Lithium Americas Sees Argentina Mine Decision In 2012

Recently, the Ministry of Industry and Information Technology has held discussions with some lithium salt companies on the issue of surging lithium prices.

Boosted by the global demand for NEVs and the release of the demand in the energy storage market, the global demand for lithium resources will reach about 1.72 million mt of LCE in 2025, with a five-year compound annual growth rate of 33%.

Overseas cobalt prices were relatively stable during the Chinese New Year (CNY) holiday, and there were few cobalt salt transactions heard in the market. And the prices remained unchanged from the pre-CNY holiday level.

The global lithium resources will present a supply deficit of 9%-12% in 2021-2022, and the users have to rely on raw material inventory due to the raw material shortages.

The Canada-based Millennial Lithium Corp and Lithium Americas (LAC) jointly announced that they have entered into a definitive purchase agreement on November 17, 2021 for Lithium Americas to acquire all of Millennial's shares for a total consideration of approximately $400 million. Based on the closing price of LAC on November 16, 2021, Millennial shareholders will own approximately 9.1% equity of LAC.

China’s copper cathode output stood at 789,400 mt in October, down 1.7% month on month and 3.9% year on year.

The price of lithium carbonate is set to drop to $7,700/mt by 2021 from a peak of over $14,000/mt this year due to excess supply, according to Morgan Stanley on Monday February 26.

The following table is offers of minor metals in Europe on Oct.20

Chile is making regulations for the construction of new lithium mines as demand for lithium ore from electric vehicle batteries surges.

The following table is offers of minor metals in Europe on Jul.13