The company is still positive on copper demand due to the expected rise in renewable energy and in electric vehicles.
Germany Mining News
Chemicals group Johnson Matthey has secured a site in Poland to produce battery materials and signed a 10-year supply deal with Canada's Nemaska Lithium.
The company has secured a second five-year exploration licence in the Erzgebirge (meaning Ore Mountain) region of Saxony, which completely encloses its Zinnwald project.
How much is a tree worth?
"This partnership secures lithium supplies for us and breaks the Chinese monopoly" - Wolfgang Tiefensee economy minister of the German state of Thuringia, an automotive manufacturing hub.
“We believe that clarity, compensation payments, and a relatively long phase-out period should trigger a re-rating for the company’s conventional power generation,” said analyst Guido Hoymann.
German carmaker will invest 870 million euros ($985 million) by 2020 to develop e-vehicle components, including batteries and charging stations.
The German car industry shouldn’t depend on Asian suppliers.
China’s Contemporary Amperex Technology (CATL) plans to produce 60 gigawatt hours by the fifth year of its German plant operations.
Gathering all international key players, it is the mining industry’s leading platform: bauma. For you to stay on top of things. And get down to business. Are you in?
Germany is expected to import 45 million tonnes of hard coal this year, up roughly 1.4 percent from 2018 despite mounting competition from renewable energy.
The Chancellor will use a Tuesday dinner meeting in Berlin to press a panel plotting an exit from the world’s most widely used power-plant fuel.
Prior to this discovery, it was thought that mainly men were allowed to use the blue stone.
The Germany-based fertilizer producer raised production outlook as weather-related production stoppages at one of its plant will be shorter than previously thought.
The company plans to move forward with the plan only once the feasibility study at its Zinnwald project is completed, in the second quarter of next year.
The partners expect to produce up to 40,000 tonnes of lithium hydroxide per year beginning in 2022.
The 150-year-old Prosper-Haniel site — shuts in December.
"This constitutes a first step towards the production of novel electrodes for highly efficient solar cells and lights.”
German automaker is also considering involvement in battery production.
The Germany-based fertilizer producer now forecasts earnings before interest, taxes, depreciation and amortisation (EBITDA) between 570 and 630 million euros, compared with previous forecast of 660 to 740 million euros.
Emden, Hanover and Zwickau will form the largest network for the production of electric vehicles in Europe.
Germany has earmarked 1 billion euros ($1.2 billion) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries.
The move is part of BASF plans to invest up to 400 million euros ($462 million) as a first step in building production plants for cathode materials in Europe.
Global demand for aluminium expected to increase in 2019.
Coal currently feeds about 27% of the world’s energy demand.