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Zimbabwe Set to Launch Second Chinese-run Lithium Processing Plant

Final testing is now underway at a new Chinese-run lithium processing facility in eastern Zimbabwe, around 150km east of Harare. When fully operational, the new plant will be able to produce 300 tonnes a day of lithium concentrates that will be sent ...

Key Battery Metal Prices to Remain in Doldrums for the Foreseeable Future, Says Goldman Sachs Forecast

The prices of essential resources used to manufacture electric vehicle batteries will remain under severe pressure for at least the next 12 months, according to a forecast by U.S. investment bank Goldman Sachs. A combination of factors is contributing to the ...

Weak EV Demand Prompts Chinese Lithium Miners to Cut Production

It wasn't that long ago that China's lithium miners were once impervious to the sharp drop in prices of the key battery metal, but apparently they, too, have their limits. Slowing EV demand at home and abroad combined with a surge ...

China is Taking Advantage of Rock Bottom Cobalt Prices to Stockpile Huge Quantities of the Blue Metal

The Chinese government is leveraging a 40% plunge in the price of cobalt to further bolster its national strategic reserve of the blue metal used in advanced electronics and electric vehicle batteries. UK-based cobalt trading house Darton Commodities recorded a massive ...

U.S., Canada Look to Wean Themselves Off Dependence on China for Critical Minerals

Energy ministers from the United States and Canada expressed deep reservations about their countries' current reliance on China for processed minerals that are used to power next-generation mobility and technologies. In separate interviews, U.S. Energy Secretary Jennifer Granholm and Canada's Minister ...

U.S. Tries Again to Secure China-Free Critical Resources Supply From the DR Congo

For the second time in two years, the United States signed an agreement with the Democratic Republic of the Congo in a bid to secure reliable supplies of critical resources free of any Chinese entanglements. The U.S. on Monday announced it ...

U.S. Mining Start-Up Makes Huge Copper Discovery in Zambia

A California-based mining start-up, KoBold Metals, announced that it had discovered Zambia's largest copper deposit in a century. KoBold president Josh Goldman said on Monday the company's Mingomba mine in northern Zambia is poised to become one of the world's top ...

U.S. Bill Targets China’s Critical Mineral Stake

U.S. senators introduced legislation that would make federal agencies regularly track critical mineral and rare earth deposits around the world and who controls them. The Critical Minerals Security Act of 2024 would highlight when a deposit is controlled by “a foreign ...

Chinese Mining Companies Are Pushing Down the Price of Cobalt, U.S. Committee Wants to Do Something About It

There's a growing awareness in Washington, D.C., that the rock-bottom prices of certain critical resources used to manufacture electric vehicle batteries provide China a competitive advantage while jeopardizing U.S. national security. A massive glut of cobalt, nickel and other EV battery ...

Chinese Nickel Miners in Indonesia Are Becoming Very Anxious About Falling Prices

The year-long slump in nickel prices is endangering the economic viability of some of the many Chinese mining companies in Indonesia that dominate the sector. Chinese-owned mines account for 60-70% of all investment in Indonesia's nickel mining business, which is significant ...
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