Nickel - Copperbelt Katanga Mining

Bill Gates-backed KoBold Metals is the Silicon Valley’s newest unicorn

June 22, 2023June 22, 2023 Constance

Berkeley-based mining company KoBold Metals has hit the $1 billion unicorn valuation, the Wall Street Journal reported. Its most recent $200 million round included money from Breakthrough Energy Ventures, a Bill Gates-backed venture capital firm that invests in clean energy companies on behalf of people including Jeff Bezos and Jack Ma. Founded in 2018, KoBold uses machine learning to look for deposits of critical minerals like copper, nickel, lithium and cobalt. “Our proprietary A.I. tools build on a concept we call efficacy of information (EOI), enabl KoBold to determine which data to… Read More Here

International Battery Metals Cobalt Copper Nickel

Seafloor Mining lowers Battery metals’ Environmental impact, study finds

March 26, 2023March 26, 2023 Constance

The Metals Company (TMC) on Tuesday 21st of March released the results of a lifecycle assessment of the environmental impacts of the company’s NORI-D Polymetallic Nodule Project carried out by Benchmark Mineral Intelligence. TMC’s project in the Clarion Clipperton Zone (CCZ) in the Eastern Pacific Ocean, between Hawaii and Mexico aims to bring online the planet’s largest undeveloped deposit of battery metals. The nickel, cobalt, manganese and copper are found in potato-sized rock-like nodules The Benchmark study assessed, among others, the global warming potential, acidification, eutrophication, particulate matter formation and… Read More Here

Nickel International

Nickel price slumps as Global production soars

March 25, 2023March 25, 2023 Constance

Chicanery on the London Metal Exchange aside, global nickel mining is in rude health. At the current pace, mined nickel output is set to exceed 3.2 million tonnes per year. The jump was driven primarily by continued gains in Indonesian production which increased by over 41% compared to the same month last year. Refined nickel demand shrunk by 5% in January and rose by a more modest 2% compared to 2022. The January figures translate to annual demand of 2.8 million tonnes, to give an apparent market surplus of 255,000 tonnes,… Read More Here

Events & Expos Battery Metals Cobalt Copper International Lithium Nickel

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

International Battery Metals Cobalt Copper Lithium Nickel

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

International Nickel

Nickel Market Faces New Shock As ‘Big Shot’ Boosts Metal Output

January 10, 2023January 10, 2023 Constance

The billionaire at the center of last year’s nickel short squeeze is planning a major shift in his production mix, in a move that could reshape global supply dynamics and inject fresh volatility into the battered nickel market. Xiang Guangda’s Tsingshan Holding Group Co. is seeking to profit from an unusually large premium in the price of refined nickel metal – the type that is deliverable on exchanges in London and Shanghai – over the intermediate forms that Tsingshan supplies for battery manufacturing, according to people familiar with the matter.… Read More Here

Nickel International

Indonesia proposes to Canada setting up OPEC-like group for nickel

November 22, 2022November 22, 2022 arnbethnic

Indonesia has proposed in talks with Canada establishing an OPEC-like organisation for nickel producing countries, the Southeast Asian nation’s investment ministry said in a statement on Wednesday. Indonesia and Canada are the first and sixth biggest nickel producers in the world, respectively. The proposal was made when Indonesian Investment Minister Bahlil Lahadalia met Canada’s International Trade Minister Mary Ng on Tuesday on the sideline of the G20 summit in Bali. The minister raised the prospect of trying to “coordinate and integrate nickel policy” like the Organization of the Petroleum Exporting… Read More Here

Battery Metals Cobalt Copper Global markets Lithium Nickel

Greening global economy brings dependence on critical minerals

November 4, 2022November 4, 2022 arnbethnic

After nearly a century of geopolitical tension over access to oil, experts worry that the global transition to clean energy is creating new dependencies on the critical minerals needed for solar panels, wind turbines and electric vehicle batteries. ADVERTISING Control over most of these essential elements is concentrated in a handful of countries, none more than China, they note. Which metals are key for the energy transition? Cobalt, nickel, manganese and lithium are critical to making electric vehicle batteries. Rare earths such as neodymium, praseodymium and dysprosium are used in… Read More Here

Lithium Nickel

Chinese investors plan $2.83 billion metals park in Zimbabwe

September 16, 2022September 16, 2022 admin1 Comment

Zimbabwe’s government approved a proposal by a group of Chinese investors to establish a $2.83 billion battery-metals park that will process metals including lithium, platinum, and nickel, its latest plan to revive its moribund economy. Hong Kong Eagle International Investment Holding Ltd. and Pacific Goal Investment Ltd. intend to develop an integrated industrial park that will include lithium-salt and nickel-sulphate plants, and a nickel-chromium alloy smelter, Eagle International said in documents seen by Bloomberg and verified by Secretary for Mines Pfungwa Kunaka. An agreement on the plan will be signed… Read More Here