Glencore talks nickel with car, battery makers
Global miner and commodities trader Glencore (LSE: GLEN) is close to securing nickel supply deals with automakers and battery producers amid a looming squeeze in the market and Tesla CEO…
cobalt
Gold rally lifts top 50 mining stocks above US$1T for first time
MINING.COM’s ranking of the world’s 50 largest mining companies based on market value shows an industry recovering from its Covid-19 slump and moving into positive territory for the fourth quarter…
US grabs stake in battery metals miner to fight Chinese control
The U.S. government is taking a US$25 million equity stake in Dublin-based battery metals miner TechMet, as part of a push by President Donald Trump to reduce the country’s reliance…
Jervois Mining to buy cobalt, nickel refinery in Brazil
Jervois Mining (TSXV: JRV; US-OTC: JRVMF) is buying a nickel and cobalt refinery in Brazil from Companhia Brasileira de Alumínio for 125 million reals (US$22.1 million) in an effort to…
Power outage damages equipment at Lundin’s Chapada mine in Brazil
Lundin Mining (TSX: LUN) has withdrawn its 2020 production, cash cost and capital expenditure guidance for its Chapada copper and gold mine in northern Brazil after a power outage caused damage…
Commentary: Mines are the biggest holes in Tesla’s $25,000 car plans
During Tuesday’s much-hyped battery day, Tesla CEO Elon Musk laid out plans to put everyone behind the wheel (or is that sleeping in the back?) of a $25,000 car that…
Tesla to eliminate cobalt from electric vehicles
At Tesla’s live-streamed Battery Technology Day this week, chief executive Elon Musk outlined the company’s plans to build a US$25,000 electric vehicle (EV) with a cheaper, more powerful battery that…
Prairies snapshot: Eight companies to watch
Manitoba and Saskatchewan are among the world’s premier jurisdictions for mining and mineral exploration. Here’s a look at eight companies with assets in the provinces. ALX Resources ALX Resources (TSXV:…
Atlantic Nickel extends Santa Rita mine life to 34 years
Appian Capital Advisory’s Atlantic Nickel has released the results from a preliminary economic assessment (PEA) of its wholly owned Santa Rita nickel-copper-cobalt mine in northeastern Brazil. Santa Rita, one of…
Vale to shut New Caledonia mine as buyer walks away
Vale (NYSE: VALE) is preparing to potentially shut down its nickel and cobalt operations on the Pacific island of New Caledonia, after failing to reach a sales agreement on the…
TSX down, Aug. 31-Sept. 4
The S&P/TSX Composite Index fell 2.92% to 16,218.01 during the Aug. 31-Sept. 4 trading week. The S&P/TSX Global Base Metals index dropped 0.66% to 104.84, and the S&P/TSX Global Gold…
Glencore’s Mutanda mine on care and maintenance for ‘two years at least’: report
A year ago, Glencore (LSE: GLEN) announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70%…