News

Lindian Resources set to add Kangankunde rare earth project to its portfolio
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ASX-listed bauxite explorer, Lindian Resources, has agreed to take full ownership of the Kangankunde rare earth element (REE) project in southern Malawi

Investments in Tajikistan’s mineral wealth led by China
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Tajikistan recorded a doubling of foreign direct investment (FDI) inflows in H1 2022 with the majority directed to the country’s mining industry (US$89M).

Glencore ferrochrome production adds to positive H1 2022 results
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Glencore released its H1 2022 attributable ferrochrome production statistics of 786kt, placing FeCr among five commodities that saw improved performance compared to last year.

USA Senate passes US$740Bn package tackling climate, the deficit and healthcare
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The Inflation Reduction Act contains the most substantial investment in history to fight the climate crisis: US$375Bn over the next decade.

Nio to branch out into new markets
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Rumours suggest that the Chinese electric vehicle manufacturer is to launch a new range of affordable EVs and a smartphone.

CBMM forms partnership on nanocrystalline materials in electromobility
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CBMM has teamed up with Germany-based innolectric AG to investigate whether nanocrystalline magnetic materials can significantly increase efficiency in electromobility.

US deployment of clean energy slows substantially in Q2
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Policy headwinds, rising costs, and supply chain issues have led to a 55% y-on-y decline in project installations.   

Vanadium: more deals in 2022 suggest that VRFBs are getting traction
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Largo Clean Energy has signed a non-binding memorandum of understanding with Ansaldo Green Tech.

Lynas prepares to accelerate rare earth production
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ASX-listed Lynas has announced updated plans for expanding operations at its flagship Mt. Weld mine and concentrate plant in Western Australia.

Positive feasibility results for Euro Manganese
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The owners of the Chvaletice Manganese Project announced a positive feasibility result for the production of HP MSM and HP EMM from historical mine tailings.

Huayou Cobalt and LG Energy partnership points to growth in cobalt recycling
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LG Energy, the world's second-largest EV battery maker, has partnered with Huayou Cobalt, the world's biggest cobalt refiner, to build two new battery recycling plants in China.

TNG secures more funding for vanadium-titanium-iron project
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TNG Limited (ASX: TNG) has received further conditional finance for its flagship Mount Peake vanadium-titanium-iron project in the Northern Territory. 

Is the future of wind energy rare earth-free?
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UK-based engineering firm, GreenSpur Wind, and US magnet manufacturer, Niron Magnetics, have announced a successful collaboration to develop rare earth element (REE)-free wind turbine generators.

South Africa looks to energy storage to help solve Eskom woes
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Eskom has announced details of forthcoming Battery Energy Storage System deployments, as South Africa looks to solve the country's energy crisis. 

Construction starts at Pensana’s UK Saltend facility with secured government support
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Pensana broke ground to commence construction of its Saltend rare earth plant project in the UK. With the UK government launching its Critical Minerals Strategy at the Saltend site, Pensana announced that it has secured funding from the UK’s £1Bn Automotive Transformation Fund (ATF) to support the development of a rare earths processing hub.

Indonesia and its nickel industrial strategy attracting more investment
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A recent announcement by PT Trinitan Green Energy Metals (TGEM) indicated plans to build a 50ktpy class 1 nickel processing facility for the production of battery-grade nickel in an integrated “INGNITE” Eco-Industrial Park in the Sorong Special Economic Zone (SEZ), West Papua, Indonesia.

Appeal for Chinese manganese alloy producers to cut production
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The Manganese Committee of the China Ferroalloy Industry Association called on its members to reduce ferroalloy production by 60% while minimising the purchasing of foreign manganese ore.

World crude steel production drops 5.5% y-on-y in H1
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World crude steel production declined 5.9% y-on-y in June and 3.3% y-on-y in China. For H1 2022, the respective y-on-y drops were 5.5% and 5.6%.     

Northvolt partners with Stora Enso to develop wood-based battery anodes
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Northvolt and Stora Enso have agreed to jointly develop a novel battery anode technology using lignin-based hard carbon produced from Nordic forest wood. 

China sets up a new company aimed at taking more control over iron ore
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China Mineral Resources Group is a conglomerate with a registered capital of US$3Bn aiming to increase China’s control over bulk commodities, primarily iron ore.  Its scope covers mining, ore processing and trading.

Niobium: Globe Metals & Mining reports progress at Kanyika
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Globe reported that it is closer to the finalisation of its mining development agreement with the Malawi Ministry of Mining