Announcement is nothing but good news to battery metals miners, which have seen demand for their mined commodities soar in the past year.
Rare Earth Mining News
The $280-million deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar del Hombre Muerto salt flat in Argentina.
"Poorer life cycle, reduced safety and misrepresented relative cost savings are all major concerns for electric vehicle producers."
But the world's second largest producer said they will remain higher than the average reached last year.
The Browns Range heavy rare earths pilot plant was officially opened late last month and will make Northern Minerals the only significant dysprosium and terbium heavy rare earth producer outside of China.
Kenmare Resources' pretax profit for the first half of the year tripled as it shipped more finished products to China and other Asian markets.
Playbook follows success in the iodine market
China's largest lithium battery maker will produce nickel-rich batteries, which are cheaper to make and have longer life-spans than cobalt-based ones.
Canadian company is focused on unlocking the value of existing large-scale US based lithium bearing brine resources that can be brought into production quickly.
The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.
While lithium and potash are often found in the same deposits and mined together, the increasing number of projects aimed at producing the white metal shouldn’t have an impact in the potash market.
The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.
The value of exports of the metal from Chile, one of the world's top producers of lithium, jumped 51 percent in the first seven months of the year.
Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.
The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.
Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.
Rainbow, the rare earth element mining company, is pleased to announce an operations update from its Gakara Project in Burundi ('Gakara') for the three months to 30 June 2018.
Australian explorer Northern Minerals (ASX: NTU) is set to officially open their Pilot Plant on July 27 which marks a significant milestone in the Company’s goal of becoming the most significant producer of Dysprosium outside of China.
Base Titanium posts record quarterly production of the mineral rutile in Kenya.
Locking in supplies of key battery raw materials lithium and cobalt has been a headache for electric car manufacturers, but these days it’s the supply of nickel and graphite that’s keeping them up at night.
The expansion, on top of a $238 million upgrade due for completion in April, will double the mine’s production to 1.95 million tonnes a year of lithium concentrate a year from 2020.
Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.
Anglo American Platinum kept the dividend tap flowing as it reaps the benefits of a pivot to mechanised mining that has lifted productivity and cut costs.
The $502-million transaction makes the Chinese company Arab Potash's majority shareholder.
It has decided not to go ahead with a proposed $100-million share sale to help it fund the Mexican project.