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Category: Battery Metals

Electric vehicle market will help double global demand for cobalt by 2025 (Glencore) 1 Battery Metals Cobalt Mining in DRC 

Electric vehicle market will help double global demand for cobalt by 2025 (Glencore)

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Electric vehicles are one of the most popular ways around the world to reduce the carbon footprint of transport. The boom in this sector will logically increase the demand for cobalt, a metal used for the production of batteries for these vehicles. The world market for cobalt is expected to grow from an annual demand of 120 to 130,000 tonnes currently, to a demand of 240 to 260,000 tonnes by 2025. At least that is what Mining Weekly reports, quoting David Brocas, manager. of cobalt trading at the Swiss giant Glencore.… Read More Here
AVZ Minerals: Moving forward to development of its DRC lithium project 2 Mining in DRC Battery Metals Lithium 

AVZ Minerals: Moving forward to development of its DRC lithium project

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With lithium supply expected to enter a deficit within the next few years owing to increased demand from the burgeoning electric vehicle sector, where lithium-ion batteries dominate, ASX-listedlithium developer AVZ Minerals is well placed to meet this growing demand for battery-grade lithium through the development of its Manonolithium and tin project in the Democratic Republic of Congo (DRC). CHANTELLE KOTZE speaks to MD NIGEL FERGUSON about the critical path toward construction. Demand for spodumene concentrate – a feedstock material used in the production of lithium chemicals that go into batteries for electric vehicles… Read More Here
Glencore pilots cobalt blockchain traceability solution 3 Cobalt Battery Metals International Mining in DRC 

Glencore pilots cobalt blockchain traceability solution

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Glencore plans to partner with miners Eurasian Resources Group, CMOC and battery material supplier Umicore on trials of a blockchain-based traceability solution that will track cobalt from its source to use in an electric vehicle. The pilot of the ReISource solution will launch this year, with a final deployment scheduled for 2022. It will track cobalt from upstream production facilities in the Democratic Republic of the Congo to downstream uses in EV batteries. “Blockchain technology offers us an unprecedented ability for traceability in the supply chain. Through this pilot, we… Read More Here
Glencore boss warns of future China dominance in electric vehicles 4 Battery Metals Cobalt International Mining in DRC 

Glencore boss warns of future China dominance in electric vehicles

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US and Europe risk being left behind unless they secure cobalt supplies for batteries, says Ivan Glasenberg. The car industry in the US and Europe risks being left behind by their Chinese rivals unless they secure supplies of cobalt, according to the world’s biggest producer of the key battery metal. Glencore chief executive Ivan Glasenberg told the FT Future of the Car Summit on Wednesday that western carmakers would be naive to think they could always rely on China to supply the batteries for electric vehicle fleets. Glasenberg said Chinese… Read More Here
Battery-powered electric vehicles would be the most impactful in reducing mining emissions: Poll 5 Battery Metals Equipment & Technology 

Battery-powered electric vehicles would be the most impactful in reducing mining emissions: Poll

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The mining industry is expected to play a critical role in the global shift towards clean technologies, but decarbonisation in the sector remains a challenge. Mining companies across the globe are focussing on minimising carbon emissions over the next 15 years to align with the global target of achieving net-zero emissions by 2050 of the Paris Agreement. Verdict has conducted a poll to assess the most impactful step in reducing emissions from mining operations over the next five years. Analysis of poll results shows that a majority 30% of the… Read More Here
Glencore boss warns of future China dominance in electric vehicles 6 Battery Metals Cobalt International 

Glencore boss warns of future China dominance in electric vehicles

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The car industry in the US and Europe risks being left behind by their Chinese rivals unless they secure supplies of cobalt, according to the world’s biggest producer of the key battery metal. Glencore chief executive Ivan Glasenberg told the FT Future of the Car Summit on Wednesday that western carmakers would be naive to think they could always rely on China to supply the batteries for electric vehicle fleets. Glasenberg said Chinese companies had been quick to realise the vulnerability of their supply chains and “tied up” lots of… Read More Here
Council of Ministers - AVZ Minerals New Mining Projects Battery Metals Lithium Mining in DRC 

DRC Council of Ministers approves the draft decree relating to collaboration between Govt and AVZ MINERALS LTD

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The second meeting of the Council of Ministers held on Friday, May 08, approved the Draft Decree approving the collaboration agreement signed between the government of the DRC and the firm AVZ MINERALS LTD. This draft decree presented by the Minister of Industry, Julien Paluku Kahongya, was referred to the competent interministerial Commission before its return to the Council of Ministers for adoption. “The Draft Decree approving the Cooperation Agreement signed between the Government of the Democratic Republic of the Congo and the firm AVZ MINERALS LTD as well as the… Read More Here
Metals price rally could hamper switch to green energy — IEA 7 Battery Metals Cobalt Copper Energy International Lithium Mining in DRC Nickel 

Metals price rally could hamper switch to green energy — IEA

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Soaring metals prices may be good for miners, but they put at risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel, cobalt, lithium and other minerals to be manufactured, a new report warns. According to The International Energy Agency (IEA), reaching the goals of the Paris climate agreement would result in a quadrupling mineral demand by 2040. Yet a lack of investment in new mines could substantially raise the costs of clean energy technologies, the IEA said on Wednesday. “The… Read More Here
Manono Lithium and Tin Project Operational Update 8 Lithium Battery Metals Mining in DRC New Mining Projects Tin 

Manono Lithium and Tin Project Operational Update

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AVZ Minerals Limited (ASX:AVZ or “the Company”) is pleased to provide an operational update in relation to its flagship project, the Manono Lithium and Tin Project (“Manono Project”).AVZ Minerals Managing Director, Mr. Nigel Ferguson said: “Buoyant market conditions continue with both spodumene concentrate and lithium chemical prices strengthening on the back of rising electric vehicle demand, just as international Government policies advance the reduction of carbon emissions whilst securing strategic supply chains that feed domestic EV industries across the globe.” “Both market and geopolitical factors have fuelled a steep increase… Read More Here
RECYCLING ELECTRIC CAR BATTERIES COULD REDUCE MINING OF METALS BY UP TO 55% 9 Battery Metals 

RECYCLING ELECTRIC CAR BATTERIES COULD REDUCE MINING OF METALS BY UP TO 55%

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Often harmful mining of cobalt and nickel could be reduced by more than a third, researchers say WIDESPREAD recycling of electric car batteries could reduce the need to mine some earth metals by as much as 55%, according to a new report. The report, prepared for non-profit organisation Earthworks by the Institute of Sustainable Futures at the University of Technology Sydney, found that recycling spent EV batteries could reduce primary demand in car making for copper by 55%, cobalt and nickel by 35% and lithium by 25%. It found that it would… Read More Here

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