Australian critical minerals miners have caught the attention of Korean battery manufacturers as the east Asian powerhouse looks to diversify its supply chain.
The federal government has funded a blockchain pilot project to increase competition in Australia’s critical minerals sector.
Perenti has signed a contract with Panoramic Resources for the development of its Savannah nick project in the Kimberley region of Western Australia.
Diversifying Australia’s battery industry could almost double its value by 2030, giving miners an opportunity to be part of adding $7.4 billion to the economy.
Queensland Pacific Metals has signed a seven-year offtake agreement with LG Energy Solutions and POSCO for nickel and cobalt from the Townsville Energy Chemicals Hub project.
Australia has well positioned to benefit from the rise of critical minerals, according to the federal government’s Outlook for Selected Critical Minerals Australia 2021 report.
Metals X has signed an agreement to sell its nickel assets to NICO Resources, including the Wingellina nickel-cobalt project in Western Australia and the Claude Hills project in South Australia.
A report from the International Energy Agency (IEA) has found global needs for critical minerals could increase by up to six times by 2040.
The Australian Government has announced a $190 million investment plan for northern Australia to grow business opportunities in the region, including critical minerals development.
Australian Mines has continued to seek offtake partners for the Sconi nickel-cobalt project in Queensland.
The Australian Trade and Investment Commission (Austrade) has flagged strong demand for critical minerals following indications that the United States plans to develop renewable energy facilities and extensive electric vehicle (EV) supply.
Chalice Mining has defined four additional high-grade zones at the Julimar project in Western Australia.
Glencore will supply cobalt to Chinese battery manufacturer Green Eco-manufacture Hi-tech (GEM) for an additional five years after expanding their partnership.
Chalice Gold Mines has raised $100 million to prop up its development activities at the Julimar nickel-copper-PGE (platinum group elements) project in Western Australia.
IGO is building on its purpose of “making a difference” as a business as it continues its strategic focus on copper and nickel as metals critical for enabling clean energy.
Glencore is aiming to supply the electric vehicle industry with ethical nickel and cobalt, demonstrating the mining industry’s commitment to having a positive social impact.
McGrathNicol Restructuring has been appointed as voluntary administrators of Tiger Resources to assess the future of the company and its assets.
The Queensland Government is offering funding for Australian Mines to support the Sconi cobalt-nickel-scandium project in North Queensland.
Western Australia could soon become a lithium-ion battery cathode manufacturer, according to a Department of Industry, Innovation and Science report.
IGO has exceeded full-year production guidance for all metals at the Nova nickel-copper-cobalt mine in Western Australia, despite challenges caused by bushfires and the COVID-19 pandemic.