US markets mixed, March 29-April 1
The Dow Jones Industrial Average rose 0.24% to finish the week at 33,153.21 and the S&P 500 fell 0.77% to 3,913.10. Spot gold dropped US$3 per oz., or 0.17%, to US$1,730.30…
cobalt
Battery metals snapshot: Eight companies developing critical metals for the future
As the world moves away from fossil fuels, battery metals are in high demand, especially with a shortage of supply from low-geopolitical risk jurisdictions. For instance, earlier this year, Canada…
UEX hits high-grade cobalt-nickel mineralisation at West Bear
UEX (TSX: UEX; US-OTC: UEXCF) has reported drill results from the Michael Lake zone on its 100%-owned West Bear cobalt-nickel deposit in the eastern Athabasca basin of Saskatchewan, about 740 km…
Congo launches state-owned cobalt miner
The Democratic Republic of the Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the…
Vale sells New Caledonia nickel assets to Trafigura
Vale (NYSE: VALE) has concluded the sale of its nickel and cobalt operations in New Caledonia, a French territory in the Pacific, to a consortium called Prony, which includes commodity…
First Cobalt secures five-year cobalt sulphate offtake contract
As First Cobalt (TSXV: FCC; US-OTC: FTSSF) readies for a restart of its Ontario refinery next year, the company has announced a five-year offtake agreement with London-based metals trader Stratton…
Canada needs to work toward gaining leadership in the EV revolution, Roskill report states
An analysis by Roskill states that Canada’s access to key battery raw materials gives the country an advantage when it comes to cell and module production.
Talon’s Tamarack could become the only high-grade nickel mine in the U.S., the company says
Within the next few years, Talon Metals’(TSX: TLO) Tamarack nickel-copper-cobalt project in Minnesota, 210 km north of Minneapolis and 89 km west of Duluth, could be the only source of high-grade…
Top five EV makers responsible for 50% of cobalt deployed in 2020
In 2020, a total of 18,750 tonnes of cobalt were consumed in the batteries of newly-sold passenger EVs globally, an increase of 29% year-over-year, a new report by Adamas Intelligence…
Wheaton enjoys record 2020 revenue of $1.1B
Wheaton Precious Metals enjoyed record 2020 revenues of $1.1 billion (all figures are U.S. dollars) with 627,063 oz. gold-equivalent sold. The figure includes sales of 367,419 oz. gold, 22,9 million…
Europe lagging behind in battery metals production – report
According to Aperio Intelligence, Europe’s own supply is unlikely to meet the demand driven by the e-mobility sector by 2025.
Wolfden begins drilling at high grade Rice Island polymetallic property
Wolfden Resources (TSXV:WLF) has begun a 2,300-metre, six-to-eight hole diamond drilling program at its 100%-owned Rice Island nickel-copper-cobalt-platinum group deposit near Snow Lake, Man. The work is being done with…