• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    lithium investing

    VIDEO ― Battery Metals Update May 2019

    Priscila Barrera
    May. 28, 2019 04:45PM PST
    Battery Metals
    ASX:KDRplay icon

    The Investing News Network looks at major events, announcements and developments in the battery metals space in May.

    Since the beginning of the year, the US and its control over the supply chain for cobalt and other battery metals has been under the spotlight.

    Back in February, Benchmark Mineral Intelligence Managing Director Simon Moores testified to the US Senate about critical minerals security, pointing to how far China has been racing ahead while the US has been a bystander in building domestic supply chain capacity.

    In May, US Senator Lisa Murkowski announced new legislation that is designed to reduce the country’s reliance on foreign sources of battery metals. It will also streamline regulations and permitting requirements for the development of mines.

    In other cobalt news, Glencore (LSE:GLEN,OTC Pink:GLCNF) has agreed to back First Cobalt’s (TSXV:FCC,OTCQX:FTSSF) Ontario refinery restart. Glencore will provide feedstock for the refinery, which is set to produce 2,000 to 2,500 tonnes per year of cobalt sulfate.

    Looking over to lithium, at the start of the month, Kidman Resources (ASX:KDR,OTC Pink:KDDRF) rose over 45 percent after diversified company Wesfarmers (ASX:WES,OTC Pink:WFAFF) made a AU$776 million takeover offer for the company. Kidman is developing the Mount Holland project in Western Australia. The deal is backed by its joint venture partner SQM (NYSE:SQM) and by Kidman’s board.

    In May, top lithium producers also made news headlines, with Livent (NYSE:LTHM) falling after cutting its revenue and earnings guidance for the year. Livent also reported weaker demand for its lithium hydroxide in Q1 due to a slower shift to higher nickel cathode batteries.

    Meanwhile, Albemarle’s (NYSE:ALB) lithium sales dropped in Q1 due to heavy rains. That said, the company plans to produce 40,000 tonnes of lithium this year, which is roughly the same output as 2018.

    One of the biggest pieces of news in the space came when top Chinese lithium producer Ganfeng (OTC Pink:GNENF,SZSE:002460) said it is looking to invest in a 30 percent stake in Bacanora Lithium (LSE:BCN). Bacanora is developing the Sonora lithium clay project in Mexico, which is forecast to produce 17,500 tonnes per year of lithium carbonate.

    In June, the Investing News Network will be at the Lithium Supply and Markets event in Chile where the team will speak to experts and CEOs. Stay tuned for our interviews and coverage.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

    Editorial Disclosure: First Cobalt is a client of the Investing News Network. This article is not paid-for content.

    first cobaltasx:kdrnyse:alblse:glenlse:bcnnyse:lthmlithium investing
    The Conversation (0)

    Latest News

    E-Power Resources Inc. Announces Board Changes and Additional Staking

    Drilling Commences - Webbs Silver Project

    Hemi-style Intrusives Confirmed at Wagyu Project

    Electric Metals Announces Positive PEA for the 100% US Domestic North Star Manganese Project Providing 100% U.S. Domestic Supply of HPMSM, Post-Tax NPV10% of US$1.39 Billion, IRR of 43.5%, and 23-Month Payback

    FPX Nickel Completes Successful Drilling Programs at Baptiste Nickel Project in Central British Columbia

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    International Lithium Corp.

    ILC:CA

    Lithium Africa

    Atlantic Lithium

    A11:AU

    Galan Lithium

    GLN:AU

    Jindalee Lithium

    JLL:AU

    CleanTech Lithium

    CTLHF
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×