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...
Canada’s latest federal budget will include an investment of at least US$1.6 billion for a strategy to accelerate the production and processing of critical minerals required for the electric vehicle (EV) battery supply chain, according to two senior government sources. Prime Minister Justin Trudeau will reveal...
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...
Glencore and Managem have entered into a partnership to produce cobalt from recycled cobalt, nickel and lithium at the Moroccan mining firm’s CTT Hydrometallurgical Refinery near Marrakech. The diversified mining giant will enter into a 5-year tolling agreement with Managem’s subsidiary CTT for around 1,200 tonnes...
Spending on exploration in the Australian mining sector surged by close to a third in the September quarter – to US$618 million - driven by surging prices for battery metals such as copper, nickel and lithium. The latest quarterly spending total was compiled in a report...
Canadian firm First Cobalt will change its name to Electra Battery Materials, as it looks to deliver North America’s first specialist facility for producing electric vehicle (EV) battery materials such as cathode chemicals. The TSXV-listed firm, which owns three cobalt assets across North America, now aims...
ASX-listed Galileo Mining has started a 10,000 metres air core (AC) drilling campaign at its Norseman Project in the Kambalda nickel belt of Western Australia (WA). The programme will test multiple prospective palladium and nickel targets within the region that have been identified by soil sampling...
Australian Mines Ltd has entered into a six-year agreement to supply South Korea’s LG Energy Solution with key battery metals from its US$1.5 billion Sconi Cobalt-Nickel-Scandium Project in Queensland. LG Energy, a subsidiary of LG Chem, will purchase 71,000 dry metric tons of nickel and 7,000...
The Democratic Republic of Congo (DRC) has reportedly banned the export of copper and cobalt concentrate, just days after Ivanhoe Mines’ large-scale Kamoa-Kakula project commenced production. Data provider Fastmarkets said it confirmed with three companies operating copper and cobalt mines in the DRC, who had each received...
The Democratic Republic of Congo (DRC) has confirmed that operations have begun at Entreprise Générale du Cobalt (EGC) – an enterprise that aims to oversee the purchase and sales of cobalt produced by artisanal miners. The state-run company was created a year ago to help control artisanal...