Category Archives: News

Tesla May Be Trampled by CATL in China

The battery maker is the stuff that technology domination dreams are made of. Sorry, Elon Musk. By the looks of it, every car of the future will be equipped with a powerful and cheap battery made in, and more importantly by, China. This month, Nissan Motor Co. and Daimler AG put in orders for electric-car batteries with an emerging Chinese champion, privately held Contemporary Amperex Technology Co., or CATL. Volkswagen AG is already a … Continue reading

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Six finalists announced in Ontario’s global challenge to reduce greenhouse gas pollution – Ontario Centres of Excellence

TORONTO, May 7, 2018 – Today, Ontario Centres of Excellence (OCE) announced the first cohort of finalists for Ontario’s Solutions 2030 Challenge – a global call for innovators to propose solutions that could help Ontario industry reduce greenhouse gas (GHG) pollution. The initiative is part of the province’s broader TargetGHG program, which is administered by OCE on behalf of the Ministry of Research, Innovation and Science and the Ministry of the Environment and Climate … Continue reading

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Tesla delivers bad news for Cobalt price, boost for rare earths

Tesla is a proponent of nickel-cobalt-aluminium (NCA) technology which requires less than a third the amount of cobalt Wall Street is aghast at Elon Musk’s dismissive attitude toward analysts’ probing following a quarter of record (but less than expected) losses for Tesla, but the electric vehicle maker did provide some answers to questions that’s been vexing the mining industry. Benchmark Mineral Intelligence, a provider of price information and research on battery supply chains, parsed … Continue reading

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Nickel intermediates can fill class one supply gap – Vale

Nickel intermediates could provide the most cost-effective means of bringing on-stream additional class one nickel units to serve the growing battery market, according to Frank Nikolic, head of base metals intelligence at Vale. Nickel demand from the battery sector could increase to 1.8 million tonnes by 2030 from 700,000 tonnes by 2025, according to Vale’s upside forecast. Its more conservative forecast suggests demand of 350,000 tonnes in 2025 and of 1 million tonnes by … Continue reading

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Future of Vale’s Nickel operation in New Caledonia?

RIO DE JANEIRO, April 26 (Reuters) – Vale SA, the world’s top iron ore producer, expects iron ore prices no lower than $70 per tonne this year and will hand out $1 billion in dividends each quarter this year if conditions remain similar ahead, executives said on Thursday. The dividend policy “was constructed to work in any price scenario. That means this policy is here to stay,” Chief Executive Officer Fabio Schvartsman said on … Continue reading

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Raw material suppliers join Finland battery factory project

JOHANNESBURG (miningweekly.com) – Five companies that can supply essential raw materials for an emerging battery industry in Finland have joined a cooperation network that aims to obtain international investment in the battery cluster. The cooperation network includes the cities of Vaasa and Kokkola, Freeport Cobalt, the world’s largest cobalt refinery and producer of battery chemicals, Norilsk Nickel, the producer of nickel metals and nickel chemicals in Harjavalta, Terrafame Group, the parent company of Terrafame … Continue reading

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CVMR Energy Minerals Burundi SURL on African Media TV

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Bolivia to invest in billion-dollar Lithium deal with ACI Systems of Germany

Reuters LA PAZ (Reuters) — Bolivia will manufacture and market lithium batteries along with German company ACI Systems GmbH, which will invest $1.3 billion in the project, the country’s manager of the lithium deposits told the Bolivian state radio on Saturday. Along with Argentina and Chile, Bolivia is part of South America’s so-called “lithium triangle,” one of the largest global reservoirs of the key mineral for the production of car batteries. “The German company … Continue reading

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Press Release By the Ministry of Energy and Mines, Burundi

Press Release By the Ministry of Energy and Mines, Burundi The Ministry of Energy and Mines of the Republic of Burundi announced today that they are expecting to receive a copy of the preliminary Report on the Mukanda mine prepared by La Societe CVMR Energy Minerals Burundi SURL. On the 7th of November 2017, the Burundi Cabinet approved the application for research permit of CVMR Minerals Burundi SURL and its Canadian holding company, CVMR … Continue reading

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BHP Billiton to produce Nickel sulphate next year, eyeing Cobalt on battery boom

SHANGHAI (Reuters) – BHP Billiton is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a company executive said. Cobalt and nickel are both critical ingredients for lithium ion batteries, and are expected to see a boom in demand as global automakers transition into producing electric vehicles. Most of the world’s cobalt … Continue reading

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