• 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

    World’s Largest Lithium Producer Looking to Expand

    Investing News Network
    Jun. 02, 2010 05:51PM PST
    Battery Metals

    The world’s largest lithium producer has indicated interest in the salar concessions for Salares Lithium, resulting in the conversion of over 39,000 Ha of concessions that cover the aerial extent of the brine lake from the current ‘exploration’ concessions to ‘exploitation’ concessions.

    Sociedad Quimica y Minera de Chile SA (NYSE: SQM), the world’s largest lithium producer, has indicated interest in the salar concessions for Salares Lithium (TSX-V: SAL).  This interest has prompted Salares Lithium to initiate the process to transform over 39,000 Ha of concessions that cover the aerial extent of the brine lake from the current ‘exploration’ concessions to ‘exploitation’ concessions.  This response to convert the exploration concessions to the more advanced exploitation concessions was required in order to maintain the legal exclusivity and preference on these concessions. It is also important to note that this upgrading step would eventually become necessary in the production and mining operation development of one or more of the salars.

    Salares’ Chief Executive Officer Todd Hilditch demonstrated optimism on the news release, “”Any additional prepatory work we can do now to expedite future possible development is being done. The historic sampling (non NI43-101) completed at our Project and more particularly on the largest brine lake, Salar de La Isla, provided samples that are comparable in grade to current producers. This information, coupled with our geophysics results identifying the presence of sizeable reservoir rock, gives management comfort that advancing to exploitation concessions will save us time in the future”.

    Rodinia Minerals Experiencing Organizational Change

    Lithium mineral exploration company Rodinia Minerals (TSX-V: RM) announced on Monday that Mr. David Stein has resigned as the Company’s President and Chief Executive Officer. Rodinia’s Board of Directors has appointed William Randall, Rodinia’s Vice President, Exploration as President and Chief Executive Officer.

    In the company’s press release, Mr. Stein resigned his post to focus on other business endeavors, including his role as President and Chief Operating Officer of Aberdeen International (TSX: AAB). Mr. Stein will continue to serve as an advisor to Rodinia’s executive and as a director on the board.

    Asia to lead $8 Billion Market for Lithium Batteries

    On June 1, Pike Research released a report to indicate that Asian manufacturers, which have traditionally dominated the global market for lithium ion batteries in various electronics categories, will continue to lead in both production and consumption as the global market for electrified vehicles grows rapidly over the next several years.

    Pike Research anticipates that improved manufacturing efficiencies and expanded access to lithium will halve the installed cost of lithium ion vehicle batteries between 2010 and 2015, to $470 per kWh. The report forecasts that the lithium ion transportation battery industry will grow more than eight-fold in the next five years, with nearly $8 billion in sales worldwide by 2015, up from $878 million in 2010. Total electrified vehicle sales in the Asia Pacific region will reach almost 1.1 million in 2015, more than the U.S. and Western Europe combined.  The Asian lithium ion battery market will surpass $4 billion, representing 53 percent of total global sales.

    The Chinese Ministry of Finance also released details of its green-car subsidy program designed to boost the nation’s auto industry and cut vehicle emissions.  Through the program, subsidies of up to $8,784 will be given to buyers of pure electric vehicles in a pilot program focused on the cities of Shanghai, Changchun, Shenzhen, Hangzhou and Hefei.  China has until now mostly supported electric cars with rhetoric although this development could represent an important focal point for lithium investors.

    China is already the world leader in lithium ion battery manufacturing, which means it has a head start in putting affordable cells into cars.  The Chinese automotive market benefits from low-cost manufacturing generally and vehicles are much cheaper than most models sold in the west. Adding subsidies and paying as much as half the cost of the car, will leverage China’s natural business advantage resulting in a huge jumpstart to the market.  The program will be terminated after 50,000 cars are sold; however, it could also be made into national policy simply with a few central committee meetings, compared with the contiguous unresolved partisan issues that impede process in many democratic countries.

    With help from Assistant Editor Vivien Diniz

    largest lithium producereuropecost of lithiumchinalithium investinglithium producer
    The Conversation (2)
    dolf dieudonna
    dolf dieudonna
    03 Jun, 2010
    1)GM has been started to develop small electrical cars (2 wheel cars)The partner company of GM is the Chinese partner company SAIC(Shanghai Automotive Industry Corporation) I have read this article in a Dutch magazine "De Ingenieur" 21 may 2010 on which I am subscribed.(I am a retired chem.Eng) 2)To produce H2 a clean method is the electrolyses of water using electricity from wind or solar. The catalyst needed is platina but is very expensive. A much cheaper catalyst is a molybdenium based material.
    0 Replies Hide replies
    Show More Replies
    dolf dieudonna
    dolf dieudonna
    03 Jun, 2010
    1)GM has been started to develop small electrical cars (2 wheel cars)The partner company of GM is the Chinese partner company SAIC(Shanghai Automotive Industry Corporation) I have read this article in a Dutch magazine "De Ingenieur" 21 may 2010 on which I am subscribed.(I am a retired chem.Eng) 2)To produce H2 a clean method is the electrolyses of water using electricity from wind or solar. The catalyst needed is platina but is very expensive. A much cheaper catalyst is a molybdenium based material.
    0 Replies Hide replies
    Show More Replies
    Go Deeper
    AI Powered
    Lithium periodic symbol and electric vehicle.

    7 Biggest Lithium-mining Companies in 2025

    Digital globe and battery with lightning icon on dark background.

    Lithium Market Update: Q2 2025 in Review

    Latest News

    Incentive Regime for HMW Project in Argentina

    FPX Nickel Provides Update on Normal Course Issuer Bid

    EUR Sells 0.5m CRML Shares for U$1.8m (A$2.7m)

    Trading Halt

    Large High Grade Rubidium Resource Identified at Seymour

    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

    Metals Australia

     
    MLS:AU

    Lithium Africa

    Atlantic Lithium

     
    A11:AU

    Galan Lithium

     
    GLN:AU

    Jindalee Lithium

     
    JLL:AU
    More featured stocks

    Browse Companies

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