July 5, 2023 Ardea Resources inks agreement with Japanese firms for nickel-cobalt project feasibility The consortium comprises Sumitomo Metal Mining, Mitsubishi Corp and Mitsui & Co Ltd.
July 3, 2023 China set to boost state cobalt reserves after tumble in prices The National Food and Strategic Reserves Administration, the government stockpiling body, may buy about 2,000 tons of cobalt.
July 3, 2023 Glencore offers to buy rest of PolyMet for $71m The move will give Glencore a direct ownership of NorthMet, poised to be Minnesota’s first copper-nickel mine.
June 30, 2023 Pentagon ordered to probe undersea mining to counter China Undersea mining is still illegal under international law and environmentalists rail against it for threatening ocean ecosystems with habitat damage, silt and noise.
June 29, 2023 Fixing deep-sea mining damage would be double the cost of extraction — study Ecosystem restoration would cost between $5.3 - $5.7m per sq. km, compared with $2.7m sq. km to mine the seafloor.
June 28, 2023 Miners tap waste for critical minerals Extracting copper, nickel, cobalt and other minerals from mine waste could provide a key new source of the minerals needed for the energy transition.
June 23, 2023 Stillwater Critical Minerals welcomes Glencore as major investor, stock jumps Glencore would hold a 9.99% equity interest in Stillwater upon completion of a private placement.
June 20, 2023 Bill Gates-backed KoBold Metals is the Silicon Valley’s newest unicorn The company raised $200 million to dig for copper and lithium using AI.
June 20, 2023 Norway to open its waters to deep-sea mining The country's government has outlined details of a plan to open its sea floor to commercial mineral exploration and extraction.
June 18, 2023 Material intensity in EV batteries going down —report IDTechEx says there is a trend to reduce the number of materials that provide core functionality to the battery pack.
GRAPH: Cobalt price plunge and the EV market Cobalt prices have plummeted to their lowest level since 2016, as a deluge of supply overwhelms stagnating demand from the electric vehicle […] February 11, 2025 | 04:03 pm
China funnelled $57 billion to control critical mineral supply chain A network of at least 26 state-backed banks has helped Beijing tighten its grip on critical minerals over the past two decades. February 05, 2025 | 11:00 am
GRAPH: The mining and Nvidia solar system The Top 50 is now trading $480 billion below the peak hit in the second quarter of 2022 February 05, 2025 | 10:05 am
Silvercorp acquisition of Adventus hits roadblock Lawsuit challenging the environmental permit for the target company’s project in Ecuador emerges as bone of contention. July 10, 2024 | 12:13 pm