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China’s Lithium Expansionist Interests Extend Beyond the Argentina-Bolivia-Chile Triangle – by Maria Zuppello (Dialogo Americas – August 12, 2024)

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In a recent report, China in Peru: The Hidden Costs of an Unequal Relationship, the United States Institute of Peace denounces the harm of Chinese expansion in Peru, particularly in the mining sector.

“The combination of a permissive political and legal environment in Peru, the poor social responsibility of Chinese companies and banks, and the absence of real control — in China or in Peru — of Chinese actors’ activities have devastating consequences,” writes the report’s author, Juan Pablo Cardenal, a research associate at the Argentina-based Center for the Opening and Development of Latin America (CADAL), whose writings focus on content about China.

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China squeezes Western militaries with export ban on weapons metal – by Annie Lee and Mark Burton (Australian Financial Review – August 16, 2024)

https://www.afr.com/

Singapore | China is tightening its grip over global critical mineral supplies by placing export controls on antimony, a metal used widely in ammunition and other military applications that has surged in price this year.

The country will apply the restrictions to antimony and antimony-related materials from September 15 to safeguard national security, a statement from the Ministry of Commerce said. That adds to earlier controls on other critical minerals including gallium and germanium, which have set off alarm bells in Washington.

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Chinalco Is Said to Eye Stake in Biggest Philippine Copper Mine – by Pei Li, Cliff Venzon and Elffie Chew (Bloomberg News – August 16, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — Aluminum Corp. of China is considering investing in what is set to be the Philippines’ largest gold and copper mine as part of its efforts to boost its global footprint, according to people familiar with the matter.

The state-run Chinese company known as Chinalco may acquire a stake worth around $2 billion in Indophil Resources Phils. Inc., which owns Sagittarius Mines Inc., the people said, asking not to be identified because discussions are private.

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Coal mining degraded 35% of native land cover in India’s central coal belt – by Simrin Sirur (India Mongabay.com – August 16, 2024)

https://india.mongabay.com/

A new study capturing how coal mining transforms land use over time demonstrates the challenges in restoring this land upon mine closure – an important aspect of a just transition as India plans to move away from coal.

Three functional coal mines in Madhya Pradesh and Chhattisgarh degraded 35% of the area’s native land cover, the study, conducted by researchers from various institutes, found. The study was published in the peer-reviewed journal Frontiers in Environmental Science in July.

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Chinese mining firm subsidiary disputes Ottawa’s review of Peruvian gold mine deal – by (CP24.com/Canadian Press – August 11, 2024)

https://www.cp24.com/

A subsidiary of a Chinese state-owned mining firm says Canada is wrongly considering a national security review in its agreement to purchase a gold and copper mine in Peru.

In May, Vancouver-based Pan American Silver Corp. announced an agreement worth almost US$300 million to sell its stake in Peru’s La Arena gold mine to Jinteng (Singapore) Mining, a subsidiary of China’s Zijin Mining Group. Pan American said then that the agreement was “subject to customary conditions and receipt of regulatory approvals.”

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[Diamonds] Indian Consumers Not Into Synthetics, Seek Natural: Titan – by Leah Meirovich (Rapaport Magazine – August 6, 2024)

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Domestic customers at Titan Company are less interested in buying synthetic diamonds than their US and overseas counterparts, looking more for assurances that the stones they purchase are natural.

“We’ve been trying to track the inquiries on a continuous basis across all the stores, Tanishq, CaratLane, Mia and Zoya, and so far we have not seen material inquiries for [customers wanting lab-grown diamonds],” Titan managing director C.K. Venkataraman said in an analyst call last week. “What we do hear about, what our customers are more curious about, they want to be assured that what we are selling is natural, and [doesn’t have any lab-grown in it].”

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Indonesia moves to reduce Chinese ownership of nickel projects – by A. Anantha Lakshmi (Financial Timess – July 25, 2024)

https://www.ft.com/

Jakarta wants to help its industry qualify for tax credits under Joe Biden’s initiative to build a US electric vehicle supply chain

Indonesia is trying to reduce Chinese investment in new nickel mining and processing projects to help its industry qualify for tax breaks in the US, as the Biden administration seeks to curb Beijing’s influence in the electric vehicle supply chain.

Generous tax breaks are available from 2025 under President Joe Biden’s Inflation Reduction Act, but they will not apply to EVs containing batteries and critical minerals such as nickel sourced from “foreign entities of concern”, including some companies with more than 25 per cent Chinese ownership.

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In search of the elusive green nickel premium – by Andy Home (Reuters – July 24, 2024)

https://www.reuters.com/

LONDON, July 23 (Reuters) – BHP Group’s ambition to create a green nickel hub in Western Australia is on hold after the world’s largest listed miner announced the entire division will go on care and maintenance later this year.

The company has invested $3 billion since 2020 to turn Nickel West into a major supplier of nickel sulphate for use in electric vehicle (EV) batteries. A supply deal with Tesla Inc. was signed in 2021 for what BHP pronounced was “one of the most sustainable and lowest carbon emission” brands of nickel in the world.

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Why China Is So Interested in Kazakhstan – by Daisuke Wakabayashi (New York Times – July 18, 2024)

https://www.nytimes.com/

Kazakhstan’s bounty of so-called critical minerals has enriched the country and grabbed the attention of entrepreneurs scrambling to control the ingredients needed to fight climate change.

Kenges Rakishev, one of the richest men in Kazakhstan, stepped off a private jet at a Soviet-era airport and hopped into the lead car of a convoy of sport utility vehicles. The cars tore down a two-lane road, zipping past the snow-covered steppe in eastern Kazakhstan at 90 miles per hour.

Riding shotgun, Mr. Rakishev gestured toward the vast emptiness. “Nothing, right?” he said with a chuckle. “But it’s a unique opportunity.” That opportunity is in nickel, a key mineral used in electric vehicles and other clean energy technologies. Kazakhstan, a mineral-rich country in Central Asia, has a lot of nickel, and Mr. Rakishev is investing tens of millions of dollars to extract it.

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Turkey Top Envoy Goes to Niger in Bid to Secure Uranium Supplies – by Selcan Hacaoglu (Bloomberg News – July 17, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — Turkey’s foreign, defense and energy ministers visited Niger on Wednesday to secure access to the West African nation’s rich uranium deposits.

The delegation, which is led by Foreign Minister Hakan Fidan and includes top spy chief Ibrahim Kalin, wants to tap Nigerien supplies of the fissile mineral to fuel Turkey’s nascent nuclear-power industry, according to people familiar with the matter who asked not to be identified as they’re not authorized to speak to the media.

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Indonesian onslaught wipes out Australia’s nickel industry – by Kristie Batten (Mining.com – July 14, 2024)

https://www.mining.com/

An influx of cheap nickel supply from Indonesia has all but killed off Western Australia’s long-running nickel sector. Nickel prices halved in 2023, dipping below $16,000 per tonne in December as surpluses widened. According to Benchmark Mineral Intelligence, Indonesia accounted for 49% of nickel production in 2023, up from less than 5% just eight years ago.

Nickel sector decimated

The impact on Australia’s nickel industry has been dramatic. ASX 200 producer IGO paid A$1.1 billion ($744 million) for nickel miner Western Areas in mid-2022. Just 18 months later, the entire value of the acquisition had been written off and the Cosmos development project was suspended, resulting in the loss of 400 jobs.

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Cancellation of Nickel Investments Should Be a Wake-Up Call for Indonesia – by Krista Shennum (The Diplomat – July 05, 2024)

https://thediplomat.com/

The government’s break-neck drive to exploit its nickel deposits should not come at the expense of human rights and the environment.

On June 24, two multinational mining and mineral processing giants, France-based Eramet and Germany-based BASF, announced that they would cancel plans for a $2.6 billion nickel-cobalt refinery located within the Indonesia Weda Bay Industrial Park (IWIP), in North Maluku, Indonesia.

The companies cited commercial reasons, but the Indonesian government would be short-sighted to ignore other concerns. In an indirect reference to human rights and environmental concerns with nickel processing operations at IWIP, a BASF spokesperson said the company needs a “secure, responsible, and sustainable supply of critical raw materials.” Implicit in the companies’ statements is that they are concerned about increasing their reputational risk through a new investment at IWIP.

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Blood nickel: What electric-vehicle hunger has wrought, and how Canada can help – by Mark Selby (Globe and Mail – July 4, 2024)

https://www.theglobeandmail.com/

Mark Selby is the founder and CEO of Canada Nickel Co.

Blood diamonds, blood cobalt, and now blood nickel. Governments leading the global shift toward electric vehicles promise cleaner cities and a new era of sustainable energy and improved resource usage.

But just as governments promote EVs on environmental grounds, manufacturers are forced to source nickel from a region enabling the wanton destruction of ecologically sensitive lands, reckless treatment of workers, and the fundamental deterioration of living conditions. There is only one solution to this problem: the world needs more Canadian nickel.

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[Tungsten] The U.S. needs more of this critical metal — and China owns 80% of its supply chain – by Evelyn Cheng (CNBC – July 2, 2024)

https://www.cnbc.com/

BEIJING — China dominates the supply chain for many of the world’s critical minerals, but so far it’s held off on sweeping restrictions on at least one: tungsten.

The metal is nearly as hard as diamond and has a high energy density. That’s made tungsten an important material in weapons, autos, electric car batteries, semiconductors and industrial cutting machines. Chipmakers such as Taiwan Semiconductor Manufacturing Company and Nvidia both use the metal. “I don’t expect any saber-rattling over tungsten,” said Lewis Black, CEO of Canada-based Almonty Industries, which is spending at least $75 million to reopen a tungsten mine in South Korea later this year.

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Rising Chinese aluminium output pressures alumina supply – by Andy Home (Reuters – July 1, 2024)

https://www.reuters.com/

LONDON, July 1 (Reuters) – China’s production of primary aluminium is closing in on last year’s record highs as previously idled capacity ramps up in Yunnan province. The country increased production by 5% year-on-year to 3.65 million metric tons in May, according to the latest estimate from the International Aluminium Institute.

National output is now running close to an annualised 43.0 million tons, within touching distance of the record highs seen in September and October last year.

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