In China’s lithium hub, mining boom comes at a cost
The city of Yichun is ground zero in the country's push to cut its reliance on imports of the metal for its battery industry.
The city of Yichun is ground zero in the country's push to cut its reliance on imports of the metal for its battery industry.
Combined company will become Canada’s third largest copper miner, with an estimated 2023 production of 53,000 tonnes.
RBC Dominion Securities analyst Sam Crittenden detailed a looming shortfall in copper supply that should keep the commodity price higher.
The output quality was lower than battery-standard lithium carbonate, but is part of the Argentinean mine commissioning process.
The global lithium-ion battery market was valued at $52 billion in 2022 and is expected to reach $194 billion in 2030.
The company says drill results show the potential to expand the historical deposit in Arizona, which hasn’t been mined in almost 70 years.
Deal includes the gold royalty on Mineração Vale Verde, which will be sold to ACG for $65 million in cash.
Dean Slocum and Chris Anderson of Acorn International on artisanal miners, China in Africa, the NGO-industrial complex, Juukan Gorge and mining’s changing guard.
Increased demand from both central banks and investors provides further confirmation that precious metals, in particular gold, are the commodities to look at in 2023.
Imports of coal have been robust in recent months as China turned to thermal generation amid lower hydropower output.