InsightWoo Battery Materials

💡 When vision becomes reality 🎯 Sharing a behind-the-scenes video of the recent Covalent Lithium Pty Ltd Mt Holland mine and concentrator opening. The Mt Holland project demonstrates how Wesfarmers' chemicals and engineering expertise, combined with the deep technical capabilities of SQM, has delivered a world-class, safe, reliable and high-quality lithium mine and concentrator in Western Australia. Once complete, and integrated with a refinery under construction in Kwinana, Covalent Lithium will be one of Australia’s few fully integrated mine, concentrator and refining lithium operations. Wesfarmers Chemicals, Energy & Fertilisers would like to thank and acknowledge the Marlinyu Ghoorlie people as well as all of the team members, contractors, suppliers, government and industry partners and supporters who helped Covalent Lithium reach this milestone. See the operation and opening in action and hear from Hon Roger Cook MLA Premier of Western Australia in our video.   #Lithium #CriticalMinerals #CleanEnergyTransition #People #Vision #Mining #Refining

Pilbara Minerals Limited's today's auction price is ~US$150 higher than today's SMM's average Australia Li2O 5.5-6% price. This implies a room for a higher lithium price Pilbara today's auction price - US$1,106/dmt on a SC5.5 CIF China. This offer equates to an approximate price of US$1,200/dmt on a SC6.0 CIF China

🐲 In the Year of the Dragon, as the dragon soars a thousand miles, may everyone be blessed with a promising and splendid year.

Pilbara once again extended its offtake agreement with a leading lithium converter Chengxin Lithium. This underscores the market demand for Pilbara's high-quality and low-cost spodumene, and highlights the importance of a robust supply chain partner, particularly in the challenging market conditions. "It's easy to swim when the water is calm, but it's not until the waves come that you see who can really swim." https://lnkd.in/geNFvHHp

BYD is in talks with Sigma Lithium to secure a supply of lithium

Under the agreement, Chengxin Lithium will supply lithium hydroxide to Hyundai Motor from 2024 to 2027, quantity and price will be determined based on a mutually agreed formula https://lnkd.in/gW3UGkFU

Dongfeng Motor ranking as the third-largest among China's "Big Four" state-owned car manufacturers plans to build a 50ktpa LFP CAM production facilities. China's LFP cathode capacity is already extremely over planned. With the declining prices of LFP, many planned capacities have been put on hold due to issues with cash flow and capital raising. Stay tuned, as we will soon come up with an analytical article addressing this situation. #LFP #cathode #china https://lnkd.in/gCYT3uqR