Glencore to shutter giant cobalt and copper mine in Congo

Glencore to shutter giant cobalt and copper mine in Congo

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...

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Cobalt, nickel, other battery metals face supply crunch by 2020s — report

Cobalt, nickel, other battery metals face supply crunch by 2020s — report

Growing 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...

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Jervois Mining takes over Canada’s Ecobalt, shares jump

Jervois Mining takes over Canada’s Ecobalt, shares jump

Australian 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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China News Weekly 119 – London Metal Exchange adds Huayou’s cobalt to its approved list

China News Weekly 119 – London Metal Exchange adds Huayou’s cobalt to its approved list

Click here to find more details This is NAI’s new China News Weekly. We will be covering the latest Chinese foreign investment trends every week. To continue to receive our China News Weekly, please click the button below to subscribe.

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London Metal Exchange adds Huayou’s cobalt to its approved list

London Metal Exchange adds Huayou’s cobalt to its approved list

The 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...

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Power Ore intersects 0.29% CuEq over 295 m at Opemiska

Power Ore intersects 0.29% CuEq over 295 m at Opemiska

Toronto-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...

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PowerChina to build two hydro-power plants in Congo, partners say

PowerChina to build two hydro-power plants in Congo, partners say

Power 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...

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ALX acquires nickel, copper, cobalt claims in Saskatchewan

ALX acquires nickel, copper, cobalt claims in Saskatchewan

ALX 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...

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DeepGreen closer to mining battery metals from the sea after $150m injection

DeepGreen closer to mining battery metals from the sea after $150m injection

Canada’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...

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US report urges steps to reduce reliance on foreign critical minerals

US report urges steps to reduce reliance on foreign critical minerals

The 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...

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China’s sway over tech metals under scrutiny after Huawei swoop

China’s sway over tech metals under scrutiny after Huawei swoop

China’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...

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