The study, which rates 83 jurisdictions around the world based on their geologic attractiveness for minerals and metals and the extent to which government policies encourage or deter exploration and investment, has ranked Nevada as the most attractive jurisdiction in the world for mining investment, followed by Western Australia, Saskatchewan and Quebec, respectively. “The survey is an attempt to assess how mineral endowments and public policy factors such as taxation and regulatory uncertainty affect exploration investment,” the report stated.
Nemaska Lithium has announced that a further C$375M (US$283.4M) would be required to fully-fund construction, commissioning, working capital and reserve funds for their Whabouchi mine and Shawinigan conversion plant. The additional funds would be needed on-top of an existing C$1.1Bn (US$831.4M) finance package announced in May 2018.
Pilbara Minerals and Altura Mining have both announced the first shipment of spodumene concentrate to their off-take partners in China. The vessel departed Port Headland in W. Australia carrying 8,800t (wet) spodumene concentrates from Pilbara Minerals grading 6.1% Li2O and 1.2% Fe2O3. Altura Mining reported loading of 5,000t spodumene concentrates grading >6.0%Li2O and 1.05% Fe2O3 at Port Headland, which is destined for its off-take partner Lionergy in China.
Savannah Resources plc announced a significant increase in the JORC 2012 - compliant Measured, Indicated and Inferred Mineral Resource Estimate, located in northern Portugal.
In early September, several Japanese automakers jointly announced plans to launch an electric vehicle (EV) battery collection and recycling project in October. Recycling factories will be established initially in 7 prefectures in Japan.
Ganfeng Lithium agreed the purchase of SQM’s 50% stake in the Cauchari-Olaroz lithium project in Argentina. Minera Exar, the joint venture company formed between Lithium Americas and SQM in 2016, will remain the operator of the Cauchari-Olaroz project.
China’s Ministry of Industry and Information Technology (MIIT) is to launch a pilot EV battery recycling program aimed at controlling the whole life cycle of automotive lithium-ion batteries, extending to battery production, sales, use, and disposal. The program will start in 17 major cities during August 2018 and will encourage cities and auto manufacturers to establish specific EV recycling outlets.
German automotive giant BMW has signed a contract worth more than US$1.16Bn with Chinese lithium-ion battery manufacturer Contemporary Amperex Technology (CATL). Under the terms of the agreement, CATL will provide lithium-ion battery cells for use in the BMW i range of hybrid and electric vehicles.
The first production plant to manufacture cathode active materials for the European automotive market will be build in Nysa, Poland, close to existing and expanding battery plants. The plant will build upon proprietary production technologies targeting most likely NMC precursors. The first phase of this investment is due to start deliveries at the beginning of 2021.
South Korean steelmaker POSCO has sealed a deal to buy lithium mining rights in Argentina from Galaxy Resources for $280 million. Galaxy will still hold the other tenements of their Sal de Vida project.