Articles for tag: JordProxa, lithium, plant, process, project, Rincon, Rio, selects, Tinto

March 14, 2025

Ron Finklestien

mining

Rio Tinto Chooses JordProxa for Lithium Processing Plant at Rincon Project

Rio Tinto Partners with JordProxa for Rincon Lithium Project Rio Tinto (ASX, LON: RIO) has secured a contract with JordProxa to supply an integrated process plant for its Rincon lithium project in Salta province, Argentina. JordProxa, based in Australia, is recognized globally for its expertise in designing custom-engineered solutions and modular processing plants aimed at producing battery chemicals. Contract Details and Technology Integration This contract includes the modular design for key processing technologies. These entail lithium chloride (LiCl) evaporation, lithium carbonate crystallization, and various refining processes like impurity removal, sodium carbonate dissolution, bi-carbonation, de-carbonation, effluent neutralization, and CO₂ recovery. According

February 27, 2025

Ron Finklestien

mining

Visual Guide: Exploring Lithium Resources in Canada

Canadian Lithium Exploration Continues Amid Price Declines Patriot Battery Metals’ flagship Corvette lithium project in Quebec. Credit: Patriot Battery Metals Exploration firms across Canada are actively searching for lithium found in both hard rock formations and brines extracted from old oil wells. Despite a significant drop in lithium prices—from a peak of approximately $70,000 per tonne in late 2022 to the current level of around $10,600 per tonne—exploration activities are underway at an accelerated pace in Canada. The Northern Miner examines the differences in market capitalizations among the key players engaged in lithium exploration in Canada, contrasting the peak price

January 28, 2025

Ron Finklestien

mining

Stardust Power Begins Construction on $1.2 Billion Lithium Refinery in Oklahoma

Stardust Power Takes Major Step in Lithium Refinery Development Acquisition of Prime Location Near Port of Muskogee Stardust Power acquired a 66-acre site (approximately 267,000 square metres) close to the Port of Muskogee in December 2024. This purchase follows an environmental evaluation in 2023, which confirmed the property is ideal for building a lithium refinery. The shovel-ready site is near the country’s largest inland waterway system and extensive road and rail networks. Strategic Benefits for Construction and Operations The company notes that the site presents numerous advantages for both construction and operations. Its location provides access to major logistical networks

January 13, 2025

Ron Finklestien

mining

“Forecast for Lithium Market: Gradual Recovery Expected by 2025”

Growth and Challenges in the Lithium Market: What’s Ahead for 2025 In recent years, lithium prices have dropped approximately 80% from their peak levels due to an influx of new supply. Producers in Australia and other regions are still adjusting to these changes and their impacts on the market. According to Adamas Intelligence, a battery metal and EV consultancy based in Toronto, the Asia Pacific region, especially China, is projected to continue leading the global EV market. Currently, electric vehicles (EVs) make up more than 50% of all vehicle sales in China. While there is optimism for a rebound in

January 10, 2025

Ron Finklestien

mining

“Analysis: Declining Prices of Lithium, Nickel, and Cobalt Signifies Challenges for EV Battery Metals Market”

Global Electric Vehicle Battery Capacity Reaches New Heights Amid Market Shifts From January to October, the world saw a total of 674.6 GWh of new battery power, according to Toronto’s Adamas Intelligence, a firm specializing in EV supply chain research. Increasing Popularity of Hybrid Vehicles The surge in electric vehicle (EV) adoption coincides with a growing preference for hybrid vehicles, which typically contain smaller batteries. This trend reflects a noticeable shift in consumer choice. This year, plug-in hybrid vehicles (PHEVs) have seen a staggering 71% increase in battery capacity compared to a modest 17% growth for fully electric cars. The

October 10, 2024

Ron Finklestien

mining

Rio Tinto’s Strategic Move to Acquire Arcadium Elevates its Lithium Standing

A Game-Changing Acquisition Rio Tinto, the second-largest miner globally, has announced its acquisition of United States-based lithium company Arcadium for $5.85 per share—a substantial 90% premium over Arcadium’s recent stock closing price of $3.08 on October 4. Rio Tinto’s New Lithium Frontier By purchasing Arcadium, Rio Tinto sets its sights on becoming one of the top lithium producers worldwide, trailing only behind Albemarle and SQM. The deal will grant Rio Tinto access to lithium mines in Argentina and Australia, coupled with processing facilities spanning the US, China, Japan, and the UK. Notably, its client roster includes industry heavyweights like Tesla,

May 30, 2024

Ron Finklestien

mining

Arizona Lithium starts production drilling at Prairie project in Saskatchewan

The drilling program, covering a total of three pads, will extend over the next few months. Production and disposal testing of the wells on the first pad is scheduled to start in June, the Australia-based lithium developer said. According to the company, the start of drilling operations would mark the launch of Canada’s first commercial lithium production plant. The initial phase will involve drilling vertical wells to explore the Souris River and Duperow formations for commercial viability. It will then move onto the Dawson Bay formation and specific disposal targets. “These are very deep holes being drilled by a heavy duty oil

April 24, 2024

Ron Finklestien

mining

American Battery updates assessment of Tonopah Flats lithium project, Nevada

Rather the figures comply with the U.S. S-K 1300, which the company says is “similar to a preliminary economic assessment”. The Tonopah Flats claystone is one of the largest lithium resources in the United States. The measured and indicated resource is 3.16 million tonnes averaging 596 ppm lithium and containing 11.4 million tonnes of lithium hydroxide monohydrate (LHM). The inferred resource is 2.93 billion tonnes averaging 550 ppm lithium, containing 21.2 million tonnes LHM. American Battery believes that over the 50-year mining period, about 540,000 tonnes of claystone will be treated annually. The company plans to use its own dilute

April 24, 2024

Ron Finklestien

mining

Atlantic Lithium touts progress at Ghana’s project

“Key to achieving this milestone is the success of the ongoing permitting process, which is advancing as anticipated,” said executive chairman Neil Herbert in the quarterly update. He noted the current license has yet to be approved by Ghana’s parliament. The company also needs to obtain final permits. Atlantic Lithium highlighted its achievements in the past three months, including receiving strong local community support, completing crucial studies, and engaging with engineering firms for a construction and engineering contract.  One of the most important in the period was securing a $5 million investment from Ghana’s state-owned investment fund, the Australian miner

April 23, 2024

Ron Finklestien

mining

Rio, Eramet seek winning Chile’s lithium mining tech deals

“It is crucial for Enami to learn about processes that contribute to the creation of projects with the lowest possible environmental impact,” the ore-processing company said in a statement. “We seek to collaborate in the construction of a sustainable future, where the production of critical minerals plays a key role in the energy transition and development,” it added. Enami will now consider carrying out tests with one or more of the bidding companies, it said.  The Chilean miner is one of two entities assigned to represent the state under President Gabriel Boric’s new public-private model for tapping the country’s lithium reserves,