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Lithium Miners Strategize for Long-Term Gains as Market Recovers

Retrieved on:

Vendredi, mai 3, 2024

VANCOUVER, BC, May 3, 2024 /PRNewswire/ -- USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), Piedmont Lithium Inc. (NASDAQ:PLL), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), and Rio Tinto Group (NYSE:RIO).

Key Points:

According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024.
The concentrated lithium solution will then be processed into lithium carbonate technical grade.
"However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices.
If brought to completion, the project could supply 90% of Europe's current lithium needs, and make Rio Tinto a leading lithium producer.

Lithium Miners Strategize for Long-Term Gains as Market Recovers

Retrieved on:

Vendredi, mai 3, 2024

VANCOUVER, BC, May 3, 2024 /PRNewswire/ -- USA News Group – Despite what appears to be a supply glut currently in the global lithium market, already there are signs of a lithium rebound on the horizon. According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024. Fastmarkets also expects that by 2030, US lithium demand alone will grow by nearly 500%. Looking ahead, lithium miners continue to move their chess pieces onto the board with anticipation of long-term rewards, including the work of Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Sociedad Química y Minera de Chile S.A. (SQM) (NYSE:SQM), Piedmont Lithium Inc. (NASDAQ:PLL), Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), and Rio Tinto Group (NYSE:RIO).

Key Points:

According to Statista, global lithium demand is projected to grow through next year, while Fastmarkets predicts lithium supply will increase 30% in 2024.
The concentrated lithium solution will then be processed into lithium carbonate technical grade.
"However, the excess in lithium and battery materials capacity seen during last year is expected to continue during this year, keeping pressure on lithium market prices.
If brought to completion, the project could supply 90% of Europe's current lithium needs, and make Rio Tinto a leading lithium producer.

SQM LITHIUM VENTURES COMPLETES ALTILIUM'S USD 12M SERIES A FUNDING THROUGH FOLLOW-ON INVESTMENT

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Mercredi, février 21, 2024

Lithium, BRS, Collection, EV, Nickel, USD, CAM, Carbon footprint, Growth, Sociedad Química y Minera, Government, Carbon, Metal, Engineering, Cathode, Cobalt, SQM, Recycling

PLYMOUTH, England , Feb. 21, 2024 /PRNewswire/ -- SQM Lithium Ventures is proud to announce its follow-on investment of USD 9.43 million in Altilium, a UK-based clean technology group focused on supporting the energy transition to net zero, bringing its total investment to USD 12 million.

Key Points:

PLYMOUTH, England , Feb. 21, 2024 /PRNewswire/ -- SQM Lithium Ventures is proud to announce its follow-on investment of USD 9.43 million in Altilium, a UK-based clean technology group focused on supporting the energy transition to net zero, bringing its total investment to USD 12 million.
The investment completes Altilium's Series A funding round and marks the largest investment to date for SQM Lithium Ventures, the corporate venture arm of the lithium business of Sociedad Quimica y Minera de Chile (SQM), one of the world's leading producers of battery-grade lithium.
SQM Lithium Ventures made an initial investment of USD 2.57 million in Altilium last year.
In addition to providing capital investment, SQM Lithium Ventures also brings considerable experience in large-scale project delivery and a commitment to innovation and sustainability.

iBase-t Improves Aerospace Supplier Quality Assurance with Collaborative Intelligence

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Jeudi, février 15, 2024

AI, Intelligence, Risk management, Collaboration, Original equipment manufacturer, Communication, MRO, SQM, Medical device

LAKE FOREST, Calif., Feb. 15, 2024 /PRNewswire/ -- iBase-t, a leading provider of manufacturing, quality and MRO solutions, today announced enhancements to its Solumina iSeries Manufacturing Operations Platform designed to greatly improve aerospace supplier quality assurance at a time of increased supplier issues in the industry. The latest release of Solumina features enhancements to the platform's Supplier Quality Management (SQM) module that apply intelligence for eliminating emerging supplier quality issues and achieving the highest quality and conformance standards.

Key Points:

Latest Solumina release elevates supplier quality standards, builds foundation for AI, smart manufacturing adoption
LAKE FOREST, Calif., Feb. 15, 2024 /PRNewswire/ -- iBase-t, a leading provider of manufacturing, quality and MRO solutions, today announced enhancements to its Solumina iSeries Manufacturing Operations Platform designed to greatly improve aerospace supplier quality assurance at a time of increased supplier issues in the industry.
The latest release of Solumina features enhancements to the platform's Supplier Quality Management (SQM) module that apply intelligence for eliminating emerging supplier quality issues and achieving the highest quality and conformance standards.
This new capability enables seamless collaboration and transparency between the manufacturer and supplier.
"Our latest enhancement comes at a time of serious supplier quality issues within the aerospace industry and offers an intelligent platform to improve collaboration, detect issues early and remediate quickly," said Naveen Poonian, CEO of iBase-t. "This feature also empowers complex discrete manufacturers to seamlessly ingest and analyze supplier quality data.

Mirasol Doubles the Sobek Copper-Gold Project in Vicuña District, Chile, through Option Agreement with SQM on Adjacent Rosita Property

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Mercredi, février 14, 2024

NSR, MRZ, Mining, OTC, Heart, Filo, SQM

The SQM Property (“Rosita”) covers 11,500 hectares extending the Sobek Project to the west and to the east, and unifying the Sobek Central block with the Sobek North block which was an important factor in this consolidation.

Key Points:

The SQM Property (“Rosita”) covers 11,500 hectares extending the Sobek Project to the west and to the east, and unifying the Sobek Central block with the Sobek North block which was an important factor in this consolidation.
The eastern portion of the Rosita property positions Mirasol within 3 kilometers of the giant Filo Del Sol Project and the Sobek North block is 3 kilometers from Lunahuasi discovery both within the heart of the Vicuña Copper-Gold district.
“The strategic expansion of the Sobek Project to include the sought after SQM Rosita property firmly secures Mirasol as a key player amongst industry-leading companies in the globally recognized Vicuña Copper-Gold district,” Mirasol’s President and CEO Tim Heenan stated.
Key Terms of the Agreement:
SQM has granted Mirasol the exclusive option to earn 80% of the Rosita Project over 6 years, subject to a 2.0% NSR royalty, by:

LG Energy Solution Strengthens Partnership with WesCEF, Secures Stable Lithium Supply Chain for the North American Market

Retrieved on:

Mardi, février 13, 2024

Lithium, LG Energy Solution, KRX, Senior, Calendar, Sociedad, Morazán, Covalent bond, Energy, SQM, Partnership

LG Energy Solution signs a second offtake agreement with WesCEF, expands its supply chain for competitive lithium procurement

Key Points:

LG Energy Solution signs a second offtake agreement with WesCEF, expands its supply chain for competitive lithium procurement
Lithium hydroxide and lithium concentrate from WesCEF's Mt.
Under the agreement, WesCEF will supply LG Energy Solution up to 85,000 tons of lithium concentrate, which could be utilized in producing around 11,000 tons of lithium hydroxide, a crucial raw material for cathodes.
As part of its efforts to further enhance its lithium supply chain, LG Energy Solution has also secured a partnership with SQM, a global mining company based in Chile and also an investor in the Mt.
Holland lithium project, as two companies signed a new long-term supply agreement for lithium carbonate and lithium hydroxide last year.

Markel awarded Gracechurch's 2024 Service Quality Marque for outstanding claims service

Retrieved on:

Mardi, février 6, 2024

Market, MKL, Markel Corporation, Communication, Professional, Insurance, SQM

LONDON, Feb. 6, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL) has been awarded the coveted London Market 2024 Claims Service Quality Marque (SQM) by Gracechurch Consulting.

Key Points:

LONDON, Feb. 6, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL) has been awarded the coveted London Market 2024 Claims Service Quality Marque (SQM) by Gracechurch Consulting.
The SQM is awarded annually to insurer claims teams that have been given an outstanding service quality rating in Gracechurch Consulting's London Market Claims Service Monitor.
The survey measures more than 40 London Market insurers and is based on over 3,300 individual ratings provided by claims brokers.
Chris O'Shea, Managing Director of Claims at Markel International, added: "We are delighted to have received market recognition for outstanding claims service.

Volvo has delivered its first electric trucks in Latin America

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Mercredi, décembre 20, 2023

El Libertador, Volvo FH, SQM, FH, Volvo, Volvo Trucks, Truck, Volvo Financial Services, Automotive industry

GOTHENBURG, Sweden, Dec. 20, 2023 /PRNewswire/ -- Volvo Trucks has delivered eight heavy electric trucks to customers in Brazil, Chile and Uruguay.

Key Points:

GOTHENBURG, Sweden, Dec. 20, 2023 /PRNewswire/ -- Volvo Trucks has delivered eight heavy electric trucks to customers in Brazil, Chile and Uruguay.
Volvo Trucks is continuing to enter new markets with its battery electric trucks.
The company has now delivered its first heavy-duty electric trucks to Latin America, with the vehicles going to customers in Brazil, Chile and Uruguay.
Volvo Trucks is aiming for 50% of global sales of new Volvo trucks to be electric in 2030.

ADIONICS, the cleantech pioneer in eco-friendly lithium extraction, secures $27 million in Series B funding

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Mercredi, novembre 29, 2023

Lithium, PSIM, Recycling, Lithium chloride, Mining, Aircraft, Partnership, SQM, DLE, Renewable energy

PARIS, Nov. 29, 2023 /PRNewswire/ -- With its unique eco-friendly liquid-liquid direct lithium extraction (DLE) process, ADIONICS has once again captivated investors, raising $27 million in its Series B funding round.

Key Points:

PARIS, Nov. 29, 2023 /PRNewswire/ -- With its unique eco-friendly liquid-liquid direct lithium extraction (DLE) process, ADIONICS has once again captivated investors, raising $27 million in its Series B funding round.
Adionics' historical stakeholders took part in this operation, along with newcomer strategic investor SQM , a mining leader in lithium production from brines.
Founded in 2012, Adionics has been developing a DLE process that improves global lithium production.
The company's proprietary process can recover up to 99% of lithium chloride from brines - a leap forward in resource valorization.

BLUE CROSS ANNOUNCES NEW FLEX CARD LOADED WITH ADDITIONAL SAVINGS THAT LETS MEMBERS CHOOSE THE BENEFITS THAT ARE RIGHT FOR THEM

Retrieved on:

Mardi, octobre 17, 2023

BOSTON, Oct. 17, 2023 /PRNewswire/ -- For 2024, Blue Cross Blue Shield of Massachusetts (Blue Cross) has added even more enhanced benefits to its popular PPO and HMO Medicare Advantage plans, adding flexibility that makes it easier for members to choose the benefits that are right for them.

Key Points:

Blue Cross also announced the addition of more primary care providers to its Medicare network, offering members convenient and timely access to primary care.
A Blue Cross Medex or dental plan can be selected any time of the year.
Blue Cross' Medicare PPO plan provides seniors access to both in- and out-of-network providers with no referrals required.
SQM is not affiliated with Blue Cross Blue Shield of Massachusetts or CMS, nor is the award given or endorsed by Medicare.