The London Metal Exchange (LME) and Qianhai Mercantile Exchange (OME) are jointly developing three new contracts. One will be for lithium carbonate, one for nickel sulphate and one for cobalt. They will be traded on OME, and transactions will be made in renminbi. And there are some interesting points here. The choice of lithium carbonate,...
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A consortium of Hong Kong and European private investors are investing over USD 1 billion to revive a mothballed nickel and cobalt refinery in Australia by turning mining waste into materials for electric car batteries. The refinery, Yabulu, is located in Queensland and aims to become one of the world’s top ten producers of refined...
READ MORECanadian miner Kuya Silver announced in early January that it was finalising the acquisition of battery materials refiner Electra Battery Materials’ assets in the two companies’ Silver Kings joint venture in Northern Ontario. This deal will boost Kuya’s ownership in the Silver Kings Project from 75% to 100%. To finalise the deal, which covers about...
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The high cost of platinum, a valuable metal that is the main catalyst for the chemical reactions in next-generation hydrogen fuel cells, has been a barrier to the widespread adoption of this technology. However, scientists have engineered a platinum-cobalt alloy to act as a catalyst, greatly reducing the amount of platinum needed to achieve the...
READ MOREThe demand for critical minerals including lithium, graphite, nickel, cobalt, copper, rare earth elements, potash, uranium and aluminum is increasing as the world moves towards a global net-zero economy and the adoption of clean technologies such as solar panels and electric vehicle batteries. These minerals are not only essential for clean technology, but also play...
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Nickel Creek Platinum has announced the completion of a drilling and geophysics programme conducted in Yukon, Canada, as part of the Nickel Shaw Project. The project involved a total of 3,300 metres of drilling, 2,000 metres of which comprised a Prefeasibility Study (“PFS”) at the Wellgreen deposit. Eight holes were drilled to support the conversion...
READ MOREThe German government has appealed to the International Seabed Authority to put deep-sea mining activities on hold while an assessment of regulations and potential environmental damage is conducted. The announcement comes after the climate activist group Ocean Rebellion staged a protest against the Hidden Gem drill ship in Rotterdam in February 2022. Spain and New...
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