JOHANNESBURG (miningweekly.com) – Perth-based Platypus Minerals has entered into a binding memorandum of understanding (MoU) to acquire the Royal lithium prospect, located 30 km north of Val d’Or, in Quebec.Platypus is acquiring Royal in conjunction with Canada-listed St Georges Platinum and Base Metals on a 70:30 relative basis Source: Platypus Minerals to further explore Canada for lithium

Canada-based Nevada Sunrise Gold has received drilling permits to explore lithium brines on the Clayton Northeast Project (Clayton NE) and the Gemini Project in the Esmeralda county, Nevada, US.Up to six exploration drill hole locations have been approved at Clayton NE, with a further ten at Gemini by the US Bureau of Land Management (BLM).At each project, the company plans to drill up to three to four vertical holes later this year as an initial test to depths ranging from 300m to 600m.Clayton NE is located in the Clayton Valley adjacent to the eastern boundary of the Albemarle-operated Silver Peak lithium mine, comprising 50 unpatented placer claims totaling 405ha. Source: Nevada Sunrise gains drilling permits to explore lithium brines – Mining Technology

Lithium Australia (ASX:LIT) has continued its land rush, adding lithium ground in Queensland to its palate.It told its investors this morning that it had picked up a series of permits in Far North Queensland covering a total are of 1380 sq.km – an area which LIT says displays all the hallmarks of a potential lithium development but has never been treated as such.The area in question is about 350km northwest of Cairns, and mica mining has taken place in the area previously, while pegmatites are known to be in the area.In addition to the lithium potential of the play, graphite has been identified in quartzite in the region. Source: LIT goes tropical in search of lithium hit – Finfeed.com

Shares in former gold-focused explorer Kidman Resources have rocketed this morning after it confirmed a “significant discovery” of lithium at its Mt Holland project. Shares in the Southern Cross-focused miner jumped 10¢, or 62 per cent, to 25¢ at 1.30pm after the announcement, which highlighted “spectacular” grades of Earl Grey pegmatite. It is its second high-grade lithium-bearing find at Mt Holland. Kidman only bought the project last month paying $2 million cash upfront and an additional $1.5 million… Source: Kidman shares soar on lithium find – The West Australian

As the popularity of lithium increases on the back of electric car batteries and smart phones, the so-called “white petroleum” and “white gold” continues to attract investors, and a couple of small Canadian companies are already reaping the benefit of this trend.Only a month after selling part of its lithium project in Nova Scotia to a fellow Canadian junior, Champlain Mineral Ventures received a huge bulk sample order from an unidentified Chinese mining company. Source: Chinese eye Atlantic Canada’s lithium project | MINING.com

Monax Mining Limited (Monax or the Company) is pleased to announce that it has signed a binding term- sheet with the owner of three Exploration Licences in the Litchfield area, Northern Territory. Laboratory assay results for samples collected within the project area report high-grade lithium up to 7.55% Li2O and lepidolite-rich rocks up to 2.39 % Li2O (see Table 1 and Plates 1 and 2).The Litchfield area is located approximately 110 kilometres south of Darwin and is characterised by moderately abundant occurrence of pegmatites. Source: Monax Mining : New High Grade Lithium Project | 4-Traders

European Metals Holdings Ltd (ASX:EMH, LON:EMH) is making good progress on a pre-feasibility study (PFS) on the Cinovec Lithium-Tin Project in the Czech Republic.A earlier scoping study found the Cinovec deposit could be amenable to bulk underground mining. It also revealed a potential production cost of about $1,500 per tonne of lithium carbonate excluding tin and tungsten credits.The major focus of the PFS has been on decreasing required capital and maximising cashflow in the first 5 years of the mine life. A re-design of the mining process looks to be paying dividends and likely show a positive impact on the financial model of the project. Source: European Metals Holdings Ltd reveals feasibility study details for Cinovec Lithium project – Proactiveinvestors (AU)

The purge has arrived. Well perhaps not quite a purge, but it’s coming. It will be rejuvenating for the Lithium, (“Li”) sector. From 2016 highs, the shares of dozens of globally-listed Li juniors are down by 40% or more. Reminiscent of the cannabis craze 18 months ago, the Li sector is witness to a lot of shenanigans. Like cannabis, if ingested Li can make one feel better, but investing in newly minted Nevada (“NV”) Li juniors can cause confusion and anxiety. Source: Can Nevada #lithium juniors obtain water rights?-TSLA-V.DJI-T.LAC-ALB-Stockhouse news

Alix Resources announces the Ontario Ministry of Northern Development anud Mines (MNDM) has granted drill permits to allow drilling at Alix’s 100% owned Jackpot Lithium property located in the Georgia Lake area within the Thunder Bay Mining Division, Ontario.It is anticipated that drilling will commence in the near future to confirm the historic drilling and the continuity and extent of the near surface No. 1 zone, with the ultimate goal directed towards defining a NI43-101-compliant resource estimate. Source: Alix receives drill permits for Jackpot lithium property, Ontario – Energy Business Review

Mining is back and the investment community is once again throwing its financial support behind top projects they believe with their hearts will be the next big one.  This time out, however, after the last commodity downturn, investors are more informed and less inclined to jump on board with the first person to shout they made a discovery. They want hard facts from the people who made their lives studying the hidden life of our planet’s crust. Mr. Randy Henkle is a professional Geologist and QP for Voyageur Industrial Minerals Ltd. He carved his successful career over 20 years evaluating key projects, identifying drill targets and consulting junior explorers. Stockhouse writers sat down with Randy to discuss Voyageur’s exciting new Li project in Utah, USA. Source: Voyageur Industrial Minerals QP explains Li’s lithium blue sky potential-V.GST-Stockhouse news

Ever since electric carmaker Tesla announced plans to build a battery plant outside Reno, Nevada, investors, fans of Elon Musk’s company and others around the world have started paying attention to the silver state’s large lithium deposits.Lithium is a key component in the production of batteries used in cell phones and electric vehicles. As sales of electric vehicles, which topped 500,000 worldwide last year, increase, so is demand for lithium. Source: There is a race for lithium going on in Nevada

Source: Lithium Australia : in Maiden Move Into Queensland as Part of Enlarged Australia-wide Lithium Search | 4-Traders

Eureka Resources (TSXV:EUK) is a mineral exploration company founded in 1981 and focused on advancing its gold and lithium projects. Originally focused on the Frasergold (FG) Project Project in British Columbia, the company has moved to diversify its resource holdings by signing an interim agreement with Nevada Sunrise Gold Corporation for the right to earn a 50 percent interest in the Gemini Lithium Project located in Lida Valley, Nevada. Recent results from gravity and time-domain electromagnetic surveys performed on the property identified conductive zones across two sub-basins. Source: Eureka Resources — Diverse Portfolio: Lithium and Gold

stock of Orocobre Ltd (TSE:ORL) is a huge mover today! About 22,345 shares traded hands. Orocobre Ltd (TSE:ORL) has risen 148.59% since December 16, 2015 and is uptrending. It has outperformed by 143.67% the S&P500. The move comes after 9 months positive chart setup for the $921.71M company. It was reported on Jul, 25 by Barchart.com. We have $6.47 PT which if reached, will make TSE:ORL worth $423.99M more. Source: What’s Next for Orocobre Ltd After Today’s Huge Increase? – Consumer Eagle

Vancouver, BC (FSCwire) – 92 Resources Corp. (the “Company”) (TSXV: NTY) (FSE: R9G2) is pleased to announce that it has entered into a Purchase Agreement (the “Agreement”) to acquire a 100% interest in the Pontax Lithium Property (the “Property”) near Eastmain, Quebec. The Property consists of 104 mineral claims covering four blocks, totalling approximately 5,536 hectares (13,681 acres). Source: 92 Resources Corp. Acquires Pontax Property, Quebec

The reason Tesla Motors (NYSE:TSLA) is building a giga factory is to bring down the cost of batteries used in its cars. Currently, Tesla says that its battery costs are around $200-$300 per kilowatt hour. The Silicon Valley based auto maker says that it can bring down the costs by 30% through scale alone. However, the entire process of bringing down battery costs presupposes the availability of the grade of lithium required for the making of those batteries. Tesla might run into snags on that front in two possible ways: 1) There might not be enough lithium to support the volume of its giga factory and 2) there might not be enough supply of lithium hydroxide at a cost low enough to support the economics of the giga factory. Source: Tesla’s Lithium Supply Constraints Might Hamper Its Growth — Trefis

Lithium is having a moment.Right now, there is a lot of excitement over the silvery-white metal. Wall Street analysts have even dubbed it, “white petroleum,” or “the next gasoline”.Yet, the lithium market is still quite small, worth only about $1 billion, annually.It is only a matter of time, however, before the market begins to grow exponentially in the years ahead – largely thanks to growth in electric vehicles, and the lithium-ion batteries that power them. The Goldman Sachs Group Inc. (GS) estimates every battery in the Model S from Tesla Motors (TSLA) will use 63 kilograms of lithium carbonate.Don’t overlook the fact that lithium is a crucial component in our smartphones and other electronic devices as well. While lithium is used in these in much smaller increments, this just goes to show how integral the metal is, to our daily lives. Source: How to Play Small Caps and the Lithium Boom — Trefis

FMC Corporation Accelerates Battery Grade Lithium Hydroxide Expansion Following Execution of Multi-Year Supply Agreement with Major Manufacturer of Electric Vehicles.The company is so far trading up by 0.29 percent from yesterday’s close.The company recently declared a dividend for shareholders that was paid on Thu Jul 21, 2016. The dividend payment was $0.165 per share for the quarter or $0.66 on an annualized basis. This dividend amount was represent a yeild of $1.37. The ex-dividend date was Tuesday the 28th of June 2016. Source: Stock is up at $48.13 (FMC) FMC Corporation Accelerates Battery…

FMC Corp. (NYSE:FMC) traded 652802 shares on last trading day with closing price of $48.13. Company gross margin stands at 32.40% whereas its return on investment (ROI) is -2.30%. Stock value has moved between $32.09 – 50.14 in last one year. Analyst’s mean target price for FMC Corp. (NYSE:FMC) is $46.93 while analysts mean recommendation is 2.70. FMC EPS growth this year and EPS growth next year is -164.40%, 14.55% respectively.FMC Corp. (NYSE:FMC) declared a quarterly dividend of $0.165 per share, or $0.66 annualized. The dividend will be payable on October 20, 2016, to stockholders of record on September 30, 2016, with an ex-dividend date of September 28, 2016.  The annual yield on the dividend is 1.4 percent. Source: 5 Stocks Under Wall Street’s Radar: FMC Corp. (NYSE:FMC), CoBiz Financial Inc. (NASDAQ:COBZ), Olin Corp. (NYSE:OLN), Summit Midstream Partners, LP (NYSE:SMLP) | Benchmark Monitor

CALGARY, ALBERTA–(Marketwired – July 25, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN) (AIM:BCN) the AIM and TSX Venture Exchange listed lithium and borates company focussed on Mexico, announces that Colin Orr-Ewing is stepping down as Non-Executive Chairman of the Company due to personal reasons. Mr. Orr-Ewing will remain on the Board as a Non-Executive Director.James Leahy, an existing Non-Executive Director of the Company, will be appointed as the Non-Executive Chairman of the Company on an interim basis until further notice, effective as of 25 July 2016. Source: Junior Mining Network – Bacanora Minerals Announces Board Change

Pioneer Resources Ltd (ASX:PIO) and partner International Lithium Corp (TSX.V:ILC) continue to rapidly advance exploration at the Mavis Lake and Raleigh Lithium Projects located near Dryden, in northwest Ontario, Canada.A C$1 million (A$1 million) budget has been allocated, with 1500 metres of diamond drilling to be undertaken at each project.Drilling will further test known spodumene-bearing pegmatites at Mavis Lake and Raleigh.Drilling is on-track for September.Pioneer recently completed a $4.8 million raising, adding to the $2 million it had at the end of March 2016. Source: Pioneer Resources Ltd allocates C$1M to drill high-grade lithium in Canada – Proactiveinvestors (AU)

As electric cars become increasingly popular, the race to produce lithium is heating up.CNBC’s Phil LeBeau reported there is a 15% annual growth in lithium worldwide.”One of the key drivers is the fact that lithium is essential to the batteries in electric vehicles,” LeBeau said. A battery with lithium-ion is rechargeable.Goldman Sachs analysts said they see lithium-ion batteries as the mainstream technology over the next five years — and China is one market that is “charged up and ready to grow.”The analyst team with GS said in a June 8 research note that energy storage demand is surging in China as renewable use grows, energy efficiency requirements evolve and electric vehicles sales ramp up. Source: As Lithium Demand Grows, China ‘Charged Up and Ready to Grow’

Lithium Australia NL (ASX:LIT) has made its maiden move into Queensland with the lodgement of an application for ground prospective for lithium in the Cape York region.The applications are part of Lithium Australia’s expanded strategy to look Australia-wide for lithium, expanding on its current Western Australia and Northern Territory holdings.The applications cover an area of 1,380 square kilometres.Pegmatites are known in the area and graphite has been identified in the geological setting.Adrian Griffin, managing director, commented: “The area we have identified in Far North Queensland shows the hallmarks we are looking for. Source: Lithium Australia NL expands lithium strategy into Queensland – Proactiveinvestors (AU)

Nevada Sunrise Gold Corporation (“Nevada Sunrise” or the “Company”) (TSXV: NEV) is pleased to announce it has received drilling permits from the U.S. Bureau of Land Management (the “BLM”) to explore for lithium brines on the Clayton Northeast Project (“Clayton NE”)” and the Gemini Project (“Gemini”), both located in the Esmeralda County, Nevada, USA.The BLM has approved up to 6 exploration drill hole locations at Clayton NE, and 10 drill hole locations at Gemini. Nevada Sunrise plans to drill up to 3 to 4 vertical holes at each project as an initial test to depths ranging from 300 to 600 metres, with follow-up drilling if warranted. The drill programs are proposed to begin later in 2016, following the closing of the announced property option transaction with Advantage Lithium Corp. (TSXV: AAL.H, formerly North South Petroleum Corp. – see Nevada Sunrise news release dated June 20, 2016 for further details). Source: Nevada Sunrise Receives Drill Permits for Clayton NE and Gemini Lithium Projects in Nevada

Lithium may be “the new gasoline” and the key to the electric car revolution. CNBC’s Phil LeBeau reports details on the great lithium race. Source: Is lithium the new gas?

JOHANNESBURG (miningweekly.com) – ASX-listed Lithium Australia has expanded its lithium holdings throughout Western Australia with the acquisition of additional acreage in the prospective Gascoyne region.The company reported on Monday that it had acquired three new prospects by taking over of private company, Lithophile… Source: Lithium Australia expands in WA with acquisition

Shandong Jiangquan Industry Co Ltd* Says it plans to buy Shandong Ruifu Lithium for 2.2 billion yuan ($329.44 million) via asset swap, cash and share issue* Says it aims to raise up to 821.6 million yuan in private placement of shares to fund acquisition, project* Says H1 returns to net profit of 40.7 million yuan vs net loss of 230.5 million yuan year ago Source: BRIEF-Shandong Jiangquan buys lithium producer via asset swap, cash and share issue | Reuters

Lithium Power announces a more cost-effective, space-saving solution for emergency back-up power installations, based on lithium-ion batteries fully integrated into a Battery Management System (BMS). The BMS monitors battery health and status, communicating with technicians and engineers over the internet. This internet-of-things approach significantly upgrades the ability of utilities, hospitals, production facilities, server farms and other operations to obtain a cost-effective but highly reliable back-up power source, ready to go when their main electricity source fails. Source: Lithium-Ion Battery System Beats TCO of Lead-Acid Back-Up Power Units by 40% | Benzinga

TORONTO, July 25, 2016 (GLOBE NEWSWIRE) — Avalon Advanced Materials Inc. (TSX:AVL) (OTCQX:AVLNF) (“Avalon” or the “Company”) is pleased to provide a progress report on the Separation Rapids Lithium Project (“Separation Rapids”) 2016 work program, last updated in the Company’s news release dated May 25, 2016. Avalon remains focused on the lithium chemicals process development work, along with environmental studies, a mineral resource update and the engineering work needed to complete a Preliminary Economic Assessment (“PEA”). The PEA, which will be focused on the lithium ion battery materials market opportunity, is expected to be completed before the end of August, 2016. Expenditures on Separation Rapids for the nine month period ended May 31, 2016, totaled $1.4 million out of a budget of $2.0 million to August 31, 2016. Source: Avalon Provides Progress Report on the Separation Rapids Lithium Project, Kenora, Ontario

VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 25, 2016) – Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSX VENTURE:AAL), is pleased to announce that drill permits have been received by Nevada Sunrise Gold Corp. (“Nevada Sunrise”) for three lithium brine projects in Nevada, USA. The Jackson Wash, Clayton NE and Gemini Lithium projects are three of five included in the LOI earn-in agreement the company recently signed with Nevada Sunrise. The Company has commissioned, and received, for regulatory review, a NI 43-101 report on Jackson Wash, where a first phase program of US $560,000 is recommended. With preparations underway for active exploration, the Company has appointed Ross McElroy to the Board. Mr. McElroy, who has received multiple industry awards for exploration success, will oversee the Company’s work programs and assist in the assessment and acquisition of other top tier lithium projects in the US and South America. Source: Advantage Lithium Announces Project Advancements; Award-Winning Geologist Joins Board of Directors

PHILADELPHIA, July 25, 2016 /PRNewswire/ — FMC Corporation (NYSE: FMC) will accelerate the expansion of its global lithium hydroxide production capacity as a result of a new multi-year supply agreement with a major manufacturer of electric vehicles. Source: FMC Corporation Accelerates Battery Grade Lithium Hydroxide Expansion Following Execution of

Lithium-air batteries are considered highly promising technologies for electric cars and portable electronic devices because of their potential for delivering a high energy output in proportion to their weight. But such batteries have some pretty serious drawbacks: They waste much of the injected energy as heat and degrade relatively quickly. They also require expensive extra components to pump oxygen gas in and out, in an open-cell configuration that is very different from conventional sealed batteries. But a new variation of the battery chemistry, which could be used in a conventional, fully sealed battery, promises similar theoretical performance as lithium-air batteries, while overcoming all of these drawbacks. Source: New lithium-oxygen battery greatly improves energy efficiency, longevity | MIT News

NEW YORK (TheStreet) –Goldman Sachs  (GS) has called Lithium the new gasoline and with many citing it as the key to the electric car revolution, its increasing global importance is being brought to light, CNBC’s Mike Santoli reported on this morning’s “Squawk on the Street.” For more on the Lithium demand for electric cars, CNBC’s Phil LeBeau joined the program from Central Valley, Nevada as the great lithium race is picking up steam. “There’s a 15% annual growth in lithium as far as demand worldwide. Wh Source: Lithium: The Key to the Electric Car Revolution, CNBC’s LeBeau Reports – TheStreet

Macarthur Minerals (TSXV:MMS) is an Australian company focused on identifying and developing high-grade lithium projects. Macarthur Minerals currently holds 20 exploration license applications and prospective interests in rights to lithium on Sulphur Springs covering a total area of 1,545 square kilometers in the Pilbara Craton, and in the Ravensthorpe and the Edah regions of the Yilgarn Craton of Western Australia. Source: Macarthur Minerals – Hard Rock Lithium for Junior Exploration

Sienna Resources Inc (SIE—TSX.v) (A1XCQ0 –FSE) (HBNRF—OTCBB) wishes to announce that Sienna has acquired the “Clayton Valley Deep Basin Lithium Brine Project”.   This project is located directly between and bordering Pure Energy Minerals Limited (PE—TSX.v) and Lithium X Energy Corp (LIX—TSX.v).  The “Clayton Valley Deep Basin Lithium Brine Project” is located in parts of the deepest sections (refer to the map) of the only lithium brine basin with a producing operation in North America (Albemarle’s (ALB-NYSE) Silver Peak Mine).  Pure Energy Minerals, which owns the Clayton Valley South project, has recently released an inferred resource of 816,000 tons of lithium carbonate equivalent on the Clayton Valley South project. According to the Pure Energy Minerals Limited website, “Geophysics shows that the same brine-bearing formations encountered during drilling (Pure) appear to extend to much greater depths within the basin.” Recently Pure Energy Minerals Limited signed a supply agreement with Tesla Motors Inc (TSLA-Nasdaq) to potentially supply lithium hydroxide from its Clayton Valley Lithium Brine Deposit. Source: Sienna Resources – Strategic Lithium Resources

Sienna Resources Inc (TSXV:SIE) (A1XCQ0-FSE) (HBNRF-OTCBB) is a Canadian based lithium exploration and development company. Sienna is focused on developing its flagship property,  The Clayton Valley Deep Basin Lithium Brine Project. This project is in the Clayton Valley of Nevada and is located directly between and bordering Pure Energy Minerals Limited (PE—TSX.v) and Lithium X Energy Corp (LIX—TSX.v). The Clayton Valley Deep Basin Lithium Brine Project  is situated in the deepest sections of the only lithium brine basin in North American that is actually in production being Albemarle’s (ALB-NYSE) Silver Peak Lithium Mine. Source: Sienna Resources

American Manganese Inc. (TSXV:AMY; PINKS:AMYZF;FRANK:2AM) is a specialty and critical metal company focused on using its patented proprietary hydrometallurgical process to recycle lithium-ion battery cathode materials. The company recently submitted applications for government research grants from both the United States and Canada to carry out proof-of-concept testing for recycling lithium-ion electric vehicle batteries. Source: American Manganese – EV Lithium Battery Recycling Challenge

Cypress Development Corp. (TSXV:CYP) is a junior resource company focused on lithium exploration in Nevada’s lithium-rich Clayton Valley, home to Albermarle’s Silver Peak Mine—the only operating brine-based lithium mine in North America. The company’s flagship project is the Clayton Valley Lithium Project located a mere half mile from the wells at the Silver Peak Mine and adjacent to Pure Energy’s (TSXV:PE) Clayton Valley South Project. Source: Cypress Development – Lithium Exploration in Nevada

For a long time, most of the world’s lithium was produced by an oligopoly of producers often referred to as the “Big 3.” Prior to being acquired by Albemarle (NYSE:ALB), Rockwood Lithium, part of Rockwood Holdings was on that list. The other members of the club were Chile’s Sociedad Quimica y Minera de Chile (NYSE:SQM) and FMC (NYSE:FMC), which operates in Argentina. Source: Top Lithium Producers – Investing News Network

China plans to scale up lithium extraction to meet demand for electric cars and smart phones. But environmental damage to the fragile Tibetan plateau will be irreversible, warns Gabriel Lafitte. Chinese geologists exploring Tibet in the 1960s criss-crossed the plateau, searching for the mineral wealth they assumed must be abundant, but had not yet discovered. In remote alpine deserts, the geological expeditions came upon lakes which were slowly drying-up due to long-term climate shifts. High on the empty Source: Tibet’s resource curse: China’s plans for lithium extraction to meet demand for electric cars and smart phones will cause irreversible environmental damage | chinadialogue

Investing in Argentina has for the most part been impossible for the last decade under the reign of Cristina Fernandez Kirchner, who imposed currency controls and sent the country into default. Under the Kirchner administration, Argentina’s resource sector was stifled, so much so that “farmers were overjoyed at Mrs Kirchner’s departure, and eagerly anticipating the arrival of a more market-friendly leader,” The Telegraph reported recently. However, now that Mauricio Macri has been sworn in as the country’s new president, investors can expect big changes. Source: Argentina Election a Win for Mining – Investing News Network

The Atacama salt flat in northern Chile is home to around 20% of the world’s lithium reserves and is widely regarded as the best and cheapest place in the world to produce lithium at the moment. Source: Why Chile is so rich for mining lithium – BBC News

2015 was another positive year for the lithium market. While prices for many other metals and energy commodities felt significant pressure last year, lithium prices have been on a tear, and continued developments from Tesla Motors (NASDAQ:TSLA) stoked further interest in the mineral.Despite accounting for only a fraction of lithium demand worldwide, Tesla has contributed to plenty of excitement in the junior lithium space, encouraging more and more junior mining companies to switch to lithium. Source: 8 Top Lithium-producing Countries – Investing News Network

Prices for lithium are forecast to rise strongly in the next two years, with widespread adoption of electric cars tipped to be a game changer for the third element on the periodic table.While most demand for lithium carbonate comes from industrial companies producing ceramics and glass, Citi analyst Matthew Schembri believes demand will rise significantly when electric vehicles become mainstream and need the commodity for lithium-ion batteries. Source: Lithium prices tipped to rise 20 per cent by 2017 on demand for electric cars

The great lithium race is on – demand is rising and supply is limited.Safer to buy the current lithium producers, but many are not pure lithium plays.High risk high reward – buying the lithium mining Source: Lithium Miners Are Booming As Lithium Spot Prices Rise – Which Lithium Companies Should I Buy? | Seeking Alpha

At this year’s Vancouver Commodities Forum, Jon Hykawy of Stormcrow Capital took some time to chat about lithium prices and what he thinks could be next for the lithium market.Despite all of the excitement in the lithium space right now, Hykawy believes that there could actually be a price correction in the near term. While he doesn’t believe the market will see anything as run in uranium prices in 2007-2008, and the run up in rare earths prices in 2010 and 2011, he believes that high lithium prices is at least in part due to financial buyers coming into the market and speculating on physical lithium. Source: Bold Lithium Prediction – Investing News Network

With contract prices appearing to stall their upward trajectory and the Chinese spot market dipping, lithium market sources this week pointed to several influences coming together to temper the spike in price of the battery mineral.The lithium market has drawn a lot of attention in recent months following an unprecedented rise in prices, but this increase seems to have calmed, industry sources told IM.The dollars-per-kilo price on the spot market for both lithium carbonate and hydroxide hit dizzying heights in the high twenties earlier this year,… Source: Multiple factors converge to stabilise lithium prices | Industrial Minerals

Galaxy Resources and General Mining say they have signed a second definitive offtake agreement with Chinese lithium buyers over its Mt Cattlin project, taking another $US4.5 million in up-front payments. Galaxy, which is still in the process of merging with Mt Cattlin half-owner General Mining, announced in March it was in talks with two potential off-take partners to sell 60,000 tonnes of lithium concentrate for delivery this year, at a sale price of $US600/t. Source: Galaxy, General sign second offtake deal – The West Australian

The price of lithium has surged on the back of growing global demand for high-tech devices, storage batteries and electric cars.Lithium Australia recently took advantage of the positive sentiment by completing a $6.55 million share placement during one of the worst weeks in trading history. Source: Lithium, graphite and potash to shine in 2016 as battery storage, electric car demand grows along with food – ABC Rural (Australian Broadcasting Corporation)

Orocobre has reached the break-even status on the operating front, and should reach nameplate capacity at Olaroz in the next few months.The high lithium price will be very welcome, and the operating margin will be 75% in the third quarter.Orocobre is planning to double the production capacity by the end of 2018, which makes a lot of sense at the current lithium price.Orocobre is fairly valued at $7,500 lithium, but should the Li price remain at $10,000, there still is upside potential. Source: Orocobre Will Sell Its Lithium Carbonate At $10,000+/t In Q3 – Orocobre Ltd. (OTCMKTS:OROCF) | Seeking Alpha