, higher offers

Key data from the Friday June 4 pricing session in China.

NEW ENERGY MATERIALS MARKET REPORT 04/06: Nickel briquette premium widens as production restarts

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