Rare Earth Mining News

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.

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Why Tesla is turning to Chile for its lithium: Andy Home

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.

Zimbabwe to enter lithium market with $1.4bn mine

Country is backing Prospect Resources’ (ASX:PSC) Arcadia lithium project, expected to generate that much revenue over eight years.

Pile-of-cash dilemma for mining industry once crippled by slump

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 Tinto back in race for stake in world’s largest lithium miner

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.

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

Electric cars and niche metals lure cash to Africa's mines

Here are five metals grabbing attention across the continent.

These are top-10 global mining trends expected for 2018

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.