Overnight, the US lithium mining sector fell sharply, and Chile's mining and chemical industry once fell by more than 17%.

Published: Dec 21, 2021 11:12

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[overnight the US lithium mining sector fell sharply, Chile's mining and chemical industry once fell by more than 17%] Europe's largest lithium mining project may be difficult to give birth. Rio Tinto won the lithium mine project in Serbia for $2.4 billion and plans to produce 58000 tons of lithium carbonate a year. With the price of lithium carbonate soaring, the Serbian people want to cancel the contract and nationalize the lithium mine. Mexico's interior minister has announced that the lithium mine will be nationalized in the future.

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Europe's largest lithium mine project may be difficult to give birth. Rio Tinto won the lithium mine project in Serbia for $2.4 billion and plans to produce 58000 tons of lithium carbonate a year. With the price of lithium carbonate soaring, the Serbian people want to cancel the contract and nationalize the lithium mine. Mexico's interior minister has announced that the lithium mine will be nationalized in the future.

The market predicts that it will be difficult for Ganfeng Lithium (01772) to buy another 50 per cent of the Mexican clay mine; Chile will hold a second round of elections on December 19th, and left-wing candidates will also nationalize the future lithium industry and significantly raise existing mineral taxes.

Overnight, the U. S. lithium mining sector fell sharply, Tianqi lithium industry shares of Chile Mining and Chemical (SQM.US) once fell more than 17%.

Lithium ore mining

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