Rio Tinto says 60 Jadar mines wouldn’t fill looming lithium gap
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has joined the rising chorus of companies and analysts warning of an imminent and “significant” supply gap for lithium, as demand for…
Europe
Alrosa says global diamond sector “fully recovered” from pandemic hit
Alrosa, the world’s top diamond miner by output, says the industry has “fully recovered” from the Covid-19 pandemic as a structural production decline paired with growing end-user demand are pushing…
What the energy transition may bring for five battery metals – report
ING Economics has published a new report in which its experts predict what the energy transition might bring for five key metals: copper, aluminum, nickel, cobalt, and lithium. Taking into…
Appetite for ‘green energy metals’ drives deals
Demand for ‘green energy’ metals like copper, nickel, lithium, and cobalt has risen sharply, driven by the global move to lower carbon emissions and electric vehicle makers chasing battery ingredients….
Alrosa says global stock of rough diamonds “minimal”
Alrosa (MCX: ALRS), the world’s top diamond miner by output, warned that global stocks of roughs are nearing multi-year lows, as demand continues to increase with not meaningful supply response from…
Canadian companies to use Czech manganese for Li-ion battery cathode materials
Canadian companies Nano One Materials (TSX: NANO) and Euro Manganese (TSX-V, ASX: EMN) have joined forces to develop what they call “economically viable and environmentally sustainable” applications of high-purity manganese. …
US narrows gap with China in race to dominate battery supply chain, report says
The United States is narrowing the gap with China when it comes to the race to dominate the battery value chain, according to BloombergNEF’s second annual Global Lithium-Ion Battery Supply…
Agnico Eagle and Kirkland Lake Gold merger likely the last major deal in Canada
The mega-merger of Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) unveiled to the market on September 28 “makes a lot…
Lithium-ion battery recycling market to reach US$31B per year by 2040 — report
In a new report, IDTechEx forecasts that by 2040, the global lithium-ion battery recycling market will be worth US$31 billion annually. According to the market analyst, China is already the…
Building a ‘Canadian mining Champion’
Whatever one thinks of the logic behind the ‘merger of equals’ announced this week between Agnico Eagle Mines and Kirkland Lake Gold, one thing is abundantly clear: The business combination…
Agnico Eagle, Kirkland Lake create new gold giant in US$10B merger
The combined company, the gold industry’s highest-quality senior producer, will have 48 million ounces of the metal in reserves.
Appian Capital in talks to sell Atlantic Nickel for $1B, Brazilian daily newspaper reports
London-based private equity fund Appian Capital is said to be in advanced negotiations to sell its Atlantic Nickel unit in Brazil for around US$1 billion, with Canada’s Teck Resources (TSX:…