June 2021

IGO, Tianqi complete lithium joint venture deal

Australia-listed IGO Ltd has completed a transaction to form a new lithium joint venture with Chinese lithium producer Tianqi Lithium over the latter’s Australian lithium assets, the company said on Wednesday June 30.

Green Lithium secures $2.22 mln to advance UK lithium refinery project

UK-based mineral processing company Green Lithium has secured £1.6 million ($2.22 million) in seed-round funding to advance its plans to build and operate the first large-scale lithium refinery in the country, it said on Monday June 28.

Lithium must stay above $10 per kg to drive capacity buildup, executive says

Lithium carbonate chemical prices must remain in excess of $10 per kg to stimulate the creation of new capacity to match the exponentially growing demand, Wei Xiong, vice president of China’s General Lithium, has said.

Infinity Lithium, LG Energy Solution sign MOU for lithium hydroxide offtake

Australia-listed Infinity Lithium Corp has entered into a non-binding memorandum of understanding (MOU) for the long-term supply of battery-grade lithium hydroxide with South Korean lithium-ion battery manufacturer LG Energy Solution, the Australian company said on Monday June 28.

China’s Hanrui Cobalt applies for IPO in Hong Kong

Chinese cobalt producer Hanrui Cobalt has applied to launch an initial public offering (IPO) of its shares on the Stock Exchange of Hong Kong, the company said on Friday June 25.

FOCUS: The war between EV battery cathodes

Lithium iron phosphate batteries have recently regained their position as the preferred option among original equipment manufacturers in China, casting doubt on the forecast dominance of the alternative nickel-cobalt-manganese lithium-ion batteries in the country’s electric vehicle battery supply chain.

COBALT HYDROXIDE SNAPSHOT: Rising benchmark prices for metal, salts bring back optimism

Key data from the Friday June 25 pricing session in London and Beijing.

CHINA COBALT SNAPSHOT: China cobalt prices extend gains amid bullish sentiment

Key data from the Friday June 25 pricing session in China.

NEW ENERGY MATERIALS MARKET REPORT 25/06: Cobalt sulfate, metal prices up; payable unchanged

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

GLOBAL LITHIUM WRAP: Tight availability continues to support prices

Persistent tight supply continues to underpin lithium prices in Asia, as well as in Europe and the United States over the week ended Thursday June 24.