Qinghai Haixi Da Qaidam Magnitude 6.3 Earthquake: Lithium Chemical Production Unaffected

Farasis Energy recently signed a strategic cooperation agreement with German energy technology company WLF Energy. Under the agreement, the two parties will jointly formulate technology and product roadmaps and co-develop next-generation battery technology and energy storage products for the utility, commercial and industrial, and distributed energy storage markets.

Ganfeng Lithium announced that its wholly owned subsidiary, Ganfeng International, has sold 35.09 million ordinary shares of Pilbara Minerals (PLS) through block trades in the secondary market for approximately AUD 222 million. Following the transaction, Ganfeng International will continue to hold approximately 3.27% of PLS's outstanding shares. The company expects to record a cumulative pre-tax gain of approximately RMB 981 million from the sale, including an estimated pre-tax gain of about RMB 353 million to be recognized in its 2026 earnings.

Stardust Power announced on June 16 that it has commenced site engineering activities at its lithium refinery project in Muskogee, Oklahoma, marking a further step from the FEL-3 front-end engineering stage toward execution-level design. According to the company, Brown & Root has been engaged to carry out related geotechnical work, including site borings and subsurface investigations. The work is intended to assess underground conditions at key locations across the site and provide supporting data for subsequent civil design, foundation design, procurement and construction planning.According to Stardust Power’s previous plan, the Muskogee lithium refinery is designed to produce up to 50,000 mt/year of battery-grade lithium carbonate. Once completed, the project is expected to become one of the largest lithium refining facilities in the US. SMM believes this progress indicates that US domestic lithium refining projects are continuing to move toward engineering execution. However, the project remains at the site engineering and execution-design preparation stage, and further attention should be paid to financing progress, final investment decision, commencement of major construction and the actual delivery schedule.