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Category: Battery Metals

ECA welcomes the progress made in the implementation of the first electric battery manufacturing plant in Africa 1 Mining in DRC Battery Metals 

ECA welcomes the progress made in the implementation of the first electric battery manufacturing plant in Africa

arnbethnic
The DRC and the United Nations Economic Commission for Africa (ECA) are keen to speed up the operationalization of the cross-border Special Economic Zone where the first manufacturing plant for electric battery precursors will be installed. The issue was at the centre of a high-level meeting on Wednesday (October 5th) at ECA headquarters in Addis Ababa, Ethiopia. On this occasion, it was a question of evaluating the process of creating a regional value chain with the installation of the first manufacturing plant for electric battery precursors in the province of… Read More Here
The DRC's decree of creating the Congolese Battery Council has been adopted 2 Mining in DRC Battery Metals 

The DRC’s decree of creating the Congolese Battery Council has been adopted

Copperbelt Katanga News
The government of the Democratic Republic of Congo will be equipped in the coming days with a new public establishment called the Congolese Battery Council (CCB). The draft decree on the creation, organization and operation of this public institution was adopted at the 71st meeting of the Council of Ministers. Presented by the Ministry of Industry, Julien Paluku, who pointed out that the Congolese Battery Council is the technical structure supposed to follow and evaluate the materialization of the commitments of the President of the Republic within the framework of the… Read More Here
Zimbabwe announces $2.83 billion deal to locally process several metals, including lithium 3 Lithium Battery Metals International 

Zimbabwe announces $2.83 billion deal to locally process several metals, including lithium

arnbethnic
Zimbabwe is currently the only African country to produce lithium. While Namibia, DRC, Ghana or Mali are preparing to join it, Harare is already exploring other ways to better take advantage of this resource. In Harare on Friday, September 16, the government of Zimbabwe initialed a $2.83 billion memorandum of understanding with Chinese companies Eagle Canyon International Group and Pacific Goal Investment Ltd. The tripartite partnership concerns the construction in the southern African country of an industrial complex spread over 5,000 hectares intended to locally transform several metals including lithium. According to… Read More Here
South Africa urged to consider its contribution to the global battery value chain 4 Battery Metals 

South Africa urged to consider its contribution to the global battery value chain

admin
Batteries are fast becoming the core of modern energy systems and more sustainable economies, underpinning the implementation of smart grids and minigrids, while fostering the rollout of renewable energy and e-mobility, and yet, South Africa’s involvement in the battery value chain remains limited. Trade and Industrial Policy Strategies chief economist Gaylor Montmasson-Clair questions whether South Africa will be an importer of batteries only, or if it will manage to become a part of the value chain. He explains that lithium-ion battery (LIB) cells consist largely of four components: a cathode that determines capacity and average voltage of a battery; the anode that comprises the negative… Read More Here
Tesla’s battery metals bill balloons to $100 billion 5 Battery Metals International 

Tesla’s battery metals bill balloons to $100 billion

admin
Elon Musk had plenty of advice for the mining and metals industry at the company’s Battery Day event in September 2020, where the road map to a $25,000 Tesla was laid out. A couple of days after the event Musk confirmed in a tweet that Tesla will reach production of 20 million vehicles per year “probably before 2030.”   Tesla has been ramping up output at an impressive pace despite lockdowns and power problems in China and a late start in Germany, but the scale of the task is put into perspective by Musk’s proud… Read More Here
Tesla signs $5bn nickel products supply contracts with Indonesian firms 6 Battery Metals International 

Tesla signs $5bn nickel products supply contracts with Indonesian firms

admin
Indonesia has been looking to attract investments from Tesla and boost domestic development of electric vehicles and batteries. US-based Tesla has reached contracts, valued at nearly $5bn, to purchase battery materials from Indonesian nickel processing companies, reported  Reuters citing a senior cabinet minister as saying to CNBC Indonesia. Claiming to hold major nickel reserves, Indonesia has been looking to attract investments from US electric vehicle maker Tesla. Indonesian Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan was cited by the news agency as saying in an interview broadcast: “We are still… Read More Here
Cominière, Dathomir, Zijin, AVZ Minerals, Dathcom Mining: What is happening concretely? 7 Mining in DRC Battery Metals Lithium 

Cominière, Dathomir, Zijin, AVZ Minerals, Dathcom Mining: What is happening concretely?

arnbethnic
In an interview conducted by the editorial staff of MNM with the law firm Momentum, the authorities of AVZ gave answers to understand the reasons for the agitation and gluttonous appetite around Manono’s lithium since the validation of the ‘Final feasibility study made by AVZ Minerals. Below is the full interview. MNM: Did the start of the agreements between Dathomir and Cominière date from 2017? Was it AVZ who had created Dathomir and proceeded to draft the Joint-Venture contract according to the declarations of the Cominière company to certain activists from… Read More Here
Copper Is the New Gold That Will Start the Next War 8 International Battery Metals Copper 

Copper Is the New Gold That Will Start the Next War

arnbethnic
Raw materials shortages are the most important barrier to accelerating the electrification trend. The price of lithium, nickel, and cobalt has skyrocketed in the past years due to increased demand. But there’s another material crucial for an electric world economy that threatens to derail our ambitious plans for zero-emission transportation. You might not consider it essential, but copper is in almost everything that works on electricity. This includes electric vehicles, green energy generation, distribution, and storage. And with the energy transition from fossil fuels to renewables and electricity, copper will become… Read More Here
AVZ extends share suspension 9 Battery Metals Lithium Mining in DRC New Mining Projects 

AVZ extends share suspension

admin
Lithium hopeful AVZ Minerals on Friday extended the voluntary suspension of its share trade on the ASX as it still awaits the grant of a mining licence for its Manono lithium and tin project, in the Democratic Republic of Congo (DRC). AVZ in early May announced that the DRC Minister of Mines had signed a ministerial decree to award the mining licence to Dathcom Mining SA, in which AVZ holds a 75% interest. The mining licence was expected to be issued after the payment of surface  rights fees. However, by May 11, AVZ had requested a suspension of… Read More Here
Tesla pulled levers on pricing and cost during a tough quarter 10 Battery Metals International Mining technology 

Tesla pulled levers on pricing and cost during a tough quarter

admin
It began with a bang — a huge party celebrating the opening of its newest plant in Austin, Texas — but Tesla’s second quarter didn’t stay ebullient. As battery material costs soared and its most productive plant shut down for weeks amid Shanghai’s Covid outbreak, Chief Executive Officer Elon Musk took several steps to buoy revenue and rein in expenses: raising prices, pausing hiring and cutting jobs. Tesla was unable to “pull a rabbit out of a hat,” as Musk put it during the last earnings call in April. While… Read More Here

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