A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.
Nickel Mining News
Global demand for nickel is increasing by 7.3 percent in 2018 from last year to 2.298 million tonnes, while supply rises 6.8 percent to 2.210 m tonnes,
No surprise who the winner is.
Transiting Voisey's Bay nickel mine from open-pit operations to underground will cost about $2 billion, and is expected to extend its productive life to 2035.
Government and company officials told CBC News that a "significant" mining announcement would take place on Monday.
The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.
Lithium, copper and nickel.
The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit.
Even best-case, mass early roll-out of new cobalt-light batteries won’t solve cobalt supply issues says new report.
More hires are expected as brokers eye opportunities from China’s mainland exchanges opening to investors abroad.
Shandong Xinhai has annual nickel pig iron production capacity of around 1.2 million tonnes.
Up 75% in a year battery producers stock up on high grade exchange-held metal in anticipation of electric vehicle boom.
RNC announced today that it has entered into a US$13 million bridge financing facility with Auramet.
The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.
Worldwide there are over 30,000 exploration projects.
It will expand to include more commodities, including zinc, lead, nickel, tin and silver, in the next step.
McKinsey asks if the availability and rising prices of cobalt, lithium, copper and nickel will constrain greater electric vehicle penetration.
However, the Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 8% in the three months to March 2018.
The Association of Mineworkers and Construction Union (AMCU) said the company failed to take precautions two avoid injuries at its mines earlier this week.
Company confirmed is in talks to sell its stake in the world’s second largest copper mine to Indonesia’s Inalum.
The transaction is the world's first cobalt-nickel streaming deal on a producing mine, Cobalt 27 said in a statement.
Nickel prices to ease off after reaching a three-year high in April.
MINING.com discusses the state of private equity investment in mining with Michael Scherb founder of Appian Capital.
Tanzania is seeking a bigger slice of the pie from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector.
Recent data released by the Northern Australian Geochemical Survey reveal that there are potential copper hotspots on the Queensland-Northern Territory border.