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Brine-to-battery company EnergyX secures $450M funding agreement with Global Emerging Markets

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Lithium and battery technology company Energy Exploration Technologies announced a $450-million investment commitment from Global Emerging Markets (GEM). The proceeds from this capital investment will further the company’s commercialization efforts of its direct lithium extraction and refinery technologies.

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KABIL Secures $24 Million Lithium Exploration Deal in Argentina | Autocar Professional

Baua Electric

Mines Minister Pralhad Joshi, expressing optimism about the project’s impact, stated, “The project will help India strengthen lithium supplies while developing lithium mining and downstream sectors of both the countries.”

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Korean consortium forming JV with Bolivian miner Comibol for lithium production in Salar de Uyuni

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KORES ) and steelmaker POSCO has entered an agreement with Bolivia’s state-run miner Comibol (Corporación Minera de Bolivia) to set up a joint venture to produce lithium intended for lithium-ion batteries. The global lithium market has been expanding by 6% annually since 2000, according to KORES.

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Galaxy notes lithium carbonate prices in China rose 17% over last 12 months

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Lithium market watcher, Asia Metal Pty Ltd, said in a recent note that the “ mainstream price of battery grade lithium carbonate rose to about RMB 42,000-44,000/tonne (US$6,650-6,960/tonne) and for small orders, many suppliers have sold at prices as high as RMB 45,000/tonne (US$7,120/tonne). ”.

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Opinon: Lithium Market Set To Explode; All Eyes Are On Nevada

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While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending American lithium boom.

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Lithium: Good News for the Australian Mining Industry

CleanTechnica EVs

In good news for the Australian mining industry, miners produced 55,000 tonnes of lithium in 2021, a 28% increase from the 39,700 tonnes of lithium produced in 2020. This is approximately half of global production.

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Rough road for EV industry

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The company shut down orders after reaching 200,000 units, citing a shortage of lithium-ion batteries. its lithium industry, placing the country’s resources under government control. Chile and Bolivia appear to be heading down the same path, placing rigid restrictions on outside access to the countries’ lithium.