News

Stimulus funds for construction projects announced in China to boost economy
Blue View   

The Chinese government has announced that it is making funds available for construction projects to help the country out of its economic slump and boost employment in the downturn.

Nava Bharat terminates Tata Steel’s ferrochrome conversion agreement
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Nava Bharat Ventures has terminated the conversion agreement with Tata Steel Mining for the production of ferrochrome and will convert the furnace in November to produce ferromanganese.

Volkswagen looks to Canada to build electric vehicle batteries
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European car manufacturer Volkswagen has signed a memorandum of understanding with the Canadian government to explore opportunities to build out a North American gigafactory for electric vehicle battery manufacturing.

July steel production continues the decline - no end in sight
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World crude steel production dropped -6.5% y-on-y in July, confirming the trend observed over the past few months, amidst a deteriorating macro environment, a perduring conflict in Ukraine and the zero-COVID policy in China.

Project Blue’s Rare Earth Market Service: Out Now
Announcement   

Project Blue has released its Rare Earth Market Service. Stay you up-to-date with the latest developments, trends, and risks across the industry.

BYD adds battery and lithium capacity in China
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BYD plans to invest US$4.1Bn in a battery factory and lithium project in Yichun, Jiangxi province.

Moroccan manganese resources for the EV material supply chain
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Gold Lion Resources announced the development and exploration of a manganese mine in Morocco by signing a letter of intent to acquire a 50% interest in a mining license from Ermazon, a wholly owned subsidiary of Elcora Advanced Materials. 

BMW Group signs agreement for green steel supply
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H2 Green Steel announced that the Swedish company signed an agreement with German automaker BMW Group for the supply of green steel as part of several measures agreed between the parties for BMW to meet its carbon reduction targets.

Chemours commences commissioning new heavy mineral sands mine in Florida
Blue View   

Leading titanium dioxide producer, Chemours, has kicked off commissioning at Trail Ridge South, an expansion of its existing Trial Ridge operation in Clay County, Florida, USA.

China’s H2 2022 rare earth quota soars full-year potential to record levels
Blue View   

The Ministry of Industry and Information Technology of China’s Ministry of Natural Resources issued the second batch of 2022 rare earth mining and separation quotas, ramping up 25% y-on-y to over 200kt rare earths.

Arab Alloys launches industrial complex in the Suez Canal Economic Zone
Blue View   

Arab Alloys is establishing a US$52M industrial complex in the Suez Canal Economic Zone to produce 48kt of ferrosilicon as well as ferro-silicomanganese and silicon metal.

US Inflation Reduction Act resets EV tax credits
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President Biden signed into law legislation that will reshape the tax incentives associated with EV production and sales in the USA. While established players such as Tesla now become eligible again, all manufacturers will now have to show ‘domestic’ sourcing of key components and materials to qualify.

The growing role of rare earth elements in magnetic levitation
Blue View   

China successfully completed a pilot run for the first suspended magnetic levitation (maglev) train line powdered by rare earth element (REE) permanent magnets. 

Invinity Energy Systems and US Vanadium eye US VRFB joint venture
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The companies have signed an MOU expressing mutual intent to create a US-based JV focused on building and selling VRFBs.

Union strike threatens shutdown at South African ferrochrome operations
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The National Union of Metalworkers of South Africa (Numsa) has lodged a wage dispute at the Metal and Engineering Industries Bargaining Council over its demand for a 15% across-the-board wage increase against Samancor Chrome’s 6% offer, according to the statement.

Heavy rare earth mining in Myanmar in the spotlight
Blue View   

A recent report by Global Witness showed the wide extent of in-situ leaching rare earth mining in Myanmar, following remote sensing imagery commissioned earlier this year.

DARPA & USGS explore machine learning and AI to accelerate critical mineral assessments
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The project aims to speed up the assessment of the nation’s critical mineral resources by automating key steps in the process.

CATL to build a new lithium-ion battery plant in Hungary
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China’s CATL will build a US$7.5Bn battery plant in the city of Debrecen, increasing its position in Europe. 

South African energy regulations changes could open up increasing support from major miners
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Glencore has shown support for President Ramaphosa’s relaxing of the 100MW cap in energy supply from the private sector

Transnet turning to the private sector for a greenfield rail and deep-sea port
Blue View   

Transnet has issued a Request for Qualifications from private developers for a new deep-water port at Boegoebaai in the Northern Cape province of South Africa.

Tesla spends US$5Bn on Indonesian nickel
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Tesla has reportedly signed a deal to purchase nickel from companies operating in the Morowali Industrial Park.