Indonesia to set up $2bn EV fund with China’s CATL, CMB International
Indonesia is keen to develop its own EV and battery industries at home, after banning exports of nickel ore to ensure supply for investors since 2020.
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Aris Mining updates PFS for Marmato expansion project in Colombia
The after-tax NPV of the Marmato expansion project comes to $341 million (at a 5% discount rate), with an IRR of nearly 30%.
EnCore Energy shares slide on buying another uranium plant in Texas
The deal gives enCore three of only 11 licensed production facilities in the United States.
Nickel briefly surges by limit as report of blast spooks market
The metal price jumped by its 15% daily limit after an unconfirmed report about a blast at a nickel plant in Indonesia.
Column: Iron ore’s price bounce may be based on more than just China hopes
The price of spot iron ore for delivery to northern China has rallied from a two-year low as some optimism creeps back into the market.
InoBat eyes electric vehicle battery plant in Serbia
Company has said it wants to build a gigafactory in western Europe and one in eastern Europe.
Ghana president sacks junior finance minister over alleged impropriety
A recent expose alleged that the minister had taken bribes from artisanal mine investors in the West African country.
Rail halt is further drag on sliding South African coal exports
Coal exports were forecast to drop to 50 million tons in 2022 from 58 million in 2021.
Novel copper-based material key to safely convert heat into electricity
Researchers are working to replace toxic lead and tellurium in thermoelectric devices.