2022 – a year of rebalancing for metals and mining

Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit in Argentina.

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.

A whopping two-thirds of MINING.com readers say battery-technology metals will perform better than precious or base metals this year.

The administration wants to identify new domestic sources of critical minerals and increase domestic exploration, mining and recycling.

Sweden will step up efforts to find precious minerals such as cobalt and lithium, key battery components that are in demand among makers of EVs.

Without changing the way it operates, the Canadian miner now wants to set foot in the world’s second lithium producing country.

The firm is also trying to halve use of cobalt in batteries from around 20% by raising the proportion of nickel, and it will start researching on development of nearly cobalt-free batteries.