Tesla’s China surprise big blow for cobalt, nickel price bulls
Top electric carmaker switches to zero-cobalt, nickel batteries for price sensitive Chinese market.
Frik Els
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
Gold price at 7-year high as hedge funds, ETF investors pile in
"With the metal moving higher, despite the headwinds from other markets, it is difficult to see what at this stage can halt or pause the rally."
Gold price surge continues – Citi says next stop $2,000
Gold price builds on rally near 7-year high as forecasts call for all-time record price as soon as 12 months from now.
BHP becomes world’s top copper producer
Output at Chile's state-owned producer Codelco dropped sharply in 2019, giving BHP the edge as the globe's number one producer of the metal.
Copper price & coronavirus: Don’t expect small SARS-like impact
Copper rebounds, but two new reports warn that coronavirus impact could be much greater than SARS: For one, China did not consume 50% of the world's copper in 2003.
Cobalt price rebounds on Beijing stockpiling talk
Battery cobalt prices jump by more than 10% in January – too soon to assess coronavirus impact on China-Congo supply.
Private capital raised for mining falls to 8-year low
New report shows four mining and metals funds together raised a paltry $300m in 2019, not even a tenth of the money flowing into farmland.
Lithium mining shares off to the races
Lithium producers swept up in Tesla enthusiasm with Livent surging 17% and top producers SQM and Albemarle enjoying double digit gains.
Copper price and coronavirus: “Black swan like no other”
Copper price touches lowest since May 2017 on Monday – new report says pandemic could drop industrial metals prices another 26%.
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Gold price surges on pandemic shock to US economy
Gold price up 2% to fresh 7-year high after coronavirus causes first fall in US business activity since 2013 and long term interest rates drop to record low.