FMC - Lithium Miners News For The Month Of December 2020

• Lithium prices were higher for the past month, boosted by record EV demand in Europe and China.
• Lithium market news - Li-ion battery prices continue to fall in 2020, EV/ICE parity nears (Bloomberg hints at 2023 parity).
• Lithium company news - SQM signs long-term lithium contract with LG Energy Solutions. Ganfeng Lithium Mahong Factory adds 50,000 tons of battery-grade lithium hydroxide annual production capacity.
• IGO Limited buys 49% stake in Tianqi Lithium Energy Australia (TLEA), equating to 24.99% in Greenbushes plus 49% in Tianqi's suspended Kwinana lithium processing plant, for US$1.4b.
• Altura creditors approve Pilbara Minerals offer. Galaxy Resources raises A$161 million. Lithium Americas announces closing of US$100M ATM offering.

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