May 17, 2020

International Women in Mining launches new photo competition

Dale Benton
2 min
Women in Mining
Mining is the game. Celebrating womens contribution to the mining industry through a diverse lens is the aim. The International Women in Mining has unve...

Mining is the game. Celebrating women’s contribution to the mining industry through a diverse lens is the aim. The International Women in Mining has unveiled its latest photo competition “Impact and Influence” builds on this year’s International Women’s Day theme, Be Bold for Change.

The mining industry is male dominated with only 5-10 percent of the mining workforce made up of women and 7% of directorships held by women according to a 2014 study by Global Mining Standards and Guidelines group. Raising the visibility of women challenges gender stereotypes and attracts more women to the industry.

IWiM’s mission is to implement projects that drive the development and participation of women in mining. IWiM is a network of people passionate about bettering standards for women in mining with 9000 plus members.

The project IWiMSpeakUp aims to increase the number of women presenting at mining conferences, and the Women on Boards initiative targets increasing the number of women serving on boards.

Founder and Director of IWiM Barbara Dischinger said: “We are very excited to launch a new photo competition to showcase the amazing variety of roles in which women are employed in the industry and to reflect the growing number of female employees. The competition is a tremendous opportunity to raise visibility around the lack of visual role models and will hopefully help to inspire young women to enter the sector.”

For the competition, IWiM welcomes a broad range of submissions from across the mining value chain: submissions that send a powerful message on women’s role in mining from industries, governments, NGOs, and academia are encouraged.

Sponsorship from De Beers Group has funded competition prizes, which includes a Nikon D5600 DSLR Camera Kit, travel vouchers and plenty more.

Photos will be judged by a distinguished panel of judges including Bruce Cleaver, CEO of De Veers Group, Dr Sharman Stone, Ambassador for Women and Girls, Australia and Tom Butler, International Council of Mining and Metals (ICMM)

 Entries close on 16 April and will be judged by a distinguished panel including Bruce Cleaver, CEO, De Beers Group; Dr Sharman Stone, Ambassador for Women and Girls, Australia; and Tom Butler, CEO, International Council on Mining and Metals (ICMM).

IWiM hopes to use the winning entries in a travelling exhibition and celebrate women for their significant footprint in the mining sector.

Submit entries at http://www.internationalwim.net/submit-entry/

#ImpactandInfluence

The March 2017 issue of Mining Global is now live!

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Get in touch with our editor Dale Benton at [email protected]

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May 7, 2021

Lithium producers bullish as EV revolution ramps demand

Lithium
Electric Vehicles
Albemarle
SQM
3 min
Lithium producers are drawing optimism from rising prices for the electric vehicle battery metal

Rising demand for lithium is stoking prices for the electric vehicle battery metal, fueling long-delayed expansions that still may not produce adequate supplies that automakers need to meet aggressive production plans.

Lithium

Growing industry optimism from higher lithium prices is a change from last year when funding for mines and processing plants dried up during the pandemic.

Albemarle Corp, Livent Corp and other producers are scrambling to make more lithium, but some analysts worry the recent price jump will not spur a big enough expansion to meet a planned wave of new EV models by mid-decade.

Since January, General Motors Co, Ford Motor Co LG Energy Solution and SK Innovation Co, along with other automakers and battery parts manufacturers, have said they will spend billions of dollars on EV plants.

U.S. President Joe Biden has proposed spending $174bn to boost EV sales and infrastructure. The European Union has similar plans, part of a rush to catch up with global EV leader China.

Those moves have helped an index of lithium prices jump 59 percent since April 2020, according to data from Benchmark Mineral Intelligence, a commodity pricing provider.

The rising demand “reflects what feels like a real and fundamental turning point in our industry,” said Paul Graves, chief executive of Livent Corp, which supplies Tesla Inc. On Monday, it said it would more than double its annual lithium production to 115,000 tonnes.

Graves warned, though, that “it will be a challenge for the lithium industry to produce sufficient qualified material in the near and medium term.”

Albermarle

Albemarle, the world’s largest lithium producer, aims to double its production capacity to 175,000 tonnes by the end of the year when two construction projects are complete. Albemarle's Q1 profit beat expectations thanks to rising lithium prices. Chile’s SQM, the No. 2 producer, said its goal to expand production of lithium carbonate by 71 percent to 120,000 tonnes should be complete by December.

Australia’s Orocobre is paying $1.4 billion for smaller rival Galaxy Resources, a strategy designed to boost scale and help it grow faster in regions closer to customers.

“The next few years are going to be critical in terms of whether there’s enough available lithium supply, and that’s why you’re starting to see commodity prices start to ramp,” said Chris Berry, an independent lithium industry consultant.

The price gains helped Albemarle and other major producers, including China’s Ganfeng Lithium Co and SQM, post big gains in first-quarter profit and boost forecasts for the year.

Even China’s Tianqi Lithium Corp, saddled with debt due to years of low lithium prices, signaled that recovering demand should help it swing to a profit this year.

Electric Vehicles

Forecasts call for demand for the white metals to surge from about 320,000 tonnes annually last year to more than 1 million tonnes annually by 2025, when many automakers plan to launch new EV fleets, according to Benchmark.

Still, demand is expected to outstrip supply in 2025 by more than 200,000 tonnes, so lithium prices may need to rise to encourage producers to build more mines. That could boost the prices consumers pay for EVs. “Companies across the lithium-ion supply chain are in the best position they’ve been in for the last 5 years,” said Pedro Palandrani of the Global X Lithium & Battery Technology ETF , which has doubled in value in the past year.

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