• 8 minutes U.S. Shale Oil Debt: Deep the Denial
  • 13 minutes WTI @ $75.75, headed for $64 - 67
  • 16 minutes Trump vs. MbS
  • 37 mins Despite pressure about Khashoggi's Murder: Saudi Arabia Reassures On Oil Supply, Says Will Meet Demand
  • 17 hours Nuclear Pact/Cold War: Moscow Wants U.S. To Explain Planned Exit From Arms Treaty
  • 10 hours Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 5 hours Merkel Aims To Ward Off Diesel Car Ban In Germany
  • 59 mins Why I Think Natural Gas is the Logical Future of Energy
  • 17 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 14 hours Iraq war and Possible Lies
  • 4 mins Satellite Moons to Replace Streetlamps?!
  • 10 hours Get on Those Bicycles to Save the World
  • 1 day Can the World Survive without Saudi Oil?
  • 1 day Long-Awaited Slowdown in China Exports Still Isn’t Happening
  • 12 mins Aramco to Become Major Player in LNG?
  • 11 hours EU to Splash Billions on Battery Factories
Alt Text

U.S. And Europe Divided On The Future Of Oil

Oil majors in Europe and…

Alt Text

Is There Too Much Light Crude On The Market?

Light crude typically sells at…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Lithium: The Bright Spot For The Commodity Sector

I reported last week that technology stalwart Tesla is looking at getting into the mining business. And this week we got a lot more interest in the same commodity the electric car maker is pursuing.

Lithium.

A number of big players this week said they are looking to focus on the lithium mining space. Including world-leading miner Rio Tinto, which noted it is looking at making its first moves into the minor metal.

The Sydney Morning Herald yesterday quoted Rio Tinto’s head of Diamonds and Minerals, Alan Davies, as saying that the miner is looking to jumpstart production through its Jadar lithium project in Serbia. Related: Colombia’s Oil Dreams Fall Short

“Lithium carbonate would be new for us, but the world will need a lot more lithium in the future for electric cars,” Davies said.

Davis also noted that Rio Tinto would look to develop lithium as a “strategic partner either with a car manufacturer or a battery manufacturer.” Further suggesting that end users of lithium like Tesla are going to be a major force in driving funding and development in this sector.

Lithium has also caught the attention of another big player in the global mining sector: the government of Chile. With officials there being quoted in local press Wednesday as saying they will look to focus on this metal as copper prices fall. Related: OPEC Members In Jeopardy, How Long Can They Hold Out?

Chile’s Minister of Mining, Aurora Williams, said that metals like lithium and gold will become increasingly important to Chile’s mining sector. Suggesting that the government may throw support behind this sector to aid Chile’s economic development during the current mining downturn.

That would be an important development for the global minerals sector. Potentially setting up lithium as one of the few “bright spots” for sentiment, funding, and project work in the mining industry today.

Watch for more deals being announced in Chile and beyond.

Here’s to a major role for a minor metal

By Dave Forest

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News