Nornickel opens EV battery R&D centre

The Japanese government agency can earn up to 51% of the company's Roe Hills tenure in Western Australia.

Australia's largest export iron ore has been particularly hard hit by the slowdown in the Chinese property sector.

Despite its significance as the marketplace where global benchmarks for aluminum, copper and nickel are set, the LME and its warehouse system regularly turn into a playground for traders.

Speaking at the FT Mining Summit, chairman Mark Cutifani said Vale Base Metals could be valued at $40 billion.

The Santiago-based firm is offering a minority stake in its recently formed international lithium division.

Kamoto is one of the largest mines in Congo, exporting 200,000 tonnes of copper and 16,000 tonnes of cobalt in 2023.

Northvolt was supposed to power Europe’s response to the likes of Tesla and China’s fast-growing electric vehicle makers.

The company's technology has raised over $110 million and is backed by investors including General Motors, Eni, and POSCO.  

The company began operating its DLE system on September 17, 2024, and is currently optimizing its field unit.