South Korea's POSCO buys stake in Aussie lithium producer

Having trouble viewing this email?  View online Asia News Digest Friday 9 March 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America South Korea's POSCO buys stake in Aussie lithium producer, signs supply deal South Korea's largest steel producer has acquired 4.8% stake in Pilbara Minerals, from which it will buy up to 240,000 tonnes of lithium concentrate per year. read » More countries want to be exempt from Trump's tariffs Brazil, Argentina, Japan and the EU have expressed concerns with the measure. read » Mongolian court sides with government in copper mine ownership row The Erdenet mine produces 530,000 tonnes of copper concentrate a year. read » Shipping gauge shows iron ore, copper prices heading for fall CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices. read » 5 record breaking gemstones even billionaires can't buy The global economy is booming and demand for precious jewels, particularly colored gemstones, has never been higher. read » Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine. read » Canada the world's overall top mining destination, despite Saskatchewan fall That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year. read » Cash-rich global miners eye India as coal sector opens up for private firms India's decision to allow private and foreign companies to bid for coal mines without any end-use or price restrictions is likely to lure foreign mining giants, currently swimming in cash. read » Apple in talks to buy cobalt directly from miners — report Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage. read » Glencore gives investors $2.9bn in dividends after 'strongest' results ever The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise. read » Toyota to make cheaper electric motors by halving use of rare earths Asia's No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world's most powerful batteries for electric vehicles. read » Mining M&A jumps to 4-year high – expect more in 2018 New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry." read » Rio Tinto's Mongolian copper worries mount Ulaanbaatar orders Rio Tinto to build domestic power plant for $5.3 billion expansion of Oyu Tolgoi copper-gold mine. read » Tesla chief executive asks Trump for 'fair outcome' on China trade Elon Musk took to Twitter to call on U.S. President Donald Trump to challenge Chinese auto trade rules. read » Why electric vehicles could fracture the nickel market: Andy Home The EV story is a strong, slow-burn bull case for higher nickel prices. read » Asian gold-backed ETFs grow by nearly 10% in February -WGC Asian-listed gold ETFs added 7.9 tonnes worth $318.1 million, an 8.3 percent increase from January. read » Glencore's talks to sell cobalt to Chinese firm falter on price Price is a sticking point as Glencore and other major producers are now able to exert more influence in negotiations, sources said. read » Why leading investors are backing gold Legendary investor Rick Rule, Chief Executive Officer, Sprott US Holdings, speaking ahead of his appearance at Mines and Money Asia, is positive on gold equities for 2018. read » China to cut more coal, steel output to defend 'blue skies' China's state planner pledged on Monday to cut more steel and coal production capacity this year. read » China's staggering demand for commodities It's said that in China, a new skyscraper is built every five days. read » Coal India output, sales rise as power plants rebuild stockpiles Coal India Ltd.'s shipments rose 4.8 percent from a year ago and output increased for a seventh straight month. read » Mongolia's Oyu Tolgoi mine to lift force majeure Majority owner Turquoise Hill Resources Ltd said that it expected to make up any sales-related effect over the next few quarters. read » Lithium glut? No way, say industry executives eyeing demand Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry. read » Read more Asia news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Asia News Digest". You mayunsubscribe at any time. The information contained in “Asia News Digest” is collected from a variety of sources on a “best intentions”basis. 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