martes, 15 de mayo de 2018

Tesla delivers bad news for cobalt price, boost for rare earths

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Lithium & Rare Earth News Digest
Wednesday 16 May 2018
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Electric vehicle manufacturer has reduced cobalt usage in its batteries by 59%.

Vancouver-based Strongbow Exploration expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which will use to study the feasibility of resuming production at the South Crofty tin mine in Cornwall.

The world's largest potash miner said it expected to have an announcement on the matter by the end of June.

Chinese companies continue to aggressively try securing steady supply of lithium, a key ingredient in the making of batteries that power electric cars.

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.

Australian lithium producer Galaxy Resources said it was evaluating "strategic options" for its project in Argentina, which remains in the feasibility stage.

If China's Tianqi grabs a stake in Chile's SQM, the world's lowest cost lithium miner, it would mean the top three producers would control at least 80% of the total market, Chile's government has said.

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

Australia's Lithium Power International and Canada's Bearing Lithium have sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims.

China already actively seeking opportunities.

"There is a legitimate concern on the side of the vehicle manufacturers."

The experts developed a new process for creating lithium metal that may boost the energy and capacity of rechargeable batteries.

6 Months Molybdenum Oxide Price
6 Months Cobalt Price
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