More supply coming online from a cheap cost operator in Africa....

More supply coming online from a cheap cost operator in Africa. Cheaper supply from Africa and Brazil will keep prices lower for longer till high cost producers are forced out .

01:45PM

【Yahua's first batch of African lithium concentrate is shipped back to China】 Yahua Group's own mine, Kamativi, in Zimbabwe, will gradually transport the first batch of 5,000 tons of lithium concentrate to China. The current first-phase project has a production scale of processing 300,000 tons of ore per year. The second-phase project, with a production scale of processing 2 million tons of ore per year, has already started construction simultaneously and is expected to be completed in June of this year. After the first and second phases are put into production, the project's annual production of lithium concentrate is expected to reach 350,000 tons.

Sigma Lithium increases its mineral resources in Brazil by 27%

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10:15PM

On 31 January, Sigma Lithium announced its Grota do Cirilo project in Brazil had increased its mineral resources by 27%, making the project “the world’s 4th largest operating industrial pre-chemical lithium beneficiation complex” with 100% wholly-owned, fully integrated spodumene mining operations.

The project now has 109 million tonnes of measured, indicated and inferred mineral lithium resource, which is expected to add tangible value for existing and future shareholders. Considering the company is evaluating acquisition offers and has seen interest from companies including CATL, BYD and Volkswagen, this resource update can be reflected in the newest valuation and potentially change the acquisition landscape.

12:37PM

Sigma Lithium Corp. Announces Increase in Estimated Size of Brazilian EV Battery Metal Deposits On January 31st, Sigma Lithium Corp., a Canadian lithium mining company, announced the expansion of its estimated size of electric vehicle (EV) battery metal deposits in Brazil, stating that this will further expand its production levels in the future. Sigma stated that the estimated mineral resource of the Grota do Cirilo project in Minas Gerais state, Brazil, has been increased by 27%. The Vancouver-based company stated that the project will now become the world's fourth largest operating industrial-grade lithium complex, with a resource of 1.09 billion tons.