SQM - Lithium Junior Miners News For The Month Of April 2024
2024-04-28 02:11:19 ET
Summary
- Lithium spot prices were generally flat the past month.
- Lithium market news - Chile opens 26 lithium salt flats to private companies. Fastmarkets - "We forecast a fairly balanced market in 2024."
- Junior lithium miner company news - Atlas Lithium secures US$30M Strategic Investment & Offtake Agreement from Mitsui. Galan Lithium increases total Mineral Resource by 18% to 8.6Mt LCE @859mg/L Li.
- Patriot Battery Metals drills 133.9 m at 1.21% Li2O at CV5 Corvette. Delta Lithium drills Drills 94m @ 0.94% Li2O. Winsome Resources signs Exclusive Option Agreement to acquire the assets comprising the Renard Mine and infrastructure, drills 61.5m at 1.62% Li2O at Adina.
Welcome to the April 2024 edition of the 'junior' lithium miner news. We have categorized those lithium miners that are not in production as the juniors.
Note: Investors are reminded that many of the lithium juniors will most likely not be needed until the mid and late 2020's to supply the potentially booming electric vehicle [EV] and energy storage markets. This means investing in these companies requires a higher risk tolerance and a longer time frame.
April saw lithium prices generally flat after recovering in Q1, 2024.
Lithium price news
Asian Metal reported during the past 30 days, the China delivered lithium carbonate (99.5% min.) spot price was up 0.13% and the China lithium hydroxide (56.5% min.) price was up 0.23%. The Lithium Iron Phosphate (3.9% min) price was down 0.77%. The Spodumene (6% min) price was up 1.2% over the past 30 days....
Lithium Junior Miners News For The Month Of April 2024