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...The mining sector remains unloved by investors despite record profits for many big companies last year, and despite widespread expectations of a boom in demand for metals such as copper, iron ore and nickel...
...Ebitda for iron and copper rose in the second half of the year when compared with the first half, as Barclays points out....
...Goncalves was born in Brazil, trained as an engineer and has spent his entire career in metals and mining....
...He cannot afford complacency when it comes to metals vital to EVs. Indonesia is contemplating setting up an Opec-like cartel for nickel....
...A second technology that investors should take notice of is the iron-air battery, in which energy can be stored and discharged through the rusting and “unrusting” of iron....
...“There will be a very high cash payout for sure but this will be the last of the big returns from the iron ore producers,” said Myles Allsop, analyst at UBS....
...Although Vale is best known for its huge iron ore business it also has a large division that produces industrial metals, primarily nickel and other clean energy metals such as copper and cobalt....
...Musk’s many fans there still applaud the entrepreneur as the “Silicon Valley Iron Man”. Yet, as he is rapidly discovering, Tesla’s connected cars are also connected to geopolitics....
...A version of this article was first published by Nikkei Asia on August 25 2022. ©2022 Nikkei Inc. All rights reserved....
...Tesla turned to LG Chem as well as CATL, which makes lithium-iron phosphate batteries, to supply the cells for its Model 3 cars in China....
...Tesla’s Model 3 cars produced at its Shanghai factory mostly use the alternative lithium-iron phosphate batteries....
...Elon Musk, Tesla’s chief executive, said safer variants of lithium-ion technology such as lithium-iron phosphate batteries — which use iron and phosphate instead of the metals nickel and cobalt — are suitable...
...Western miners are competing to secure sustainable supplies of nickel outside China, an important battery metal....
...Jacques quit Rio last year after failing to quell investor anger over the destruction of a 46,000-year-old Aboriginal site in Western Australia to make way for the expansion of an iron ore mine....
...In just one year, iron ore prices jumped 78 per cent and the benchmark price of lumber tripled. Prices of other metals such as nickel and aluminium have also risen....
...Under the iron-fist rule that followed, opposition figures were arrested and free speech was suppressed....
...Wind and sun are free but actually, you need an enormous amount of metals to move to a net-zero world. And so that means mines, and there’s controversy about mines....
...Tesla is following advice from an earlier era of metal-bashing: strike while the iron is hot. The US electric car maker plans to tap the equity market yet again....
...Three senior executives at the Australian iron ore miner Fortescue Metals Group have resigned. Read more here....
...But a number of Chinese-backed projects in the country plan to dump mine waste containing metals such as iron into the sea, in an area renowned for its unique coral reefs and turtles....
...Australian miner Fortescue Metals Group has become embroiled in a dispute over the free flow of information after it launched legal action to prevent publication of details of its contracts....
...Weir will continue to manufacture equipment specialising in the extraction of copper, gold and iron ore, as well as lithium and other battery metals....
...The chemistry between electric cars and the metal is fantastic....
...The battery produces hydrogen from iron powder and water, then supplies it to a fuel cell....
...Shares in Chinese cobalt miners dropped on Wednesday following news that Tesla had chosen to produce its Model 3 electric car in the country with lower-cost batteries that do not contain the metal....
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