Lithium Carbonate News
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Orocobre Ltd., which plans to begin extracting lithium next year from Argentina brine, said rising demand for battery-powered consumer electronics has cut the company’s dependence on electric vehicle adoption.
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Bolivia plans to start production of lithium carbonate and potassium chloride for export this month at its pilot plant, Mining Minister Jose Pimentel said.
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Investors from JPMorgan Chase & Co. to BlackRock Inc. are trying to make money from the exploding popularity of iPads and increasing sales of hybrid cars by investing in producers of lithium for batteries.
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Galaxy Resources Ltd. , aiming to become the world’s fourth-biggest lithium-carbonate producer, expects to “make money” next year and is seeking new projects in Australia and Canada as demand rebounds.
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Galaxy Resources Ltd. , aiming to become the world’s fourth-biggest producer of lithium-carbonate used in mobile phones, is looking to purchase advanced projects as demand gains for alternate, cleaner energy sources.
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Heavy rain in southwestern Bolivia will delay production of potassium and lithium carbonate in the country’s Uyuni salt flats by as much as four months, said La Paz-based daily La Razon.
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Talison Lithium Ltd., the world’s largest producer of the material used to power iPads and hybrid vehicles, said it’s studying debt funding for a proposed plant in Western Australia that may cost as much $250 million.
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The following are the top stories on metals, agriculture and shipping.
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Lithium demand, seen doubling in the next eight years on sales of batteries used in electric vehicles, is spurring a U.S. company to build a factory to extract the metal from brine in California.
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Rockwood Holdings Inc., the world’s largest producer of lithium products, dropped the most in 10 months in New York trading after Credit Suisse downgraded its rating on the stock because of a competitor’s price cut.
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