High Voltage: Lithium sun is starting to rise as demand improves
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Active restocking by battery manufacturers has sent prices of battery-grade lithium chemicals soaring thanks to tight supplies.
Fastmarkets noted that domestic Chinese lithium hydroxide prices climbed 4.1 per cent in a week to between 73,000 yuan ($A14,575.70) and 78,000 yuan per tonne while lithium carbonate was up 2.9 per cent to between 88,000 yuan and 92,000 yuan per tonne.
And lithium demand may well go higher with at least one consumer noting that lithium producers were increasingly less willing to sell because of the rapid rally in prices.
Prices of battery-grade lithium also increased in Europe and the US with the lithium hydroxide pricing climbing 50c per kilogram to between $US12 and $US13.50 per kg.
In March, 69 stocks on our list recorded gains while 40 took a trip down.
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Shares in the company climbed after internationally renowned geologist Dr Minlu Fu joined the company as a technical advisor for the Narndee nickel and platinum group metals project.
Adding interest, Dr Fu and his associates have demonstrated their belief in the project by committing to a $2m placement priced at 20c per ARN share.
Narndee is a large layered mafic-ultramafic complex where Aldoro has identified 16 major high-value targets within the core area that correlate well with historical surface geochemistry.
The company is acquiring up to a 74 per cent interest in an ESG integrated extraction, processing, refining, and manufacturing technology developed by TCM Research that uses existing processing methodologies to produce battery grade vanadium pentoxide and high-end vanadium products.
Importantly for Vanadium Resources, the processing technology is carbon efficient and produces hydrogen, which could be used for power generation and sold as a byproduct.
Blackearth shares gained over the past week as its large scale pilot test program, which is operating two weeks ahead of schedule, returned outstanding test results.
Initial results have already confirmed earlier Stage 1 results with grades of over 95 per cent fixed carbon content that confirm that the Mainry project’s graphite product potential is suitable for downstream processing and feed for the electric vehicle market.
To top it off, analysis of the jumbo and large flake results indicate that about 20 per cent of the graphite concentrate yields are of high value jumbo flake size that is in short supply globally.
Drilling at the company’s Khusib Springs copper deposit in Namibia has been extended to include the historical, high-grade Nosib copper-vanadium mine.
Drilling will test copper mineralisation on the contact zone but will also test for mineralisation in the footwall sandstone where mineralisation was mapped along an exploratory underground drive that extends to the south for 50m.
Jindalee has increased the scale of its McDermitt lithium project in the US after staking 271 new claims that are highly prospective for lithium.
The new claims take the total area covered up to 54.6sqkm and increase the potential development options at the project.
A recent drilling program confirmed that mineralisation extends west and scattered outcrops of the sediments which host the lithium mineralisation at McDermitt have been observed on the new claims.