Callum Perry

Oct 30, 2024 | fastmarkets.com | Callum Perry

The Ngungaju plant, located in Western Australia, produces spodumene concentrate and was acquired by Pilbara Minerals in 2021 from Altura Lithium. The plant has a nameplate capacity of 180,000-200,000 tonnes per year of spodumene concentrate but has a lower capacity and operates at higher cost than the company’s Pilgan plant, which also produces spodumene concentrate.

Oct 29, 2024 | fastmarkets.com | Callum Perry |Ewan Thomson

Eramine Sudamerica is Eramet’s subsidiary responsible for managing the company’s lithium mining and extraction activities in the region. Eramet and Tsingshan had previously partnered on the Centenario project, beginning construction of a lithium carbonate extraction plant in October 2021 after a successful pilot plant run since 2019. The facility, inaugurated in July 2024, has a nameplate capacity of 24,000 tonnes per year of battery-grade lithium carbonate.

Oct 28, 2024 | fastmarkets.com | Callum Perry |Zihao Li

A total of 29 lots have traded at the time of publication on Monday, according to CME data. The CME Group announced the spodumene futures contract, which is settled against Fastmarkets’ spodumene, min 6% Li2O, spot price, cif China assessment, on September 30.

Oct 8, 2024 | fastmarkets.com | Callum Perry |Yasemin Sim Esmen |Ewan Thomson

However, since the initial uplift to the week, the overall market has been quiet due to a number of regional holidays and the annual London Metal Exchange Week in London. In China, participants are out of the market due to the Golden Week celebrations from October 1-7, while South Korea held a public holiday on October 3. As a result, the GFEX has been closed since September 30 and will not resume trading until October 8.

Oct 3, 2024 | fastmarkets.com | Callum Perry |Julienne Raboca

Miners are increasingly partnering with Chinese companies to leverage their engineering and project delivery capabilities, which offer significant cost and speed advantages, according to panelists at the FT’s Mining Summit held in London on Friday September 27. In the panel “Critical Minerals & the Future of the Battery”, Geoff Streeton, chief development officer at French non-ferrous miner Eramet, highlighted this trend.