Panasonic to build US$4B battery plant in US to supply Tesla
Japan’s Panasonic is deepening its ties with electric vehicles (EVs) maker Tesla by planning a battery plant in Kansas, which will cost US$4 billion. The facility is expected to supply…
Asia
Weak steel demand puts pressure on iron ore prices, BofA says
Bank of America warns weak steel demand will mean “further room to the downside” for iron ore prices. “In our view, with our base case of annual crude steel production…
Uranium market anticipates nuclear revival – but lots could still go wrong
In this issue, we bring you our popular annual look at “Canada’s Top Ten” — this year focused on Canada’s biggest mining companies, precious metals juniors, and base metals and…
China’s Tianqi Lithium lists on Hong Kong stock market
Shenzhen-listed Tianqi Lithium has raised about HK$13.5 billion (US$1.71) billion in a secondary listing on the Hong Kong Stock Exchange, according to the Financial Times. The British daily newspaper reported…
Precious metals miner Sibanye-Stillwater seeks control of Finnish lithium firm
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) revealed on Thursday that is in talks to take a controlling stake in Finnish lithium firm Keliber, adding that the plan is to…
Video: Energy metals panel discuss why the emerging critical minerals supply chain is key to cutting carbon
As demand for critical minerals increases in the society-wide push for decarbonization, the Covid-19 pandemic, Russia’s invasion of Ukraine, and China’s control over critical minerals have demonstrated how important it…
Post-pandemic demand, Russia-driven supply troubles buoy copper price outlook
Analysts expect historically high prices for copper, aluminum, nickel, zinc, steel, and other base and precious metals to benefit miners in the year’s second half. Credit rating agency Moody’s Investors…
Miners must invest in critical minerals or risk energy transition
The world’s biggest miners need to aggressively invest in critical metals or will hold back the global energy transition away from fossil fuels, a new report shows. According to PwC’s 19th…
Lithium supply struggles to keep up with demand – report
While prices for battery-making products such as lithium spodumene, carbonate and hydroxide have rallied by 1,553%, 1,057% and 744%, respectively, since mid-2020, the lithium market will struggle to remain balanced…
Base and Battery metals Snapshot: Eight companies to watch
As the world continues to electrify and concerns escalate around the supply of raw materials, including copper, zinc, lithium, and PGMs, required for the transition away from fossil fuels, base…
China drags down entire industrials metals complex – Fitch report
Analysts expect slowing Chinese GDP growth to weigh on most metals prices in the near term. However, they also note strong fundamentals providing optimism for metal prices to see some…
Higher prices do not incentivize more production: BofA report
Higher commodity prices are not high enough to incentivize new production to come online, as slowing demand from China weighs heavy, especially on copper. Bank of America recently hosted its…