Glencore Plc is planning to halt production at one of the world’s biggest cobalt mines after prices for the battery metal collapsed and costs at the project increased, according to a person familiar with the situation. The announcement that...
Read moreGrowing global demand for batteries that power electric vehicles (EVs) and high tech devices is set to cause a supply crunch of lithium, cobalt and nickel by the mid-2020s, global consultancy Wood Mackenzie predicts. The firm’s latest research...
Read moreAustralian cobalt developer Jervois Mining will take over eCobalt Solutions after shareholders of the Canadian company voted in favour of the deal, Jervois said on Monday. Jervois will acquire eCobalt in a plan of arrangement that values the deal...
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Read moreThe London Metal Exchange (LME) has added cobalt metal produced by Quzhou Huayou Cobalt New Material to its list of approved brands for delivery against its physical contract, the exchange said on Tuesday. Other Chinese companies producing cobalt...
Read moreToronto-based PowerOre has received promising assays from two more drill holes at the Opemiska copper mine complex near Chapais. The location puts the project within Quebec’s Plan Nord. Hole OPM-19-08 returned 0.04% copper, 2.84% zinc, 1.95 g/t...
Read morePower Construction Corp. of China agreed to build two hydroelectric power plants in the Democratic Republic of Congo to help reduce the mining industry’s yawning energy deficit, its local partners said. Metal output in Congo is hampered by a...
Read moreALX Uranium (TSXV: AL) announced that it acquired claims prospective for nickel, copper and cobalt mineralization totaling approximately 7,169 hectares at its Falcon nickel project located in the northern Athabasca region of Saskatchewan. In a...
Read moreCanada’s DeepGreen Metals, a start-up planning to extract cobalt and other battery metals from small rocks covering the seafloor, has secured the bulk of the $150 million it needs to carry out its first feasibility studies. The financing...
Read moreThe U.S. Commerce Department on Tuesday recommended urgent steps to boost domestic production of critical minerals, warning that a halt in Chinese or Russian exports could cause “significant shocks” throughout the U.S. and foreign...
Read moreChina’s grip on the world’s rare earths market is in focus once again amid speculation the dominant producer could choke off supplies as the trade war escalates. But they’re not the only strategic minerals to watch if China’s relations with the...
Read moreFirst Quantum Minerals (TSE: FM) is investigating the possibility of re-starting its idled Ravensthorpe nickel/cobalt operation in Australia, according to UK-based market research firm Roskill. The Vancouver-based company acquired the...
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