BloombergNEF ups battery demand forecast
Battery metals prices have seen a strong recovery in the first half of 2021, and in its H1 Battery Metals Outlook report, which forecasts demand to 2030, BloombergNEF projects markets…
cobalt
Report outlines what Canada must do to secure supply of critical minerals
The Standing Committee on Natural Resources has presented a report before Canada’s House of Commons that stresses the importance of securing a supply of critical minerals, particularly in the face of China’s…
Wood Mackenzie boosts battery metals expertise with Roskill buy
Wood Mackenzie announced on Friday it had acquired Roskill, a privately-owned company and leader in metals and materials supply chain intelligence, boosting the consultancy’s expertise in energy transition. Neal Anderson,…
Voisey’s Bay underground expansion delivers first ore
June 11 marked the milestone first production of ore from the underground expansion project at the Voisey’s Bay nickel-cobalt mine owned by Vale (NYSE: VALE). The mine is located on…
DRC concentrate export ban may tighten global copper, cobalt supply
The Democratic Republic of Congo has reinstated an export ban on copper and cobalt concentrates, but will allow mining companies that hold waivers to continue with shipments. The DRC, the…
First Cobalt more than doubles holdings in Idaho
It has added Phoenix Copper’s Redcastle asset to its Iron Creek cobalt project through an earn-in agreement for 224 hectares of property, expanding its land position to over 1,820 hectares.
Glencore leads miners group in cobalt blockchain pilot
Mining and commodities trader Glencore (LSE: GLEN) has joined forces with battery material supplier Umicore and other major miners to trace the cobalt they produce using blockchain technology. The group,…
First Quantum sells 30% stake in Ravensthorpe to POSCO for US$240M
First Quantum Minerals (TSX: FM) is selling a 30% stake in its Ravensthorpe nickel operation in Western Australia to South Korean steel giant POSCO for US$240 million. The funds will…
Canada has “right ingredients” to be EV battery leader
Canada has a “once-in-generation” opportunity to establish itself as a major player in the global battery sector, but it needs to act fast to seize the opportunity, a new report reflecting the…
TSX Venture down, May 10-14
The S&P/TSX Venture Composite Index fell 2.47% to finish the trading week at 931.38. Spot gold increased by US$13.20 per oz., or 0.72%, to US$1,843.90 per ounce. Filo Mining jumped $3.57…
Chinese EV makers may be looking at western markets, CRU report says
China, the country leading global sales of new energy vehicles (NEVs), not only will maintain its market position accounting for half of all expected global NEV during the next decade,…
Commodities that will rule the green, digital transition
A new report by Fitch Solutions forecasts that some ‘conventional’ commodities will receive an added boost in the next 20 years as they take a central stage in the green…