Cobalt, Critical, Strategic and Rare Earth Minerals and Metals – Page 87

Small Canadian miners in pole position for electric vehicle battery boon – by Nicole Mordant (Reuters U.S. – December 11, 2017)

December 11, 2017

https://www.reuters.com/

VANCOUVER (Reuters) – Canadian developers of cobalt and lithium mines stand to benefit from a round of investments from the makers of electric vehicles and the batteries powering them, a potential game-changer for small miners short on money to develop deposits of these critical battery ingredients.

Toronto-listed cobalt companies, Ecobalt Solutions and Fortune Minerals, are in talks, ranging from preliminary to more advanced, with more than a dozen groups, including car and battery makers, on financing their projects, their chief executives told Reuters.

The interest in miners from downstream players along the battery supply chain – a new area of investment for most – would provide a life-line to miners at time when equity funding for developers remains relatively tight after a five-year downturn on weak metals prices.

Electric charge: Glencore bets big on car battery metals – by Barbara Lewis and Maiya Keidan (Reuters Canada – December 5, 2017)

December 5, 2017

https://ca.reuters.com/

LONDON (Reuters) – Glencore (GLEN.L) has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.

The Anglo-Swiss company’s output of cobalt and copper roughly doubled in the five years to 2016, while its production of nickel quadrupled, the research compiled for Reuters by S&P Global Market Intelligence shows. (Graphic: Glencore’s mining production – tmsnrt.rs/2zOQTgo)

Electric vehicle metals account for roughly 50 percent of Glencore’s core profit, more than double the proportion of its major listed competitors – BHP (BLT.L) (BHP.AX), Rio Tinto (RIO.L) (RIO.AX) and Anglo American (AAL.L).

Electric vehicle revolution a rare investment opportunity as metals demand spikes – by Henry Lazenby – December 1, 2017)

December 4, 2017

http://www.miningweekly.com/

VANCOUVER (miningweekly.com) – The rate at which global automotive markets are adopting electric vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers estimated at the start of 2017, and is opening up once-in-a-lifetime investment opportunities among the four key ‘energy metals’ – lithium, cobalt, nickel and graphite.

Since the beginning of 2017, the market has reached a new peak of lithium-ion battery capacity in the pipeline. An additional 153 GWh has been added to planned capacity build-outs this year alone, taking the total to 372 GWh.

“But when you look at where we need to be by 2025 – 750 GWh, of which 645 GWh is for EVs – we are still way short. What the megafactory trend is doing, however, is creating a new production base that did not exist before.

How to Mine Cobalt Without Going to Congo – by Anna Hirtenstein (Bloomberg News – December 1, 2017)

December 1, 2017

https://www.bloomberg.com/

Almost 9,000 miles from the dusty Congo savanna, miners have hit on an entirely new source of cobalt — the rare mineral at the heart of the electric-car boom. And not only can they take coffee breaks, when they take a break, they can grab a donut at Tim Hortons.

Scientists working for American Manganese Inc., located in the suburbs of Vancouver, have developed a way to produce enough of the bluish-gray metal to power all the electric cars on the road today without drilling into the ground: by recycling faulty batteries.

It’s one of many technologies that entrepreneurs are patenting to prepare for a time when electric cars outnumber polluting petrol engines, turning the entire automotive supply chain upside down in the process. Instead of radiators, spark plugs and fuel injectors, the industry will need cheap sources of cobalt, copper and lithium.

‘Miner’s Revenge’ Is Coming With Electric Cars, Friedland Says – by Thomas Wilson (Bloomberg News – November 30, 2017)

December 1, 2017

https://www.bloomberg.com/

Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers, according to billionaire investor Robert Friedland.

Automakers will have to change the way they approach procurement if they want to power their vehicles, said Friedland, who as a student befriended Steve Jobs before a career backing major discoveries from Canada to Mongolia.

“Coming soon to a theater near you: this is the revenge of the miner,” said Friedland. “No miner is willing to sell a high-volatility metal to a car manufacturer at a fixed price.”

Down to Earth: Amanda Lacaze Turns Around Australia’s Lynas Corp. – by Tim Treadgold (Forbes Magazine – November 29, 2017)

November 30, 2017

https://www.forbes.com/

Few companies come back from a 99% plunge in their share price, but that’s what an Australian rare-earths miner and chemical processor has done–thanks to the electric-car revolution and an environmental cleanup in China.

Lynas Corp. was a highflier six years ago as strong demand and tight supplies lifted prices for the unusual metals it produces, such as praseodymium and neodymium–they’re used to make high-strength magnets and other products essential for a range of technologies. But from a market capitalization on the Australian stock exchange of $3 billion in 2011, Lynas’ value plunged to $3 million in 2015.

It was only a penny stock, worth just 2.3 Australian cents a share. High debt, problems building its processing plant in Malaysia and tumbling prices for rare earths had driven the company to the brink of collapse.

Cobalt, the heart of darkness in the shiny electric vehicle story: Andy Home – by Andy Home (Reuters U.S. – November 28, 2017)

November 29, 2017

https://www.reuters.com/

LONDON (Reuters) – The electric vehicle (EV) story continues to gather momentum, with even major oil companies scrambling to join the coming green energy revolution. Royal Dutch Shell has just announced a partnership with leading automotive companies to install super-fast chargers on European highways.

But as ever more companies sign up to the bright, shiny EV future, there is rising concern about the heart of darkness in this new technology — you can’t power an EV without a lithium-ion battery and, for now at least, you can’t make a battery without using cobalt.

And most of the world’s cobalt comes from the Democratic Republic of Congo (DRC), a country racked by political instability, legal opacity and, at its darkest, child labor in its mines. This concentration of supply risk, both in terms of physical units and ethical sourcing, isn’t going away any time soon and could even worsen.

RNC to double nickel output at WA mine, resumes talks for Quebec project – by Mariaan Webb (MiningWeekly.com – November 28, 2017)

November 28, 2017

http://www.miningweekly.com/

JOHANNESBURG (miningweekly.com) – TSX-listed RNC Minerals has said it plans to double nickel production from its Beta Hunt mine, with production of four-million pounds of contained nickel forecast for 2018.

RNC Minerals is ramping up gold production at the Beta Hunt mine in Western Australia’s Kambalda mining district, with gold production expected to reach an annualised rate of 70 000 oz/y by the end of 2017.

President and CEO Mark Selby said on Monday that the mine provided good optionality from both gold and nickel production. “With the much larger scale in gold production, versus a standalone nickel mine, nickel production can be added at much lower cost compared to many other nickel producers in Western Australia,” he said.

How consumers can leverage change, even in the face of tragedy – by Gerry Chidiac (Troy Media – November 23, 2017)

November 24, 2017

http://troymedia.com/

The extraction and black-market sale of gold, tantalum, tin and tungsten (used in our cellphones and other electronics) fuel the war in the DRC

As the Christmas season approaches, it’s important to be aware of the power we hold in how we spend our money.

As consumers, we invest in products we believe will serve us best. Companies may try to hide information about their products but eventually the truth comes out. Consumer advocacy is powerful in a free-market economy and we’ve all benefited.

American lawyer Ralph Nader, for example, took on the auto industry in the 1960s over the safety of their vehicles. Most buyers were unaware of the often deadly flaws in the products they were buying. This changed as Nader’s movement reached public consciousness. Since then, carmakers have competed to produce the best and safest vehicles possible, because that’s what consumers demand.

VW Hunts for Critical Element Needed in Electric Cars – by Thomas Wilson and Christoph Rauwald (Bloomberg News – November 23, 2017)

November 24, 2017

https://www.bloomberg.com/

Volkswagen AG is stepping up its hunt for long-term supplies of battery metals it will need to help power electric cars across its entire range.

The top automaker invited producers and traders of cobalt, one of this year’s best-performing metals, for talks at its German headquarters this week, people familiar with the matter said.

Buying the critical battery component might not be as simple as first thought — after issuing a tender in September, the firm has since relaxed demands for offers at a discounted fixed price, said the people, who asked not to be identified because the talks are private.

Cobalt Producer to Tackle Child Labor Concerns With Supply Probe – by Mark Burton (Bloomberg News – November 23, 2017)

November 23, 2017

https://www.bloomberg.com/

Chinese cobalt refiner Yantai Cash Industrial Co. will demand suppliers show that their raw materials aren’t produced with child labor after the London Metal Exchange set a deadline for companies that ship to its warehouses to spell out efforts to combat the problem.

Shandong-based Yantai is working with China’s Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters, and shipping services firm RCF Capacity Planners to audit its supply chain, Liu Xiaohan, a manager at the company, said by phone. The producer delivered metal to LME warehouses after gaining an export license in June.

“They will help us set up a responsible supply chain system,” Liu said. ‘‘We are going to set up a code of conduct and we will ask our suppliers to clarify the source of raw materials we buy.”

NEWS RELEASE: UK Researchers First to Produce High Grade Rare Earths From Coal (November 20, 2017)

November 21, 2017

LEXINGTON, Ky. (Nov. 20, 2017) — University of Kentucky researchers have produced nearly pure rare earth concentrates from Kentucky coal using an environmentally-conscious and cost-effective process, a groundbreaking accomplishment in the energy industry.

“As far as I know, our team is the first in the world to have provided a 98 percent pure rare earth concentrate from a coal source,” said Rick Honaker, professor of mining engineering.

From national defense to health care, rare earth elements or REEs are essential components of technologies like iPhones, computers, missiles and other applications. Interest in REEs is at an all-time high in the U.S. right now, with the Department of Energy investing millions in research. Honaker has received $7 million from the department to produce rare earths from Kentucky coal sources, a feat he has now accomplished, and $1 million for other REE projects.

Tesla Truck Supercharges Hopes for Boom in Battery Metals Demand – by Mark Burton (Bloomberg News – November 17, 2017)

November 21, 2017

https://www.bloomberg.com/

Tesla Inc.’s plans to roll out an all-electric big rig have given a fresh jolt to the outlook for battery metals that will go into powering the truck founder Elon Musk is calling “The Beast.”

Banks including Goldman Sachs Group Inc., UBS Group AG and Bank of America Corp. are already forecasting a surge in demand for battery metals like nickel as sales of electric cars ramp up over the next decade. Usage could jump even higher if trucking firms start switching diesel fleets for battery-powered ones.

“This is a game changer,” said Anthony Milewski, chairman and chief executive officer of Cobalt 27 Capital Corp., an investment vehicle providing price exposure to a stockpile of cobalt, which has spiked in the past year in response to booming projections for usage in electric vehicles.

[Norilsk] Metals Billionaire to Win Whether Electric Cars Boom or Bust – by Yuliya Fedorinova (Bloomberg News – November 21, 2017)

November 21, 2017

https://www.bloomberg.com/

There are two major reasons mining billionaire Vladimir Potanin is within a hair’s breadth of regaining his ranking as Russia’s richest tycoon this year.

One is higher prices for nickel used in batteries as metals traders bet electric vehicles are the future of transportation. The other is a jump in palladium on wagers that gasoline cars will be here for a long time yet.

They’ve boosted the value of Potanin’s 30 percent in MMC Norilsk Nickel PJSC, the top miner of both metals, lifting his net worth 12 percent this year to $19 billion. They also show how Nornickel, as it’s known, will gain from auto-industry changes even if optimism on electric cars is overdone.

Darker side of electric cars in spotlight – by Angela Jameson (The National – November 19, 2017)

November 20, 2017

https://www.thenational.ae/

While EV emissions are good news for the planet the materials used to produce them are rasing concerns

Momentum is fast building behind electric vehicles as countries round the world move to reduce use of petrol and diesel for transport. This summer France and the UK said they would ban combustion engines by 2040 and China has said it is studying such a move.

Volvo, now a Swedish-Chinese company, says every car it launches from 2019 will be either fully or partly electric. Volvo’s announcement this year was greeted as the first serious challenge to Tesla, the Californian electric car maker, from mainstream marques.

Analysts at UBS expect global sales of electric vehicles in 2025 to reach 14.2 million units, or 13.7 per cent of the total, compared with under 1 million units, or less than 1 per cent, in 2017.