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Category: Battery Metals

Piedmont Lithium Appoints Dawne Hickton to Board of Directors 1 International Battery Metals Lithium Mining Personality 

Piedmont Lithium Appoints Dawne Hickton to Board of Directors

Constance
Piedmont Lithium, a North America-focused company listed on the ASX, announced the appointment of Dawne Hickton to its board of directors. Hickton, known for her leadership roles in aerospace, energy, and metals industries, brings extensive manufacturing expertise to further diversify the board’s executive guidance. President and CEO Keith Phillips praised Hickton’s transformative leadership and cross-industry experience, highlighting her track record in steering organizations through periods of growth. Piedmont aims to emerge as a major lithium hydroxide producer in North America by processing spodumene concentrate from its assets. These include the… Read More Here
EU grants final approval to Critical Raw Minerals Act 2 International Battery Metals 

EU grants final approval to Critical Raw Minerals Act

Constance
The EU Council has given final approval to its Critical Raw Materials Act (CRMA) as it looks to diversify away from Chinese supply chain dominance. Final approval is the last stage in the process to formally implement the act. The final text, officially adopted on Monday, identifies two lists of materials 34 critical and 17 strategic – that are crucial for the green and digital transitions, as well as the defence and space industries, the Council said in a press statement. The act, first proposed at the end of 2022… Read More Here
Western Interest Grows in Congolese Minerals as China Strengthens Ties 3 Mining in DRC Battery Metals Cobalt Lithium 

Western Interest Grows in Congolese Minerals as China Strengthens Ties

Constance
In recent years, Western nations, particularly the European Union and the United States, have shown a heightened interest in the abundant reserves of cobalt and lithium present in the Democratic Republic of Congo (DRC). Recognizing the DRC’s significance in the global energy transition, these Western powers have intensified efforts to reduce reliance on China for critical mineral supplies, leading to a strategic repositioning in the region. This renewed focus prompted the DRC to seek a renegotiation of its 2008 agreement with the Chinese Enterprise Group, aiming for more favorable terms.… Read More Here
Goldman Sachs Forecasts Declines in Key Energy Transition Minerals (Study) 4 Battery Metals Cobalt Lithium Nickel 

Goldman Sachs Forecasts Declines in Key Energy Transition Minerals (Study)

Constance
Goldman Sachs, an American investment bank, forecasts significant declines in the prices of cobalt, nickel, and lithium over the next twelve months, driven by weakening demand from the electric vehicle industry in Western countries and oversupply. Despite already experiencing substantial drops—60% for nickel, 80% for lithium, and 65% for cobalt—from their peak levels, analysts at the Wall Street bank caution against premature optimism regarding the end of this downward trend. Over the coming year, Goldman analysts anticipate price decreases of 12% for cobalt, 15% for nickel, and 25% for lithium… Read More Here
US Turns to Africa to Diversify Battery Metal Supply Chains 5 Cobalt Battery Metals Copper Lithium 

US Turns to Africa to Diversify Battery Metal Supply Chains

Constance
The United States is seeking to Africa to reduce reliance on Chinese-controlled battery metals and diminish Russia’s influence on mineral markets, US Deputy Treasury Secretary Wally Adeyemo stated on Thursday. In light of the pandemic and geopolitical tensions, Western nations are striving to decrease dependency on Chinese supply chains and disentangle their economies from Russia. As the US advances its energy transition agenda, it aims to catch up with China’s decade-long efforts to secure access to minerals crucial for electric vehicle batteries and solar panels. “We don’t want to overly… Read More Here
DRC Grants $3.5M to Buenassa for Copper-Cobalt Plant 6 Mining in DRC Battery Metals Cobalt Copper Mining Projects 

DRC Grants $3.5M to Buenassa for Copper-Cobalt Plant

Constance
Buenassa SARL has been granted $3.5 million by the Democratic Republic of Congo’s Industry Promotion Fund to facilitate the establishment of a copper and cobalt refinery in Lualaba province. The company announced this development in a recent press release. The funding, allocated by the Industry Minister Julien Paluku, is intended to kickstart the project aimed at bridging the gap between mining and the production of battery precursors. The initial focus will be on conducting studies, with production slated to commence in 2027. Buenassa SARL has set ambitious targets of producing… Read More Here
KoBold Metals Leads the Charge in Mineral Exploration for Energy Transition 7 Mining in Zambia Battery Metals Cobalt Copper Exploration Lithium 

KoBold Metals Leads the Charge in Mineral Exploration for Energy Transition

Constance
KoBold Metals, a pioneering mining startup with backing from industry giants like Bill Gates and Jeff Bezos, is optimistic about its prospects in uncovering crucial metals vital for the energy transition. The company’s enthusiasm surged following its recent breakthrough discovery of a substantial copper deposit in Zambia. According to Josh Goldman, KoBold Metals’ president, this find marks a significant milestone, especially amid the mining industry’s struggle to meet the growing demand for metals essential to the energy transition. Utilizing artificial intelligence to create a “treasure map,” KoBold Metals focuses on… Read More Here
Market Forecast: Cobalt, Nickel, and Lithium Prices to Decline by December 2024 8 International Battery Metals Cobalt Lithium Nickel 

Market Forecast: Cobalt, Nickel, and Lithium Prices to Decline by December 2024

Constance
Goldman Sachs Predicts Drop in Key Minerals for Energy Transition Goldman Sachs, renowned for its market analysis, foresees a downturn in cobalt, nickel, and lithium prices by December 2024, essential minerals for the energy transition. Analysts attributed this projected decline to decreasing demand from the electric vehicle industry in Western nations. According to Goldman’s forecast estimates, cobalt prices are expected to decrease by 12%, nickel by 15%, and lithium by 25% over the next twelve months. The bank’s analysts emphasized that despite supply constraints in late 2023 due to margin… Read More Here
Federal Court Clears Tech Giants of DRC Cobalt Child Labor Accusations 9 Mining in DRC Battery Metals Cobalt 

Federal Court Clears Tech Giants of DRC Cobalt Child Labor Accusations

Constance
A federal appeals court has dismissed a case accusing major technology companies, including Alphabet, Apple, Dell Technologies, Microsoft, and Tesla, of complicity in child labor practices within cobalt mining operations in the Democratic Republic of the Congo (DRC). Sixteen plaintiffs, representing children allegedly affected by cobalt mining, brought the case to court. The U.S. Court of Appeals for the District of Columbia ruled in favor of the technology companies, stating that their purchasing of cobalt did not constitute direct involvement in the use of child labor, as outlined in federal… Read More Here
Enterprise Mine in Zambia Targets 20,000 Tonnes of Nickel Production 10 Mining in Zambia Battery Metals Mining Projects Nickel 

Enterprise Mine in Zambia Targets 20,000 Tonnes of Nickel Production

Constance
Enterprise Mine, a nickel-producing operation managed by Trident Limited in Kalumbila District, Zambia’s North Western Province, is targeting a production of approximately 20,000 tonnes of nickel this year. According to Junior Keyser, Outgoing General Manager of Trident Limited, the mine is fully operational and currently employs around 750 contractors and 250 direct employees. Keyser notes that the enterprise is currently generating about 1,000 tonnes of final product nickel per month as production continues to increase at its plant. He emphasizes the mine’s intention to capitalize on the high demand for… Read More Here

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