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Glencore boss warns of future China dominance in electric vehicles

May 13, 2021May 13, 2021 admin

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

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

May 9, 2021May 9, 2021 arnbethnic

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

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Metals price rally could hamper switch to green energy — IEA

May 6, 2021May 6, 2021 admin

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

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Manono Lithium and Tin Project Operational Update

May 4, 2021May 10, 2021 admin

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

Battery Metals

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

April 28, 2021April 28, 2021 admin

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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Cobalt, nickel battery use rises as electric sports cars gain popularity

April 21, 2021April 21, 2021 admin

Despite a big drop from December’s blowout, largely due to seasonal factors, the February 2021 MINING.COM EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world, still ranks as the fourth best month on record. Just shy of $300 million worth of lithium, cobalt, nickel and graphite hit roads in February, up 170% from the same month last year as the impact of the coronavirus only just started to ripple beyond China. For the first two months, the year on… Read More Here

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Saudi Arabia of cobalt: Congo eyes battery-metal price power

April 6, 2021April 6, 2021 admin

Democratic Republic of Congo, the world’s main source of vital battery ingredient cobalt, is also one of the poorest nations. And while it’s dominated by huge industrial mines, about a fifth of its silvery-blue metal is still hand-dug, in often unregulated and dangerous conditions. Jean-Dominique Takis Kumbo, the head of the new state cobalt buyer, is determined to change that. His Entreprise Generale du Cobalt will have a monopoly on all hand-dug cobalt in the central African country, giving it power to improve working conditions and potential control of nearly… Read More Here

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AVZ signs binding SC6 offtake agreement with lithium converter

March 30, 2021March 30, 2021 admin

AVZ Minerals has secured a strategic, long-term offtake partner agreement with Yibin Tianyi Lithium Industry. The Company and Yibin Tianyi have signed a binding offtake agreement for the supply of spodumene concentrate (SC6) from the Manono Lithium and Tin Project. Yibin Tianyi is a leading global battery materials producer that is continuing to expand its lithium hydroxide production capacity as a key participant in the supply chain of Contemporary Amperex Technology (CATL), the world’s largest lithium-ion battery maker. AVZ’s MD, Nigel Ferguson, said: “We are very pleased to conclude our… Read More Here

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AVZ Minerals signs first tin offtake agreement for Manono project

March 29, 2021March 29, 2021 admin

Emerging Democratic Republic of Congo producer AVZ Minerals (ASX: AVZ) has secured a three-year offtake agreement for the sale of 600 metric tonnes per annum of tin concentrate from the Manono lithium and tin project to industrial metals trader Kalon Resources. The agreement is the first tin sale from Manono and equates to approximately 43% of the total tin concentrate available for sale from the project. Under the terms of the offtake deal, AVZ will supply 600 metric tonnes of concentrate to Kalon, with a minimum 55% tin content and expected grades… Read More Here

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Electric cars will cost more using ethically sourced batteries

March 16, 2021March 16, 2021 admin

The European Union’s efforts to ethically source a key battery metal face headwinds that could make it more expensive for automakers to go electric. Cobalt is the battery metal at the highest risk of being exploited in ways that damage the health of people and the environment. Most of the world’s supply comes from the Democratic Republic of Congo, with as much as a third of that supplied by small-scale miners who often work in dangerous conditions. Regulators have begun developing rules designed to help industry avoid damaging its reputation. But those “ambitious requirements… Read More Here