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Bass Metals to acquire San Jorge lithium brine project in Argentina

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Australia-based Bass Metals has signed a binding term sheet to acquire Blackearth SA which holds an option to acquire the san Jorge Lithium Project located in Catamarca province, Argentina. In other parts of the salar, salt crust is present between areas of the volcanic ash/sand/silt/clay cover on the surface of the salt lake.

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ADEME / IFPEN study examines non-geological risks in the security of lithium supplies based on electrification of global car fleet

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ADEME, France’s Environment and Energy Management Agency, carried out a study with IFP Energies nouvelles (IFPEN) on the dynamics of lithium supply and demand, based on different scenarios for the electrification of the global car fleet by 2050. Source: USGS, 2017).

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Study outlines supply chain challenges for lithium

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A doctoral student in engineering management at Missouri University of Science and Technology, Ona Egbue, is studying potential disruptions to the long-term supply chain for lithium. However, there are issues associated with the present supply chain of raw materials for battery production, particularly the security and supply of lithium.

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California Governor signs bill creating commission on lithium extraction in California

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Currently, virtually all of the lithium used in the US is produced outside the country—most is mined in Argentina, Chile, China, and Australia. The only current domestic supply comes from the Silver Peak mine in Nevada. Most of these deposits are located in, and around, the Salton Sea in the Imperial Valley. Earlier post.).

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Total greenlights Vega Pleyade gas field development offshore Tierra del Fuego

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Total (operator, 37.5%) has made the final investment decision to develop the Vega Pleyade gas and condensate field offshore Tierra del Fuego, Argentina in the Southern Atlantic. Present in Argentina since 1978, Total, through its affiliate Total Austral, operates 30% of that country’s gas production.

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International Lithium Association (ILiA) established to be the voice of the global lithium industry

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The Association will include Members from the entire supply chain: from resource to the end-users. Traces of this element are present in nearly all minerals, brines, clays and sea water. —Anand Sheth. The element lithium (Li) is the lightest of all the metallic atoms and is the 33 rd most common element on Earth.

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Oversold Lithium could be about to rally

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Investing in the commodity market can be a roller-coaster ride; what with the incessant boom-and-bust cycles driven by the ebb and flow in infrastructural spending, production ramps/cutbacks and stockpiling/destocking supplies. The screenshot below from Orocobre’s investor slide presentation is a sobering reminder to this reality.

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