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LITHIUM


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Wesfarmers Limited (ASX: WES) today announced the joint approval, together with Sociedad Quimica y Minera de Chile S.A. (SQM), of the final investment decision for the Mt Holland lithium project, and committed initial funding. Full funding will be committed upon receiving environmental approvals for the Kwinana refinery, which are anticipated in early FY2022.
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  • 1 month later...

Lithium prices continue to push higher

Fastmarkets provides updates and commentary for recent lithium price movements. Its most recent update for the week ended Thursday 01 April highlighted:

... Lithium prices in China rise on active restocking while supply remains tight;

... Seaborne Asian lithium prices tick up on persisting tight availability;

... European and US prices post further gains on firm prices for technical-grade material.

It noted that lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range in China rose to 88,000 to 92,000 yuan (A$17,580 to A$18,380) per tonne on 1 April, up from 85,000 to 90,000 yuan (A$16,980 to A$17,980) the prior week.

 

Fastmarkets also said the supply for lithium carbonate was more challenging than lithium hydroxide. A consumer was quoted as saying:

In March, producers were not willing to make large sales because supply is quite tight; moving into April, they are increasingly less willing to sell because of the rapid rally of spodumene price.

 

A trader added:

The overall supply tightness is derived from the squeezed spodumene supply from Australia. Among all, supply tightness for lithium carbonate is most acute.
.

 

ASX lithium shares, including Galaxy Resources Ltd (ASX: GXY), Pilbara Minerals Ltd (ASX: PLS) and Orocobre Limited (ASX: ORE), have all managed to push higher into 2 to 3 month highs after being range-bound throughout February and March.

 

At the smaller end of town, explorers have been pushing out a stream of positive results, including:

 

Neometals Ltd (ASX: NMT) up 5% on preliminary metallurgical results.

Core Lithium Ltd (ASX: CXO) announced that it had achieved the production of battery-grade lithium hydroxide monohydrate on Tuesday, and its shares have surged 8.50% higher today

Jindalee Resources (ASX: JRL) jumped 35% higher today after a mineral resource estimate.

Piedmont Lithium Ltd (ASX: PLL) is 6% higher, with an announcement yesterday regarding a lithium resource estimate update

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  • 2 months later...

Fitch Solutions anticipates that tight supply will continue to drive up lithium prices, with lithium hydroxide monohydrate (56.5 per cent) forecast to reach $US17,500 ($22,593) per tonne by 2025.

 

The consultancy reports that demand will grow to 1.5 million tonnes of lithium carbonate equivalent (LCE) in 2030.

 

This is expected to lead to an influx of new lithium supply coming online to meet market appetite.

 

In 2020, decarbonisation rose to the forefront of government attention and has led major economies to prioritise lithium investment in an effort to strengthen their supply chain resilience for critical raw materials, Fitch Solutions states in a May report.

 

However, even with the 124 lithium operations identified by Fitch Solutions ... many of which are still in development ... supply is unlikely to meet demand.

Existing lithium producers such as Chile and Australia will also experience significant growth over our forecast period as companies seek to ramp up operations ahead of the anticipated demand surge...

This will help the production balance, but ultimately we expect the pace of new capacity to prove insufficient in meeting the pace of increasing demand, pushing the market into deficit.

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morning nipper

 

 

https://www.sharecafe.com.au/2021/07/07/mag...-battery-chain/

 

Magnis: An End-to-End Provider in the Lithium-Ion Battery Chain

 

Magnis Energy Technologies (ASX: MNS) aims to become a leading global producer of next-generation green credentialed Lithium-Ion Battery (LIB) cells, enabling the future energy requirements of the world, the global storage of renewable energy and electrification of transportation.

 

==============

 

from our own sharecafe.

 

what do you think nipper?? should we jump on the train or it is too late for us?? :unsure:

 

 

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  • 1 month later...

Some Australian lithium miners could become a fixture of the local ASX major indices, with a favourable supply and demand equation propelling Pilbara Minerals and the soon to be merged Orocobre and Galaxy Resources into the top 100 stocks.

 

Physical demand for lithium and other battery materials such as nickel, copper and cobalt has been increasing, and miners are now charging up to three times as much as they were a year ago for their output. Pilbara Minerals, Galaxy Resources and Orocobre all hit record highs this week, and all three have more than doubled in value since the start of 2021.

 

... bids for its spodumene concentrate, which contains lithium, as high as $US1,250 for 10,000 dry tonnes. A year ago, it was fetching less than $US400 for the same product.
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Just after 7pm on Tuesday evening, Perth based lithium producer Pilbara Minerals announced it had conducted just its second ever auction on the Battery Material Exchange, a platform it launched in March to sell unallocated tonnes of spodumene concentrate from its Pilgangoora complex in the WA Pilbara region.

 

Pilbara's first auction via the BMX platform was impressive, fetching the equivalent of $US1420 a tonne at the industry benchmark for spodumene.

 

Given spodumene prices languished at $US400 a tonne in September 2020, .... the Tuesday night auction was something else entirely. Pilbara revealed in its short ASX announcement that it has sold 8000 tonnes of lithium for a staggering $US2240 a tonne. Convert that to benchmark price and the auction yielded the equivalent of $US2500 a tonne.

 

and PLS up 9%

 

https://www.afr.com/chanticleer/the-lithium-boom-just-went-to-another-level-20210915-p58rsz

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  • 3 weeks later...

Investors, analysts and company spruikers in the lithium space are not paying enough attention to the idea of recycling.

 

If steel, copper, lead, zinc and other metals can be recovered and recycled (as well as gold, platinum and palladium, not to mention silver) so can lithium.

 

There is plenty of activity on the raw material side, but also considerable movement on the technical / battery / vehicle / technology side.....

 

 

https://www.sharecafe.com.au/2021/10/01/whe...eeds-to-follow/

 

Australia, as the the fastest growing lithium supplier globally, lags in the adoption of EV friendly policies and charging facilities, and in encouraging the birth of a recycling sector that will be needed as sales build here. The importance of this latter point is only magnified by the fact that, in the short term, there is likely to be a shortage of battery grade material thanks to the impact of the pandemic and a shortage of skilled workers.

 

Australia’s prominence on the supply side makes the government and industry well positioned to have a good idea on what the outlook could be for the metal.

 

In short, it is bullish due to the accelerating sales of electric vehicles (EVs) around the world......

 

 

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  • 4 weeks later...

Australias second biggest lithium mine will resume production on the back of surging prices for the battery commodity.

Mineral Resources said the Wodgina mine in WA would resume production before 30 September next year under an agreement reached with its partner, US lithium giant Albemarle.

Wodgina ranks behind only the Greenbushes mine , owned by Albemarle, Tianqi and IGO Limited,  in terms of its ability to produce large volumes of lithium rich spodumene concentrate.

But Mineral Resources said the mine, which was idled amid weak lithium prices in 2019, would restart at only about one third of its 750,000 tonnes per year capacity.

Quote

When market demand is sufficient, additional processing lines may be recommenced, said the company.

 

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