NNOMF - Lithium Junior Miners News For The Month Of March 2024

2024-03-27 10:18:37 ET

Summary

• Lithium spot prices were significantly higher the past month.
• Lithium market news - Global lithium producer SQM signals price rout has ended. China's lithium market set for long-term uptrend, says Ganfeng Lithium.
• Junior lithium miner company news - Lithium Americas receives conditional commitment for $2.26 Billion ATVM loan. Frontier Lithium and Mitsubishi Corporation form joint venture.
• Wildcat Resources drills 119.2m at 1.0% Li2O at Tabba Tabba. American Lithium PEA achieves an after-tax NPV8% of $5.11 billion at Falchani Hard Rock Lithium Project. Lithium South PEA results in an after-tax NPV8% of US$934 million at HMN Lithium Project.

Welcome to the March 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.

March saw lithium prices significantly higher and a busy month of news.

Lithium price news

Asian Metal reported during the past 30 days, the China delivered lithium carbonate (99.5% min.) spot price was up 6.92% and the China lithium hydroxide (56.5% min.) price was up 14.13% . The Lithium Iron Phosphate (3.9% min) price was up 4.93% . The Spodumene (6% min) price was up 12.18% over the past 30 days.

Metal.com reported lithium spodumene concentrate Index (Li2O 5.5%-6.2%, excluding tax/insurance/freight) spot price of USD 1,083, as of March 22, 2024....

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