Falling cobalt prices add fresh challenges to DRC’s economy
GDP growth in the DRC is expected to fall to 4.3% this year from 5.8% in 2018, due to a slowdown in mining activity triggered mainly by lower cobalt prices.
GDP growth in the DRC is expected to fall to 4.3% this year from 5.8% in 2018, due to a slowdown in mining activity triggered mainly by lower cobalt prices.
POSCO's decision is the latest in a string of setbacks for Chile, which has struggled to modernize its lithium policies, boost output and develop a domestic battery industry.
Capital projects were overshadowed when investors turned their attention to other markets. That's all changing.
Court doubled the fine applied against the company to 200,000 Real ($52K) for each day it kept the nickel complex open, despite a February ruling that ordered the full suspension of operations at the site.
Tesla CEO says product rollout is tied to battery production and "we have to look further down the supply chain."
Mining consultancy firm Benchmark Minerals, which specializes in lithium-ion raw materials, has released a statement in response to the LME.
Among its aims are "the exploration, exploitation and commercialisation of minerals", forest logging, security, transport, construction and "all financial, investment and project financing operations.
Romania is re-opening mines for rare Earth minerals to lure investments in electric battery plants, joining a Europe-wide initiative that aims for a bigger share of the global market.
The mining industry is undergoing a huge technology shift, so it is inevitable that its workforce needs to change.
The company's proposed production facility at Kwinana, near Perth in Western Australia, would manufacture battery graphite worth $72 million a year for export.