Trafigura-backed Finnish miner Terrafame to build EV battery plant
"Our goal is to complete the plant by the end of 2020, with commercial production commencing at the start of 2021," Joni Lukkaroinen, CEO of Terrafame
"Our goal is to complete the plant by the end of 2020, with commercial production commencing at the start of 2021," Joni Lukkaroinen, CEO of Terrafame
While the decision is final and not subject to appeal, one legal hurdle remains — Pampa Group, which controls SQM, earlier this month filed an additional appeal with Chile’s TDLC antitrust court.
Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), predicts a strong metals recovery ahead.
The move is part of BASF plans to invest up to 400 million euros ($462 million) as a first step in building production plants for cathode materials in Europe.
Nutrien’s executive vice-president Michael Webb, described Julio Ponce, the Chilean miner’s top shareholder and former chairman, as a “hypocrite” and urged him to “look beyond himself."
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.
NMC cathodes currently account for nearly 28% of global EV sales, forecast to grow to 63% by 2027.
The activists expressed their complaints at the European Parliament.
A rebound in mining mergers and acquisitions is set to continue into 2019, as a dearth of exploration spending leaves the industry in need of fresh investment.