Who would have thought that this small European country we rarely hear of, rocks when it comes to minimum wage? Luxembourg has the highest minimum wage in Europe, 1998 Euros per month, which suggests an hourly rate of 12.4 Euros or 14.70 USD. In July, 2016 the minimum wage was 1.922 Euros so we are witnessing an increase. Let’s hope Luxembourg continues to side with workers on this one.
Pixabay/Public Domain
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The whispers are turning into roars.
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A Recent Monumental Shift in the Mining Arena has Shined a Big Spotlight on Lithium!
Many eyes are once again locked on the critical mineral since Rio Tinto, the 2nd largest mining company in the world, acquired Arcadium Lithium PLC. The acquisition immediately catapulted Rio Tinto to becoming the world’s 3rd largest lithium producer.
Why would a big mining giant like Rio Tinto be interested in acquiring a lithium producer?
Because they recognize there is a tremendous need for lithium in the world’s energy transition. Rio Tinto CEO Jakob Stausholm said Rio is confident that long-term demand for lithium will be strong.
This is the largest mining deal in the world since 2007 and marks a significant milestone to the lithium industry as it depicts a massive shift in sentiment from the big mining companies.
As the race to find secure lithium supplies continues, an underfollowed lithium explorer is causing quite the commotion as Wall Street learns about the company’s disruptive lithium land package in Brazil!
In less than two years, Brazil emerged from ZERO exports to the fifth-largest lithium exporter in 2023 with projections of a fivefold production increase in the next five years! To say that Brazil is undergoing a lithium boom is an understatement!
Lithium exploration is accelerating in Brazil, in the wake of the relaxing of regulations and growing demand for the mineral that’s crucial to the global transition to electric vehicles. The country has relaxed its lithium export regulations, which has attracted global investment and transformed the country into a major producer of the critical element.
Brazil is being noticed for its prolific lithium appeal…
In August 2024, Australian lithium giant Pilbara Minerals announced its plans to acquire Latin Resources for approximately A$559.9m ($371.12m) to diversify its operations.
