Monthly Archives: August 2017

SouthKorea’s SK Innovation starts production of batteries with more Nickel

SEOUL, Aug 31 (Reuters) – South Korea’s SK Innovation said on Thursday it has started commercial production of lithium-ion batteries with an increased portion of nickel, while reducing the usage of expensive components such as cobalt to extend battery life and cut costs. With cobalt prices rising, Asian battery makers have been trying to develop new lithium-ion batteries with a higher proportion of nickel for use in electric cars. Typically, nickel, manganese and cobalt … Continue reading

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LME considers starting Lithium contract to tap ElectricCar boom

The London Metal Exchange is considering introducing a contract for Lithium, a mineral that is in heavy demand because of its use in electric cars, as the 140-year old company tries to reverse a fall in volumes. The exchange, which sets the global price for metals such as Copper, Aluminium and Nickel, has been looking at the feasibility of trading the metal, which is extracted in SouthAmerica and Australia and mostly sold in a … Continue reading

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Sama Reports Recovery Rates of 92% Nickel and 85% Iron Metal Powders

MONTREAL, Aug. 28, 2017 (GLOBE NEWSWIRE) — Sama Resources Inc. (“Sama” or the “Company”) (TSX-V:SME) is pleased to announce that recent tests conducted by CVMR Corporation (“CVMR”) on Samapleu mineralized material returned recovery rates of 92% and 85% nickel and iron, respectively. The quality nickel produced will be suitable for a wide range of end-use applications, including rechargeable batteries, aerospace uses, metal injection molding for automotive and medical instrumentation parts as well as feed … Continue reading

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It’s Hard to Keep Up With All That Lithium Demand

Hidden within the salt flats high in the Andes mountains of South America are vast deposits of the lithium that Elon Musk may need for his electric-car revolution. But extracting the mineral from brine ponds created by Orocobre Ltd. has proved more difficult than expected. Bad weather and pump glitches meant production at the Olaroz facility in northern Argentina was 21 percent below Orocobre’s initial target in the year through June. While things are … Continue reading

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Vale Indonesia struggles to find Nickel smelter partners after rule change: CEO

JAKARTA (Reuters) – Nickel producer Vale Indonesia said Indonesia’s recent policy shift to allow ore exports is helping keep global prices of the metal low, and complicating efforts to establish partnerships for new smelter investments. Nickel miners globally have been grappling with persistent weakness in the market, partly the result of moves by Indonesia and the Philippines to pull back on restrictions targeting their mining sectors. A resumption of Indonesian nickel ore exports in … Continue reading

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Nickel West – Energising Our Future

Nickel-rich chemistries are popular due to higher energy density and lower costs. A higher Cobalt price should incentivize rapid adoption of more nickel-heavy technologies. Nickel Sulphate production from the dissolution of refined nickel powder (350kt) is more attractive. Ref: http://nanthavictor.com Read more from original source: http://www.bhp.com/-/media/documents/media/reports-and-presentations/2017/170809_energisingourfuture.pdf

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Germany to Take on Tesla With Gigafactory Rival

Terra E has lined up 17 partners for billion-euro project Construction on 34 gigawatt-hour factory to start in 2019 German executives are preparing to announce a new home for a lithium-ion battery plant designed to rival the output at Tesla Inc.’s Gigafactory. Terra E Holding GmbH will choose one of five candidate sites in Germany or a neighboring country next month to build its 34 gigawatt-hour battery factory, Frankfurt-based Chief Executive Officer Holger Gritzka … Continue reading

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Electric-Car Revolution Shakes Up the Biggest Metals Markets

Producers of copper, cobalt, aluminum to benefit from changes Steel, lead, platinum companies may need to adapt operations The revolution in electric vehicles set to upturn industries from energy to infrastructure is also creating winners and losers within the world’s biggest metals markets. While some of the largest diversified miners like Glencore Plc argue fossil fuels such as coal and oil still play a crucial role supplying energy needs, they’ll also benefit the most … Continue reading

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Asian Battery makers eye Nickel top-up as Cobalt price bites

SEOUL (Reuters) – Soaring cobalt prices are prompting Asia’s top battery makers to tweak the recipe for lithium-ion batteries used to power electric cars and mobile phones – reducing the amount of cobalt and adding more nickel. With forecasts for electric vehicle (EV) battery demand to jump 20-fold over the decade to 2025, manufacturers are looking to cut back on more expensive components. Cobalt has more than doubled in price over the past year … Continue reading

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Copper in, nickel out — Vale

RIO DE JANEIRO — Brazilian miner Vale SA (VALE5.SA) said on Thursday it would seek out fresh copper mining options and stop expanding nickel production capacity after second-quarter net income plunged on forex losses, rising costs and weaker iron ore prices. Net income tumbled 99 per cent to $16 million from $1.1 billion a year earlier, far below an average estimate of $421 million. The world’s largest iron ore miner kept making slow progress … Continue reading

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