LAC - Lithium Junior Miners News For The Month Of May 2024

2024-05-29 13:24:22 ET

Summary

• Lithium spot prices were slightly lower the past month.
• Lithium market news - U.S. LPO is clarifying that it may also fund “production” or mining and extraction activities.
• Junior lithium miner company news - Leo Lithium signs MOU for the sale of its 40% interest in Goulamina Project to Ganfeng. PMET drills 126.3m at 1.66% Li2O at Corvette.
• Lithium Ionic reports exceptional drill results from Bandeira of 1.25% Li2O over 50m. Wildcat Resources high-grade Luke discovery returns 43m at 1.4% Li2O and 54.4M @ 1.2% Li2O. Winsome Resources Adina Mineral Resource increases 33% to 78Mt at 1.15% Li2O with 79% Indicated.

Welcome to the May 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 to late 2020s 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.

May saw lithium prices slightly lower.

Lithium price news

Asian Metal reported during the past 30 days, the China delivered lithium carbonate (99.5% min.) spot price was down 2.76% and the China lithium hydroxide (56.5% min.) price was down 3.93%. The Lithium Iron Phosphate (3.9% min) price was down 4.55%. The Spodumene (6% min) price was down 1.47% 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 1,112, as of May 24, 2024....

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