World’s largest zinc smelter sees opportunity in US energy bill Korea Zinc is seeking to diversify into electric vehicle batteries and renewable energy sources. Bloomberg News | February 9, 2023 | 7:29 pm
Russian metal makes up 42% of LME warehouses’ stocks – report Last year, the LME decided not to ban Russian metal from being traded and stored in its system. Reuters | February 9, 2023 | 1:28 pm
Canada to not permit sea floor mining without ‘rigorous’ regulations Any decision on whether to allow seabed mining needed to be "informed by science" and protect ecosystems while also weighing economic and social effects, according to the joint statement. Reuters | February 9, 2023 | 12:02 pm
Redwood Materials wins $2bn DOE loan for EV materials plant The funds will be used to build out a $3.5 billion recycling and re-manufacturing complex in Nevada. Reuters | February 9, 2023 | 10:17 am
DeepRock Minerals options mineral claims near Sigma Lithium in Brazil The property covers part of the Salinas formation, where Brazil's only lithium producer CBL has been mining spodumene for almost 30 years. Staff Writer | February 9, 2023 | 9:56 am
Trafigura faces $577 million loss on alleged nickel fraud The company found that some cargoes it had bought didn't contain the nickel they were supposed to, and spent two months uncovering the scheme. Cecilia Jamasmie | February 9, 2023 | 8:03 am
Untreated seawater can produce green hydrogen – study Researchers have split seawater without pre-treatment to produce green hydrogen. Staff Writer | February 9, 2023 | 7:22 am
Cobalt’s battery-powered boom has turned to bust While automotive usage is still rising, there’s been a sharp drop-off in buying from Chinese electronics. Bloomberg News | February 9, 2023 | 4:53 am
Future Mexican lithium tie-ups must give govt majority stake: LitioMx CEO President Lopez Obrador created LitioMX, formally known as Litio Para Mexico, by decree last August. Reuters | February 9, 2023 | 4:20 am