WEEKLY NEWSLETTER

Lithium: Despite the price impact, Eramet announces full production capacity in mid-2025 

The French company Eramet, associated with the Chinese company Tsingshan, announced that the company has "solid growth fundamentals" in the lithium sector despite the drop in prices recorded in the last period. The start of production at full commercial capacity remains firm for mid-2025, reaching 24 kt of lithium carbonate equivalent (LCE) produced in Salta.

Focused on Argentina, Arcadium projects a 40% increase in lithium production for 2024

The recently merged company, Arcadium Lithium, announced it expects to boost combined volumes of lithium carbonate and lithium hydroxide delivered to customers by approximately 40% in 2024, reaching between 50,000 and 54,000 metric tons. This is due to expansions in lithium carbonate production in Olaroz and Fénix, Argentina, as well as in hydroxide assets in other global locations. To offset part of this increase in 2024, planned spodumene production at Mt. Cattlin will be reduced as part of cost optimization efforts at the mine, reflecting the lower price environment.

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Tecpetrol rolls out ambitious lithium investment plan at Tolillar lithium project

At a meeting held at the Government House of Salta, representatives from Tecpetrol, a company belonging to the Techint group, have officially presented their strategic investment plan to Governor Gustavo Sáenz for the development and implementation of the Tolillar lithium project.

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Argentina: Blue Sky announced new PEA on its uranium-vanadium project

Blue Sky Uranium Corp. has unveiled the results of a new Preliminary Economic Assessment (PEA) for the Ivana uranium-vanadium deposit, part of the Amarillo Grande Project located in the province of Río Negro. The updated assessment includes a new mineral resource estimate, with approximately 80% of the resources now in the Indicated category. "This assessment demonstrates a solid economy for a surface mining operation, with 11 years of production for both resources."

Catamarca: Lake Resources will have its first lithium production in 2027

 

Australian junior Lake Resources, developer of the Kachi lithium project in Catamarca, reported that drilling completed in its operation continues to intercept lithium-rich brine in sand units, favorable for extraction over thick intervals in the southern portion of the central resource area.

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