• 2 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 4 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 11 hours "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days Demonising fossil fuels has caused major grid problem in Australia
  • 4 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 6 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 330 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 8 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
  • 9 days "And this is perhaps the most dangerous kind of government there can be."
MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Bacanora Lithium Starts Work At Flagship Project In Mexico

Exploration and development company Bacanora Lithium (LON:BCN) said on Wednesday it had begun initial site activities at its flagship Sonora lithium project in Mexico.

The company is developing the mine with strategic partner Ganfeng Lithium, which recently increased its stake in the Mexican project from 22.5% to 50%, injecting $65 million into Bacanora’s coffers.

Production of battery grade lithium, the company said, is scheduled for 2023, with output estimated at 35,000 tonnes of lithium per year.

Bacanora said the construction team is focusing on preparatory work required to upgrade the main access road to the site. This will allow heavy equipment to start the bulk site earthworks later in the year.

The company has launched a tender program that aims to use local construction and engineering groups from the surrounding Sonora region.

Bacanora said it has also engaged an ecological services company based in Sonora to begin initial site works. These activities will involve the rescue and removal of surface vegetation and topsoil in the area where the processing plant will be built.

The excavated material will be stockpiled at a location adjacent to the plant site and will be stored in a manner that allows Bacanora to incorporate it into the future project rehabilitation schedule, the company said.

Price spike

Lithium prices have soared in recent weeks, particularly in China, on the back of heavy demand for lithium iron phosphate (LFP) batteries and tight battery-grade lithium carbonate spot supply.

The uptrend has expanded into Europe, the United States and the seaborne Asia market. 

Producers have said they expect the price trend to continue after the Chinese New Year holiday, which officially ends on February 17.

Bacanora has said it expects lithium demand to grow by 800% by 2030, thanks to increased electric vehicles (EV) demand.

By Mining.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News