Thursday, 19 September 2024

Focus on Albemarle

FILE PHOTO: A brine pool reflects clouds at a lithium mine in the Atacama salt flat, close to San Pedro de Atacama area, Antofagasta region, Chile May 4, 2023. REUTERS/Ivan Alvarado/File Photo
AnalysisClimateCritical MineralsEnvironmentMinerals

Lithium mining is slowly sinking Chile’s Atacama salt flat, study shows

Scientific study of satellite data shows Atacama salt flat sinking in areas heavily used for pumping by lithium miners.

FILE PHOTO: An aerial view shows the brine pools of SQM lithium mine on the Atacama salt flat in the Atacama desert of northern Chile, January 10, 2013. REUTERS/Ivan Alvarado/File Photo
BusinessCritical MineralsMineralsNews

Chile’s SQM posts 63% profit slump, expects lithium prices to stay weak

SQM profits slide despite record-high sale volumes of lithium due to the battery metal's price dropping.

FILE PHOTO: A tonne of nickel powder made by BHP Group sits in a warehouse at its Nickel West division, south of Perth, Australia August 2, 2019. REUTERS/Melanie Burton/File Photo
BusinessCritical MineralsEconomyMineralsMiningNews

Western Australian job losses dent nation’s green ambitions

Australia's mining industry lays off 2% of the workforce in July alone, leaving in doubt projects that would feed the energy transition.

FILE PHOTO: A general view shows the brine pools of Albemarle Chile lithium plant placed on the Atacama salt flat, Chile, May 4, 2023. REUTERS/Ivan Alvarado/File Photo
BusinessCritical MineralsElectric VehiclesMiningNews

Tumbling lithium prices push Albemarle to fresh round of cost cuts

Albemarle, the world's top lithium producer, plans cost cuts amid tumbling lithium prices and a Q2 loss, citing weak EV demand.

FILE PHOTO: A view of Albemarle lithium mine located on the Atacama salt flat is pictured, in Antofagasta region, Chile, May 4, 2023. REUTERS/Ivan Alvarado/File Photo
AnalysisBusinessClimateCritical MineralsEconomyElectric VehiclesLegislationNewsPoliticsSolar

Which companies received tax credits under the U.S. Inflation Reduction Act?

Thirty five projects, focused on electrical grid enhancements, critical minerals, and electric vehicle components, among others, got a total of $1.93 billion in...

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