Why the First Quarter of 2021 Has Been Promising for Lithium Market
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PALM BEACH, Fla., April 27, 2021 /PRNewswire/ The first few months of the year have been bright for the lithium market, with interest in battery metals increasing as electric vehicles (EVs) take over news headlines around the world. Despite the volatility brought by the coronavirus pandemic to every market, lithium has shown resilience and prices performed on an uptrend during the first quarter. At the end of last year, the trend of declining lithium prices seemed to be coming to an end, with analysts predicting a better price environment ahead. When the year kicked off, Benchmark Mineral Intelligence was already expecting the lithium market to come into tightness in 2021. They said: But the speed of price increases in Q1 2021 was beyond expectation, with prices for lithium carbonate having nearly doubled in price since the beg
EV Battery Industry Becoming One of the Fastest Expanding Markets Creating Boon for Lithium Miners
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PALM BEACH, Fla., April 13, 2021 /PRNewswire/ Today, with the increasing concerns raised over the environmental impact of conventional vehicles, governments around the world are encouraging the adoption of vehicles using alternative sources of fuel. EVs are zero-emission vehicles and are gaining preference for clean public transport across countries. Several national governments offer financial incentives, such as tax exemptions and rebates, subsidies, reduced parking/toll fees for EVs, and free charging, to encourage the adoption of EVs. Thus, globally the requirement of EV battery is gaining fast pace. Lithium-ion batteries are the most common battery type used in modern electric vehicles. These batteries have higher energy density compared to lead-acid or nickel-metal hydride batteries. Their compact s
Piedmont Lithium increases North Carolina lithium resources by 40% greencarcongress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from greencarcongress.com Daily Mail and Mail on Sunday newspapers.
More Lithium Here In USA
Piedmont Increases Lithium Resources By 40%
Piedmont Lithium Project’s Global Mineral Resources increased to 39.2 Mt @ 1.09% Li
2O
The updated resource base will underpin the Scoping Study update targeted for May 2021
A further resource update will precede the DFS scheduled for September 2021 release
NEW YORK
Piedmont Lithium Limited (“Piedmont” or the “Company”) announced an updated Global Mineral Resource estimate (“MRE”) (Table 1) for the Company’s flagship Piedmont Lithium Project in North Carolina, USA which includes updated Mineral Resource estimates from the Core and Central properties and an initial Mineral Resource estimate from the Huffstetler property (Table 2). The total MRE for the project is 39.2 Mt at 1.09% Li
Piedmont Increases Lithium Resources By 40%
Piedmont Lithium Limited (“Piedmont” or the “Company”) is pleased to announce an updated Global Mineral Resource estimate (“MRE”) (Table 1) for the Company’s flagship Piedmont Lithium Project in North Carolina, USA which includes updated Mineral Resource estimates from the Core and Central properties and an initial Mineral Resource estimate from the Huffstetler property (Table 2).
Figure 1. Piedmont Lithium Project Mineral Resource location map showing updated MRE and resource constraining shells. Image Credit: Piedmont Lithium Limited
The total MRE for the project is 39.2 Mt at 1.09% Li
2O (Figure 1), with 55% of the MRE currently classified in the Indicated category. The Mineral Resource estimate is reported in accordance with JORC Code (2012 Edition).