Europe to spend billions on lithium-ion battery plants

Having trouble viewing this email?  View online Europe News Digest Friday 26 October 2018 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Europe to spend billions on lithium-ion battery plants The goal is to reduce reliance on batteries from Asia, particularly China and South Korea. read » Antofagasta cuts copper output guidance, sees increase in 2019 Company now expects to produce between 705,000-725,000 tonnes this year, down from the earlier 705-740,000 tonnes target. read » Fresnillo falls as it cuts full-year silver output guidance again The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, revised silver output guidance down to between 62 million ounces and 64.5 million ounces from a range of 64.5 million to 67.5 million earlier. read » Caterpillar plummets after flagging tariffs-triggered high material costs The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts' estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period. read » NMC batteries dominating EV – sales to reach 63% of global market NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027. read » Scotland closer to having its first commercial gold mine Scotgold Resources has submitted the last application to secure planning permits for its Cononish project, near Tyndrum. read » Chile wants lithium to be traded on LME Chile expects lithium to soon become its second largest mining asset, just behind copper. It's currently the country's fourth biggest export. read » Global coal mining industry sees compound annual growth The global coal mining market is growing, with a CAGR of close to 2% from 2018-2022. read » LME reforms must meet international standards, Global Witness warns Global Witness warns that the LME must ensure its members go beyond paper-based compliance activities. read » Centamin drops more than 12 percent on second cut to annual output target The miner now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May. read » Forty-five per cent of cars sold in Norway last month were electric: report No gas or balloons needed. read » Zinc market tightness confounds bearish expectations "Screamingly bullish" is how analysts at Citi described the Shanghai Zinc market earlier this month. read » Kenya wins case against Cortec Mining on rare earths, niobium licence Tribunal orders the companies to pay costs of around $3.5 million to the government. read » China's alumina exports in September surged to their highest level this year Figure is fivefold increase from August, up 3,400% y/y read » Sandvik Q3 profit narrowly beats forecast Order intake improved significantly across all business areas – Sandvik read » Northvolt to set up Polish battery plant to tap mining, storage markets Northvolt's plans are a central part of Europe's effort to compete with Asian rivals such as CATL, Samsung and LG Chem. read » BASF and Nornickel join forces in European EV battery push The move is part of BASF plans to invest up to 400 million euros ($462 million) as a first step in building production plants for cathode materials in Europe. read » ArcelorMittal declares force majeure for Duisburg-Ruhrort site Force majeure declared due to the Rhine river's low water levels. read » Why a no-deal Brexit risks freezing London's diamond trade The U.K. is currently just one of six EU countries allowed to import and export rough diamonds. Once stones enter Belgium and Portugal, they're then free to move around the region. read » ALROSA starts large rough diamond auction in Vladivostok For sale,166 gem-quality rough diamonds with a total weight of 2,607 carats. read » Bosnian government to help keep Aluminij smelter on power grid The company sounded the alarm last week when the country's power regulator threatened to cut it off the grid because of unpaid bills. read » Read more Europe 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 Europe News Digest". You mayunsubscribe at any time. The information contained in “Europe News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Europe News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.