News

Mercedes-Benz gears up transition to electric vehicle production
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Mercedes-Benz is retooling its production setup for electric drive systems from 2024, including batteries, electric drive units and axles, as the luxury car brand prepares to go fully electric by 2030.

Canada unveils new critical minerals strategy
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The Canadian Government has released an updated Critical Mineral Strategy, heavily promoting the development of its domestic critical materials industries and aiming to reduce its reliance on foreign supply chains.  

Protectionism under the cover of climate change?
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The USA and EU are contemplating a policy combining trade and emissions reduction measures - using tariffs to penalise metals, primarily steel and aluminium, produced in countries with higher carbon intensity.

Vale targets mid-2023 for base metals reorganisation
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Vale confirms that it will separate its base metals operations into a distinct entity from its main iron ore business by the end of H1 2023. 

Europe refreshes legislation to ease recovery of critical materials from end-of-life batteries
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The European Council and Parliament signed a provision agreement introducing more stringent targets for battery recycling, product design and supply chain monitoring.

Australian Government developing a new critical minerals strategy
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The strategy will outline priorities for how Australia can create economic opportunities across the nation and seize the opportunities of the net zero transformation.

Winsome Resources to purchase shares in Power Metals Corp from Sinomine Rare Metals Resources.
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Winsome Resources has announced a binding agreement to purchase 7.5M shares in Power Metals Corp (PWM) from Sinomine Rare Metals Resources.

Hitachi developing ferrite magnet motors for EV drivetrains
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Hitachi Metals has simulated the use of ferrite magnets in optimised motor designs, suggesting an output level similar to that of motors using rare earth magnets.

OMH set to diversify into renewable energy downstream products
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OM Holdings continues to move ahead with furnace expansion to increase manganese alloy output and diversify production into silicon metal at its ferroalloy smelter in Samalaju, Malaysia.

ERG and Gécamines to restart copper and cobalt production at Boss Mining
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Eurasian Resources Group (ERG) and DRC state-owned-enterprise Gécamines announce the restart of mining operations at the DRC operation.

Tsingshan Holdings Group to develop Lithium supply chain in Zimbabwe
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Tsingshan continues a surge of Chinese investment in Zimbabwean lithium operations during 2022.

Fire breaks out at IGO’s Nova mine
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IGO has suspended all operations at its Nova mine after the site’s diesel engine room caught fire.

Next wave of lithium projects advance development and grow resource bases
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Sigma Lithium and Lithium Chile have updated reserve and resource estimates in Brazil and Chile respectively.

Will battery demand trends reshape manganese supply chain?
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Project Blue's Manganese Market Service explores how long-term steel and battery trends will impact the supply chain.

CME Group’s cobalt futures grows in popularity
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According to Reuters, activity in CME Group's cobalt futures has soared far above London Metal Exchange volumes this year.

Terrafame and Renault agree nickel sulphate supply deal
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Finnish multi-metal producer, Terrafame, and French automotive company, Renault, have signed a multi-year agreement for the supply of nickel sulphate for use in EV batteries.

Indonesia to appeal WTO nickel trade ruling
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Indonesia’s president, Joko Widodo, revealed his country would appeal a trade dispute ruling brought forward by the European Union (EU) relating to Indonesia’s 2020 nickel ore export ban.

Beijing approves trading of industrial silicon futures
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China’s securities regulator has approved trading of industrial silicon futures and options on the Guangzhou Futures Exchange.

Another project upgrading to a mixed rare earth compounds product
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RareX announced simplifications to its scoping study together with its latest drilling results from its 100%-owned Cummins Range project, indicating plans to release an updated resource estimate in Q1 2023.

POSCO Chemical finishes construction at expanded Gwangyang cathode production facility
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POSCO Chemical completed construction at the expanded Gwangyang cathode production facility in November, which will ramp-up production of high-nickel cathode active materials for EVs and ESS applications.

Delivering critical material ambitions - review of the 2nd annual CMA conference
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The Critical Minerals Association & Geological Society Business Forum hosted a conference on delivering the UK's critical minerals ambitions.