The Canadian company believes the Lithium King property has the potential to host a lithium and magnesium brine deposit.
The nickel and stainless steel giant will provide 100,000 tonnes of nickel matte to Huayou Cobalt and battery materials maker CNGR Advanced Material.
"Three years of falling lithium prices failed to incentivise sufficient investment into supply chains, leading to greater risks of price volatility as battery demand ramps up."
Soaring demand in China, ongoing logistics issues along the Congo-South Africa-China route lift prices over 30% in single month – Benchmark.
Investors were jittery ahead of China’s annual meeting of parliament, where the country will announce goals for 2021.
Gold is expected to struggle until the Fed curbs higher yields, one analyst says.
The Canadian company wants to acquire 13 lithium-potassium-boron prospective salars in central Mexico.
The British Columbia-based company launched a project that uses the hydrometallurgical Re-2Ox process to recover metals from lithium-ion, nickel-hydride and nickel-cadmium batteries.
A PEA for Bluestone Resources’ Cerro Blanco project shows it is capable of producing over 300,000 ounces of gold per year at first decile AISC.
Bullion fell more than 6% in February, the biggest monthly drop in four years.
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