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Top related persons:
Kent Masters - 1 Masters - 1 Albemarle - 1
Top related locs:
Greenbushes Australia Kemerton
Top related orgs:
Ltd - 1 Tianqi Lithium Corp - 1 Albemarle Corp - 1 Albemarle - 1 CNBC - 1

Search resuls for: "Greenbushes"


4 mentions found


☆ Lithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium prices
  + stars: | 2024-07-31 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +1 min
A worker walks past a pile of lithium ore at a Talison Lithium Ltd. site, a joint venture between Tianqi Lithium Corp. and Albemarle Corp., in Greenbushes, Australia. Lithium mining giant Albemarle will halt the expansion of a manufacturing plant in Australia, as the company reviews costs due to headwinds from weak lithium prices. The impacted facility, the Kemerton plant in Australia, is where the company produces battery-grade lithium hydroxide for electric vehicles and other products. It will also idle a lithium processing line at the plant and focus production on a single line. The plant's production capacity will fall to 25,000 tons from 50,000 tons currently as the line is idled, Masters said.
Persons: Kent Masters, Masters, Albemarle Organizations: Ltd, Tianqi Lithium Corp, Albemarle Corp, Albemarle, CNBC Locations: Greenbushes, Australia, Kemerton
☆ Factbox: World's biggest lithium producers
  + stars: | 2023-04-21 | by ( Carman Chew | ) www.reuters.com   time to read: +3 min
Chile holds the world's largest lithium reserves and is the world's second-largest producer. Australia is the world's biggest supplier, with production from hard rock mines. Rapid growth is forecast to be met by output gains in Australia, Chile and Argentina. WORLD'S BIGGEST MINESGreenbushes, Western Australia, by Talison Lithium (a joint venture of Tianqi Lithium (002466.SZ), IGO (IGO.AX) and Albemarle Corp (ALB.N)). Pozuelos-Pastos Grandes lithium salt lake, Argentina, bought by Ganfeng Lithium (002460.SZ), will produce 30,000 tonnes of lithium carbonate starting 2024, and can potentially be expanded to 50,000 tonnes.
☆ Bank of America sees lithium surplus in 2023 as demand eases
  + stars: | 2023-03-07 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +1 min
"We see a lot of supply coming out from lithium mines ... We are expecting 38% lithium supply growth this year. That's why 2023 is likely to turn into a surplus year for lithium," Zhao told CNBC. She also said she expects China's electric vehicle demand growth to slow from 95% last year to 22% this year. In the two years ending December 2021, lithium carbonate spot prices rose 5% to stand at 277,500 yuan per ton. But subsequently surged to a record high of almost 600,000 yuan per ton in November 2022, more than 12 times January 2021 prices.
☆ China's Tianqi-led venture bids for Australian lithium firm Essential
  + stars: | 2023-01-08 | by ( Scott Murdoch Jaskiran Singh | Scott Murdoch | Jaskiran Singh | ) www.reuters.com   time to read: +3 min
SYDNEY, Jan 9 (Reuters) - A venture headed by China's Tianqi Lithium (002466.SZ) made an A$136 million ($94.07 million) bid to buy Australian lithium developer Essential Metals (ESS.AX), in a big test of Australian regulators' appetite for Chinese-led foreign investment. Tianqi Lithium Energy Australia (TLEA), which is 51% owned by Shenzhen- and Hong Kong-listed Tianqi Lithium Corporation and 49% by Australian miner IGO Ltd (IGO.AX), set the bid at 50 Australian cents per share. The deal requires the approval of Australia's Foreign Investment Review Board (FIRB), with Treasurer Jim Chalmers having the ultimate say. Essential Metals' shares surged as much as 40% on Monday, trading as high as 48.50 Australian cents. It expects the Essential Metals deal to be completed by May 2023.
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