Category Archives: Metal Marketing

Sama Resources Announces Positive Preliminary Economic Assessment for Samapleu Project

Figure 1: Flow Sheet of Samapleu Concentrator Pre-tax NPV of USD 615M and IRR of 32.5% over a 20-year mine life Highlights Average annual production of 3,900 tonnes(“t”) of carbonyl nickel powder, 8,400 t of carbonyl iron powder and 14,100 t of copper concentrate over a 20-year mine life Capital costs of $282 million (“M”) including contingency of $37 M Operational costs of $23.96/t milled Pre-tax Net Present Value (“NPV”) at 8% discount rate … Continue reading

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BLOOMBERG: MUSK PROMISES ‘GIANT CONTRACT’ FOR EFFICIENTLY MINED NICKEL

Market for nickel used in EV batteries is getting tighter Japan trading giant to take huge writedown on nickel project Elon Musk has a plea for mining companies: “Please mine more nickel.” “Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” said Musk, chief executive officer of the electric-carmaker, during a second-quarter earnings call. Musk’s plea comes as one … Continue reading

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NICKEL DEMAND FROM THE BATTERIES SECTOR TO ACCOUNT FOR OVER 25 PERCENT OF THE TOTAL NICKEL MARKET BY 2030”

It’s been more than four months since COVID-19 was declared a pandemic, and the impact of the virus on the commodities space is far from over. Nickel is just one metal still facing hurdles, despite the rebound in prices it saw in Q2. During the first half of 2020, mining and refining facilities for nickel were disrupted at a global scale, from the Philippines to Canada, as a result of coronavirus containment measures. “We … Continue reading

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COBALT: BMW THE ONLY CARMAKER WITH A DIRECT TO MINE RAW MATERIAL SOURCING APPROACH

BY: FRIK ELS, MINING.COM JULY 20, 2020 German luxury vehicle maker BMW signed a US$2.3 billion long-term deal earlier this month with Swedish battery maker Northvolt, the latest of such deals, as European carmakers try to compete with Tesla in the burgeoning electric vehicle (EV) market. Tesla’s gigafactories and battery technology have long given it an edge in the EV market (Northvolt was started by two former Tesla executives), but when it comes to … Continue reading

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DOD: COVID19 PANDEMIC REVEALS SUPPLY CHAIN VULNERABILITY

If there’s one silver lining from the COVID-19 pandemic, it’s that it’s helped expose vulnerabilities in the U.S. and Defense Department supply chain, the undersecretary of defense for acquisition and sustainment said. Ellen M. Lord discussed acquisition in the face of COVID-19 during a virtual “fireside chat” today with the Ronald Reagan Institute. Efforts that followed an executive order by the president to assess the defense industrial base and the U.S. supply chain have … Continue reading

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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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