Lithium - Copperbelt Katanga Mining

AVZ raises A$75m for lithium project- DRC

December 10, 2021January 5, 2022 admin

AVZ Minerals Limited (ASX: AVZ, “the Company” or “AVZ”) is pleased to announce it has received firm commitments for a placement to raise $75 million (before costs) with 85% of funds coming via new global institutions and the balance from existingsophisticated shareholders including cornerstone investor Suzhou CATH Energy Technologies (“CATH”). The placement was significantly oversubscribed and further confirms the significant level of interest in the Company’s world-class Manono Lithium and Tin Project (“Manono Project”) situated in the Democratic Republic of the Congo (“DRC”).The successful capital raising allows the Board of… Read More Here

Battery Metals Lithium Mining in DRC

lithium-ion battery factory estimated at 39 million USD in the DRC against 112 million USD in China

November 29, 2021November 29, 2021 admin

In a study released during DRC AFRICA BUSINESS FORUM, BloombergNef argues that the Democratic Republic of the Congo could leverage its abundant cobalt resources and hydroelectric power to become a low-cost, low-emission producer country. lithium-ion battery cathode precursors. The research paper estimates that it would cost $ 39 million to build a 10,000 metric tonne cathode precursor plant in the DRC. That’s three times cheaper than a similar factory in the United States would cost, whereas if it was built in China or Poland, it would cost $ 112 million… Read More Here

Cobalt Battery Metals Copper Lithium Mining in DRC

We remain mobilized to support the battery industry in Africa, starting in the DRC – AfDB Boss

November 26, 2021November 26, 2021 admin

The DRC – Africa Business Forum closed on Thursday in Kinshasa. This high-level forum intends to provide solutions to improve the living conditions of Africans by developing value chains linked to the mining resources used in electric batteries (cobalt, copper, lithium, manganese, nickel, graphite). A way to take advantage of the global transition to green energy, the use of electricity in transport systems and the decarbonisation of economies “We remain mobilized with other partners to support the development of the battery industry in Africa, starting in the Democratic Republic of… Read More Here

Battery Metals Lithium Mining in DRC

How Congo could become low-cost, low-emissions producer of battery materials – report

November 26, 2021November 26, 2021 admin

In a report launched at the DRC-Africa Business Forum 2021 taking place this week in Kinshasa, BloombergNEF (BNEF) states that the Democratic Republic of the Congo (DRC) could leverage its abundant cobalt resources and hydroelectric power to become a low-cost and low-emissions producer of lithium-ion battery cathode precursor materials. The research paper estimates that it would cost $39 million to build a 10,000 metric-tonne cathode precursor plant in the DRC. This is three times cheaper than what a similar plant in the US would cost, whereas if it were to be built… Read More Here

Battery Metals Lithium Nickel

Kabanga says Tanzania mine may answer Elon Musk’s nickel plea

November 19, 2021November 19, 2021 admin

Kabanga Nickel Ltd. is seeking to raise $1.3 billion for a massive mining project in Tanzania that the company says could help ease electric-vehicle manufacturers’ insatiable demand for nickel. “We are accelerating this kind of discussions as quickly as possible,” Chief Executive Officer Chris Showalter, a former investment banker, said in an interview. “Because of the quality of the project, we have developed a substantial interest.” Kabanga is trying to secure funding for a $950 million mine and $350 million refineries that would be developed simultaneously in the northwest part… Read More Here

Battery Metals Lithium

Rio Tinto invests in European EV battery producer InoBat Auto

November 19, 2021November 19, 2021 admin

Rio Tinto (ASX, LON, NYSE: RIO) announced Tuesday it is investing in European battery technology and manufacturing company InoBat Auto. InoBat is leading the construction of a 290,000 square-foot, first-of-its-kind electric vehicle battery R&D center and pilot line in Slovakia, where it plans to integrate research and development activities together with battery cell-manufacturing capabilities. The world’s second-largest miner is expanding its footprint in Europe — in July committing $2.4 billion to the Jadar lithium-borates project in Serbia, one of the largest greenfield lithium projects in development. Rio said last month 60 Jadar mines wouldn’t fill… Read More Here

Battery Metals Lithium

Rise in battery costs to keep lithium price rallying — report

November 16, 2021November 16, 2021 admin

Lithium prices have rallied in 2021 and are now at record-high levels, amidst the sharp acceleration in demand during a global supply struggle. In its latest industry report, market analyst Fitch Solutions revised up significantly both its lithium carbonate and hydroxide price forecasts from 2021 to 2026, to incorporate higher global EV sales assumptions from its Autos team and subsequent stronger lithium demand for batteries. Fitch was expecting prices to remain on an uptrend over 2021-2022. The analyst launched the new lithium price forecast in May 2021, but lithium prices have rallied beyond… Read More Here

Battery Metals Cobalt International Lithium

Researchers push for more accurate battery metals demand forecasts

November 15, 2021November 15, 2021 admin

Common assumptions that state that demand for battery metals will continue to increase for the foreseeable future, as they are essential for high-performance lithium-ion batteries, may be misleading, a new report by CSIRO states. According to Australia’s national science agency, unsophisticated models based on current supply levels and basic recycling rates are promoting many mischaracterizations of the real opportunities in both metal mining and recycling. In the view of the experts at CSIRO, such models ignore the dynamics of materials flows on a global scale and the expected changes in underlying technologies. “Metal… Read More Here

Battery Metals Cobalt Copper Lithium

The commodity boom is starting to push battery prices higher

November 5, 2021November 5, 2021 admin

The world’s biggest battery market is showing the strain of surging commodity prices. Chinese manufacturer Gotion High-tech Co. sent a letter to customers in mid-October seeking to adjust battery prices, citing a jump in the cost of cathode materials and electrolyte to copper and aluminum foil. The company said it “has tried its best to reduce the cost impacts but with little effect.” Gotion’s move underscores a key hurdle the world faces in its transition to cleaner, greener energy sources. Electric-vehicle sales have soared as companies were able to make… Read More Here

Battery Metals International Lithium

TESLA SIGNS THREE YEAR LITHIUM SUPPLY DEAL WITH CHINA’S GANFENG LITHIUM

November 5, 2021November 5, 2021 admin

Tesla has signed a three-year deal to buy lithium from Ganfeng Lithium, as it secures supplies of the battery raw material following a rapid rise in prices this year. The agreement for battery grade lithium hydroxide will start at the beginning of next year, Ganfeng said, without giving further details. “The actual purchasing quantity and sales amount will depend on the purchasing orders placed by Tesla,” Ganfeng said. The deal comes following a 91 per cent increase in lithium hydroxide CIF Asia prices this year to $19,250 a tonne, according… Read More Here