Weekly News Roundup

All the latest and greatest news from this past week on Lithium found here!

  • BHP Billiton revealed plans to transform itself into one of the world’s biggest providers of nickel sulphate last week. BHP Nickel West president, Eduard Haegel said “We believe there is going to be a very large increase in nickel sulphate demand over the midterm, in order to support this new energy revolution.”  Read the full article here.
  • Chanje announced plans to start selling or leasing fully electric medium-duty trucks within the coming weeks.  They took a different approach from many other companies by flying under the radar until they were ready to sell their product.  Read more about them here.
  • Pala, an investment company dedicated to value creation in the mining sector announced that they have started a new $150 million fund to buy into metals used in electric cars.  The company previously made winning bets on cobalt.  Read more about them here.
  • AVZ minerals, who owns the Manono Lithium Project in the Democratic Republic of Congo (DRC), has raised (via equity) $13 million from a subsidiary of Huayou Cobalt, the largest cobalt chemicals producer in China.  The company will use the proceeds for the drilling and initial metallurgical testwork programs for the project.  The Manono project is owned 60% by AVZ, 30% by a DRC state owned enterprise, and 10% by Dathomire Mining Resources SARL.  Read more about their announcement here.
  • ICYMI: Check out our Albemarle post-earnings update to see if anything has changed about the company’s long-term outlook.
  • ICYMI: We partnered with Stockspinoffs.com to cover FMC’s plans to spinoff their lithium business in 2018.  The post can be found here.

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