Battery Metals - Copperbelt Katanga Mining

Value of Battery metals in newly-sold EVs tripled on rampant lithium, nickel prices

March 29, 2023March 29, 2023 Constance

The EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including full battery, plug-in and conventional hybrids) around the world, totalled $26.9 billion in 2022, an increase of 232% compared to the prior year. That figure means as much EV battery metal business was done in 2022 than the combined total of the preceding five years. And that came despite pandemic lockdowns for most of the year in the world’s largest EV market and turmoil in Europe, the world’s no. 2 electric car market,… Read More Here

International Battery Metals Cobalt Copper Nickel

Seafloor Mining lowers Battery metals’ Environmental impact, study finds

March 26, 2023March 26, 2023 Constance

The Metals Company (TMC) on Tuesday 21st of March released the results of a lifecycle assessment of the environmental impacts of the company’s NORI-D Polymetallic Nodule Project carried out by Benchmark Mineral Intelligence. TMC’s project in the Clarion Clipperton Zone (CCZ) in the Eastern Pacific Ocean, between Hawaii and Mexico aims to bring online the planet’s largest undeveloped deposit of battery metals. The nickel, cobalt, manganese and copper are found in potato-sized rock-like nodules The Benchmark study assessed, among others, the global warming potential, acidification, eutrophication, particulate matter formation and… Read More Here

International Battery Metals

Small Scale Miners Strangulated By Lithium Blanket Ban in Zimbabwe

March 22, 2023March 22, 2023 Constance

In an appeal to the govt, the Zimbabwe Miners Federation (ZMF) president Henrietta Rushwaya said the unexpected Statutory Instrument (SI) 5 of 2023 — Base Minerals Export Control (Unbeneficiated Base Mineral Ores), in particular, in the export of raw lithium ore, had grounded miners’ business life. In the appeal, she stated that the unexpected ban has prejudiced standing off-take agreements between miners and international buyers some of whom had taken loans from their respective countries to finance trade in these minerals. Some miners have found themselves stuck with huge stockpiles… Read More Here

International Battery Metals

Global Carmakers now target $515 billion for EVs, batteries

March 22, 2023March 22, 2023 Constance

Global automakers are planning to spend more than half a trillion dollars on electric vehicles and batteries through 2030, according to a Reuters analysis, amping up investments aimed at weaning car buyers away from fossil fuels and meeting increasingly tough decarbonization targets. Less than three years ago, a similar analysis by Reuters found car companies planned to spend $300 billion on EVs and related technologies. But looming zero-carbon mandates in cities such as London and Paris and countries from Norway to China have lent additional urgency to the industry’s EV-related investment commitments. The most… Read More Here

Mining in DRC Battery Metals Contracts & tenders Mining in Zambia

DRC, Zambia, UN, Afreximbank to sign EV Battery precursor SEZ Agreement

March 20, 2023March 20, 2023 Constance

The signing of the Framework Agreement relating to the creation of Special Economic Zones dedicated to the production of precursors for batteries, batteries and electric vehicles between the Democratic Republic of Congo, Zambia, the United Nations Economic Commission for Africa and Afreximbank is scheduled for March 27, 2023 in Kinshasa. This signature will be followed by the launch of a pre-feasibility study. Which study will aim to design an implementation plan and an operational model for the creation and operation of the cross-border SEZ. It will also aim to identify the… Read More Here

Mining in DRC Battery Metals

China’s Lithium Dominance looms as DRC Mining delays continue

March 15, 2023March 15, 2023 Constance

The Democratic Republic of Congo is full of large reserves of lithium in its basement but not yet in a state of exploitation. Australia’s AVZ Mineral has a major lithium mining project in Manono, Tanganyika province, which could start this year after several months of exploration. However, while the global industry swears by the energy transition, lithium, like other metals in electric batteries, is coveted. The United States, China and Australia are seeking to control the market for this very strategic metal for the energy transition. while, having no technology, China’s efforts to… Read More Here

International Battery Metals

Zimbabwe’s ban on Lithium ore Exports triggers Stockpile buildup

March 15, 2023March 15, 2023 Constance

Zimbabwe’s ban on lithium ore exports has resulted in stockpiles of the key battery metal building up in the southern African country. The ban-introduced by the government last December in a bid to encourage local processing of the metal — has resulted in 2 million tons of ore being stockpiled, according to Zimbabwe Miners Federation President Henrietta Rushwaya. Now the industry has asked President Emmerson Mnangagwa to review the ban as it threatens the viability of their operations. “The unexpected ban has prejudiced standing offtake agreements between miners and international buyers,… Read More Here

International Battery Metals

US firm seeks Tanzania’s Lithium reserves

March 15, 2023March 15, 2023 Constance

Following the discovery of lithium deposits south of Mount Kilimanjaro with large enough reserves to make Tanzania a global market leader for the increasingly popular mineral, US company Titan Lithium Inc. is attempting to strengthen its position in Tanzania. This past week, the US-based company released preliminary findings from two separate soil geochemical samplings conducted in two locations that straddled the Kilimanjaro and Arusha regions, indicating high lithium grades up to 2.79 percent lithium oxide. The results were “encouraging enough,” to warrant additional investigation, the Titan Lithium Chairman Harp Sangha… Read More Here

Mining in DRC Battery Metals

DRC rallies Mining Investors in Toronto for Battery Factory project

March 9, 2023March 13, 2023 Constance

The Government of the Democratic Republic of Congo (DRC) continues to mobilize investors around the world to materialize the construction project of the electronic battery factory in the Democratic Republic of Congo (DRC). A strong Congolese delegation from the Congolese Ministry of Industry is taking part in the twenty-first annual seminar on investment and mining in Africa organized by the Canada-Africa Chamber of Commerce. It is in this context that the representative of the Ministry of Industry, the Director General of the Congolese Battery Council (CCB), Denis Lecouturier, invited Canadian… Read More Here

Events & Expos Battery Metals Cobalt Copper International Lithium Nickel

Battery Metal frenzy outshines Recovery fears at PDAC

March 9, 2023March 9, 2023 Constance

Tepid global demand for metals driven by recession fears and China’s weak economic recovery have done little to shake the belief among miners that battery materials are heading for an epic bull run. That was the sentiment of thousands of executives, investors, government officials and bankers who crammed into a conference center in Toronto for the past four days to showcase their assets, network and strike deals. For the event organizer, the Prospectors & Developers Association of Canada gathering highlighted the industry’s push to be part of the solution in… Read More Here