Latest news with #LithiumTriangle
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Business Standard
06-07-2025
- Business
- Business Standard
'Argentina's lithium reserves of great interest to India', says MEA
The Ministry of External Affairs on Saturday emphasised India's great interest in Argentina's lithium reserve, noting Indian public sector companies are "working out the implementation of the investments" in the Latin Amercian country to produce, refine, and export minerals. Addressing a press conference, MEA's Secretary (East) P Kumaran noted the efforts of Coal India Limited and Khanij Bidesh India Limited to pick up critical minerals assets in other countries for India. "Argentina is a part of the Lithium Triangle. It is of great interest to us. We had two Indian public sector companies, Coal India Limited and a consortium called KABIL, which is specifically tasked with picking up critical minerals and assets outside India. They have signed five concession agreements and are working on finalizing investments and working out the implementation of the investments in such a way that minerals can be produced here, refined and taken to India for various purposes and are working on finalising investments to implement them in a manner that allows minerals to be produced, refined, and exported," Kumaran said. #WATCH | Buenos Aires, Argentina: On critical minerals, P Kumaran, Secretary (East) says, "... Argentina is a part of the Lithium Triangle. It is of great interest to us. We had two Indian public sector companies, Coal India Limited and a consortium called KABIL, which is… — ANI (@ANI) July 5, 2025 MEA's Secretary East also noted that two private sector companies owned by Indians have also invested in lithium concession in Argentina and hoped for more cooperation between the two nations. "There are two private sector companies: one from India, called Greenco, and another Indian-owned company based in the UAE, World Metal Alloys, which is also invested in lithium concessions in Argentina. Hopefully, we will have more cooperation in the coming years," Kumaran said. During his visit to Argentina, Prime Minister Narendra Modi discussed cooperation in the energy and critical minerals sectors with Argentine President Javier Milei, underlining India's growing energy and industrial needs while emphasising that Buenos Aires can serve as a "reliable partner." MEA's Secretary (East) Kumaran emphasised that Argentina's rich reserves of critical minerals, such as lithium, copper, and rare earth elements, align with India's need for its clean energy transition and industrial growth. "The two leaders also had an opportunity to discuss cooperation in the energy and critical mineral sectors. The Prime Minister underlined India's growing energy and industrial needs and emphasised that Argentina could serve as a reliable partner in supporting India's developmental journey," Kumaran said. "Argentina's rich reserves of critical minerals, including lithium, copper and rare earth elements, align with India's need for secure and sustainable resources to drive its clean energy transition and industrial growth," he added. Argentina is the third leg of PM Modi's five-nation tour after Ghana, and Trinidad and Tobago. It will be followed by visits to Brazil and Namibia.
Yahoo
30-06-2025
- Business
- Yahoo
Argosy secures lithium carbonate sale to Hong Kong company
Australian mining company Argosy Minerals has signed a spot sales contract with Hong Kong CB Supply Chain for the sale of 60 tonnes (t) of battery quality lithium carbonate produced from its Rincon lithium project in Salta Province, Argentina. The contract specifies a fixed price referenced from the Shanghai Metals Market (SMM) battery grade lithium carbonate price, with free on board (FOB) delivery terms at Buenos Aires port. Payment terms require a 30% deposit with the remaining 70%, due prior to ship loading. Argosy will handle the cargo preparation and packaging for delivery. Argosy Minerals stated that there are no material conditions to be satisfied before proceeding with the spot sales contract, indicating a smooth transaction process. Argosy managing director Jerko Zuvela stated: 'We were pleased to receive such strong interest for the sale of our battery quality lithium carbonate product. With our positive project fundamentals, we will be strong beneficiaries of the EV/lithium sector resurgence noting the significant development milestones achieved to date at our Rincon lithium project. 'We are delighted to be part of an exclusive group of battery quality lithium carbonate product exporters, given the challenges encountered by many of our peers attempting to achieve this feat.' Argosy Minerals, with a 77% interest in the Rincon lithium project, is poised to capitalise on its strategic location in the Lithium Triangle, known for the world's largest lithium resources. The company received environmental impact assessment approval for the project in April 2024, allowing it to expand lithium carbonate production to 12,000t per annum. Argosy Minerals also received a $5m investment from lithium-ion battery manufacturer Amperex Technology in May 2024 to fully develop the Rincon lithium project. "Argosy secures lithium carbonate sale to Hong Kong company" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
News.com.au
27-05-2025
- Business
- News.com.au
Bolivian lithium brines emerging from the shadows cast by Chile and Argentina
Bolivia's salars are estimated to host about 22% of the world's known lithium resources Lithium brines in the country saddled with high levels of magnesium that make it expensive to process Cosmos Exploration is counting on A-DLE technology developed by Vulcan Energy to overcome this hurdle The famed Lithium Triangle encompasses parts of Chile, Argentina and Bolivia and supplies the majority of the world's lithium and hosts the lion's share of identified reserves. This lithium is contained within salt lakes (salars) that host mineral-rich brines that have to be pumped up to surface and traditionally left in evaporation ponds to be concentrated with reagents before being processed. These are globally significant due to their exceptional lithium enrichment that is due to a combination of geological, climatic, basin morphology and hydrological factors that create ideal conditions for lithium concentration. However, while Bolivia's salars are estimated by the US Geological Survey to host an estimated 23Mt of contained lithium, about 22% of the world's known lithium resources, most of the attention has been monopolised by Chile and Argentina. Chile is the second largest producer of lithium after Australia, while companies have snapped up, grown and carried out extensive work in Argentina. So why has Bolivia fallen by the wayside? Magnesium malaise For starters, the Bolivian salars are higher in altitude and wetter than those in Chile, meaning that the extraction process takes longer and costs more as the cooler temperatures reduce the evaporation rate and seasonal rainfall exacerbates this. But Cosmos Exploration (ASX:C1X) executive chairman Jeremy Robinson told Stockhead the foremost reason was the relatively high magnesium content of the Bolivian brines. As an example, the giant Salar de Uyuni – the largest lithium-bearing salt lake in the world – has an extremely high magnesium to lithium ratio of 19:1, above the 6:1 found at Chile's Salar de Atacama and 1:1 at Argentina's Hombre Muerto salar. This magnesium has to be removed by adding slaked lime before the concentrated brine can be processed, a requirement that adds further costs to the process. A common industry axiom says that the ratio needs to be below 10:1 to remain economical. 'That's why we need direct lithium extraction technology,' Robinson added. Counting on DLE Adsorption-type Direct Lithium Extraction (A-DLE) uses physical processes, optimised by heat and salinity gradients, to selectively extract lithium from brines while minimising water loss and environmental impact. DLE extraction does require significant upfront investment and energy input but can achieve lithium extraction in just hours or days – rather than weeks or months with higher recoveries. Cosmos itself is counting on A-DLE. In December last year, the company signed an exclusive option agreement to acquire EAU Lithium, a private lithium development company, part owned by Vulcan Energy Resources (ASX:VUL), with a technology-testing agreement with Bolivian state-owned company Yacimientos de Litio Bolivianos (YLB). This agreement, which also leverages EAU's technology partnership with Vulcan, enables EAU to test lithium brines from Salar de Coipasa, Salar de Empexa and Salar de Pastos Grandes salars – some of the largest salars in the country. While recognised for their high lithium, high magnesium brine chemistry, these salars remain largely undeveloped and have seen less work than the more widely studied Salar de Uyuni. Despite this, they offer compelling opportunities for the evaluation of advanced lithium extraction technologies with the region benefitting from existing road infrastructure and access to export routes via nearby Chilean ports. 'We've purchased an option to acquire EAU lithium and EAU Lithium has a test work agreement whereby it has to prove that the Vulcan A-DLE technology can recover the lithium from the lithium brine in Bolivia,' Robinson said. VULSORB is Vulcan's proprietary alumina-based sorbent that has demonstrated higher performance and lower water consumption for lithium extraction compared to commercially available sorbents. Cosmos had previously flagged that the entire process could take six to nine months.
