Last week, the UK Government published Resilience for the Future: The UK’s critical minerals strategy. Project Blue assesses what the strategy is likely to mean for the country.
Volvo, the Swedish car manufacturer, increased sales of electric and hybrid vehicles as a share of overall sales to 31%. Battery EV profit margins improved from 13% in Q1 to 15% in Q2.
The latest mine production statistics available for May 2022 from the South African DMRE suggest that manganese production in the country was down 5.9% year-on-year for the January to May period.
GE Renewable Energy and Arafura Resources have signed a non-binding memorandum of understanding to supply neodymium and praseodymium (NdPr) oxides to help power GE’s Haliade-X offshore wind turbines.
Mandalay Resources announced “below expectations” production statistics for Q2 2022 with 11.1koz of gold and 523t of antimony contained in concentrates mined at the Costerfield deposit in Australia.
Last week, Pilbara Minerals updated the market on the results of its latest spodumene concentrate auction, held via its digital Battery Material Exchange platform.
The Japanese technology giant, which supplies most of Tesla's EV batteries, will build its new battery plant in De Soto, Kansas.
Canadian-based Nouveau Monde Graphite (NMG) has issued results of a NI43-101 compliant feasibility study for its vertically-integrated graphite operation comprised of its Matawanie mine and Becancour plant projects.
Antimony demand has seen several downturns this year, but prices remain high. Official May trade data shows that imports of antimony concentrate to China are down 44% year-on-year, causing stocks to be drawn down quickly.
Copper three-month contract prices fell to USD$7,540/t last week, the lowest level since November 2020. Despite copper’s essential role in future energy transition, current headwinds continue to point to falling prices.
Merafe Resources published a US$1.80/lb Cr price for the Q3 2022 European ferrochrome benchmark, dropping 16.7% compared to the Q2 price of US$2.16/lb Cr.
Last week, Shell & AMG Recycling, Aramco, and UCI announced plans to construct and operate a Metals Reclamation Complex for the recovery and recycling of metals in Saudi Arabia.
The last week has seen news of investment at Kisanfu but suspension of sales and marketing at Tenke Fungurume.
Emirates Global Aluminium (EGA) is planning to commission a captive silicon metal plant in the UAE to de-risk the company’s import reliance of its aluminium business.
Australian-based mining company Wyloo Metals, which completed its acquisition of Noront Resources in April, has restarted exploration in Canada’s Ring of Fire with a drilling program at Blue Jay.