The mining industry has been a frontrunner in adopting new technologies over the past decade, with electrification serving as the next frontier for a cleaner and cost-effective future.
Industry leaders including BHP and Gold Fields reinstated their pledge towards the International Council on Mining & Metals’ (ICMM) innovation for the cleaner, safer vehicles (ICSV) initiative at IMARC 2020.
Pilbara Minerals, AVZ Minerals and Core Lithium have all adjusted their plans due to COVID-19 and the challenging market for lithium. Vanessa Zhou looks at what’s in store for the trio.
Galaxy Resources is anticipating that its Sal de Vida lithium mine in Argentina will enter production in time for a surge in lithium demand.
Boasting Europe’s largest lithium resource, Vulcan Energy Resources has a central position close to the growing lithium-ion battery (LIB) and electric vehicle (EV) markets in Germany, plus the lowest carbon dioxide (CO2) intensity and water usage of all lithium projects globally.
Pilbara Minerals is set to receive $US110 million in financing, positioning it to capitalise on the growing demand for raw lithium materials.
Hastings Technology Metals has inked a master agreement with German automotive supplier Schaeffler Technologies AG for the supply of its mixed rare earth carbonate (MREC).
The BMW Group has signed a contract with Ganfeng Lithium to receive its supply for the battery-making ingredient from Australian mines.
Demand for lithium and cobalt is set to improve next year following a disappointing 2019, according to Fitch Solutions.
The Australian Government is prioritising the development of the nation’s position as a global supplier of rare earths and high performance metals.
AVZ Minerals has secured another Chinese backer for its Manono lithium and tin project in the Democratic Republic of Congo amid softening market conditions.
Australian Mines has extended its timeline for the Sconi project offtake agreement with Korean electric vehicle battery manufacturer SK Innovation due to project financing concerns.
Wesfarmers has executed its acquisition of Kidman Resources by completing a $776 million deal.
As the world creates modern renewable energy storage solutions, adopts more portable electronics and continues the conversion of fuelled vehicles to electric vehicles, the global demand for lithium-ion batteries will continue to surge.
Syrah Resources plans to take “immediate action” in response to the sudden decrease in graphite prices, which may plummet further later this year.
Pilbara Minerals plans to sell an 8.5 per cent stake in the company to China’s largest electric vehicle (EV) manufacturer despite a slowdown in lithium’s largest market.
Galaxy Resources has reported a shipment delay at its Mt Cattlin spodumene-tantalum operations in Western Australia, which was intended for departure during the second quarter of this year.
Pilbara Minerals has achieved record production at its Pilgangoora lithium-tantalum project in Western Australia during May with its stage one plant capacity reaching 85 per cent.
The rise of Australia’s battery metals sector over the last few years — particularly in Western Australia — is proving indicative of a wealth of potential that is yet to be fully tapped.
Rio Tinto has released details of encouraging intercepts at the Winu copper-gold project in the Paterson province, Western Australia.