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Lithium-ion battery maker Lohum to invest up to Rs 250 crore in three years on capacity expansion

Lithium-ion battery maker Lohum to invest up to Rs 250 crore in three years on capacity expansion
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Lithium-ion battery maker Lohum to invest up to Rs 250 crore in three years on capacity expansionPTI
Last Updated: Apr 18, 2021, 12:07 PM IST
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Synopsis
The company, which currently has battery manufacturing capacity of 300 megawatt-hours per annum, plans to set up a new unit at Greater Noida to take its total battery manufacturing capacity to a gigawatt-hour scale .
Agencies
The current capacity of the company is approximately 300 megawatt-hours per annum and in terms of units per day it translates into about 200-250 units a day. ....

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Global Li: Tight supply underpins strong Asian seaborne prices | American Metal Market

Buyers in the seaborne Asian lithium carbonate market reported increasing difficulty securing feedstock amid tight supply.
The battery-grade lithium hydroxide price in China jumped by 3.75%, while the equivalent grade lithium carbonate price held despite slower trades.
The Europe, US lithium spot complex continued to post sharp gains on the global bullish trend and tight supply.
Anticipation of lingering spot supply constraints for 2021 continued to lend support to lithium prices in the seaborne Asian market. A few buyers in the region said they had been warned by some producers that they are unlikely to meet buyers demand expectations.
Fastmarkets’ weekly assessment of the lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price cif China, Japan and Korea rose to $11-12 per kg on Thursday, up by 2.22% from $10.50-12.00 per kg previously. ....

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GLOBAL LITHIUM WRAP: Tight supply underpins strong Asian seaborne prices

“The production ramp-up South American producers previously planned has been delayed this year due to Covid-19 pandemic,” a distributor source said.
Some desperate consumers have even gone to their competitors for spare feedstock, consumer sources told Fastmarkets.
“Some buyers are panicking because [certain producers] have nothing to offer,” a trader said. “Therefore, if you have prompt materials, you can get a good premium over the market.”
In addition, logistics bottleneck for lithium from South American countries is expected to persist for a while due to recent tightened restrictions in Chile following a surge in infections in the country.
Lithium hydroxide price in China surges ....

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Savannah moves closer to Portugal lithium mine with preliminary impact study approval

Savannah Resources said a "major milestone" had been passed for what could become western Europe's largest lithium mine, after Portugal's regulator gave its environmental impact study a preliminary stamp of approval. ....

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Nova Minerals Ltd (ASX:NVA) To Participate at the Gold Events Gold Conference

Nova Minerals Ltd (ASX:NVA) To Participate at the Gold Events Gold Conference

To Participate at the Gold Events Gold ConferenceMelbourne, April 15, 2021 AEST (ABN Newswire) - Nova Minerals (
OTCMKTS:NVAAF) today announced it will be featured as a presenting company at the Virtual Gold Conference. The conference is being held on April 29, 2021 virtually.
Executive Director and CEO, Christopher Gerteisen, will provide an overview of the Company s business during the live presentation and will be available to participate in one-on-one interaction with investors who are registered to join the conference in the zoom room at the end of the formal presentations. ....

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