Report looks at recycling battery metals to meet rising demand
A new report suggests that recycled metals could meet a significant part of the rising demand from electric vehicles (EVs), decreasing some of the need for new mine supply. The…
cobalt
US Department of Energy provides funds for First Cobalt’s Iron Creek project
The U.S. Department of Energy’s Critical Materials Institute is giving Toronto-based junior First Cobalt (TSXV: FCC; US-OTC: FTSSF) US$600,000 over two years for research on mineral processing techniques for the…
Vale mulls base metals spinoff to tap EV market
Vale (NYSE: VALE), the world’s no.1 nickel producer, is evaluating a potential spinoff of its base metals division as part of the miner’s growing interest in the electric vehicles (EV)…
Glencore shareholders revolt over CEO’s pay
Proxy adviser Glass Lewis, one of Glencore’s (LSE: GLEN) top shareholders, is pushing investors to vote against the company’s plans to pay its new chief executive Gary Nagle up to…
CRU World Copper Conference: Friedland on the new world order
Robert Friedland, the founder and executive co-chairman of Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) gave a keynote presentation at this year’s virtual CRU World Copper Conference. Filmed from his home…
US markets mixed, March 29-April 1
The Dow Jones Industrial Average rose 0.24% to finish the week at 33,153.21 and the S&P 500 fell 0.77% to 3,913.10. Spot gold dropped US$3 per oz., or 0.17%, to US$1,730.30…
Battery metals snapshot: Eight companies developing critical metals for the future
As the world moves away from fossil fuels, battery metals are in high demand, especially with a shortage of supply from low-geopolitical risk jurisdictions. For instance, earlier this year, Canada…
UEX hits high-grade cobalt-nickel mineralisation at West Bear
UEX (TSX: UEX; US-OTC: UEXCF) has reported drill results from the Michael Lake zone on its 100%-owned West Bear cobalt-nickel deposit in the eastern Athabasca basin of Saskatchewan, about 740 km…
Congo launches state-owned cobalt miner
The Democratic Republic of the Congo (DRC) has officially begun operations at Entreprise Générale du Cobalt (EGC), a state-owned company with monopoly rights to the purchase and sale of the…
Vale sells New Caledonia nickel assets to Trafigura
Vale (NYSE: VALE) has concluded the sale of its nickel and cobalt operations in New Caledonia, a French territory in the Pacific, to a consortium called Prony, which includes commodity…
First Cobalt secures five-year cobalt sulphate offtake contract
As First Cobalt (TSXV: FCC; US-OTC: FTSSF) readies for a restart of its Ontario refinery next year, the company has announced a five-year offtake agreement with London-based metals trader Stratton…
Canada needs to work toward gaining leadership in the EV revolution, Roskill report states
An analysis by Roskill states that Canada’s access to key battery raw materials gives the country an advantage when it comes to cell and module production.