Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.
Lithium Mining News
The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.
Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit in Argentina.
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.
A whopping two-thirds of MINING.com readers say battery-technology metals will perform better than precious or base metals this year.
The administration wants to identify new domestic sources of critical minerals and increase domestic exploration, mining and recycling.
Sweden will step up efforts to find precious minerals such as cobalt and lithium, key battery components that are in demand among makers of EVs.
As of Dec. 31, the firm owned 1.2 million American depositary receipts in SQM, one of the world’s largest lithium producers.
Without changing the way it operates, the Canadian miner now wants to set foot in the world’s second lithium producing country.
The firm is also trying to halve use of cobalt in batteries from around 20% by raising the proportion of nickel, and it will start researching on development of nearly cobalt-free batteries.
"The aim is to secure the supply all the way down to the level of the mine, for 10 years."
Robert Friedland, founder and executive chairman of Ivanhoe Mines, said he would be happy to pay higher taxes if there is stability in Congo's rules and transparency in the accounting of those royalties.
Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.
Chile is an obvious place for Tesla's chief executive, Elon Musk, to look for secure supply, as the global lithium mother-lode is in the brine lakes of the country's Atacama desert.
Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.
With metals from zinc to palladium trading at multi-year highs, four of the world’s top producers generated combined free cash flow last year of about $87 million a day.
Rio’s renewed interest in SQM is welcome by the Chilean government, which had expressed concerns about a potential and dangerous concentration in the market should major lithium producers, such as China’s Tianqi, acquire the 32% interest in SQM.
Here are five metals grabbing attention across the continent.
Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.
Tesla and SQM were exploring opportunities after Tesla expressed interest in buying "important volumes" of lithium hydroxide from SQM.
A metal that’s in demand for batteries is surging, and it’s not the one everyone’s talking about.
At least seven holes totalling 1500 metres are planned at the Ontario-based project.
The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.
Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.
The deal frees the miner to apply for increase in production quota amid demand boom and surging prices for lithium, which is used in EV batteries.