Coronavirus could reduce China’s battery storage production by 10% in 2020
Affected provinces were expected to contribute 162 GWh of battery cell production in 2020, equivalent to 61% of China cell manufacturing capacity.
Affected provinces were expected to contribute 162 GWh of battery cell production in 2020, equivalent to 61% of China cell manufacturing capacity.
The inevitable copper surge that is coming - when trade impediments are solved and the coronavirus is contained.
Nickel is the weakest performer in the LME base metals pack so far this year.
The South Korean battery manufacturer will receive up to 21,000 tonnes of cobalt, mostly coming from the Katanga mine in DRC.
The new monopoly could smooth out periodic air-pockets in the supply chain, but the temptation to use its market power to support prices during periods of low-growth demand may prove irresistible.
The miner already gets more than 40% of the water it needs from the ocean and has vowed to stop using fresh water drawn from the surface and underground in Chile by 2030.
A new report by McKinsey found 30 to 50% of production of three top commodities is concentrated in areas where water stress is already high.
Wood Mackenzie says investments and deals made in the coming months will be critical to EV adoption potential over the next decade.
Licences would allow the miner to determine concentrations of lithium on the flat, estimate the size of the resource and identify necessary next steps.
The South African miner could sell up to a a 30% interest in its Salares Norte gold project.