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Palm Beach, Florida, December 2, 2021/PRNewswire/--FinancialNewsMedia.com News Review-As the use of lithium continues to expand, it also creates more demand for the mining industry. It is expected that the consumption of lithium-ion batteries in the automotive and consumer electronics industries alone will significantly increase the demand for lithium mining activities in the near future. A report by MarketsAndMarkets predicts that the global lithium mining market is expected to achieve an amazing expansion at a compound annual growth rate of more than 26% during 2021-2025. As suggested by a recent market intelligence report, by the end of the forecast period, the global lithium mining market will be valued at more than $1 billion. The report stated: “As electric vehicles (EVs) are driven by lithium-ion batteries, lithium mining activities are accelerating demand growth. Leaders such as the United Kingdom, France, the Netherlands, Sweden, Canada, and Norway have announced the phasing out of vehicles powered by traditional internal combustion engines. In addition, lithium continues to receive continued attention in other application areas such as glass and ceramics, aluminum products, lubricants and polymers. The application of this white metal to industries such as air treatment is critical, which ensures considerable demand throughout the forecast period Mining stocks active in the market this week include: ACME Lithium Inc. (OTCQB: ACLHF) (CSE: ACME), Albemarle Corporation (NYSE: ALB), Standard Lithium Ltd. (NYSE: SLI) (TSXV: SLI), Sigma Lithium (NASDAQ: SGML) (TSX: SGML), Piedmont Lithium (NASDAQ: PLL).
The MarketsAndMarkets report concludes: “Lithium will continue to be an area of interest for top auto companies, battery technology giants, chemical manufacturing companies, and governments. Therefore, investment floods the lithium mining market. It is expected that some important strategies will emerge between companies and companies. Alliance. Miners in the near future. Lithium is an ideal material for dehumidification and cooling applications, and its demand prospects are rising. The rising demand for lithium by air-conditioning equipment manufacturers will open multiple opportunities for market participants ."
ACME Lithium Inc. (OTCQB: ACLHF) (CSE: ACME) Breaking news: ACME Lithium has added two strategic lithium projects in the Winnipeg Pegmatite region of Canada-ACME Lithium Inc. ("Company", or "ACME ") is pleased to report that it has obtained approximately 11,803 acres of land by strategically placing 27 claims in the pegmatite field in the Bird River Greenstone Belt (BRGB) in southeastern Manitoba, Canada. ACME Lithium Inc. owns 100% of the mineral rights.
The north and south wings of the Bird River Greenstone Belt contain at least 10 pegmatite fields and hundreds of individual pegmatite bodies, many of which are classified as the complex rare element lithium-cesium-tantalum (LCT) Pegmatite. In the two branches of BRGB, pegmatite and granite intrusion are related to the structural dilatancy zone adjacent to the main east-west shear zone.
Globally, LCT pegmatite deposits account for about a quarter of world lithium production, most of tantalum production, and all of cesium production. The world-class Tanco Mine is located in the south wing of BRGB and has been a producer of lithium, cesium and tantalum since 1968.
Shutford Lake Pegmatite Oilfield-The company has 21 interests in the southern wing of the Bird River Greenstone Belt, with a total area of approximately 8,883 acres. These claims span the 15-kilometer tectonic trend of the Greer-Shatford shear zone, with a large number of pegmatite veins and favorable host rocks. The northeast corner of the company's ground is adjacent to the Mineral Lease of the Tanco Mine, the south bank of Bernic Lake, and there are Buck, Pelgi and Dibs pegmatites nearby.
Cat-Euclid Lake Pegmatite Oilfield-The company already owns 6 land with a total area of approximately 2,920 acres in the north wing of the Bird River Greenstone Belt. The new claim crosses the expected Cat-Euclid Lake shear zone and extends along the southeast trend of the known pegmatite source. Australia Mineral Resources Limited (MRL), one of the world's leading lithium producers with a market value of over A$8 billion, recently signed a joint venture agreement with New Age Metals Inc., a Canadian lithium development company (New Age Metals Inc.) west of ACME's Cat-Euclid Lake, for a lithium battery project.
ACME Lithium's exploration strategy in the Bird River Greenstone Zone is to use remote sensing, structural geology, foundation geological mapping, and geochemical sampling to locate drilling targets. Our exploration focus is on spodumene LCT pegmatite, which can be used as a source of lithium carbonate deposits.
The demand for lithium in North America is growing rapidly, and there is an increasing need to ensure domestic supply in the United States and Canada. Bloomberg estimates that by 2028, sales of passenger electric vehicles in the United States will reach 3.2 million. Industry experts said that the global demand for lithium in the next ten years will be 20 times the current.
"We have identified the southeastern region of Manitoba as a global focus and opportunity area for emerging and developing lithium projects," said President and CEO Steve Hansen. "It is vital that we invest and ultimately sustainably increase domestic lithium supply to ensure that our long-term needs are met." Continue.... Read this version of ACME Lithium news: https://acmelithium.com/news/
Other recent mining developments on the market include:
Albemarle Corporation (NYSE: ALB) recently announced its results for the third quarter ending September 30, 2021. The highlights of the third quarter of 2021 are: net sales of 830.6 million US dollars, an increase of 11%; net sales excluding FCS increased by 19%; net loss (392.8 million US dollars), or diluted earnings per share (3.36 U.S. dollars); adjusted diluted earnings per share was US$1.05, a decrease of 4%, excluding the recent arbitration decision of US$4.29 per share; adjusted EBITDA was US$217.6 million, an increase of 1%; excluding FCS, adjusted EBITDA growth 14%; based on strong third-quarter results, added guidance for the 2021 fiscal year; announced an agreement to acquire Guangxi Tianyuan New Energy Materials (Tianyuan), which includes a lithium conversion plant (Qinzhou) with a designed annual production capacity of 25,000 metric tons, and It is possible to expand to 50,000 metric tons; announcing a strategic investment agreement in China, plans to build two lithium hydroxide conversion plants, each with an initial target of 50,000 metric tons; MARBL Lithium Joint Venture (MARBL) will restart the operation of the Wagina Lithium Mine in Australia ; Advanced deployment of Albemarle Way of Excellence (AWE) operating model and submission of sustainability disclosure report to CDP (formerly known as Carbon Disclosure Project)
Albemarle CEO Kent Masters said: "Despite the supply chain challenges and increase in raw material costs in the last quarter, we continue to achieve solid revenue and adjusted EBITDA growth." "In October, we were in the new La Negra III/IV The conversion plant has achieved the first lithium carbonate production. We are investing to increase China's conversion capacity. The initial goal is to produce up to 150,000 metric tons of lithium hydroxide per year, which will provide high-return growth opportunities in line with the growing needs of our customers ."
Standard Lithium Ltd. (TSX: SLI) (NYSE: SLI) recently announced that it has submitted a preliminary economic evaluation report (technical report) for the company’s Southwest Arkansas Lithium Project. It is a further report following its previous news released on October 12, 2021.
The key points are: The net present value before tax is US$2.83 billion, the discount rate is 8%, and the internal rate of return is 40.5%; the net present value after tax is US$1.97 billion, the discount rate is 8%, and the internal rate of return is 32.1%; 20 The annual mine life average annual production of 30,000 tons of battery-quality lithium hydroxide monohydrate (LHM); the operating cost per ton of battery-quality lithium hydroxide is US$2,599; AACE category 5 total capital expenditure is estimated to be US$870 million, including conservative 25% direct capital cost; and, updating the PEA lithium brine resource of the Southwest Arkansas Lithium Project to take into account the potential unitized production area, resulting in an inferred category of total (global) in-situ lithium carbonate resources (LCE) increase by 1,195,000 tons.
Sigma Lithium (NASDAQ: SGML) (TSX: SGML) is committed to providing environmentally friendly and sustainable high-purity lithium for the next generation of electric vehicle batteries. It recently participated in the " FT LIVE Commodity Summit: Realizing Energy Transition" panel, Lithium: Boosting. During the meeting, CEO Cabral-Gardner emphasized the role that technology will play in promoting greener, lower-cost lithium production, paving the way for the large-scale adoption of electric vehicles.
At the summit, she emphasized the four major challenges faced by the current tight supply of lithium mining industry: rapid and significant scale; achieving environmental and social sustainability; producing the highest quality off-take; and delivering at the lowest cost. Ana Cabral-Gardner, co-CEO of Sigma said: "Technology is driving electric vehicle innovation and will drive the future of the lithium industry. It will be the key to [lithium industry] and it will help us make [lithium] greener and cheaper. . [Sigma] uses quite a lot of [green] technology: We have perfected a heavy-medium separation plant, digitally controlled it, and completely avoided the flotation plant and the subsequent wet tailings dam and chemical aspects Technology can be the vehicle for the great success of [lithium industry], helping us reduce costs and staying more environmentally friendly, or it can also be cancelled if there is not enough discipline to cooperate with downstream to achieve lower-cost electric vehicles. [Lithium industry]."
Piedmont Lithium Inc. (NASDAQ: PLL), a leading lithium hydroxide production developer supporting the North American electric vehicle supply chain, recently released a new company profile. The updated presentation includes information addressing overall market conditions, industry analysts’ forecasts of lithium supply and demand, pricing trends, and updates on the status of Piedmont’s multiple resources in North Carolina, Quebec, and Ghana.
“The huge momentum of the electric vehicle industry continues to accelerate, especially in North America, where battery manufacturers and electric vehicle manufacturers make expansion announcements almost every day. One thing that remains the same in this electric environment is the need for lithium to help the industry Expected power supply growth,” said Keith Phillips, Piedmont’s president and CEO. "A company that can control a large amount of spodumene and produce battery-grade lithium hydroxide cost-effectively can serve the fast-growing electric vehicle market, and at the same time bring more and more value to shareholders. It is what we did to build our company," Phillips added.
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