Live Breaking News & Updates on Jequitinhonha valley
Stay updated with breaking news from Jequitinhonha valley. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Brazil exports first batch of "green lithium" to China venezuelastar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from venezuelastar.com Daily Mail and Mail on Sunday newspapers.
Brazil is set to export 130,000 tons of "green lithium" by year-end. The mineral is extracted in the Jequitinhonha Valley, located in the northeastern region of the state of Minas Gerais, and it has received a green seal due to its exploration plant's absence of a tailings dam. Lithium is a crucial element for various industries, including the production of batteries, metal alloys, medical devices, and pharmaceuticals. The focus on long-lasting batteries for electric vehicles aligns with the global push for energy transition, making this export significant in the context of sustainable energy sources. The initial shipment, comprising 15,000 tons of high-purity lithium and 15,000 tons of ultrafine tailings-produced by the Brazilian company Sigma Lithium-was sent to the Chinese company Yahua from the port of Vitoria in Espirito Santo. Brazil's Vice President and Minister of Development, Industry, Trade, and Services, Geraldo Alckmin, accompanied the dispatch. Notably, the production process of this "green lithium" does not require a tailings dam, and the water used in the purification step is recyclable as it does not involve chemical agents. The tailings are also dry stacked and utilized for the recovery of waste minerals, making it an environmentally friendly operation. The operation is deemed strategically significant for the entire energy transition input chain, emphasizing sustainable sources and enhancing the added value of the product. Lithium Valley In May, the Ministry of Mines and Energy, along with the government of Minas Gerais, announced the launch of the Lithium Valley project in New York, seeking to attract international investment to the region. Apart from Brazil's Sigma Lithium, several other foreign companies have begun establishing operations in northeastern Minas Gerais. This region encompasses ten municipalities that collectively form the Lithium Valley. According to the ministry, these municipalities host Brazil's largest lithium reserve, consisting of approximately 45 deposits, as revealed by studies conducted by the Geological Survey of Brazil. The agency further indicates that each deposit holds a potential 20 times greater than the mineral reserves found in other regions, ensuring a long-term supply of raw material. Brazil, along with Chile, Argentina, the United States, Canada, and Australia, is among the countries with the greatest potential for lithium extraction worldwide. However, Brazil's lithium stands out due to its competitive advantages that optimize investments. Unlike many other countries, the lithium found in Minas Gerais is of high purity, making it ideal for the manufacture of more powerful batteries, as explained by the Ministry of Mines and Energy.
Brazil Exports First Shipment Of Green Lithium menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Si6 expands Brazilian lithium, rare earths portfolio thewest.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewest.com.au Daily Mail and Mail on Sunday newspapers.
Latin Resources Limited (ASX:LRS – Free Report) insider Christopher Gale sold 10,000,000 shares of Latin Resources stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of A$0.33 ($0.22), for a total transaction of A$3,300,000.00 ($2,200,000.00). Latin Resources Price Performance The company has a current ratio of […]
Latin Resources Limited (ASX:LRS – Free Report) insider Brent Jones purchased 3,000,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was acquired at an average cost of A$0.35 ($0.23) per share, with a total value of A$1,035,000.00 ($690,000.00). Latin Resources Stock Performance The company has a debt-to-equity ratio of […]
241 reasons why Latin Resources is on its way to becoming a Tier 1 lithium developer in Brazil stockhead.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stockhead.com.au Daily Mail and Mail on Sunday newspapers.
Long called the '"Valley of Misery", the Jequitinhonha Valley, in the neglected northern part of the state of Minas Gerais (southeast), Brazil, is currently seen as a new El Dorado - the old legend of the city made of gold and lost in South American lands.