The demand for cobalt to power a carbon-free future has been a core narrative as the deep-sea mining industry has grown over the last decade. Cobalt is a relatively rare ore whose terrestrial extraction has been rife with humans rights issues and environmental harm. Accessing a reliable supply of cobalt that could not only satisfy […]
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JENCY SAMUEL on MONGABAY | 9 February 2018 Mining of polymetallic nodules present in the seabed in the Central Indian Ocean Basin can help India improve availability of nickel, copper, cobalt and manganese. Through an agreement with the International Seabed Authority, India has a right to explore and mine polymetallic nodules over 750,000 square km. […]
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BLOOMBERG via MINING WEEKLY | 1 Dec 2017 “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 […]
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HENRY LAZENBY on MINING WEEKLY | 1 December 2017 “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’ […]
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Interest in deep sea mining has been accelerating due to the rising price of cobalt. The metal is an important component of EV batteries, laptops and cell phones. In October 2017, cobalt prices reached a nine-year high, trading at around US$30 per pound, tripling its 2015 value of US$10. The rise is not only seen […]
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The government of the Cook Islands, through the Cook Islands Investment Corporation (CIIC), entered into an agreement in September with U.S. based Ocean Minerals, LLC (OML) for the exclusive right for up to 18 months to prospect and explore high value polymetallic nodules over approximately 23,000 square kilometers of the Cook Islands Exclusive Economic Zone […]
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BLOOMBERG via MINING WEEKLY | 19 November 2017 “Tesla’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, UBS Group and Bank of America are already […]
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ESMARIE SWANEPOEL on MINING WEEKLY | 10 November 2017 “PERTH (miningweekly.com) – The Minerals Council of Australia (MCA) on Friday welcomed the signing of a free trade agreement (FTA) with Peru, with interim CEO David Byers saying it would create significant new opportunities for Australia’s mining and mining services exports and investment. “The trade deal will […]
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MINING WEEKLY | 25 October 2017 “JOHANNESBURG – As the world speeds ahead with a move towards more electric vehicles (EVs), including hybrids, plug-ins and full electric cars, the nickel market is heading for deepening deficits, falling stocks and rising prices. This is the view of Wood Mackenzie principal analyst Sean Mulshaw, who forecasts that […]
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A June 2017 report from the World Bank highlights the role that minerals and metals will play in a low-carbon future. The report “The Growing Role of Minerals and Metals for a Low-Carbon Future” asserts that the rise of green energy technologies is expected to lead to growth in demand for minerals and metals such […]
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