Australia’s Lynas Rare Earths announced yesterday that its 100%-owned subsidiary has signed a US$120 million follow-on contract with the US Department of Defense (DoD) to establish a commercial Heavy Rare Earths (HRE) separation facility in the US. The first of its kind facility in the US...
Goldman Sachs has published a research note suggesting that the high price environment for the battery metals lithium, cobalt and nickel will soon come to an end, followed by a ‘sharp correction’ in the space. While the investment bank sees long term prospects for the battery...
Canadian cleantech firm Rock Tech Lithium has been named on the 2022 TSX Venture 50, after graduating to Tier 1 of the Exchange in June last year. The TSX Venture 50 is an annual ranking of top performers on TSX Venture Exchange (TSXV), based on year-over-year...
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...
In a new research note, Goldman Sachs has indicated that the copper price is ‘building towards a breakout’, as the global economy – driven primarily by China’s property market – shows further signs of recovery. At the start the year, investors will have been hoping for...
Canada’s Rock Tech Lithium and Germany’s Bilfinger SE have agreed to work together on building Europe’s first lithium converter and refinery, in a bid to meet increasing demand for electric vehicles in the region. The mining company and industrial services provided have signed a memorandum of...
Rio Tinto has agreed to buy the Rincon brine project, located in the heart of the South America’s renowned lithium triangle in Argentina’s Salta Province, in a deal worth US$825 million. The world’s second largest mining company said the deal demonstrates its commitment to build its...
Albemarle Corp boosted its 2021 sales forecast this week after posting an adjusted third quarter profit that beat analyst expectations, largely thanks to rising lithium prices. The world’s largest lithium producer saw its sales of the metal – dubbed ‘the new white gold’ - jump 35%...
Seabed minerals exploration outfit DeepGreen Metals has revealed plans to go public in a merger with a NYSE-listed special purpose acquisition company (SPAC). The deal with Sustainable Opportunities Acquisition Corp (SOAC) will value the combined entity at US$2.9 billion and include a $330 million infusion from...
Freeport-McMoRan chief executive Richard Adkerson has revealed that the mining giant is set to greenlight expansions at several of its US copper mines against a backdrop of rapidly rising demand for the strategic metal. Phoenix-based Freeport is aiming to capitalise on President Joe Biden’s pledge to...