The Latest Breaking News from lithium

"Buying the dip" is no longer an easy way for inexperienced traders to make money, according to a seasoned stockbroker, despite the ASX losing roughly $250 billion in the past year.

Reuters Hyundai, Affiliates Plan To Set Up New Company In US:

Once a byword for economic decline, the region is being transformed into the centre of Europe’s electric car industry

It is the second tranche of funding from investment firm TechMet into the Cornwall-headquartered business

Jeep maker Stellantis NV is investing nearly $53 million (50 million euro) into its European lithium partner in an effort to create a reliable supply chain of the critical mineral for electric-vehicle batteries.

Reuters

Stellantis NV (NYSE:STLA) has made a €50 million (A$76 million) equity investment in Vulcan Energy Resources Ltd (OTC:VULNF) and has extended its original binding offtake agreement to ten years. Vulcan is a lithium producer and intends to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resource in Germany. The investment…

High-grade lithium has been discovered in Nigeria. In 2019 the total production volume of lithium, not high grade, in Nigeria reached 50 metric tons This is small compared to Zimbabwe which produced 1,200 metric tons the same year. The Conversation Africa’s Wale Fatade asked geologist Ibrahim Garba for his insights.

SQM, or Sociedad Quimica y Minera de Chile, is IBD Stock Of The Day as the lithium play revs up output faster than rivals.