Saturday, 18 January 2025

Focus on Albemarle

FILE PHOTO: Lithium evaporation ponds are seen at Albemarle Lithium production facility in Silver Peak, Nevada, U.S. October 6, 2022. REUTERS/Carlos Barria/File Photo
BusinessCritical MineralsEconomyNews

Albemarle loses more than $1 billion in Q3 on falling lithium prices

The company reported a net loss of $1.11 billion, compared to a net profit of $302.5 million, in the year-ago quarter.

FILE PHOTO: Brine pools used to extract lithium are seen next to a lithium mining camp at the Salar del Rincon salt flat, in Salta, Argentina August 12, 2021. REUTERS/Agustin Marcarian/File Photo
AnalysisBusinessCritical MineralsElectric Vehicles (EVs)ManufacturingMining

Rio Tinto’s real prize: Arcadium’s lithium extraction technology

Rio Tinto's $6.7B Arcadium buyout will give it lithium filtration technology set to transform electronics, EV production.

FILE PHOTO: Rio Tinto logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCritical MineralsElectric Vehicles (EVs)MiningNewsSolarStorage

Rio Tinto in talks to buy lithium miner Arcadium, sources say

Rio Tinto eyes $4-6 billion Arcadium takeover to secure lithium, positioning as the third-largest EV battery metal producer.

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 Vehicles (EVs)MiningNews

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 Vehicles (EVs)LegislationNewsPoliticsSolar

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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