martes, 15 de enero de 2019

Blackwater founder launches fund to invest in electric car battery metals

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Battery Metals News Digest
Wednesday 16 January 2019
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The founder of the US private security company aims to raise as much as $500 million to invest in deposits of metals such as cobalt, lithium and copper.

Cobalt 27 will put in about $9 million into a share of production at Mineral Resources and Jiangxi Ganfeng Lithium's Mount Marion lithium project in Western Australia.

With metals ringing off the new year on a weak note, both price- and demand-wise, BMO Metals says the main questions for 2019 revolve around China and whether its government is doing enough to slow the country's economic contraction.

Low pricing achieved recently has been affected partly by soft market conditions in China, the Brisbane-based lithium miner said.

The Canadian junior miner is taking advantage of a window of opportunity presented by a local drill company to complete two holes prior to the Christmas break.

Palladium is close to becoming the most "precious" of precious metals

This project refines the key raw material for the preparation of ternary power batteries from the laterite nickel ore – battery-grade nickel-cobalt raw materials.

Millennial expects to submit its environmental impact assessment to the Argentinian government during 2019's first quarter.

The 18-month remediation plan includes a new online system to monitor SQM's extraction rates of both brine and fresh water from beneath the salt flat.

Societe Miniere de Bisunzu (SMB), has given 30 days notice to end its contract with ITSCI, a responsible supply chain initiative, citing the scheme's rising costs.

Global demand for lithium is expected to quadruple by 2025.

China launched the crackdown on the rare earth sector in 2009, with authorities claiming that illegal activities drove down global prices and made it impossible to cover the huge environmental costs of production.

Under the contract, Albemarle had agreed to provide as much as 25 percent of its annual production at a discount to companies seeking to produce battery metals within Chile.

We probably have more rare earth deposits in Canada, or controlled by Canadian-listed juniors, than anywhere in the world.

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