Billionaire mining entrepreneur Robert Friedland has revealed plans to take his latest venture – Ivanhoe Electric – public, with a listing on either the New York or Toronto stock exchanges. The company, which focuses on developing predominantly US-based mines that will support the development of a...
The US is to provide around US$3.16 billion in grants towards the production of key battery metals, including lithium, cobalt and nickel, as the Biden administration seeks to boost domestic manufacturing of advanced batteries used in electric vehicles and energy storage. The grants, announced by the...
ASX-listed battery minerals company Prospect Resources has closed the US$377.8 million sale of its 87% interest in the Arcadia Lithium Project in Zimbabwe to a subsidiary of China’s Zhejiang Huayou Cobalt. Prospect has received $342.9 million in proceeds from the deal after the payment of $26.8...
ASX-listed Sayona Mining has received further confirmation of the quality of its spodumene ore from the Authier project in Canada, following successful testing by lithium-ion battery specialist NOVONIX. The tests, which were conducted at NOVONIX’s Battery Technology Solution laboratories in Nova Scotia, found samples from the...
US President Joe Biden is set to add a host of battery metals to the 1950 Defence Production Act, in a bid to encourage domestic production of critical minerals – or MIFTS (metals important for future technologies) – for electric vehicles (EVs) and other large...
Australia holds a ‘world-class competitive advantage’ ahead of the global green energy transition thanks to its deeply entrenched and broad-based commodities sector, according to EMR Capital executive chairman Owen Hegarty. The experienced mining executive struck a bullish tone on Australia’s role in the green transition in...
Investment bank Citigroup has significantly upgraded its price forecast for battery grade lithium carbonate to US$60,000 per tonne, on the back of ever increasing demand from the electric vehicle (EV) market. Lithium carbonate prices reached an all-time high last year and broke through the $40,000 per...
Sibanye Stillwater today announced it has scrapped a US$1 billion deal to buy the Santa Rita nickel mine and Serrote copper-gold mine in Brazil after a ‘geotechnical event’. The South African miner said the event at Santa Rita would have had a material and adverse impact...
Rio Tinto’s US$2.4 billion Jadar lithium project has been halted by the Serbian Government amid protests from a range of environmental groups. “All decisions (linked to the lithium project) and all licences have been annulled,” Serbia’s Prime Minister Ana Brnabic told reporters after a government session...
Lynas Rare Earths posted record revenue in the second quarter of the Australian financial year, based on rising demand for the metals and minerals required for the global clean energy transition. The ASX company’s revenue jumped nearly 70% to US$145.56 million for the December quarter. Lynas...