Category Archives: Energy

NYTIMES: US RARE EARTHS MINER MP MATERIALS TO GO PUBLIC IN $1.47 BILLION DEAL

(Reuters) – U.S. rare earths miner MP Materials will go public in a $1.47 billion deal by merging with a private-equity backed blank-check company, underscoring Wall Street’s rising interest in efforts to boost production of the strategic minerals. The listing on the New York Stock Exchange would be the first for a U.S. rare earths company since Molycorp went public a decade ago. Molycorp filed for bankruptcy in 2015 and MP Materials bought California’s … Continue reading

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TIMMINS COULD BE HOSTING A MONSTER NICKEL DEPOSIT

Does nickel in Timmins have the glamour of gold? There have been significant nickel finds in the rock formations around the famed northeastern Ontario mining camp but the production results always fell short of expectations. Canada Nickel Company’s Crawford nickel-cobalt sulphide project could quickly be changing that narrative. Helmed by one of the world’s foremost nickel experts, company chair and CEO Mark Selby believes the 4,900-hectare property, 40 kilometres north of Timmins, has the … Continue reading

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BHP NICKEL WEST CENTRAL TO WA’S BATTERY MANUFACTURING MISSION

Western Australia could soon become lithium-ion battery cathode manufacturer, according to a Department of Industry, Innovation and Science report. Commissioned by the Future Batteries Industry Cooperative Research Centre (FBICRC), the report proposes that a cathode precursor plant can be constructed at the CSIRO’s Waterford facilities in Western Australia, which includes the use of BHP Nickel West’s nickel sulphate pilot plant. It is expected that the pilot plant will provide valuable information toward how to … Continue reading

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Resource Global Network: CVMR Cutting-Edge metals refining technologies for high-tech industries

Read more from original source: RGN Vol 7 Iss 4 by Anderson Murray Media

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GATES, BEZOS-BACKED FIRM SEARCHING FOR COBALT IN CANADA

KoBold Metals, a start-up backed by a coalition of billionaires led by Bill Gates, plans to scour for cobalt in Canada using advanced mapping technology and it’s targeting northern Quebec, just south of Glencore’s Raglan nickel mine. The company, founded in 2018, has acquired rights to an area of about 1,000 square kilometres (386 sq. miles), where it plans to begin collecting geophysical data before the end of the year. KoBold’s backers include big … Continue reading

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FORBES – #TESLA POWERS UP; LITHIUM AND OTHER BATTERY METALS WILL FOLLOW

Where Tesla goes, lithium will follow. It’s obviously not as simple as that but there is an inevitability in demand for the metals used to make electric-powered vehicles following the success of EVs. Interestingly, the connection between Tesla’s recent rocket-run on the stock market has not been replicated in the battery-metals sector, yet. But as Tesla continues to prove that investors and car buyers are ready to embrace the shift from fossil fuels to … Continue reading

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TESLA’S OUTPUT FELL IN THE SECOND QUARTER OF 2020 BECAUSE OF SUPPLY CHAIN DISRUPTION AND PLANT SHUTDOWNS

US electric vehicle (EV) producer Tesla’s output fell sharply in the second quarter of 2020 because of supply chain disruption and plant shutdowns, but deliveries were relatively unscathed despite the Covid-19 pandemic. In all, the company produced 82,272 EVs in March-June, down by 19.9pc from 102,672 in the previous quarter and by 5.5pc from 87,048 in the second quarter of 2019. The drop was caused by the closure of Tesla’s Fremont assembly plant in … Continue reading

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CONGO AIMS TO LAUNCH STATE COBALT MONOPOLY IN TWO MONTHS, MINES MINISTER SAYS

June 26 (Reuters) – Democratic Republic of Congo will begin its state-controlled buying of artisanal cobalt in about two months time, having been delayed by the coronavirus pandemic, the mines minister said on Thursday. In January, the government created the Entreprise Generale du Cobalt as a subsidiary of state mining company Gecamines to purchase and market all cobalt that is not mined industrially in an effort to exert greater influence over prices. Congo dominates … Continue reading

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TESLA SALES SURGE 150 PERCENT IN CHINA AMID GERMAN EV MOTOR RIVALRY, GLENCORE RARE EARTH PARTNERSHIP

The figures showed that the Chinese automotive industry was recovering from the ongoing COVID-19 pandemic lockdown and that the electric vehicle giant’s investments in China’s massive auto market were paying off, reports revealed this week. US electric automaker Tesla has earned record high sales of its models manufactured in China in May just five months after the company began producing units at the Gigafactory 3 in Shanghai, according to reports. Registrations for Tesla motors … Continue reading

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FORBES: NICKEL RUSH RESTARTS AS STEEL AND BATTERY DEMAND RISES

China’s rapid exit from its Covid-19 lockdown has triggered the restart of a rush for nickel, an old-fashioned metal mainly used in making stainless steel, but also a key ingredient in the batteries of electric vehicles. While not yet attracting the eye of investors in the same way iron ore has with its 30% rise to $100 a ton there has been a strong flow of deals and a hint of stockpiling ahead of … Continue reading

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