Battery Metals

Gold rose over 1% on Friday after fresh US inflation data cemented the prospects of more interest rate cuts this year, while safe-haven demand stemming from geopolitical tensions also lifted bullion. Spot price gained 1.1% to $2,659.98 per ounce by 12:30 p.m. ET, erasing a weekly decline that followed last month’s record-breaking rally. US gold […]

The copper price rebounded on Thursday after hovering near a two-week low, as the market sizes up the implications of China’s policy briefing this weekend. Copper for December delivery increased by 1.1% from Wednesday’s settlement, reaching $4.44 per pound ($9,768 per tonne) in early morning trade on the Comex in New York. Enthusiasm for China’s […]

Rio Tinto (ASX, LON, NYSE: RIO) will acquire Arcadium Lithium (ASX: LTM)(NYSE: ALTM), in an all-cash transaction, valuing the latter at $6.7 billion, the Anglo-Australian giant confirmed on Wednesday. Rio Tinto will acquire the United States-based lithium producer for $5.85 per share, it said. The deal represents a premium of 90% to Arcadium’s closing price […]

December copper fell by nearly 3% on Tuesday to $4.44 per pound ($9,790 per tonne) level in early morning Chicago trading. At the end of September copper comfortably scaled the $10,000 a tonne level after Beijing announced a raft of mostly monetary measures to stimulate the country’s slowing economy and in particular its besieged property […]

Earlier today, global mining giant Fortescue announced plans to begin operations at its new Detroit factory with the production of HV marine batteries that will be used initially by EVOA to power a range of luxury marine vessels, wake boats, and tenders — and they’ve come to Quick Charge to tell us all about it! […]

TOKYO — JERA, Japan’s biggest producer of fossil fuel power, plans to extract valuable metals from old electric-vehicle batteries, aiming for a roughly 90% recovery rate, Nikkei has learned. With 80% of Japan’s used EVs exported overseas, recycling old batteries could keep more resources like lithium, cobalt and nickel in the country to improve economic […]

While Tesla is certainly shifting its core focus away from electric cars towards artificial intelligence and robotics, a new report suggests that battery development for its next-generation models and the Robotaxi is underway in full swing at the company. The primary goals are improved performance, cost reduction, and mass deployment. According to The Information, which […]

Rio Tinto has been holding talks to buy lithium miner Arcadium, three sources with direct knowledge of the negotiations said, a deal that would make Rio the third-largest producer of the electric vehicle battery metal. Arcadium shares surged 36% in extended trading on Friday. Talks have been ongoing and continued in London this week during the LME […]

The mining industry will require $2.1 trillion in new investments by 2050 to meet the raw material demands of a net-zero emissions world, according to BloombergNEF’s (BNEF) annual Transition Metals Outlook. Despite a decade of growth in metals supply, BNEF reports that current raw material availability remains insufficient to meet the rising demand. The report highlights […]

Chen Jinghe was not long out of university when a government official handed him the assignment that would change his life. Go to Zijin mountain, he was told, and find gold. It was 1982, and the geology graduate found himself on forested slopes in the remote, humid highlands of southeastern China. The bet paid off. […]