Rio Tinto (corporation)

Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050

Retrieved on: 
Tuesday, May 7, 2024

VANCOUVER, BC, May 7, 2024 /PRNewswire/ -- USA News Group – Even though prices are currently down from where they were in 2022, experts still see the monumental importance of lithium in the years and decades ahead. According to a recent post, the UN Trade & Development (UNCTAD) projects based on data from the International Energy Agency (IEA) that by 2050, lithium demand could rise by over 1,500%. UCTAD also believes that to achieve the global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines. Seeking to provide the critical minerals necessary for the green electric revolution, lithium miners continue to develop several promising new projects, including Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Lithium Americas (Argentina) Corp. (NYSE:LAAC), Atlas Lithium Corporation (NASDAQ:ATLX), Standard Lithium Ltd. (NYSE-American: SLI) (TSXV: SLI), and Rio Tinto Group (NYSE:RIO).

Key Points: 
  • According to a recent post , the UN Trade & Development (UNCTAD) projects based on data from the International Energy Agency (IEA) that by 2050, lithium demand could rise by over 1,500%.
  • UCTAD also believes that to achieve the global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines.
  • The purified, concentrated lithium solution will subsequently be converted into technical-grade lithium carbonate.
  • "The hard work of our Rincon team is laying the groundwork for our first lithium production by year's end," said Stausholm.

Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050

Retrieved on: 
Tuesday, May 7, 2024

VANCOUVER, BC, May 7, 2024 /PRNewswire/ -- USA News Group – Even though prices are currently down from where they were in 2022, experts still see the monumental importance of lithium in the years and decades ahead. According to a recent post, the UN Trade & Development (UNCTAD) projects based on data from the International Energy Agency (IEA) that by 2050, lithium demand could rise by over 1,500%. UCTAD also believes that to achieve the global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines. Seeking to provide the critical minerals necessary for the green electric revolution, lithium miners continue to develop several promising new projects, including Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Lithium Americas (Argentina) Corp. (NYSE:LAAC), Atlas Lithium Corporation (NASDAQ:ATLX), Standard Lithium Ltd. (NYSE-American: SLI) (TSXV: SLI), and Rio Tinto Group (NYSE:RIO).

Key Points: 
  • According to a recent post , the UN Trade & Development (UNCTAD) projects based on data from the International Energy Agency (IEA) that by 2050, lithium demand could rise by over 1,500%.
  • UCTAD also believes that to achieve the global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines.
  • The purified, concentrated lithium solution will subsequently be converted into technical-grade lithium carbonate.
  • "The hard work of our Rincon team is laying the groundwork for our first lithium production by year's end," said Stausholm.

Lithium Miners Strategize for Long-Term Gains as Market Recovers

Retrieved on: 
Friday, May 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: 
Friday, May 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.

Pair of Rejected Bids Show Mining Giants Can't Easily Acquire Critical Battery Metals Assets

Retrieved on: 
Friday, April 26, 2024

VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets. The first to go down was Liontown Resources turning down a US$3.6 billion offer from Albemarle Corporation (NYSE:ALB), followed by Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) (TSX:TECK-B) rejecting a US$23.2 billion merger proposal from Glencore plc (OTC:GLNCY). Meanwhile, mining giant Rio Tinto Group (NYSE:RIO) is rumored to be on the prowl for more lithium assets after already buying a lithium mine for $825 million in Argentina, in the same province (Salta) as Lithium South Development Corporation's (TSXV:LIS) (OTC:LISMF) Hombre Muerto North Lithium project (HMN Li Project).

Key Points: 
  • VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets.
  • Throughout this 2023 resource program to date, Lithium South has received excellent lithium values from all holes completed to date.
  • I think it would, personally, be a pity if we lost another of our major international players in the mining industry."
  • Late in 2022, Glencore had expressed its intent to add lithium to the suite of metals that it trades, citing the raw material's hot demand.

Pair of Rejected Bids Show Mining Giants Can't Easily Acquire Critical Battery Metals Assets

Retrieved on: 
Friday, April 26, 2024

VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets. The first to go down was Liontown Resources turning down a US$3.6 billion offer from Albemarle Corporation (NYSE:ALB), followed by Teck Resources Limited (NYSE:TECK) (TSX:TECK-A) (TSX:TECK-B) rejecting a US$23.2 billion merger proposal from Glencore plc (OTC:GLNCY). Meanwhile, mining giant Rio Tinto Group (NYSE:RIO) is rumored to be on the prowl for more lithium assets after already buying a lithium mine for $825 million in Argentina, in the same province (Salta) as Lithium South Development Corporation's (TSXV:LIS) (OTC:LISMF) Hombre Muerto North Lithium project (HMN Li Project).

Key Points: 
  • VANCOUVER, BC, April 26, 2024 /PRNewswire/ -- USA News Group – Already in 2023 there have been two multibillion-dollar takeover bids rejected that would've involved critical battery metals assets.
  • Throughout this 2023 resource program to date, Lithium South has received excellent lithium values from all holes completed to date.
  • I think it would, personally, be a pity if we lost another of our major international players in the mining industry."
  • Late in 2022, Glencore had expressed its intent to add lithium to the suite of metals that it trades, citing the raw material's hot demand.

Gold Terra to Participate at 2024 PDAC Conference in Toronto, March 3-6, 2024

Retrieved on: 
Wednesday, February 28, 2024

Toronto, Ontario--(Newsfile Corp. - February 28, 2024) - Gold Terra Resource Corp. (TSXV: YGT) (FSE: TX0) (OTCQB: YGTFF) ("Gold Terra" or the "Company") is pleased to announce that it will be attending and exhibiting at the Prospectors and Developers Association of Canada 2024 Conference ("PDAC 2024").

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - February 28, 2024) - Gold Terra Resource Corp. (TSXV: YGT) (FSE: TX0) (OTCQB: YGTFF) ("Gold Terra" or the "Company") is pleased to announce that it will be attending and exhibiting at the Prospectors and Developers Association of Canada 2024 Conference ("PDAC 2024").
  • The annual conference is held at the Metro Toronto Convention Centre, Toronto, Canada from March 3-6, 2024.
  • Gold Terra will be exhibiting in the Investors Exchange at Booth No.
  • Many of the world's largest mining companies will be attending and presenting, including Newmont Corp., Barrick Gold Corp., BHP Group and Rio Tinto Group.

U.S. Gold Corp. to Participate at 2024 PDAC Conference in Toronto

Retrieved on: 
Tuesday, February 27, 2024

CHEYENNE, Wyo., Feb. 27, 2024 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) ("U.S. Gold" or the "Company") is pleased to announce that it will be attending and exhibiting at the Prospectors and Developers Association of Canada 2024 Conference ("PDAC 2024").

Key Points: 
  • CHEYENNE, Wyo., Feb. 27, 2024 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) ("U.S. Gold" or the "Company") is pleased to announce that it will be attending and exhibiting at the Prospectors and Developers Association of Canada 2024 Conference ("PDAC 2024").
  • Company management invites shareholders and all interested parties to attend and admission is free to qualified investors.
  • The annual conference will be held in-person, at the Metro Toronto Convention Centre, Toronto, Canada from March 3-6, 2024.
  • Many of the world's largest mining companies will be attending and presenting, including Newmont Corp., Barrick Gold Corp., BHP Group and Rio Tinto Group.

Refined Metals Corp. Announces Change to Executive Management

Retrieved on: 
Thursday, February 8, 2024

In conjunction, Mr. Aman Parmar has stepped down as Interim Chief Executive Officer and remains a director of the Company.

Key Points: 
  • In conjunction, Mr. Aman Parmar has stepped down as Interim Chief Executive Officer and remains a director of the Company.
  • Mr. Fields has broad experience in overseeing mineral properties from exploration to production.
  • “On behalf of the Board of Directors, I would like to thank Aman for his service as the interim Chief Executive Officer of the Company,” said Mr. Fields.
  • As Chief Executive Officer of the Company, I am looking forward to growing the business of the Company in a manner that enhances our shareholders’ investment and grows shareholder value.”

As Lithium Demand Continues to Rise, the Lithium Market Projected to Reach $6.4 Billion By 2028

Retrieved on: 
Tuesday, February 6, 2024

The aerospace industry, in particular, requires lightweight and high-performance batteries, making lithium metal an attractive choice, thus enhancing the demand for lithium metal.

Key Points: 
  • The aerospace industry, in particular, requires lightweight and high-performance batteries, making lithium metal an attractive choice, thus enhancing the demand for lithium metal.
  • Furthermore, consumer electronics like watches, toys, and remote controls mainly use lithium metal batteries where lithium metal is used as an anode material.
  • Thus, the increasing demand for lithium metal batteries is expected to enhance the market for lithium metal during the forecast period.
  • A recent report from MarketsAndMarkets said that the lithium metal market is projected to grow from USD 2.5 billion in 2023 to USD 6.4 billion by 2028, at a cagr 20.4% from 2023 to 2028.