The big lithium short gets ‘dangerous’ on lower supply outlook

Wolfsberg is kicking off a two year construction phase, and has an agreement to supply BMW by 2027. 

US Treasury Secretary will see government officials including Finance Minister Mario Marcel and central bank President Rosanna Costa.

SQM, which is closely watched because it’s more exposed to spot prices than peers, sees stable prices in the short term and as is more positive after that.

Test results indicate that it may be economic to extract lithium from brines alongside natural gas development in the province, Geoscience BC said.

The company said it expected lithium sales volumes to increase 5%-10% this year.

Chile’s government expects to lay out by March the broad terms of lithium contracts to be offered under a new public-private partnership model.

The Manitoba government earlier provided a grant of C$300,000 to the company.

The government is considering a 10% production tax credit that would apply to companies developing processing facilities for critical minerals.

The inbound flow is raising hopes among some junior miners that it will be easier to find Chinese funding.