electric cars

‘Miner’s revenge’ is coming with electric cars, Friedland says

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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cobalt

Cobalt on the Rise

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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Cook Islands

Cook Islands Partners to Explore Pacific Bounty

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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Tesla

Tesla truck supercharges hopes for boom in battery metals demand

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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mining industry

Australia-Peru FTA to benefit mining industry

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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Nickel Deficit

Deepening nickel deficit forecast as EV market booms

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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low-carbon future

World Bank: Minerals to Play Significant Role in Low-Carbon Future

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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