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Press Release - MINING COM
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Why the First Quarter of 2021 Has Been Promising for Lithium Market
FinancialNewsMedia.com News Commentary
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PALM BEACH, Fla., April 27, 2021 /PRNewswire/ The first few months of the year have been bright for the lithium market, with interest in battery metals increasing as electric vehicles (EVs) take over news headlines around the world. Despite the volatility brought by the coronavirus pandemic to every market, lithium has shown resilience and prices performed on an uptrend during the first quarter. At the end of last year, the trend of declining lithium prices seemed to be coming to an end, with analysts predicting a better price environment ahead. When the year kicked off, Benchmark Mineral Intelligence was already expecting the lithium market to come into tightness in 2021. They said: But the speed of price increases in Q1 2021 was beyond expectation, with prices for lithium carbonate having nearly doubled in price since the beg
Bulk Brine Sample Completed
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VANCOUVER, BC, April 20, 2021 /PRNewswire/
Lithium South Development Corporation (the Company ) (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is pleased announce it has completed a bulk brine sample at the Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province, Argentina. The purpose of the program is to provide Chemphys Chengdu of Chengdu China, and Lilac Solutions, of Oakland, California, a large brine sample for Direct Lithium Extraction test work. The well head located on the Tramo Claim block was opened and run for 12 hours, and then three 2,000-liter brine samples were obtained. The samples have been processed through Salta, Argentina, and are now in shipment. All work was completed under the supervision of Mr. William Feyerabend, a Qualified Person under NI 43-101.
Global Lithium-Ion Battery Market Is Projected To Exceed $129 Billion By 2027
- FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., March 17, 2021 /PRNewswire/ Today, with the increasing concerns raised over the environmental impact of conventional vehicles, governments around the world are encouraging the adoption of vehicles using alternative sources of fuel. EVs are zero-emission vehicles and are gaining preference for clean public transport across countries. Several national governments offer financial incentives, such as tax exemptions and rebates, subsidies, reduced parking/toll fees for EVs, and free charging, to encourage the adoption of EVs. Thus, globally the requirement of EV battery is gaining fast pace. Lithium has been essential for this growth. An article by Trading Economics recently said that the price for Lithium Carbonate, which is a critical ingredient in lithium-ion batteries surged after government incentives boosted demand for the metal while supplies
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