Copper, nickel, zinc prices sink on China car sales, trade war
Near 17% decline in Chinese car sales in April – the 11th monthly drop in a row – compounds impact of Washington-Beijing trade salvoes.
Near 17% decline in Chinese car sales in April – the 11th monthly drop in a row – compounds impact of Washington-Beijing trade salvoes.
Lithium chemicals supplier Livent Corp. saw its shares tumble by over 22% on Wednesday on the back of a disappointing Q1 earnings release.
The new legislation goes further than ever before, looking at not only the domestic mineral resources but the supply chains that refine the raw materials for electric vehicles.
Australian Mines aims to produce 53,300 tonnes of nickel sulphate and 8,500 of cobalt sulphate a year, making it a sizeable producer of the materials used in lithium batteries for electric vehicles.
The electric vehicles pioneer is worried about the effects of booming demand for EVs will have on the supply of minerals needed to manufacture rechargeable batteries.
The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.
The “New Silk Road” is the term for an ambitious trade corridor first proposed by the Chinese regime under its current president, Xi Jinping, in 2013.
Global demand for strategic minerals like lithium, graphite and nickel will skyrocket by 965%, 383% and 108% respectively by 2050, according to the World Bank’s updated 2018 projections.
But with demand for lithium set to boom from above 300,000 tons a year to a million tons by 2025, mining companies need to grow fast and they prefer to do so in jurisdictions they know well.
The results validate the company's own internal cost-to-complete construction assessment as of Feb. 13, 2019.