Rare Earth and Lithium Mining News

Juniors struggle to compete with majors in exploration — Chile’s Mining Society

One of the main problems, says the head of Chile’s Mining Society, Diego Hernández, is miners have no incentives to do anything with the assets they already own and is very cheap to keep them.

World's largest ever tech fund enters lithium race

Softbank $100 billion fund buys into Canadian lithium miner in first deal of its kind as race to secure electric vehicle battery raw materials heats up.

Future of $700-million Michigan potash project in regulators hands

Michigan Potash Co. is closer than ever to start building a potash mine in the state.

Codelco CEO to stay on after Chile’s new Gov’t reshuffles management

Nelson Pizarro, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in costs, while kicking off a major overhaul of Codelco’s aging mines to deal with dwindling ore grades.

Building the world's largest solar project

Saudi Arabia wants to pour $200 billion into solar to build the world's largest solar project. 

Two risks threaten commodities, one bullish, one bearish: Russell

The are two main factors that appear to be emerging that may threaten an end to the current quite rosy picture surrounding demand for commodities such as iron ore, steel and the metals most exposed to the battery boom, cobalt, lithium and nickel.

Companies now looking for electric battery metals in the garbage

Soaring cobalt and lithium prices are pushing some companies to dig for them in the recycle bin, which some believe could be even more profitable than mining them.

Battery makers descend on Australia, Canada cobalt developers

Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up.

Electric car dreams may be dashed by 2050 on lack of cobalt, lithium supplies

German researchers say cobalt-free battery technologies — including post-lithium technologies based on non-critical elements — are the best way to avoid supply issues in the long term.

Canada’s First Cobalt buys US explorer, creates key supplier outside Congo

The blended company will have projects in Ontario and Idaho which, once in operations, could be major cobalt suppliers for EVs makers and high tech firms.

Chile attempts to block China from prize lithium asset

Chile development agency Corfo has asked antitrust regulators to block the sale of a 32 percent stake in Chilean lithium company SQM to a Chinese firm on the grounds it would give it an unfair advantage in the global race to secure resources to develop electric vehicles.

Over 37% of Bolivia’s population benefiting from the mining sector.

Ross Beaty, Chairman of Pan American Silver and Pablo Guzman, Bolivian Ambassador in Canada, provided opening remarks highlighting the importance of silver mining in Bolivia and positive relations between Canada and Bolivia over the last 12 years.

Scientists closer to producing safer and longer-lasting lithium battery

Using a 3-D layer of polydimethylsiloxane (PDMS), or silicone, reduces dendrite growth, which makes batteries safer and longer-lasting.

Rush for cobalt, lithium as prices stay on the boil

Electric vehicle boom sees number of companies exploring for lithium and cobalt tripling to 188 as budgets balloon according to new report.

Chile to attract $65 billion in mining investments by 2038 — minister

According to minister Aurora Williams, miners with operations in the country currently spend $20 billion on support services a year and figure is set to increase.

SQM talks down lithium oversupply, says market to grow 80% a year

According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a year until 2023.

Zimbabwe has potential to meet 20% of global lithium demand

Zimbabwe is keen to attract investment after Mugabe era and is already Africa's top lithium producer.

South Korea's POSCO buys stake in Aussie lithium producer, signs supply deal

South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year.

The EV future is here and already boosting earnings for miners

“Look at what’s required over the next 50 years, 60 years, and known lithium on the planet, I don’t think it’s as much as everyone understands it to be.”

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Apple in talks to buy cobalt directly from miners — report

Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Toyota to make cheaper electric motors by halving use of rare earths

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.

Battery-technology metals to leave gold, silver in the dust: readers

A whopping two-thirds of MINING.com readers say battery-technology metals will perform better than precious or base metals this year.

Soaring cobalt prices force Samsung SDI to mine metal from old phones

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.