Giga Metals shares surge ahead of Tesla ‘battery day’
The stock has been on a wild ride in September.
The stock has been on a wild ride in September.
The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years.
Among expected announcements may be a cobalt-free battery, which will need higher quantities of less costly metals such as nickel and manganese.
Research at the Cluff Lake uranium mine site reveals that colloids need to be monitored because they may form contaminating sediments.
Stockpiling by China's State Reserve Bureau "could mark a point where cobalt prices begin a sustained rise".
Key polluters, including miners and oil producers, are under increasing pressure from major investors to take more ambitious measures to curb emissions.
The Cobre Panama mine, which was shut in early April by order of Panama's health ministry, has not had any covid-19 cases on site since May.
Russia is considering tripling the mineral extraction tax on metals and fertiliser producers to raise revenues, although the Kremlin said no decision had yet been taken.
Miners have been given notice that shareholders expect a zero-failure operational model.
Key moves in the mining industry.