Albemarle has revealed plans to invest $30m to $50m to double the capacity at its lithium production facility in Silver Peak, Nevada by 2025 in line with the increase in the global demand for electric vehicles (EV). The US specialty chemicals company will also start a program to evaluate clays and other available resources in […]
CBAK Energy Technology, a lithium-ion battery manufacturer and electric energy solution provider, said that its fully owned subsidiary – Dalian CBAK Energy Technology has signed a supply framework agreement with Zhejiang Kandi Vehicles. The agreement is for the joint promotion of the development of pure electric vehicles (EVs). Zhejiang Kandi Vehicles is a fully-owned subsidiary […]
Plateau Energy Metals said that it has engaged Emily Sarah Hersh of financial consultancy firm DCDB Group for giving it consulting and advisory services on getting strategic investment partners for its Falchani lithium project in Peru. The Canadian exploration and development company has signed a “shares for services agreement” with Foxrock Investment, a subsidiary of DCDB Group, […]
European Metals Holdings (EMH), an Australian mineral exploration and development company, said that its shareholders have given approval to an investment of €29.1 million from CEZ Group in the company’s Cinovec lithium-tin project in the Czech Republic. CEZ Group, which is a Czech Republic-based electricity conglomerate, will acquire a 51% stake in Geomet, the Czech […]
Ganfeng Lithium, a Chinese lithium metals producer, has agreed to take controlling stake in the Caucharí-Olaroz lithium project in Argentina in a $16 million worth deal with its joint venture partner Lithium Americas, as per the latest mining acquisition news. The deal will see the Chinese lithium producer increase its stake from 50% to 51% […]
Wesfarmers acquisition of Kidman Resources : Australian conglomerate Wesfarmers and Kidman Resources have entered into a Scheme Implementation Deed (SID) under which the former’s subsidiary Wesfarmers Lithium will acquire 100% of the Melbourne-based lithium developer for around AUD 776 million ( $537 million). Earlier this month, Wesfarmers proposed to pay AUD 1.90 per share in […]