Battery Metals

BMI – a unit of Fitch Solutions – is maintaining its nickel price forecast for 2024 at $18,000/tonne as excess supply continues to drag prices down from 2022 levels, the analyst said in its latest market report Nickel prices plummeted last year, with the 2023 average annual price dropping by 15.3% to $21,688/tonne from the $25,618/tonne seen in 2022, […]

Copper prices surpassed $10,000/tonne on Friday after Citigroup analysts predicted the industrial metal may retest that level on investor optimism over policy support in China. The world’s biggest consumer is widely anticipated to introduce further stimulus to upgrade its renewable energy infrastructure at the Third Plenum meeting in mid-July. These additional measures, specifically targeting domestic […]

China’s state-owned power generation enterprise Datang Group said on June 30 that it had connected to the grid a 50 MW/100 MWh project in Qianjiang, Hubei Province, making it the world’s largest operating sodium-ion battery energy storage system. The project represents the first phase of the Datang Hubei Sodium Ion New Energy Storage Power Station, […]

Vale SA has selected veteran mining executive Shaun Usmar to take the helm of its base metals division as the Brazilian metals producer seeks to boost copper and nickel production, according to people familiar with the matter. The board of the Rio de Janeiro-based company chose Usmar to head Vale Base Metals, said the people, […]

Hydrogen fuel cell specialists Hyzon have announced plans to quit Australia even as sales of battery electric commercial trucks climb. For a while, it seemed like Hyzon had found something of a home in Australia. Recently, the American startup had announced pilot programs that would see its hydrogen fuel cells put to work in transit […]

Shares in China’s largest rare earth producers rose on Monday after Beijing announced regulations aimed at protecting supplies of the strategic minerals in the interest of national security, a move some in the market said could potentially tighten supply. The regulations, issued on Saturday by China’s State Council, or cabinet, take effect from Oct. 1 […]

As a result of the European Union’s push for greater repairability of consumer devices like smartphones, Apple sees itself forced to make the batteries in the iPhone user-replaceable by 2027. Reportedly, this has led Apple to look at using electroadhesion rather than conventional adhesives which require either heat, isopropyl alcohol, violence, or all of the […]

China tightened the management of its rare earths industry with the approval of the first comprehensive regulation governing the mining, metal smelting and circulation of the mineral. Rare earths belong to the country and no organization or individual are allowed to claim them, the State Council said in a statement on its website. The state […]

The US is bidding to eventually buy up to $2.7 billion of domestically-supplied enriched uranium, in an effort to boost the supply chain for the nuclear reactor fuel and steer the country away from buying it from Russia, the Energy Department said on Thursday. The $2.7 billion in funding was unleashed by legislation, signed by […]

Lundin Mining Corp. is considering a potential sale of two European zinc mines as the Canadian metals producer turns its focus to copper in Latin America, according to people familiar with the matter. Vancouver-based Lundin is gauging interest in its Zinkgruvan mine in Sweden and Neves-Corvo mine in Portugal, the people said, asking not to […]