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Fairmont (TSX-V: FMR) Receives Short Extension For Grabasa Acquisition $FMR.ca

Posted by AGORACOM-JC at 11:40 AM on Wednesday, February 22nd, 2017

  • Received an extension to complete the payment for Granitos de Badajoz  until March 8, 2017 from the Spanish Court in Badajo
  • “We have been working diligently with a European based funding group and they are in the final stages of completing the necessary documentation,” states Michael Dehn, President and CEO of Fairmont Resources…”

VANCOUVER, BRITISH COLUMBIA–(Feb. 22, 2017) – Fairmont Resources Inc. (“Fairmont”) (TSX VENTURE:FMR) is pleased to announce it has received an extension to complete the payment for Granitos de Badajoz (“Grabasa”) until March 8, 2017 from the Spanish Court in Badajoz.

“We have been working diligently with a European based funding group and they are in the final stages of completing the necessary documentation,” states Michael Dehn, President and CEO of Fairmont Resources. “While there can be no guarantee of success until this process is completed, this short extension was required to secure the Grabasa assets while finalizing the required logistics and paperwork for financing.”

Upon receipt of clearance documentation Fairmont will provide an update to all stakeholders, expected to be in less than a week, on the status of funding for Grabasa.

About Fairmont Resources Inc.

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

On behalf of the Board of Directors,

Michael A. Dehn, President and CEO, Fairmont Resources Inc.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s ability to complete the proposed private placement financing, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Michael A. Dehn
President and CEO, Fairmont Resources Inc.
647-477-2382
michael@fairmontresources.ca
www.fairmontresources.ca

Doren Quinton
President QIS Capital
250-377-1182
info@smallcaps.ca
www.smallcaps.ca

 

Chile’s SQM sees 8-10% growth in lithium demand this year $NAM.ca $DGO.ca $BFF.ca $SX.ca $FMR.ca

Posted by AGORACOM-JC at 11:22 AM on Wednesday, February 22nd, 2017
  • “The prices in the lithium market and the growth in demand have been quite relevant in recent years. We expect growth in demand for this product of between 8 and 10 percent,” Illanes said.

Feb 19 Chile’s SQM expects demand for lithium to grow between 8 percent and 10 percent this year and is working to improve financial performance by 2020, an executive told local paper El Mercurio on Sunday.

SQM, one of the world’s biggest producers of lithium and iodine, has been trying to consolidate its position with investments abroad.

In 2020 SQM expects annual earnings before interest, taxes, depreciation and amortization (EBITDA) of $1 billion. Currently quarterly EBITDA is less than $200 million, Gerardo Illanes, vice president of finances, told the newspaper.

“The prices in the lithium market and the growth in demand have been quite relevant in recent years. We expect growth in demand for this product of between 8 and 10 percent,” Illanes said.

SQM plans to invest $100 million to increase its production capacity this year, which combined with its capital injection in Argentina would lead to a total investment of around $300 million, he said.

Illanes said SQM would not have a problem financing its projects although he did not rule out tapping debt markets. (Reporting by Fabián Andrés Cambero; Writing by Caroline Stauffer; Editing by Jeffrey Benkoe)

Source: http://www.reuters.com/article/sqm-demand-idUSL1N1G407H

Lithium: The Fuel of the Green Revolution $DGO.ca $FMR.ca $SX.ca $BFF.ca $NAM.ca

Posted by AGORACOM-JC at 4:26 PM on Wednesday, February 15th, 2017

Fairmont Resources Closes Final Tranche of Financing $FMR.ca

Posted by AGORACOM-JC at 3:35 PM on Monday, January 23rd, 2017

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  • Closed the final tranche of its previously announced private placement financing by issuing 2,142,857 units  at a priceof $0.07 per NFT Unit for gross proceeds of $150,000
  • Fairmont issued a total of 1,425,000 flow-through units

VANCOUVER, BRITISH COLUMBIA–(Jan. 23, 2017) - Fairmont Resources Inc. (“Fairmont”) (TSX VENTURE:FMR) is pleased to announce that is has closed the final tranche of its previously announced private placement financing by issuing 2,142,857 units (the “NFT Units”) at a price of $0.07 per NFT Unit for gross proceeds of $150,000. Under the entire financing, Fairmont issued a total of 1,425,000 flow-through units (the “FT Units”) for gross proceeds of $114,000 and 2,142,857 NFT Units for gross proceeds of $150,000.

Each NFT Unit is comprised of one non-flow-through common share of Fairmont and one common share purchase warrant (a “NFT Warrant”), with each NFT Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issue.

The NFT securities issued under the financing will be subject to resale restrictions expiring May 22, 2017. The previously closed FT securities (See release of December 30, 2016) are subject to resale restrictions expiring May 1, 2017.

No finder’s fees were paid on this financing.

The proceeds from the NFT private placement will be used for general working capital.

About Fairmont Resources Inc.

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have displayed exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

On behalf of the Board of Directors,

Michael A. Dehn
President and CEO, Fairmont Resources Inc.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s ability to complete the proposed private placement financing, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE.

Michael A. Dehn
President and CEO
Fairmont Resources Inc.
647-477-2382
michael@fairmontresources.ca
www.fairmontresources.ca

Doren Quinton
President
QIS Capital
250-377-1182
info@smallcaps.ca
www.smallcaps.ca

VANCOUVER, BRITISH COLUMBIA–(Jan. 23, 2017) - Fairmont Resources Inc. (“Fairmont”) (TSX VENTURE:FMR) is pleased to announce that is has closed the final tranche of its previously announced private placement financing by issuing 2,142,857 units (the “NFT Units”) at a price of $0.07 per NFT Unit for gross proceeds of $150,000. Under the entire financing, Fairmont issued a total of 1,425,000 flow-through units (the “FT Units”) for gross proceeds of $114,000 and 2,142,857 NFT Units for gross proceeds of $150,000.

Each NFT Unit is comprised of one non-flow-through common share of Fairmont and one common share purchase warrant (a “NFT Warrant”), with each NFT Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issue.

The NFT securities issued under the financing will be subject to resale restrictions expiring May 22, 2017. The previously closed FT securities (See release of December 30, 2016) are subject to resale restrictions expiring May 1, 2017.

No finder’s fees were paid on this financing.

The proceeds from the NFT private placement will be used for general working capital.

About Fairmont Resources Inc.

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have displayed exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

On behalf of the Board of Directors,

Michael A. Dehn
President and CEO, Fairmont Resources Inc.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s ability to complete the proposed private placement financing, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE.

Michael A. Dehn
President and CEO
Fairmont Resources Inc.
647-477-2382
michael@fairmontresources.ca
www.fairmontresources.ca

Doren Quinton
President
QIS Capital
250-377-1182
info@smallcaps.ca
www.smallcaps.ca

Tesla to begin lithium-ion battery production at US megafactory – bodes well for $DGO.ca $BFF.ca $PFN.ca $SX.ca $FMR.ca

Posted by AGORACOM-JC at 10:39 AM on Thursday, January 5th, 2017
Tesla Motors chief executive Elon Musk jumps out of one of his electric vehicles. Picture: NEWZULU.
Image: Tesla Motors chief executive Elon Musk jumps out of one of his electric vehicles. Picture: NEWZULU.

Elon Musk’s Tesla Motors says it has started producing lithium-ion battery cells at its $5 billion factory in Nevada.

The company says it began making high-performance cells in December and production started overnight for cells used in Powerwall energy-storage products.

Tesla plans to start making batteries for its Model 3 sedans later this year.

The massive Gigafactory outside Sparks is coming online in phases, with a goal of full operation in 2018.

Officials say it could almost double the world’s production of lithium-ion batteries, making them more affordable as the company looks beyond the luxury niche market.

The electric carmaker says it has more than 850 full-time employees, plus more than 1700 construction workers.

Nevada has promised Tesla $1.3 billion in state tax incentives based on projections that it’ll employ 6500 people at full production.

Source: https://thewest.com.au/business/startup/tesla-begins-lithium-ion-battery-production-at-us-megafactory-ng-b88347284z

Fairmont Resources Inc. Receives Extension for Grabasa Acquisition $FMR.ca

Posted by AGORACOM-JC at 4:38 PM on Wednesday, December 28th, 2016

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  • Received an extension to complete the payment for Granitos de Badajoz until February 22, 2017 from the Spanish Court in Badajoz
  • “We are optimistic that a financing solution is close at hand for completing the acquisition of Grabasa. With imports increasing 10.9% for worked granite into the United States from Spain in the 3rd Quarter 2016 versus 3rdQuarter 2015 when other countries have seen large decreases, other than China, we see an acceptance of Spanish product into the United States market, and for Grabasa this is a new large target market” states Michael Dehn, President and CEO of Fairmont Resources

VANCOUVER, BRITISH COLUMBIA–(Dec. 28, 2016) - Fairmont Resources Inc. (“Fairmont”) (TSX VENTURE:FMR) is pleased to announce it has received an extension to complete the payment for Granitos de Badajoz (“Grabasa”) until February 22, 2017 from the Spanish Court in Badajoz.

“We are optimistic that a financing solution is close at hand for completing the acquisition of Grabasa. With imports increasing 10.9% for worked granite into the United States from Spain in the 3rd Quarter 2016 versus 3rdQuarter 2015 when other countries have seen large decreases, other than China, we see an acceptance of Spanish product into the United States market, and for Grabasa this is a new large target market” states Michael Dehn, President and CEO of Fairmont Resources.

The U.S. imports of Worked Granite (sawn, one-side polished), a key product produced at Grabasa when last in operation, have generally fallen for most producing nations other that Spain where there was a 10.9% increase, and China where there was a 0.3% increase.

WORKED GRANITE: U.S. IMPORTS
(metric tons)
3Q 2016 3Q 2015 Change
TOTAL 420,616 526,118 -20.1%
Top Sources
Brazil 201,838 250,122 -19.3%
China 100,419 100,168 0.3%
India 64,084 76,819 -16.6%
Spain 17,954 16,191 10.9%
Italy 12,560 28,019 -55.2%
Canada 10,340 46,439 -77.7%
Source: U.S. International Trade Commission, Stone Update analysis

(From: December 26, 2016, stoneupdate.com)

About Fairmont Resources Inc.

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have displayed exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

On behalf of the Board of Directors,

Michael A. Dehn
President and CEO, Fairmont Resources Inc.
Tel:647-477-2382
michael@fairmontresources.ca
http://www.fairmontresources.ca/

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s ability to complete the proposed private placement financing, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Doren Quinton
President QIS Capital
250-377-1182
info@smallcaps.ca
www.smallcaps.ca

Fairmont Resources Inc. (TSX-V: FMR) Announces Proposed Private Placement Financing of Flow-Through and Non-Flow-Through Units $FMR.ca

Posted by AGORACOM-JC at 11:45 AM on Thursday, December 22nd, 2016

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  • Proposed non-brokered private placement financing of up to 2,142,857 units at a price of $0.07 per NFT Unit
  • Gross proceeds of up to $150,000 and a minimum of 1,250,000 and maximum of 1,875,000 units at a price of $0.08 per FT Unit for gross proceeds of up to $150,000

VANCOUVER, BRITISH COLUMBIA–(Dec. 22, 2016) - Fairmont Resources Inc. (“Fairmont”) (TSX VENTURE:FMR) is pleased to announce a proposed non-brokered private placement financing of up to 2,142,857 units (the “NFT Units”) at a price of $0.07 per NFT Unit for gross proceeds of up to $150,000 and a minimum of 1,250,000 and maximum of 1,875,000 units (the “FT Units”) at a price of $0.08 per FT Unit for gross proceeds of up to $150,000.

Each NFT Unit will be comprised of one common share of Fairmont and one common share purchase warrant (a “NFT Warrant”), with each NFT Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issue. Each FT Unit will be comprised of one flow-through common share of Fairmont (of which $0.072 of each flow-through common shares will be committed to qualifying expenditures) and one common share purchase warrant (a “FT Warrant”), with each FT Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of two years from the date of issue.

Subject to TSX Venture Exchange approval, Fairmont may pay a finder’s a fee in cash and/or warrants. The finder’s warrants will be on the same terms as the Warrants under the private placement.

Closing of the private placement is subject to TSX Venture Exchange approval.

The proceeds from the private placement will be used for work on Fairmont’s properties and general working capital purposes.

About Fairmont Resources Inc.

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

On behalf of the Board of Directors,

Michael A. Dehn, President and CEO, Fairmont Resources Inc.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s ability to complete the proposed private placement financing, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Michael A. Dehn
President and CEO, Fairmont Resources Inc.
647-477-2382
michael@fairmontresources.ca
www.fairmontresources.ca

Doren Quinton,
President QIS Capital
250-377-1182
info@smallcaps.ca
www.smallcaps.ca

Demand for battery metals set to soar: analysts $DGO.ca $PFN.ca $FMR.ca $SX.ca $BFF.ca

Posted by AGORACOM-JC at 3:31 PM on Monday, November 28th, 2016

 

 

  • “Lithium-ion batteries are a game changer in the energy world,” Alexa Capital’s founder and former head of European clean-tech research at Jefferies, Gerard Reid, said Monday, declaring a “revolution not evolution” in the energy world.
  • At five times the energy density of lead batteries, lithium-ion batteries are already the battery of choice in mobile phones, laptops and every new electric vehicle and, according to Reid, they will also be the cheapest by 2020.

London (Platts)–28 Nov 2016 948 am EST/1448 GMT

With nearly every forecast predicting higher battery use in the years ahead, especially lithium-ion batteries to power new and existing technologies largely in the automotive and consumer goods markets, demand for its component metals are set to soar, speakers at this year’s Mines and Money conference said Monday.

This includes cobalt, nickel, manganese, graphite and, most importantly, lithium itself.

“Lithium-ion batteries are a game changer in the energy world,” Alexa Capital’s founder and former head of European clean-tech research at Jefferies, Gerard Reid, said Monday, declaring a “revolution not evolution” in the energy world.

At five times the energy density of lead batteries, lithium-ion batteries are already the battery of choice in mobile phones, laptops and every new electric vehicle and, according to Reid, they will also be the cheapest by 2020.

“Technological advances and cost reduction in the last two years have been remarkable and nothing short of a revolution,” Reid said. “The main growth driver up to now has been consumer goods but what will take it to the next level is road transport.”

Driven by consumer demands for energy efficiency and the industry’s necessity to meet emissions targets, electric vehicle growth has accelerated in recent years, up 55% on the year to around 700,00 vehicles in 2016.

This still only accounts for less than 1% of the 80 million vehicles sold globally each year, yet there are signs that this could change rapidly.

The world’s largest vehicle manufacturer, Volkswagen, estimates it will be producing 2 million-3 million electric vehicles by 2025. Extrapolated across the industry this could mean a 30-40% market share for EVs.

In the US, Tesla outsold Mercedes in the luxury car market in 2016 for the first time in 40 years.

For Reid, this would mean an extra 800,000 mt of lithium demand by 2025, with a significant pickup of cobalt, nickel and graphite, and also silicon.

And it is not only electrical vehicles. With growing power generation expected from renewables, storage of the electricity generated will become more and more important.

Luke Kissam, CEO of one of the world’s largest lithium producers, Albermale, forecasts an extra 8,000-10,000 mt/year of lithium demand by 2020, with wholesale electronic storage expected to play a major role.

At the same time, lithium demand already significantly outpaces supply. Spot prices in China have reached $25,000/mt this year, compared with long-term contract prices of $4,000-$7,000/mt, reflecting its scarcity.

According to Roskill analyst David Merriman, the lithium market has been in deficit since 2013, largely because of demand outpacing supply growth.

Although stockpiles of minerals and concentrates have kept most end-processors overall well-supplied this year “increased control of feedstock, and later refined product, has led to a virtual tightness in lithium supply,” Merriman said.

While battery demand for lithium is currently only around 38% by end-use at 66,000/mt in 2015, it is expected to rise to 58% by 2020, he said.

At 35,000 mt, battery demand for cobalt is expected to increase from 39% by end-use to up to 50%. Graphite, up to 7% from 2% currently.

And although the lithium-battery industry is waking up to raw material issues, “based on short-term growth projections it may be too late to prevent an impact,” Merriman said.

Yet some concerns remain, especially over how much new supply will affect prices in the near to medium term.

“The demand story is there and it is well recognized, but the concern is the amount of potential supply coming online,” Macquarie’s metals analyst Stefan Ljubisavljevic said in a panel discussion Monday.

“There’s a lot of volume to come to market in the next 12-18 months and, unless there is ‘hockey stick’ demand from EVs, it is unlikely the market can absorb all that volume without prices softening,” he said.

While much of the supply chain to 2016 came from junior mining firms, new supply is expected to be largely from the larger producers, according to Merriman, such as Chile’s SQM, America’s Albermale and China’s Tianqi.

“Since 2016 incumbent producers have become more active in expansion, investment and increased overall exploration and production,” Merriman said. “Prices have incentivized both incumbent and junior companies to expand.”

–George King Cassell, george.king.cassell@spglobal.com –Edited by Jonathan Fox, jonathan.fox@spglobal.com

Source: http://www.platts.com/latest-news/metals/london/demand-for-battery-metals-set-to-soar-analysts-26606940

 

The World of EV’s Need Massive Supply of High Grade Lithium $FMR.ca $DGO.ca $BFF.ca $PFN.ca

Posted by AGORACOM-JC at 2:45 PM on Wednesday, November 9th, 2016

  • The World of EV’s Need Massive Supply of High Grade Lithium
  • Experts say that the amount of lithium being produced in North America will not be enough to meet the growing demand for EVs (electrical vehicles) but that some of problem might/might not be alleviated via recycling,

According to a report from the US EPA: “lithium-ion batteries “safe” for disposal in contrast to nickel-cadmium and lead-based battery products.”

Here is the reason recycling is not happening: the scrap value of lithium is 1/10 the of the value of lead, hence low to no economic gains from lithium battery recycling.

Another article by Waste Management World acknowledges that electrical vehicle-makers would like to re-use lithium from recycled batteries, but that: It does not make any economic sense to recycle the batteries.

Lithium-ion batteries contain a very small fraction of lithium carbonate as a percent of weight and are inexpensive compared to cobalt or nickel.

The average lithium cost associated with Li-ion battery production is less than 3% of the production cost.

Intrinsic value for the Li-ion recycling business currently comes from the valuable metals such as cobalt and nickel that are more highly priced than lithium.

Due to less demand for lithium and low prices, none of the lithium used in consumer batteries is completely recycled.

There is a growing North America shortage of lithium for EVs (electric vehicles): There are at least 20 or 25 direct-electrically powered and hybrids coming onto the market in the next 5 or 6 years. They will come from auto manufactures in the US, Europe, Japan, China and Korea.

Many in the industry are aware, talking about and working on the problem of providing the high high grade lithium. The investment opportunities abound.

About 70% of the world’s lithium deposits are concentrated in Argentina, Bolivia and Chile. The US imports over 80% of the lithium it uses.

Japan and South Korea (LG is the world’s largest producer) have both marked record high numbers of lithium-ion battery exports in H-1 in Y 2016, as auto companies ramp up battery consumption to power new all-electric offerings,

Benchmark Mineral Intelligence said a month ago. Lithium-ion battery shipments from Japan topped 33,500 tonnes in 2-H, up 17% from 2-H of of 2015 and over 31% Y-Y.

Have a terrific week

Source: http://www.livetradingnews.com/world-evs-need-massive-supply-high-grade-lithium-16753.html#.WCN4zcn5GNo

The growing demand for lithium $DGO.ca $FMR.ca $BFF.ca $PFN.ca

Posted by AGORACOM-JC at 11:12 AM on Friday, September 2nd, 2016

Image result for mining global logo

  • Global demand for Lithium is on the up
  • Worldwide demand for finished Lithium is around 160,000 tons a year
  • Expected to rise to 400,000 to 500,000 per year over the next decade.

The global demand for Lithium is on the up, worldwide demand for finished Lithium is around 160,000 tons a year. It is expected to rise to 400,000 to 500,000 per year over the next decade.

According to data from USGS, worldwide lithium production increased slightly in 2015 as a result of an increased demand for battery applications – of which lithium is a key component.

Batteries, specifically rechargeable batteries, have been identified as the largest potential growth area for lithium compounds with the demand for these far outweighing that of other rechargeable ones. Demand is also on the rise as automobile companies have entered the market, developing lithium batteries for electric and hybrid electric vehicles.

– Mineral-sourced lithium regained market share and was estimated to account for one-half of the world’s lithium supply in 2015 – which was 32,500 Mt.

– Rechargeable lithium batteries are used extensively in the growing market for portable electronic devices and increasingly are used in electric tools, electric vehicles, and grid storage applications. Lithium minerals were used directly as ore concentrates in ceramics and glass applications worldwide.

As for world mine production and reserves of lithium, the three powerhouses as listed in the report are:

– Australia leads the charge with 13,400 Mt production of lithium, with 2,000,000 in lithium reserves. Chile comes ins a close second, with 11,500 Mt of lithium and 7,500,000 in reserves. And the third largest producer is China, with 2,200 Mt in production and 3,200,000.

Three lithium producers from across the world:

The only lithium producer in North America is Lithium X, in Clayton Valley, Nevada. The Albermarle’s Silver Peak brine evaporation project, which has been the only lithium brine production in North America since 1966. Recent reports have revealed that Clayton Valley has an inferred resource of 816,000.

Lithium X also owns the Sal de Los Angeles project in the Salta Province, Argentina. It contains a Mineral Resource Estimate of 1,037,000 tonnes of lithium carbonated. Lithium X is focusing on becoming a low cost supplier for the burgeoning lithium battery industry, working with global battery giants like Panasonic, AESC, LG and BYD.

Australian lithium producers Pilbara Minerals own the Pilgangoora development project. The project contains the world’s second largest spodumene resource and one of the largest tantalite resources. With plans to become a leading low cost lithium supplier, a recent Ore Reserve estimate published in March this year revealed a 29.5 million tonnes of lithium oxide.

Shanghai China Lithium, founded in 2002, is a Chinese based lithium production company. The company produces an annual output of 600 tons of lithium dihydrogen phosphate; 3000 tons of Litium Carbonate, and 2500 tons of battery grade lithium hydroxide.

The September issue of Mining Global Magazine is here!

Source: http://www.miningglobal.com/operations/2045/The-growing-demand-for-lithium