Battery Metals - Copperbelt Katanga Mining

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

August 10, 2022August 10, 2022 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?

July 17, 2022July 17, 2022 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

International Battery Metals Copper

Copper Is the New Gold That Will Start the Next War

July 17, 2022July 17, 2022 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

Battery Metals Lithium Mining in DRC New Mining Projects

AVZ extends share suspension

July 15, 2022July 15, 2022 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

Battery Metals International Mining technology

Tesla pulled levers on pricing and cost during a tough quarter

July 7, 2022July 7, 2022 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

Battery Metals Mining in DRC

Belgium ready to support the project to install a precursor electric battery factory in Haut-Katanga, DRC

June 30, 2022June 30, 2022 admin

The Congolese Minister of Industry, Julien Paluku Kahongya, and the Honorary President of the Federal Parliament of Belgium, current Minister of State, André Flahaut, exchanged, on Monday June 27, 2022, in Kinshasa, on the will of the Kingdom of Belgium through its companies to support the DRC in the installation of a precursor electric battery factory in the province of Haut-Katanga. This desire is indeed manifested in the context of the establishment of Special Economic Zones (SEZs). “My visit to Kinshasa falls within the framework of the extension of all… Read More Here

Battery Metals Lithium Mining in DRC

Electric battery industry to generate about 168 billion USD by 2030

May 30, 2022May 30, 2022 admin1 Comment

In a report released a few hours ago, Global Data reports that battery industry revenue is expected to exceed US$168 billion by 2030, registering a compound annual growth rate (CAGR) by 14%. The report states that the market will be driven up by sales of lithium-ion batteries. According to Global Data analyst Michael Orme, it is the Chinese battery manufacturer CATL that today symbolizes this dominance. “ CATL rose from almost nothing five years ago to capture more than 30% of the global market, which is twice the share of the… Read More Here

Battery Metals International Lithium

6.6 million electric cars sold in 2021, tensions over raw materials are the risk factors for this sector

May 24, 2022April 6, 2026 admin

Despite its undeniable rise in the automotive market in recent years, the electric car automotive industry will face several risks related to the supply of raw materials. According to a report by the International Energy Agency (IEA), lithium needs are particularly critical. They are expected to increase sixfold by 2030, to 500 kilotonnes, requiring the opening of 50 new mines. These minerals are extracted mainly in countries such as Australia, Chile or the Democratic Republic of Congo, considered as the new destination for this market. But China produces three-quarters of lithium-ion… Read More Here

Mining in DRC Battery Metals International Lithium

Chinese, Australian investors battle for largest lithium deposit

May 24, 2022May 26, 2022 admin

Australia’s AVZ Minerals Ltd. is battling to retain control of what is potentially the world’s largest untapped lithium deposit amid ownership claims from Chinese investors, according to Boatman Capital. AVZ’s interest in the Manono lithium project in the Democratic Republic of Congo could fall to 36% from 75%, London-based short-seller Boatman said in a research report on Friday. That may follow its planned sale of a 24% stake this month and a flurry of lawsuits from companies, including Zijin Mining Group Co., claiming ownership, documents published by Boatman show. “At best,… Read More Here

Battery Metals Mining in DRC

Julien Paluku describes project to install a pilot plant in the DRC for precursors of electric batteries in Switzerland

May 19, 2022May 19, 2022 admin

The Democratic Republic of Congo was represented by the Minister of Industry Julien Paluku, at the conference on cobalt organized on Tuesday by the firm Cobalt Institute in Zurich, Switzerland. In his speech to Swiss investors, the Congolese minister presented the ongoing project to install a pilot plant for electric battery precursors in Lubumbashi, in the province of Haut-Katanga. This is within the framework of the development of a regional value chain for electric vehicles and batteries as well as clean energies. Julien Paluku, referring to a study conducted by Bloomberg,… Read More Here