News

Scandium gets its first independent conference this year
Events   

The 1st International Scandium Symposium was held in Las Vegas, following the rare earths industry conference.

ICSG predicts copper surplus in 2023
Blue View   

The global copper market is expected to see a deficit of about 325kt this year and a surplus of 155kt in 2023, the International Copper Study Group (ICSG) said earlier this week.

EU renewables offset €11Bn of gas costs during Ukraine war
Blue View   

New study shows wind and solar energy generated 25% of EU electricity since the beginning of the war in Ukraine, with year-on-year growth saving the equivalent of €11Bn (US$10.7Bn) in imported gas costs.

US announces US$2.8Bn in grants for EV batteries and materials
Blue View   

The Biden administration awarded US$2.8Bn of grants to boost domestic production of electric vehicle (EV) batteries and component materials across 12 states, in a bid to reduce the US reliance on supplies from China.

Fluorine Forum 2022 concerned about future fluorspar supply
Events   

Last week, fluorine (and fluorspar) market participants met in Hanoi, Vietnam, for Fluorine Forum 2022.  Project Blue presented a global fluorspar supply overview alongside changes and challenges facing the industry.

Reading tea leaves: Xi Jinping’s speech at the 20th Communist Party Congress
Blue View   

Markets had been waiting for Xi Jinping's speech at the 20th Chinese Communist Party (CCP) Congress with expectations that it would give clues about short-term economic measures and when the ‘zero-COVID’ policy will be relaxed. These hopes were dashed but, nevertheless, the speech contained some hints about China’s longer-term path which are worth highlighting.

Vanadium redox flow batteries (VRFBs) to fundamentally restructure vanadium supply chain
Announcement   

Project Blue’s Vanadium Market Service explores what the commercialisation of the technology will mean for the critical material market. 

10-minute EV battery charge could reshape EV battery landscape
Blue View   

Research from Pennsylvania State University has demonstrated a high-density electric vehicle battery that can be charged in around 10 minutes to offer a range between 200 and 300 miles.

GM to invest in Australian nickel and cobalt project
Blue View   

GM announced last week that it had secured a new source of cost-competitive nickel and cobalt for Ultium battery cells after making a strategic investment in Queensland Pacific Metals of Australia.

South Africa’s mineral exports disrupted as rail and port strikes intensify
Blue View   

South African state-owned logistics group Transnet has been plagued by a union strike since the 6th of October, which is expected to intensify after the tabled offer was rejected.

Rio Tinto commits to boosting Canadian scandium and titanium output
Blue View   

Rio Tinto will partner with the Government of Canada to decarbonise its Rio Tinto Fer et Titane (RTFT) operations and boost critical minerals processing with a focus on aerospace metals. 

Mercedes-Benz results reinforce EV future
Blue View   

Mercedes-Benz announced Q3 2022 results with battery electric vehicle (BEV) sales up 115% year-on-year. Deliveries of hybrid and battery EV models reached nearly 76 thousand in Q3, equivalent to a 15% share of global deliveries.

New set-back for British battery cell production hopes
Blue View   

Britishvolt is reportedly in talks over a potential sale of its main factory site, putting at risk one of the UK’s biggest EV battery cell factory developments.

By- and co-product chromite production ramping up
Blue View   

Tharisa released its latest quarterly production report with co-production of platinum group metal (PGM) up 2.3% y-on-y to 45.3koz (up 7.6% q-on-q) and chromite concentrates up 5.1% y-on-y to 416.2kt (up 6.8% q-on-q).

Neodymium’s share of rare earth elements market value is at its peak
Announcement   

Project Blue’s Rare Earth market intelligence analyses the full suite of rare earths and their applications. Our independent analysis and forecasts suggest that neodymium’s share of the total rare earth industry value has peaked.

Cobalt mining returns to the USA
Blue View   

Jervois Global Limited officially opened its Idaho Cobalt Operations (ICO) mine site near Salmon, Idaho in the USA last Friday.

Silicon metal production returns to South Africa
Blue View   

Ferroglobe has (again) announced its intention to restart its Polokwane silicon metal plant, which has been idle since 2019. The decision to restart the facility was made as a result of the market’s rising demand for silicon metal. 

Vale considers selling stake in copper and nickel business
Blue View   

Yesterday the Financial Times reported that Vale is in discussions to sell a US$2.5Bn minority stake in its metals business, as it seeks to boost its copper and nickel output to meet the growing demand for the energy transition.

Updated PEA expands heavy rare earth potential from Namibia’s Lofdal
Blue View   

Namibia Critical Metals released results from its updated PEA, which expands the run-of-mine to 2Mtpy of ore grading 0.1-0.2% total rare earths with a 16-year life-of-mine for the Lofdal heavy rare earth element project in Namibia.

South32 aims to accelerate development of US manganese mine for EV market
Blue View   

In a Bloomberg interview, CEO Graham Kerr suggested that automakers are “super keen” to secure supply from the company’s Clark Deposit in Arizona.

Rivian on track for 25,000 EVs target
Blue View   

Rivian Automotive announced it produced 7,363 electric vehicles (EVs) in Q3. The Illinois-based EV automaker believes it is on track to produce 25,000 EVs in 2022.