EV motors represent around 12% of global magnet consumption with Tesla accounting for 15-20% of the sector's demand.
The rush for battery metals has prompted a flurry of activity from investors not typically associated with the mining industry.
With workers opting for jobs that are less physically demanding jobs and not in far-flung locales, attracting mining talent is now a key problem for the industry.
Vale will contribute an initial $1.1 million to the University, with a focus on decarbonization and the energy transition economy.
The exchange is facing further legal action in London by a company called Double Eight Ltd.
Investors and car makers continue to bet on lithium miners, wagering that a shift toward EVs will become a permanent trend.
Mined cobalt supply grew by 23% to 187,060 tons in 2022, in a supply swell that wiped out a large deficit seen in 2021.
The rush for metals needed to power electric vehicles has “clearly brought the sector into a spotlight that it wasn’t in a few years ago,” BMO analyst says.
MetalCorp's main assets are the North Rock copper-nickel project and the Big Lake copper-zinc-gold-silver project in Ontario.