Pilbara Minerals has almost doubled the price of its spodumene concentrate after completing a second auction through its battery materials exchange (BMX) platform.
Pilbara Minerals has increased the resource of its Pilgangoora tantalum-lithium project in Western Australia by 39 per cent to 309 million tonnes, helping pave the way for a longer mine life.
Mineral Resources has sold its 5.4 per cent stake of Pilbara Minerals in an effort to focus on its hard-rock lithium and iron ore assets.
Pilbara Minerals managing director Ken Brinsden believes global lithium demand is in full swing after the company reported higher sales of its product from the Pilgangoora operations in Western Australia.
Galaxy Resources and Orocobre have completed their merger and will rebrand as Allkem, setting the stage for the creation of one of the world’s largest lithium companies.
Joint venture (JV) partners Tianqi Lithium Corporation and IGO have produced first lithium hydroxide at the Kwinana refinery in Western Australia.
Galan Lithium has secured a $50 million placement to progress its lithium projects in Australia and Argentina.
Lake Resources has received a formal expression of interest from UK Export Finance to fund 70 per cent of the Kachi lithium project in Argentina.
Core Lithium has inked a four-year binding offtake agreement with China’s Ganfeng, in a move that bolsters development of its Finniss lithium project in the Northern Territory. Read more
Pilbara Minerals has delivered a record 95,972 tonnes of spodumene concentrate in the June quarter from its Pilgangoora lithium-tantalum project in Western Australia.