Category Archives: Energy

Apple turns to miners to lock in Cobalt supplies: Bloomberg

LONDON (Reuters) – Apple Inc (AAPL.O) is talking to major cobalt producers to secure supplies of the material vital for the lithium-ion rechargeable batteries that power its mobile phones, three cobalt industry sources said. LONDON (Reuters) – Apple Inc (AAPL.O) is talking to major cobalt producers to secure supplies of the material vital for the lithium-ion rechargeable batteries that power its mobile phones, three cobalt industry sources said. pple declined to comment. Locking in … Continue reading

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BMW mining deals imminent as Cobalt price powers on – report

Copper and base metals markets are having terrible week, but the rally in the price of cobalt shows no signs of fizzling out. The metal quoted on the LME rose to a fresh 9-year peak of $81,500 a tonne yesterday, a 147% surge since the beginning of 2017. Lithium carbonate prices began its run up two years ago, going from $6,100 per tonne to average $23,350 so far this year on hopes of a … Continue reading

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Volt applies for its mining permits in Tanzania

JOHANNESBURG (miningweekly.com) – Tanzania-focused flake graphite development company Volt Resources has lodged its mining licence applications for the Bunyu graphite project. The applications cover both the Stage 1 development, where an estimated 400 000 t/y of ore will be processed producing a nominal 20 000 t/y of graphite products, and the Stage 2 expansion, which will be based on the prefeasibility study metrics of 3.8-million tonnes a year of ore to produce 170 000 … Continue reading

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Congo Seeks More Control of the Cobalt Market

‘We legitimately want to control the cobalt market,’ Yuma says Congo accounts for about two-thirds of global cobalt supply The Democratic Republic of Congo will seek greater control of the global cobalt market by engaging directly with car and battery manufacturers, according to its largest state-owned mining company. “I find it scandalous that when cobalt is discussed, and the explosion of electric vehicles, only the traders and consumers are referenced and Congo and Gecamines … Continue reading

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Best-Performing Battery Metal of the Past Year Isn’t Cobalt – Vanadium

Vanadium is rocketing during a buying spree in China Grid-scale batteries for renewables could drive further gains A metal that’s in demand for batteries is surging, and it’s not the one everyone’s talking about. Vanadium has soared more than 130 percent in the past year, outperforming better-known battery components like cobalt, lithium and nickel. It’s an obscure metal, silvery-blue in color and named for Vanadis, the Nordic goddess of beauty. What’s driving prices is … Continue reading

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BASF Aims to Muscle Itself Onto Battery Materials’ Top Table

German company says Europe will be the next high-growth region Other plants may follow existing EU400 million Europe project BASF SE is prepared to dig deep, pouring money and expertise into developing materials for electric-vehicle batteries to catch up with rivals like Tesla Inc. supplier Sumitomo Metals & Mining Co. The world’s No. 1 chemical maker is adding to its expansion plans in Europe, which is emerging as the next high-growth region for batteries, … Continue reading

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Bloomberg: The World’s Biggest Miner Is Building a Battery Supply Hub It Doesn’t Want

BHP transforming nickel unit to target global battery market Revamp to boost value for any sale, lift cashflow: Tribeca Electric vehicles could hold the key to BHP Billiton Ltd. finally finding a buyer for its unwanted nickel operations. The world’s top miner is accelerating plans to transform Nickel West in Western Australia into a linchpin of the global supply chain for electric vehicle batteries. The switch in focus promises to woo new suitors after … Continue reading

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Future demands of Copper, Nickel, Cobalt an Electric Vehicle world needs

Glencore’s investor day on Tuesday painted a positive picture not just of the Swiss miner and commodities trader’s business but also had good news for the mining industry as a whole. Glencore commissioned CRU to measure the impact the global shift away from internal combustion engines to an electric vehicle market would have on metal markets. The London-based research company modelled metal requirements across the supply chain – from generation and grid infrastructure through … Continue reading

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Small Canadian miners in pole position for Electric Vehicle battery boon

VANCOUVER (Reuters) – Canadian developers of cobalt and lithium mines stand to benefit from a round of investments from the makers of electric vehicles and the batteries powering them, a potential game-changer for small miners short on money to develop deposits of these critical battery ingredients. Toronto-listed cobalt companies, Ecobalt Solutions and Fortune Minerals, are in talks, ranging from preliminary to more advanced, with more than a dozen groups, including car and battery makers, … Continue reading

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SMM Forecast: Battery-grade & Electroplate-grade NickelSulfate Output in 2018

SHANGHAI, Dec.5 (SMM)-As per SMM independent research, in 2017 battery-grade nickel sulfate output reaches 209,800 tons and electroplate-grade output reaches 86,800 tons. In 2018 battery-grade nickel sulfate output is estimated to rise 35% on yearly basis and 5% for electroplate-grade. Ref: http://nanthavictor.com Read more from original source: https://news.metal.com/newscontent/100769364/smm-forecast%3A-battery-grade-electroplate-grade-nickel-sulfate-output-in-2018

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