Lake Resources Managing Director: Definitive Feasibility Study for Kachi Lithium Project is Underway

Following an increased focus by electric vehicle makers on supply chain sustainability, Lake Resources NL (ASX:LKE,FWB:LK1,OTCQB:LLKKF) is advancing debt funding options for its flagship Kachi lithium project, and Managing Director Stephen Promnitz says the company is charging ahead to address the surge in battery market demand.

Lake Resources Managing Director: Definitive Feasibility Study for Kachi Lithium Project is Underway youtu.be

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ASX Rare Earths Stocks

The rare earths market is dominated by China, but Australia is a key player. Here's a look at ASX rare earth stocks with projects on the boil in Australia.

Rare earths are a group of commodities that Australia has done well to corner the market on, not because of a monopoly on resources (indeed Australia only accounts for 3 percent of global reserves), but because it was ahead of the curve when it comes to investment.

The story of rare earths in Australia — the modern success story at least — has its roots in a 2010 trade dispute between Japan and China, when China throttled exports of rare earths to Japan as retribution for a fisheries clash.

Long story short, Japan found itself looking to diversify its rare earths import partners. Up until then it had been beholden to the whims of its larger neighbour, which at the time accounted for over 93 percent of rare earths output.

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Australia’s 5 Most Valuable Mineral Exports

One of the richest nations on Earth, Australia’s economy is built on mineral resources. Here’s a look at the country’s five most valuable mineral exports.

Australia’s economy is largely based on its natural resources, with the minerals sector making the greatest contribution to the nation’s exports.

Four of Australia’s states and territories rank in the top 20 mining jurisdictions in the world, according to the Fraser Institute’s latest annual survey of mining companies: Western Australia (fourth), Southern Australia (seventh), Queensland (16th) and the Northern Territory (19th).

These mining jurisdictions demonstrate a high level of investment attractiveness mainly due to their mineral-rich geology, solid infrastructure, stellar economic environment and government support for the resources industry at both the federal and state level.

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Galaxy Resources Limited Announcement

Galaxy Resources Limited advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform : Change of Director’s interest Notice – MR The announcement can be viewed at: SOURCE Galaxy Resources Limited View original content

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Change of Director’s interest Notice – MR

The announcement can be viewed at:

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Rio Tinto opens new scandium plant in Canada

Rio Tinto has started operations at a new commercial scale demonstration plant to produce high-quality scandium oxide at its Rio Tinto Fer et Titane metallurgical complex in Sorel-Tracy, Quebec. The $6 million project, in which the Government of Quebec contributed approximately $650,000 through the Quebec Plan for the Development of Critical and Strategic Minerals, was completed on time and on budget, less than six …

Rio Tinto has started operations at a new commercial scale demonstration plant to produce high-quality scandium oxide at its Rio Tinto Fer et Titane (RTFT) metallurgical complex in Sorel-Tracy, Quebec.

The $6 million project, in which the Government of Quebec contributed approximately $650,000 through the Quebec Plan for the Development of Critical and Strategic Minerals, was completed on time and on budget, less than six months after the start of construction.

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Free Investor Report

Will The Past Mirror Future Performance For Capital Raisings On The ASX?

Investing in ASX?

Download our latest special report to find out why last year was a record year for capital raisings and see what's in store for this year such as IPOs to watch out for in the tech and resources sector.

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  • ASX Capital Raisings: Past, Present and Future
  • What You Need to Know About Capital Raisings on the ASX
  • Why 2020 Was a Record Year for Capital Raisings on the ASX
  • Top ASX Resource Capital Raisings in 2020
  • Top ASX Tech Capital Raisings in 2020
  • What's Ahead for Capital Raisings on the ASX in 2021?
  • ASX Resource IPOs for Investors to Watch in 2021
  • ASX Tech IPOs for Investors to Watch in 2021

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