Chinese miners eye overseas deals after battery metals slump
Battery metal prices are on the floor, and massive expansions by Chinese miners have been instrumental in driving them lower. Now, with many Western rivals cutting output or shutting down entirely, they want to get even bigger.
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Visit: 93
Northvolt starts battery plant work in win for Europe’s industry
Northvolt AB is starting construction of a €5 billion ($5.4 billion) battery plant in northern Germany to supply electric cars, capping an intense lobbying effort under newly relaxed European Union state aid rules.
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Visit: 68
Teck Resources mulls British Columbia battery recycling plant
Copper and zinc miner Teck Resources is considering building a lithium-ion battery recycling facility in British Columbia, CEO Jonathan Price said on Tuesday.
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Visit: 79
Vale eyes more battery systems in its operations
Mining giant Vale is looking at expanding the use of industrial batteries to power ports and mining sites, said the firm’s Energy and Decarbonization director Ludmila Nascimento, in a move that would boost an industry still in early stages in Brazil.
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Visit: 92
Battery metal bust spurs output cut at leading lithium project
Australia’s biggest lithium mine has become the latest battery-metals venture to feel the pain from faltering demand growth, with output set to be trimmed as prices sink.
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Visit: 82
Battery metal bust spurs output cut at leading lithium project
Australia’s biggest lithium mine has become the latest battery-metals venture to feel the pain from faltering demand growth, with output set to be trimmed as prices sink.
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Visit: 56
Korea battery makers eye Chile lithium investments to supply US
Lithium heavyweight Chile is drawing interest from South Korean battery makers keen to develop processing plants there, the head of a government agency said.
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Visit: 71
China’s coal king is catching up with its new battery champions
Mining News Pro - China’s battery giants are at the forefront of the global energy transition, but on the stock market they’re being outshined by the dirtiest fossil fuel.
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Visit: 69
Fatal blast in Indonesia puts battery metal ambitions in spotlight ahead of presidential vote
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Some 200 million Indonesians will vote for a new leader next month. The three campaigns still in the running have all backed the government’s policy on so-called downstreaming. But the Morowali disaster has thrown up criticisms of the price paid.
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Visit: 62
Aneka Tambang sells shares of subsidiaries to world’s biggest EV battery company
Mining News Pro - Indonesian miner Aneka Tambang has sold shares worth $467.18 million in two of its subsidiaries to a unit of the world’s biggest electric vehicle battery maker, China’s Contemporary Amperex Technology Co (CATL).
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Visit: 114
Battery prices are falling again as raw material costs drop
Mining News Pro - As the auto industry grapples with how to make affordable EVs, the task may get easier by one key metric. Battery prices are resuming a long-term trend of decline, following an unprecedented increase last year.
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Visit: 183
Lithium price rout deepens with battery metal now down 75% this year
Mining News Pro - Lithium extended an almost monthlong run of declines, taking its drop this year to 75%, with expectations the rout in the electric-vehicle battery metal is far from over.
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Visit: 91
Glencore to build pilot battery recycling plant outside of Italy
Mining News Pro - Glencore has decided to build a pilot project for an electric vehicle (EV) battery recycling plant outside of Italy, but still has its eye on the island of Sardinia for a larger facility, the Swiss mining group said on Thursday.
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Visit: 105
Lithium price rout deepens with battery metal now down 75% this year
Mining News Pro - Lithium extended an almost monthlong run of declines, taking its drop this year to 75%, with expectations the rout in the electric-vehicle battery metal is far from over.
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Visit: 123
SQM sells green bond to feed EV battery demand
Mining News Pro - SQM, the world’s second-largest lithium supplier, tapped the US investment-grade bond market as it looks to feed growing demand for rechargeable batteries used in electric vehicles.
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Visit: 168
Namibia’s battery metal ambitions rest on infrastructure, miners say
Mining News Pro - Namibia’s ambitions to become a manufacturing hub for battery metals key to the global transition to clean energy will require huge investments in infrastructure to support processing facilities, mining executives said on Wednesday.
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Visit: 114
China to tighten exports of key battery material graphite
Mining News Pro - China said on Friday it will require export permits for some graphite products to protect national security, springing a surprise with another bid to control critical mineral supply in response to challenges over its global manufacturing dominance.
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Visit: 129
Canada to give Umicore up to C$1bn for new battery components plant
Mining News Pro - Canada and the province of Ontario will give up to C$1 billion to a unit of Belgium’s Umicore to help it build a plant that will produce components for electric vehicle batteries, Ottawa said on Monday.
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Visit: 175
Sumitomo Metal bets on Canadian battery materials firm Nano One
Mining News Pro - Sumitomo Metal Mining (TYO: 5713) is investing $16.9 million ($12.5m) in Canada’s battery materials firm Nano One (TSX: NANO) as part of the Japanese giant’s efforts to find sustainable methods for producing lithium-ion batteries.
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Visit: 98
Canada, Japan agree to work more closely on battery supply chains
Mining News Pro - Canada and Japan on Thursday agreed to work more closely together to establishing sustainable and reliable global battery supply chains, the Canadian government said in a statement.
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Visit: 183
Tesla supplier weighs Indonesia battery metal unit IPO
Mining News Pro - Chinese battery metals producer CNGR Advanced Material Co. is weighing an initial public offering of Indonesian assets as soon as the end of 2024, according to people familiar with the matter.
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Visit: 178
Zijin in talks with Argentina to turn lithium into battery cathode
Mining News Pro - China’s Zijin Mining Group Co. is in advanced talks to build a plant in Argentina that will turn some of the nation’s huge lithium reserves into cathodes used to make electric-vehicle batteries.
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Visit: 135
Patriot Battery Metals hits back at short-seller report
Mining News Pro - Canadian lithium explorer Patriot Battery Metals refuted on Monday claims published in a short-seller report, stating the assertions made by Night Market Research were “factually inaccurate and misleading.”
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Visit: 167
Tata to build $1.6 billion Indian EV battery plant, Gujarat says
Mining News Pro - India’s salt-to-software conglomerate Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around 130 billion rupees ($1.6 billion).
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Visit: 133
GM secures financial support for an EV battery plant in Quebec
Mining News Pro - General Motors Co. and Posco Future M Co., Ltd. have secured half of the financing for a C$600 million ($442 million) electric-vehicle battery component plant in Quebec from the provincial and federal governments.
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Visit: 214