Lithium - Copperbelt Katanga Mining

Glencore to offer lithium batteries recycling services in Spain and Portugal

April 12, 2023April 12, 2023 Constance

Swiss miner and commodities trader Glencore is joining forces with waste management services provider FCC Ámbito and Spanish energy firm Iberdrola to offer lithium-ion battery recycling services in Spain and Portugal. The partners will build a recycling plant that will also offer second-life solutions for batteries, both from gigafactory production scrap and end-of-life batteries, Glencore said n the statement. The companies said they have assessed existing battery recycling capabilities and feed availability in Spain and Portugal, but the location of their factory, to be run by FCC, is yet to be determined. Kunal… Read More Here

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Musk puts $14 trillion price tag on sticking by fossil fuels

April 7, 2023April 7, 2023 Constance

Converting the world to entirely clean energy will require $10 trillion worth of investment, but continuing to rely on fossil fuels would cost about $14 trillion, according to Elon Musk. A massive build-out of solar-panel factories and metal refineries are required over the next 20 years to deliver renewable-power generation and electricity-storage capacity needed to power the global economy entirely with carbon-free energy, Tesla Inc. said in its Master Plan Part 3 published Thursday 6th April. The white paper fleshes out the details of Musk’s vision for a world without… Read More Here

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Battery Metal frenzy outshines Recovery fears at PDAC

March 9, 2023March 9, 2023 Constance

Tepid global demand for metals driven by recession fears and China’s weak economic recovery have done little to shake the belief among miners that battery materials are heading for an epic bull run. That was the sentiment of thousands of executives, investors, government officials and bankers who crammed into a conference center in Toronto for the past four days to showcase their assets, network and strike deals. For the event organizer, the Prospectors & Developers Association of Canada gathering highlighted the industry’s push to be part of the solution in… Read More Here

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Battery metals projects catch eye of Pension funds and Carmakers

March 8, 2023March 8, 2023 Constance

Critical minerals projects are attracting newfound interest from pension funds and automakers to help tackle a looming shortage of battery metals, say some of Canada’s top investment bankers. The rush for metals like lithium, copper and nickel needed to power electric vehicles has “clearly brought the sector into a spotlight that it wasn’t in a few years ago,” Ilan Bahar, global mining co-head at BMO Capital Markets, said during a Monday panel discussion at a mining conference in Toronto. Bank of Montreal’s investment banking business has seen more interest from… Read More Here

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Global demand for lithium batteries to leap five-fold by 2030 – Li-Bridge

February 15, 2023February 15, 2023 Constance

Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said on Wednesday, as more people opt for electric vehicles and energy storage systems. Demand for lithium batteries in the United States is expected to grow more than six times and translate into $55 billion per year by the end of the decade, but still the country is expected to depend on imports for supply, the report add Li-Bridge works toward accelerating the development of a robust supply chain for lithium-based batteries and… Read More Here

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General Motors invests $650mn in US lithium mine to secure EV battery materials

February 2, 2023February 2, 2023 arnbethnic

General Motors will invest $650mn in a US lithium mine, a record investment by a carmaker to secure the raw materials used in electric vehicle batteries. The US group will make an initial investment of $320mn by mid-2023 in return for exclusive rights to the first stage of lithium production at Lithium America’s Thacker Pass in the US state of Nevada and almost 10 per cent of the miner’s shares, with a further $330mn to follow later on. “It’s a landmark transaction, and it certainly won’t be the last major… Read More Here

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EXPENSIVE BATTERY METALS

January 10, 2023January 11, 2023 Constance

The most expensive battery metals are generally considered to be lithium, cobalt, and nickel. Lithium is the lightest metal and the least dense solid element. It is used in batteries for portable electronic devices, as well as electric vehicles. The price of lithium has fluctuated in recent years, but it is generally considered to be one of the most expensive battery metals. Cobalt is a hard, lustrous, gray metal that is commonly used in rechargeable batteries for smartphones and electric vehicles. The price of cobalt has also fluctuated in recent… Read More Here

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3 Trucks Smuggling Lithium Detained At Beitbridge Boarder-Zimbabwe

January 3, 2023January 3, 2023 Constance

Beitbridge Boarder post Yesterday intercepted a consignment of lithium ore on three haulage trucks belonging to one Bernard Tafadzwa Mnangagwa. The ore was being smuggled to South Africa and was declared as manganese, it is alleged. The government recently banned the exports of raw lithium with immediate effect in an effort to value-add minerals and support local production and employment creation. The ban was effected through STATUTORY INSTRUMENT (S1) 213 OF 2022 titled Base Mineral Export Control (Unbeneficiated Lithium Bearing Ores) Order 2022. Officer commanding Beitbridge police district, Chief Superintendent… Read More Here

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Nigerian Professor Applauds Zimbabwe’s Lithium Ban

December 23, 2022December 24, 2022 Constance

Africa appears to be coming into its own as now, Zimbabwe has banned its export of Lithium needed for making batteries and electric cars, asking those who need them to move manufacturing to Zimbabwe. This comes after the release of Mali from the shackles of France and the refusal of Ghana and Ivory Coast to export raw cocoa. Finally, some African leaders are beginning to do the needful. Said Dr Henrietta Onwuebguzie ”It is my hope that the African Union, will support other countries to move in a similar direction.… Read More Here

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ZIMBABWE MINERS FEDERATION APPLAUDS GOVT LITHIUM BAN

December 20, 2022December 20, 2022 Constance3 Comments

The Zimbabwe Miners Federation (ZME) has supported thethat the export of the ore has been prejudicing the government through loss of revenue which is detrimental to the country’s target of attaining the US$12 billion Mining industry by end of 2023.Rudairo MapurangaThe Zimbabwe Miners Federation (ZMF) through its President Ms Henrietta Rushwaya says that the export of raw lithium gave rise to leakages and serious job exports in the lithium subsector with other countries benefiting from jobs that could have been of native Zimbabweans.The ZMF said the ban on raw lithium… Read More Here