Battery Metals - Copperbelt Katanga Mining

China’s dominance a key factor in renewable energy subsidy wars

August 29, 2023August 29, 2023 Constance

One of the primary catalysts for the prevalent global emergence of subsidies within the renewable energy sector stems from the dominance of China, research firm BMI Research operational risk analyst Keaton Fitzpatrick has said. Speaking at a webinar hosted by BMI Research – a Fitch Solutions company – titled ‘Subsidy Wars and The Energy Transition, The Race To Develop Low Carbon Energy Manufacturing’ on August 24, he said China had unequivocally established its preeminence across the global energy supply chain, encompassing vital components of renewable energy, as well as the critical mineral provisions and corresponding market domains. One of the primary catalysts for the prevalent… Read More Here

International Battery Metals

Nigeria’s Ministry of Transportation Plans Electric Car Fleet Acquisition

August 27, 2023August 27, 2023 Constance

Nigeria’s Ministry of Transportation has revealed its ambitious plan to acquire a fleet of electric cars in an effort to improve transportation effectiveness and address rising concerns about fuel costs. This change is anticipated to improve commuter convenience countrywide as well as cut carbon emissions. Sa’idu Alkali, the recently sworn-in Minister of Transportation made the announcement in Abuja after returning to work last week. He claims that the purchase of these cars would help to lower the high transportation costs that have resulted from the removal of fuel subsidies. “The… Read More Here

International Battery Metals Cobalt Mining Personality Nickel

Trafigura metal executive Grenfell exits as unit pressure grows

August 25, 2023August 25, 2023 Constance

Trafigura Group’s head of metals business development is leaving, the latest sign of the pressure facing the commodity trader’s metals unit even as the company as a whole notches up record profits. Simon Grenfell is leaving Trafigura after just over three and a half years in the role, according to his LinkedIn profile. The company has appointed Matthew Hadfield as its new global head of business development for metals, said a person familiar with the matter, who asked not to be identified as the information is private. Trafigura’s metals business,… Read More Here

Mining in DRC Battery Metals Cobalt Copper Mining in Zambia Partnership

Insights from U.S.-DRC-Zambia EV Battery Deal on New U.S. Africa Approach

August 25, 2023August 25, 2023 Constance

The U.S.-DRC-Zambia memorandum of understanding demonstrates how the United States aims to counter China and bolster its clean energy supply chains by deepening ties with African nations. Yet how distinct is the U.S. approach from the Chinese approach to such deals? In December 2022, at a sideline event during the U.S.-Africa Leaders Summit in Washington, the United States signed a trilateral memorandum of understanding (MOU) with the Democratic Republic of the Congo (DRC) and Zambia for the development of an integrated value chain for the production of electric vehicles (EV) batteries. This… Read More Here

Mining in Zambia Battery Metals Copper Equipment & Technology

Chililabombwe’s MINGOMBA Mine Spurs Impressive Job Growth and Technological Advances in Zambia’s Mining Sector

August 23, 2023August 23, 2023 Constance

The MINGOMBA Mine in Chililabombwe on the Copperbelt has achieved a significant milestone by generating a total of 250 job opportunities. KoBOLD Metals’ Chief Executive Officer and Co-founder, KURT HOUSE, has underscored the project’s prominence, hailing it as the most progressive endeavor in Zambia’s mining sector. Mr. HOUSE’s emphasis remains on the swift and responsible advancement of the mine. He elaborated that the investors are committed to expediting the mine’s development while adhering to sustainable practices. The abundance of valuable resources within the Zambian mine necessitates substantial investments to optimize… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Economy Lithium

KoBold Metals’ Project Poised to Boost Zambia’s Growth and Global Sustainability

August 23, 2023August 23, 2023 Constance

In a recent interview, KoBold Metals’ co-founder and President Josh Goldman shed light on the significant contribution that KoBold’s project is set to make to Zambia’s economic growth and the global shift towards sustainable resource development. The conversation delved into Zambia’s mineral-rich landscape, its commitment to sustainable practices, and the unique opportunities that KoBold’s innovative technology presents. The transition to a low carbon economy hinges on critical metals like copper, cobalt, nickel, and lithium. These metals are essential for renewable energy technologies, electric vehicles, and other green innovations. Zambia, blessed… Read More Here

Mining in Zambia Battery Metals Copper

US Firm Commits Billions to Establish Mineral Refineries in Zambia

August 13, 2023August 13, 2023 Constance

A prominent American corporation, Critical Resources Development, has unveiled ambitious plans to invest a substantial sum exceeding ten billion US dollars in the establishment of three advanced mineral and Rare Earth element refineries within Zambia. These state-of-the-art refineries are slated to be strategically positioned within Multi-Facility Economic Zones situated across the Copperbelt region’s central and northern provinces. In a recent interaction with local traditional leaders from the Copperbelt area, the President of Critical Resources Development, Chris Robinson, articulated the company’s commitment to generating significant economic opportunities. Robinson highlighted that the… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Energy Partnership

UK and Zambia Forge $3.7bn Clean Energy and Mineral Partnership

August 6, 2023August 6, 2023 Constance

The British Government has agreed a partnership with Zambia covering clean energy and critical mineral supply worth more than $3.7bn (£2.91bn). Under the clean energy and green investment partnership, the UK will aim to generate $3.1bn of private sector investment for the Zambian mining and renewable energy industries. A further $600m of funding will come in the form of UK Government-backed investments. Approximately 70% of Zambia’s export earnings come from mining. In 2022, Zambia was the world’s eighth-largest copper producer, and second in Africa. In the same year, it was also the world’s 13th-largest… Read More Here

Copper Battery Metals International

US Department of Energy Includes Copper in the List of Critical Minerals

August 6, 2023August 6, 2023 Constance

The U.S. Department of Energy (DOE) officially added copper to its list of critical materials last week, marking the first time a U.S. government agency has included copper on one of its official “critical” lists. like the European Union, Japan, India, Canada and China. The Critical Materials Assessment 2023, which rated materials based on their criticality to global clean energy technology supply chains, focuses on key materials at high risk of supply disruption that are part of integral part of clean energy technologies. The DOE Critical Materials List will inform… Read More Here

Mining in Zambia Battery Metals Cobalt Copper Diamond Lithium

Divergent Policies in Zambia and Zimbabwe: Critical Minerals to Rescue?

July 31, 2023July 31, 2023 Constance

In late 2022, Lake Kariba, the world’s largest dam reservoir, experienced record-low water levels, leading Zimbabwe to halt electricity generation at the Kariba Dam’s South Power Station, while neighboring Zambia faced water rationing during an economic crisis. Both countries possess significant mineral reserves that could contribute to global energy transitions. However, they are grappling with climatological shifts that are destabilizing Southern African states, with floods, droughts, and cyclones becoming frequent and devastating events. The reliance on hydropower, which constitutes over 20 percent of the region’s energy mix, makes the impact… Read More Here