Rare Earth Mining News

Cobalt's star fades for Glencore traders as customers renege

From riding high on cobalt’s boom, Glencore Plc traders are feeling the heat as falling prices and reneged contracts put a dent in profit.

Congo triples levy on cobalt with strategic-minerals decree

Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt

Congo state miner in production-sharing deal with Chinese firm

Production sharing agreements align the interests of the two partners because the risk now weighs more on the investor than on Gecamines.

Big lithium riches lure first-time miner to Bolivia's salt flat

ACI Systems Alemania employs just 20 people and was created solely to focus on building a lithium mine in Bolivia.

Moody’s sees weak lithium prices in 2020 due to projects frenzy

Spot prices would be pushed down despite rapid demand growth from batteries for electric vehicles (EV) makers, the experts say.

Construction on $4B Indonesia EV battery project begins Jan 2019 – Minister

Looking at its resources, Indonesia will become the main player in lithium batteries.

Lynas Corp's Malaysia plant shut down until 2019

The shutdown of the controversial plant could see the Australian rare earths producer take a A$16 million hit.

Lonmin turns first profit in four years ahead of Sibanye takeover

Lonmin also said on Thursday it expects Sibanye's deal to close early next year, but cautioned that some uncertainty still exists over its completion.

B.C. moves to phase out gas-fired vehicles

By 2030, 30% of all vehicles sold in B.C. will have to be EV or hybrid, and 100% by 2040.

'Passionate' electric car owners to drive growth, Shell says

Social desirability is important enough for consumers to ignore that battery-powered technology is currently more expensive than internal combustion engines.

BHP unveils world-class copper find near Olympic Dam in South Australia

It is already being called by some experts “the thickest high-grade copper intersection seen in years.”

GM unplugs the Volt, but EVs aren’t dead: Liam Denning

Farewell Chevy Volt, we hardly knew ye.

Appia drills high grade TREO at Alces Lake

The property, east of Uranium City, returned 10.02% TREO by weight over 3.55 metres.

Innord to separate rare earths from hybrid and electric vehicle recycling pilot study

Participating in this study opens the door for a potential new supply source through recycling electric motors from the transportation industry in the future.

Chile is taking Albemarle to International Court over lithium prices

The country's state development agency says Albemarle has failed to provide as much as 25% of its annual production at a discount to companies seeking to produce battery metals within Chile, as stipulated in a contract signed in 2016.

Aecon sells contract mining business to North American Construction Group for C$199m

The closing is effective November 23, 2018. 

Mineral Resources signs $1.1B lithium deal with Albemarle

Mineral Resources shares spiked on the news, closing Thursday 26.6% higher at A$15.76.

Silicon eyed as way to boost electric car battery potential

About 500,000 electric vehicles (EVs) were sold globally in 2016, a figure that is expected to jump sevenfold by 2022 - U.S. Energy Information Administration

Global oil demand under growing threat from electric cars, cleaner fuel

Analysis shows oil consumption growing in coming decades, due to rising petrochemicals, trucking and aviation demand but meeting this growth in the near term means that approvals of conventional oil projects need to double.

Mali to produce lithium by 2020 with 694,000 tonnes discovered

Mali joins lithium fray

Volkswagen to spend $50 billion on electric car 'offensive'

German automaker is also considering involvement in battery production.

China plumbs ocean depths to extend its cobalt lead

China, the leading holder of international deep sea exploration licences, increases its lead in the race for alternative sources of battery minerals by taking samples from cobalt-bearing mountains deep in the Pacific.

VW to convert three German plants to build electric cars

Emden, Hanover and Zwickau will form the largest network for the production of electric vehicles in Europe.

Global cobalt glut won't be stemmed by Glencore Congo output stoppage

Disruptions to cobalt supplies in the DRC are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year.

Chilean regulators reject Albemarle's plans to boost lithium output

The applicant does not present the details necessary to rule out significant adverse impacts on the soil, water and air.