News

What will be the impact of the UK’s critical minerals strategy?
Blue View   

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 announced increased EV sales and operating margins for Q2
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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. 

South African manganese mine production statistics available to date show a 5.9% decline
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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.

Arafura Resources signs deal to supply NdPr to GE Renewable Energy
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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’s antimony production down in the second quarter
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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.

Jubilee Metals Group commissions Zambia copper-cobalt refinery
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Jubilee’s Sable Refinery expects to start commercial production of copper and cobalt in August 2022.

CATL close to LMFP commercialisation
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CATL has reportedly announced plans to mass produce its Qilin LMFP batteries by 2023.

Pilbara Minerals issues spodumene concentrate auction update
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Last week, Pilbara Minerals updated the market on the results of its latest spodumene concentrate auction, held via its digital Battery Material Exchange platform. 

Panasonic to build a US$4Bn electric vehicle battery plant in USA
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The Japanese technology giant, which supplies most of Tesla's EV batteries, will build its new battery plant in De Soto, Kansas. 

Nouveau Monde Graphite issues results of a feasibility study
Blue View   

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: weak demand versus tight supply… will prices hold up?
Blue View   

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.

Vanadium: Neometals announces positive cost study results
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Last week, Neometals announced the completion of a cost study on the Vanadium Recovery Project in Finland.  

DFS released for Songwe Hill rare earth project
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Mkango Resources announced the results of a DFS for its Songwe Hill rare earth element (REE) project in south-eastern Malawi.

Ganfeng Lithium to buy Lithea for US$962M
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The Chinese lithium giant is to make yet another acquisition in Argentina as it looks to strengthen its competitive position.

Copper prices close at 30-month low – what happened to the commodity super cycle?
Blue View   

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.

European ferrochrome benchmark drops for first time since start of pandemic
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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.

Vanadium: plans to construct and operate a metals supercentre in Saudi Arabia
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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.

Trouble at Tenke? What does the future hold for CMOC's DRC copper and cobalt assets?
Blue View   

The last week has seen news of investment at Kisanfu but suspension of sales and marketing at Tenke Fungurume.

Emirates Global Aluminium aiming to secure captive silicon metal requirements
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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.

Daimler puts its first liquid hydrogen fuel-cell truck to the test
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Daimler Truck has started tests on a fuel-cell prototype truck using liquid hydrogen as their fuel source.

Wyloo Metals restarts exploration in newly acquired Ring of Fire assets
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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.