China's Zijin gets DRC licence for disputed lithium mine
The exploration tenement had initially been won by Australian listed AVZ Minerals, but it was revoked by the DRC who said the company had not developed it fast enough.
The exploration tenement had initially been won by Australian listed AVZ Minerals, but it was revoked by the DRC who said the company had not developed it fast enough.
"Calidus will maintain its position in Pirra at 40% due to the significant potential of the land package and will re-assess its options for this holding as exploration continues," the company said.
The Chilean economic development agency Corfo said in a separate statement that Yongqing Technology, which is owned by Tsingshan Holding, will have access to 11,244 tons of battery grade lithium carbonate from Chilean lithium miner SQM at a preferential price until 2030. The project will also import lithium carbonate from Tsingshan's joint lithium project with Eramet in Argentina.
VinFast, which made its Nasdaq debut in August, plans to set up kit assembly plants in nickel-rich Indonesia, with plans to bring VinES along to take advantage of the material to produce battery, Thuy Le told analysts last month.
In August, there were reports of India getting prepared to start the auction process for some 100 critical mineral blocks. According to a Bloomberg report, Bharadwaj had revealed that the blocks that are being prepared for auction includes nickel, lithium, cobalt and platinum, along with rare earths.
Piedmont could also earn up to a 62.5% equity interest in the new project through staged investments.
Ganfeng Zhongkai Mining Technology, a joint venture between Ganfeng Lithium and manufacturing company Jiangsu Nonghua Intelligent Agriculture Technology, held a 49% stake in the Xinjiang company, according to company information database Qichacha.
Codelco's outgoing finance chief Alejandro Rivera, whose resignation was announced on Thursday, will continue to be involved in the firm's negotiations for state control over Chile's lithium industry.
India should source lithium directly from Argentina rather than from China and reduce dependence on China. Presently, China is India’s leading supplier of lithium.
Cacciola said the increase was largely due to the launch of the country's third lithium project, located in the northern province of Jujuy and co-owned by China's Gangfeng. and the Canadian Lithium Americas.
NAL, jointly owned by Sayona and its U.S.-based partner Piedmont Lithium Inc, sent out its maiden shipment of about 20,500 metric tonnes of spodumene concentrate to the international lithium market earlier this month.