News

Saudi Arabia announces a US$6Bn investment in a steel complex
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Saudi Arabia’s Ministry of Industry and Mineral Resources said it has secured US$6Bn for a steel plate mill complex and EV battery metals plant as part of plans to attract US$32Bn of investment into the mining sector.

World Shipping Council wants consensus on rules
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World Shipping Council members want the International Maritime Organisation to revisit greenhouse gas emission regulations.  The IMO’s marine environmental protection committee will meet again in June 2022.

Outokumpu reports strong Q1 and plans to stop business with Russia
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Outokumpu reported strong deliveries of stainless steel for Q1, with financial results boosted by higher raw material prices. Its President & CEO noted that the company will stop business operations related to Russia.

 

Li-Cycle announces strategic partnership with Glencore
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The lithium-ion battery recycling leader and diversified natural resources giant have struck a global feedstock supply agreement for manufacturing scrap and end-of-life lithium-ion batteries.

Rio needs more renewable energy to lower it’s carbon footprint?
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Rio warned that its efforts to move its Australian iron ore operations away from fossil fuels are likely to be constrained by the slow roll-out of renewable energy sources.  It also declined to set scope three emissions targets.   

USA commits more spending on lithium-ion batteries
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The Biden administration pledges to spend more than US$3Bn to support the domestic manufacturing of batteries used in EVs and energy storage in its latest commitment to building a robust US supply chain. 

China’s BYD set to hit pole position in electric vehicle sales
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BYD, China’s biggest electric vehicle manufacturer, produced record Q1 sales of 286,329 electric and hybrid vehicles. In Q2, the company is set to overtake Tesla as the largest EV manufacturer by sales.

Jervois Global moves a step closer to São Miguel Paulista refinery restart in Brazil
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Jervois Global completes BFS for Stage 1 of São Miguel Paulista Nickel and Cobalt refinery restart to process mixed nickel hydroxide and cobalt hydroxide through to metal.

CSIR study identifies 18 critical and strategic minerals in South Africa
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The CSIR released a report on the potential and resource risk for developing a circular economy in South Africa’s mining sector, identifying South Africa's critical and economically viable minerals.

Is Croatia set to become Europe’s new solar capital?
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Croatia’s Government has published a list of 216 renewable energy projects under review. The projects have a combined capacity of 5.95GW including a 950W solar park to be located in Šibenik-Knin.

Will the Zambian Government find an investor for Mopani Copper Mines?
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Zambia’s Government is close to finding an investor for Mopani Copper Mines, according to President Hakainde Hichilema.  However, it is likely that the assets will need considerable improvement. 

Indonesian minister meets Musk to discuss nickel and battery industry
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The Coordinating Minister for Economic Affairs met with Tesla CEO Elon Musk in Austin, Texas, to restart talks about the possibility for Tesla to take part in the nickel and battery industry in Indonesia.

Nornickel Q1 results show mixed fortunes for nickel, copper and palladium
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Nornickel Q1 nickel production rose year-on-year owing to the recovery of two of its mines.  Copper output was flat, while palladium output fell when compared to the high levels produced in Q1 2021.

With the neodymium market tightening, can Ce-NdFeB magnet tech step up?
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The Department of Magnetic Materials in the Powder Materials Division at the Korea Institute of Materials Science (KIMS) published results on improved magnetic properties for Ce-NdFeB magnets.

Sumitomo Metal Mining to exit Indonesian nickel partnership with Vale
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After a disagreement over construction scheduling and costs, the partners will no longer work together on the 40ktpy nickel mixed sulphide precipitate project in Indonesia.

South African media shines spotlight on large-scale illegal chromite mining
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The number of large-scale illegal chromite mining operations in the heart of the country's Western Bushveld is increasing. Many illegal mines are now mechanised and are operating in broad daylight.

Shaeffler signs rare earths deal with hopes to produce its own e-motor magnets
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German auto parts supplier Schaeffler has signed a five-year deal with Norway's REEtec to supply rare earth oxides to support its transformation into an e-motor supplier with captive magnet production.

Mexico continues with plans to nationalise its future lithium production
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Mexico's Congress passed a bill to nationalise lithium, tightening control over its domestic supply chain.  The bill has attracted some criticism, on the grounds that it may limit investment into Mexican mining projects.

LG Energy switches to Indonesia to build USD$9Bn EV supply chain
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A South Korean consortium led by LG Energy Solution will invest USD$9bn to build a mine-to-manufacturing battery supply chain in Indonesia. LG is looking to reduce its reliance on Chinese suppliers.

US Department of Energy to fund Syrah Technologies graphite facility
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The US Department of Energy’s Loan Programs Office announced a conditional commitment to lend up to US$107M to Syrah Technologies for its Syrah Vidalia Facility in Louisiana.

General Motors to source cobalt from Glencore's Murrin Murrin
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Glencore and General Motors have announced a multi-year sourcing agreement in which Glencore will supply the automotive giant with cobalt from its Murrin Murrin operation in Australia.