- Lithium chemicals prices were slightly lower the past month due to China Covid lockdowns & lower China EV sales; however, spodumene prices continued to rise strongly.
- Lithium market news - Chile’s constitutional assembly rejects plans to nationalise parts of mining sector. BMI global gigafactory pipeline at 304 gigafactories and 6,387.6 GWh of battery capacity.
- Lithium company news - POSCO to invest $20 billion in battery materials to rival Chinese firms. Q1 revenues and profits surge for the lithium producers.
- The near term lithium producers (LAC, Argosy Minerals, Core Lithium & Sigma Lithium) remain on track to become producers later in 2022.
For further details see:
Lithium Miners News For The Month Of May 2022