Battery demand to maintain elevated cobalt prices – report

Freeport to expand US copper mines as Biden moves to electrify the nation; Minnesota court hands victory to PolyMet copper-nickel project; Sibanye-Stillwater to invest in European lithium company.

Tesla CEO said that the company is shifting some cars to a type of battery that uses iron instead.

The lithium and borax miner said net loss after tax widened to $29.1 million for the half-year ended Dec. 31, from $18.9 million last year.

Indonesia banned ore exports last year to incentivise foreign investors to help develop a full nickel supply chain in the country.

The Mining Association of Canada says the total 10-year projected value of $82 billion for new projects remains nearly 50% below the 2014 level of $160 billion.

Base and battery metals exploration and development assets in North America that are on investors’ radar screens.

Chinese Foreign Ministry spokesman Zhao Lijian said the measures “will not help solve domestic problems” and only harm global trade.

One person said a chip shortage may have affected the production cutback, which would last until March 7.

Company's recall of nearly 82,000 electric vehicles highlights how costly the shift to the industry’s new frontier can be for all the automakers piling in, both to their balance sheets and their brands.