Lead, Zinc and coblat

Mining News Pro - A glut of minerals used to power electric vehicles (EVs), particularly cobalt and lithium, is expected to slow down the EV adoption by between 15% to 25% through 2021, even as larger batteries are being developed, experts at BMO Capital Markets say.

Mining News Pro - Global Energy Metals (TSXV: GEMC; US-OTC: GBLEF) struck an option agreement in January with Nevada Sunrise Gold (TSXV: NEV) to acquire 85% of the historic Lovelock cobalt mine and nearby Treasure Box properties — both of which contain battery minerals, including cobalt, nickel and copper — and are only a 90-minute drive from the Tesla-Panasonic Gigafactory 1, a lithium-ion battery and electric vehicle (EV) factory near Reno.

Mining News Pro - Teck Resources (TSX: TECK) says an equipment failure that occurred this weekend at its zinc refinery in Trial, British Columbia, could cost the miner between 20,000 and 30,000 tonnes in lost production.

Mining News Pro - Mining and commodities trader giant Glencore is lending Canada’s First Cobalt Corp. an initial $5 million to restart the company’s refinery in Ontario, which would become the only North American producer of refined cobalt for the electric vehicle (EV) market.

Mining News Pro - China’s biggest cobalt refiner Zhejiang Huayou Cobalt said on Thursday its overseas unit is pulling out a deal to invest $66.3 million in a cobalt mine in the Democratic Republic of Congo (DRC) after prices of the metal slid.

Mining News Pro - The London Metal Exchange (LME) lead market was roiled in early June by news of an unplanned outage at the Port Pirie lead smelter in Australia.

Mining News Pro - Both cobalt and lithium prices have experienced a collapse, driven by a loosening of fundamentals as a number of new projects come online, Fitch Solutions’ latest Industry Trend analysis reports.

Mining News Pro - Glencore Plc is planning to halt production at one of the world’s biggest cobalt mines after prices for the battery metal collapsed and costs at the project increased, according to a person familiar with the situation.

Mining News Pro - Three Indian state-run companies are to form a joint venture to buy mining assets overseas that have minerals such as lithium and cobalt, which are used in the manufacture of batteries for electric vehicles.

Mining News Pro - Australian cobalt developer Jervois Mining will take over eCobalt Solutions after shareholders of the Canadian company voted in favour of the deal, Jervois said on Monday.

Mining News Pro - Australian cobalt developer Jervois Mining will take over eCobalt Solutions after shareholders of the Canadian company voted in favour of the deal, Jervois said on Monday.

Mining News Pro - Pacific Energy’s wholly-owned KPS subsidiary has secured a new contract to supply electricity to Round Oak Minerals’ Jaguar copper-zinc mine, in Western Australia.

Mining News Pro - Eurasian Resources Group Sarl, the mining firm backed by the Kazakhstan government, is exploring options for assets in the Democratic Republic of Congo including a potential sale, according to people with knowledge of the matter.

Mining News Pro - Cobalt is back in the headlines for all the wrong reasons.

Mining News Pro - Battery metals tracker Adamas Intelligence says electric vehicle manufacturers deployed 57% more nickel in passenger EV batteries in May this year, compared to 2018.

Mining News Pro - Production of hand-dug cobalt in the Democratic Republic of Congo is poised to drop sharply after prices tumbled, prompting many of the country’s thousands of artisanal miners to switch focus to copper instead.

Mining News Pro - Zinc production is set to ramp globally by 2.1% year-on-year according to a new report from Fitch Solutions. In the coming years elevated prices encourage miners to restart idled capacity and begin production at key new mines.

Mining News Pro - Global Energy Metals (TSXV: GEMC; US-OTC: GBLEF) struck an option agreement in January with Nevada Sunrise Gold (TSXV: NEV) to acquire 85% of the historic Lovelock cobalt mine and nearby Treasure Box properties — both of which contain battery minerals including cobalt, nickel and copper — and are only a 90-minute drive from the Tesla-Panasonic Gigafactory 1, a lithium-ion battery and electric vehicle factory near Reno.

Mining News Pro - New Century Resources’ proposed expansion of the Century zinc mine in Queensland is showing potential to add an extra $422 million of cashflow and seven years of mine life through to mid-2026.

Mining News Pro - The agreement was signed June 20 in Tokyo, Japan, by the long-time industry partners, represented by BHP chief executive Andrew Mackenzie and Mitsubishi managing director Sadahiko Haneji

In Picture