Category Archives: News

Nickel producers eye Indonesia to plug into EV battery market

JAKARTA, Sept 14 (Reuters) – Several global metals producers have set their sights on Indonesia’s nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Sumitomo Metal Mining Co Ltd (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to build a nickel processing project in Pomalaa, Southeast Sulawesi. Major nickel producers are taking a closer look at Indonesia whose … Continue reading

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Nickel price to benefit from short supply, strong steel demand through 2019

JAKARTA – Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000 a tonne by the end of 2018 and $18 000 a year later, Macquarie Capital senior commodities consultant Jim Lennon said on the sidelines of the … Continue reading

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Congo plans to build special economic zone for Cobalt users

KINSHASA – The Democratic Republic of Congo plans to establish special economic zones for companies that manufacture goods from the country’s minerals, President Joseph Kabila said. “There is a need to create special economic zones for the final users of Congolese natural resources,” Kabila said at a conference Wednesday in the southeastern city of Kolwezi. The area will allow producers of electric vehicles, smartphones and other goods to “install themselves in the DRC,” he … Continue reading

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CO2 Capture Could Be Super Cheap by 2040s if the Path of Batteries Followed.

Earlier this summer, a Harvard researcher said he can potentially pull carbon dioxide out of the atmosphere for as little as $100 per metric ton. The news reinvigorated many people who had resigned themselves to an ever-warming planet. The announcement also received pushback from some scientists and environmentalists who fear creation of a “moral hazard” if experimentation undermines the political will to halt emissions and the subsequent technology turns out not to work well … Continue reading

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NASA asks public to help astronauts survive carbon dioxide on Mars

Because CO2 is readily abundant within the Martian atmosphere, such technologies will translate into in-situ manufacturing of products to enable humans to live and thrive on the planet. NASA has launched a public competition that asks people to find solutions to turn carbon dioxide into molecules that would help astronauts endure the harsh atmosphere on the Red Planet. Called the “CO2 Conversion Challenge”, the competition asks public to discover ways to develop novel synthesis … Continue reading

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In Chilean desert, Global thirst for Lithium is fueling a ‘water war’

SANTIAGO (Reuters) – On Chilean water regulator Oscar Cristi’s desk, a small white espresso cup teeters atop piles of documents and loose folders that appear on the point of collapse, perhaps an apt metaphor for the growing water crisis in parts of the Andean country. Sitting in his eighth-floor office adjacent to the presidential palace, Cristi, a PhD economist, lays out a map of Chile showing key watersheds for mining. Swaths of the mineral-rich … Continue reading

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Stacked DAC: A Direct Air Capture CO2-to-Gasoline Scheme that Works? – Technologu

Why you should care about this refreshingly simple CO2-to-fuel scheme Twice now I’ve been dazzled by schemes for scrubbing CO2 out of the atmosphere and turning it into fuel. In July 2008 it was NaOH scrubbers and exotic catalysts; in March 2012, it was ionic amine fluids and a formic-acid fuel cell. Both were tricky to describe, energy intense, and costly; years later, neither is yet ready for prime time. Then this June my … Continue reading

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African Battery Metals shifts focus to Nickel/Cobalt, relinquishes Sierra Leone projects

Aim-listed African Battery Metals (ABM) has decided to relinquish its interests in gold and iron-ore projects in Sierra Leone to focus on its newly acquired nickel and cobalt projects in Cameroon and Côte d’Ivoire. The company believes there are attractive long-term market fundamentals for battery metals. The strategy, implemented in January, of rapidly building the company organically and through acquisitions, has been endorsed by the new shareholders, led by highly successful international resource entrepreneurs, … Continue reading

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China’s CATL to start producing next-gen low-Cobalt batteries in 2019

BEIJING (Reuters) – China’s largest lithium battery maker Contemporary Amperex Technology Ltd (CATL) plans to begin producing in 2019 next-generation nickel-rich batteries, which are cheaper to make and have longer life-spans, according to an internal company presentation and a company source. Its plans for the NCM 811 battery, which have not been officially announced, come as global battery makers have been searching for ways to reduce the proportion of cobalt in their batteries to … Continue reading

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Cobalt: Are You Ready for the Blue Gold Rush?

Cobalt is an amazing commodity that not enough investors or analysts are much interested in. With so many real-world applications, it’s hard not to have a soft spot for the precious blue mineral. Cobalt stocks are just starting to come into their own, powered by the commodity’s use in lithium-ion batteries and driven by its importance in the electric vehicle (EV) market. Historically, cobalt has been overlooked as a choice for precious mineral stocks, … Continue reading

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