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...She added that Greenko Energy Holdings, a Hyderabad-based company, was granted a similar contract to exploit lithium last year....
...“We have already lost two of the four such sites originally designated for us in the Unclos negotiation, each site holding an estimated value of $1tn of copper, nickel, cobalt, manganese and rare earths,...
...Chinese producers are often integrated with industrial activities or receive state-backed financing, enabling them to power ahead even in commodity downturns....
...Glencore-backed Horizonte Minerals has failed to secure financing to complete its nickel mine in Brazil following soaring costs and rising investor concern that Indonesia is flooding the market for the electric...
...Australian government has added nickel to a list of commodities eligible for support from a A$6bn (US$3.9bn) stimulus fund, extending a lifeline to the ailing industry as falling prices hit producers of the mineral...
...Under Crown Prince Mohammed bin Salman’s “Vision 2030” to modernise Saudi Arabia’s economy, mining and minerals processing are earmarked to become the third industrial “pillar” next to oil and gas and petrochemicals...
...With the world’s largest reserves of the mineral, it commands a market share of more than 50 per cent....
...In the span of a week, Rinehart’s Hancock Prospecting has bought shares in Australia’s Lynas and taken a 5 per cent holding in US-listed MP Materials....
...Glencore-backed nickel miner Horizonte Minerals has warned it needs another financial injection after reporting a more than doubling in the cost to build its flagship project in Brazil....
...Looking forward to 2024, analysts say that industrial metals are likely to remain in a tug of war between China’s economy and the rest of the world....
...EVs are still more expensive to make than petrol cars, partly because of the high cost of minerals required for their batteries....
...These minerals power modern life and if China pulls the plug, we will all pay the price.” The UK published its first critical minerals strategy in July 2022, followed by a “refresh” earlier this year....
...Chinese companies control more than 99 per of the global market for battery-grade graphite and 69 per cent of the market for synthetic graphite used in battery anodes, according to consultancy Benchmark Minerals...
...price of lithium has tumbled more than 80 per cent in the past year to $13,200 per tonne, its lowest level since 2020, after excessive levels of supply hit the market, according to data group Benchmark Mineral...
...Chinese companies dominate Indonesia’s nickel industry, with producer Tsingshan Holdings and battery giant CATL among prominent investors....
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.... — Lee Harris Green jobs Easing the green labour logjam The red tape that results in long wait times to open critical mineral mines, permit new housing construction, or erect new electrical transmission...
...BHP said it was reassessing a nickel project it acquired last year with Oz Minerals. Yet again, a cycle of heavy miner investment and bullish promises could be followed by insufficient reward....
...SQM has invested in Azure Minerals, and is part of a joint venture with Wesfarmers in the Mount Holland mine and Kwinana processing plant in Western Australia....
President Yoon Suk Yeol has pledged to target private use of company vehicles
...Northvolt has made a breakthrough in a new battery technology used for energy storage that the Swedish industrial start-up claims could minimise dependence on China for the green transition....
...South Africa’s minerals resources minister Gwede Mantashe told the Financial Times that he opposed the bid because his country’s experience with BHP was “not positive”, though he said this was not an official...
...Indonesia’s ministry for energy and mineral resources did not respond to a request for comment....
...The German industrial group said the two parties were in talks for Křetínský’s holding company EPCG to take a further 30 per cent stake, forming a 50-50 joint venture....
...Chris Ellison, who controls A$12bn ($8bn) miner Mineral Resources and is a shareholder in Azure, said this month that SQM’s bid looked “dead in the water”....
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