Nickel - Copperbelt Katanga Mining

Kabanga Mineral Resources Estimates project

September 15, 2021September 15, 2021 admin

Kabanga is the largest development-ready nickel sulphide deposit in the world, unmatched in scale and grade, with at least 30 years life of mine and further exploration upside. An extensive amount of exploration and resource definition has been completed to date, setting the Kabanga nickel project on a well-defined path to production.” The Kabanga Nickel Sulphide Resource Based on approximately 600 km of drilling, Kabanga’s previous owners, Barrick Gold Corporation (Barrick) and Glencore, published a Resource Estimate (Measured, Indicated and Inferred) in 2014 of 58 million tonnes of ore at… Read More Here

Demand for copper, lithium and nickel batteries increases by more than 400%, study finds

July 1, 2021July 1, 2021 admin

These analysts’ forecasts indicate good prospects for the mining companies in the DRC which produce all these minerals. BloombergNEF (BNEF), a provider of strategic research, has increased its forecast for annual lithium-ion battery demand by more than a third from its previous forecast due to expectations of rapid growth in the passenger vehicle segment, mining.com reports. According to the BNEF, annual demand for lithium-ion batteries will exceed 2.7 terawatt-hours per year by 2030, a 35% increase over the analysis company’s forecast made last year. Passenger vehicles will account for 72% of… Read More Here

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First Quantum Minerals Announces Sale of 30% of Ravensthorpe Nickel for $240 Million

May 22, 2021May 22, 2021 arnbethnic

First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX:FM) today announced that it has entered into a binding agreement to sell a 30% equity interest in the Ravensthorpe Nickel Operation (“Ravensthorpe”) in Western Australia for cash consideration of $240 million to POSCO, one of the world’s largest steel producers (the “Transaction”). First Quantum will retain a 70% interest in Ravensthorpe and continue to be the operator. The proceeds of the transaction will be used to reduce the Company’s debt. In addition to the Transaction, POSCO and First Quantum have also… Read More Here

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Copper, cobalt, lithium, nickel & tin, among the materials that will dominate the green and digital transition

May 10, 2021May 10, 2021 admin

A new report from Fitch Solutions predicts that certain “conventional” raw materials will receive an additional boost over the next 20 years, as they take center stage in green and digital transitions. These products include copper, nickel, tin, aluminum and rare earths which, along with lithium and cobalt, are expected to experience a boom in demand over decades in the midst of the battery revolution. . “While the ‘traditional’ base metal mining and refining sectors such as copper, nickel, tin and aluminum are well established, we note that the lithium… 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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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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Nickel demand for EVs to outpace lithium and cobalt – report

March 17, 2021March 17, 2021 admin

As battery metals continue to rise to the forefront of attention, much has centered around lithium and cobalt. Governments have enacted policies to encourage investment into the critical raw materials they deem essential to the green energy transition. At the same time, supply chain concerns surrounding nickel have begun to garner increasing focus. As a key component of battery cathode chemistry in many existing and upcoming electric vehicles (EVs), nickel will remain an important metal to watch in the coming decade, market analyst Fitch Solutions maintains in its latest industry report. Fitch has updated its estimate of… Read More Here

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Tesla gets involved in New Caledonia mine to secure nickel supply

March 7, 2021March 9, 2021 admin

Electric cars maker Tesla (NASDAQ: TSLA) will become a technical adviser at the conflict-ridden New Caledonia nickel mine, as part of the company’s attempt to secure enough supply of the key battery metal, which CEO Elon Musk has singled out as the his biggest concern. Political leaders in the French Pacific territory agreed on Thursday to sell a majority stake in Vale’s nickel business to a consortium called Prony, which includes Swiss commodity trader Trafigura. The Brazilian miner, the world’s top nickel producer, had been on the hunt for a buyer for over a… Read More Here

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Battery metals are critical over the next decade, Roskill says

February 19, 2021February 19, 2021 admin

The growing adoption of electric vehicles (EVs) is driving the increasing demand for lithium, nickel and cobalt – critical metals used as cathode materials for lithium-ion batteries in the automotive, energy and electronics industries. According to Deloitte’s Electric Vehicle Trends, EV sales are forecast to grow from 2.5 million in 2020 to 11.2 million by 2025, and to 31.1 million by 2030. Analysts from Roskill, a commodity research firm and a leader in critical materials supply chains, provide an outlook on battery metals’ markets over the next decade. Lithium Global demand for… Read More Here

Nickel International

Nickel price at highest since 2014 amid growing EV battery demand

February 12, 2021February 12, 2021 admin

Nickel has quietly been going neck-in-neck with copper since the start of the base metals rally in mid-2020, and is now approaching a key level that analysts believe could spur investment in new supply. Three-month nickel on the LME reached a new multiyear high Thursday at $18,534 per tonne. The metal has been putting in strong performance despite expectations of demand slowdown due to the Chinese New Year holiday, up over 11% since the turn of the calendar year. Year-on-year, the contract has gained 30% amid rising demand expectations pertaining… Read More Here