BATT - Lithium Miners News For The Month Of February 2024
2024-02-25 05:24:53 ET
Summary
- Lithium carbonate spot prices were generally flat the past month.
- Lithium market news - Fastmarkets forecast a tentatively balanced lithium market in 2024. US moves to restore stockpiling ‘panic button’ in EV metals fight with China.
- Lithium company news - Albemarle plans to reduce capital expenditures, costs to unlock >US$750M of cash flow. Tianqi Lithium issues large negative profit warning.
- Sayona Mining Moblan Lithium Project DFS positive results deliver c$2.2b NPV. Piedmont sells down all its Sayona Mining shares to raise cash. Sigma Lithium significantly increased Mineral Resource by 27% to 109mt and achieves stage 2 debt funding letter of intent.
Welcome to the February 2024 edition of the lithium miner news.
The past month saw lithium prices generally flat.
Lithium price news
Asian Metal reported during the past 30 days, the China delivered lithium carbonate (99.5% min.) spot price was down 0.59% and the China lithium hydroxide (56.5% min.) price was down 2.18%. The Lithium Iron Phosphate (3.9% min) price was flat (0.0% change). The Spodumene (6% min) price was flat (0.0% change) 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 910/t, as of Feb. 22, 2024....
Lithium Miners News For The Month Of February 2024