EV Mining News

Electric car dreams may be dashed by 2050 on lack of cobalt, lithium supplies

German researchers say cobalt-free battery technologies — including post-lithium technologies based on non-critical elements — are the best way to avoid supply issues in the long term.

New study rips into cobalt, lithium price bulls

"Significant surpluses" from next year to decimate prices says second bearish report on electric vehicle battery materials.

Big miners arrive in the DRC to go over new mining code

The companies have just resigned from the Congolese Chamber of Commerce.

Glencore signs massive cobalt sale deal with China's GEM

The world’s biggest producer of cobalt has agreed to sell around a third of its cobalt production over the next three years to the Chinese battery recycler.

Canada’s First Cobalt buys US explorer, creates key supplier outside Congo

The blended company will have projects in Ontario and Idaho which, once in operations, could be major cobalt suppliers for EVs makers and high tech firms.

VW just gave Tesla a $25 billion battery shock

The world’s largest carmaker will equip 16 factories to produce electric vehicles by the end of 2022, compared with three currently.

Investors hunting cobalt deals approached Sherritt, CEO Says

Sherritt shares were up 2.5 percent at 10:30 a.m. in Toronto.

Chile files complaint to block sale of SQM shares to Chinese companies

Chile’s antitrust regulator FNE will need to review the complaint.

Chile says companies to invest $754 mln in lithium industry

Chile's Molymet and China's Sichuan Fulin Industrial Group were selected in a bidding process to develop technology focused on the lithium market.

Chile approves increase in lithium quota for Albemarle

Albemarle has said it could invest $1 billion in Chile over the next five years if the plan was approved.

Congo's Kabila signs into law new mining code

The law, passed by parliament in late January, replaces an earlier code from 2002.

LME rethinks cobalt contract for electric vehicle sector

The exchange is instead looking at offering a cash-settled cobalt metal contract.

Why electric vehicles could fracture the nickel market: Andy Home

The EV story is a strong, slow-burn bull case for higher nickel prices.

Congo's Kabila to sign new mining code soon after meeting with miners

The announcement followed a nearly six-hour meeting on Wednesday between Kabila and mining executives in Kinshasa about the new code, which will raise taxes and remove a stability clause.

Daimler's R&D chief sees nickel rich batteries gaining traction

The car industry is moving towards making electric car batteries with a higher ratio of nickel.

Glencore's talks to sell cobalt to Chinese firm falter on price

Price is a sticking point as Glencore and other major producers are now able to exert more influence in negotiations, sources said.

UK firm pilots using blockchain to help BMW source ethical cobalt

The competition is intensifying to use blockchain to try to eliminate battery minerals produced by child labour.

SQM talks down lithium oversupply, says market to grow 80% a year

According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a year until 2023.

Agnico Eagle is reviewing cobalt assets after receiving interest

In the interim, the company is still focused on its core business of building and running gold mines.

South Korea's POSCO buys stake in Aussie lithium producer, signs supply deal

South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.

The EV future is here and already boosting earnings for miners

“Look at what’s required over the next 50 years, 60 years, and known lithium on the planet, I don’t think it’s as much as everyone understands it to be.”

Cobalt price: Supply scramble heats up with Canadian deal

Cobalt 27, RNC Minerals shares pop after inking $70m deal on world's largest undeveloped cobalt, nickel sulphide deposit.

Apple in talks to buy cobalt directly from miners — report

Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.

Eramet eyes expansion in electric vehicle metals

Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit in Argentina.

Toyota to make cheaper electric motors by halving use of rare earths

Asia’s No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world’s most powerful batteries for electric vehicles.