Hanrui Cobalt applies for HK listing to fund expansion
Company is one of China's biggest producers of the metal and is building new facilities in the southern Chinese city of Ganzhou to produce 10,000 tonnes per year of cobalt chemicals.
Company is one of China's biggest producers of the metal and is building new facilities in the southern Chinese city of Ganzhou to produce 10,000 tonnes per year of cobalt chemicals.
A report presented before the House of Commons states that it is time for the Canadian government to step up its critical minerals game.
While seabed mining remains technologically and commercially unproven, rising demand for metals crucial to decarbonization are already unleashing a gold rush to the bottom of the sea.
Global exploration spending for base metals will nearly double within five years from the current annual $70 million to $80 million, CTO Laura Tyler says.
Adding more capacity to refine metals into specialist chemicals or materials and building expertise in manufacturing lithium-ion cells or battery packs, would enable the battery industry to contribute about A$7.4 billion to the nation’s economy by 2030.
Wood Mackenzie plots the forecast progress of gold miners out to 2030 against the reduction in emissions required to align with the 2°C and 1.5°C targets.
The government has issued a list of specific metals which production aims to boost with its new policy for strategic minerals.
The government is consulting with parties including the central bank and the mining industry, with a plan to start operating a bank in 2024.
The nickel and cobalt markets are facing similar supply deficits over the next few decades, Glasenberg says.
Eurobattery Minerals and FinnCobalt said total resource tonnage has doubled and contained metal tonnes increased some 50%.