Electric vehicles surpass phones as top driver of cobalt demand
The EV sector consumed 59,000 tonnes of cobalt in 2021, or 34% of total demand, according to a report by the Cobalt Institute.
The EV sector consumed 59,000 tonnes of cobalt in 2021, or 34% of total demand, according to a report by the Cobalt Institute.
Mike Henry said the miner may accelerate its potash project in Canada by a year.
The London Metal Exchange’s demand for details of private deals between its members and their clients marks a line in the sand by chief Matthew Chamberlain.
The agreement to back the plant being developed by startup Green Lithium brings the world’s top independent commodities trader into a market struggling to create new supply.
EV sales in Australia are soaring — led by the almost-ubiquitous Tesla Model 3 — and more brands and models are arriving in the market.
The sector will require $7 billion of investment each year from now until 2028, Benchmark Mineral Intelligence said in a report.
At present, electric cars are the largest market among EVs, with sales more than doubling in 2021 to over 6.4 million.
The mood in metals markets has shifted dramatically in the past few weeks.
U.S. Securities and Exchange Commission lawsuit against Vale related to the Brumadinho tailings dam failure three years ago is a reminder that the total consequences for the catastrophe are still being tallied.
The current highly unusual flow of Chinese unwrought aluminum to Europe attests to the extreme dislocation in global supply chains, writes Andy Home.