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.
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.
Albemarle announced to increase lithium production in Chile to as much as 145,000 metric tons LCE, enabled by the company's deployment of innovative technology without the need for additional brine pumping at the Salar de Atacama. A simple calculation shows that this is physically not possible.
Martin Steinbild will represent Savannah Resources at Roskill's Battery Supply Chain Europe 2018 Conference, taking place at 13. to 14. March 2018 in Düsseldorf, Germany. He will give a speech on "Perspectives of the lithium value chain in Europe".