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Cobalt demand for 5G to challenge electric vehicles
The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years and potentially pit the sector against electric vehicle makers. Larger batteries, using lithium cobalt oxide...
US to assist Colombia in the development of its mining industry
The US Secretary of State, Mike Pompeo, announced that his office will launch a program to provide technical assistance for the development of Colombia’s mining industry. During a recent visit to the South American country, Pompeo said that the proposal will be...
Uranium One targets 10% of lithium market by 2030
Uranium One, a unit of Russia’s state-owned nuclear energy firm Rosatom, plans to begin producing lithium by 2023, targeting between 9% and 10% of the global market by 2030. “We are considering the acquisition of raw material assets overseas to integrate into global...
Southern Silver acquires Cerro Las Minitas project in Mexico
Southern Silver Exploration acquired Electrum Global Holdings’ 60% indirect working interest (for a total 100% interest) in the Cerro Las Minitas project in Mexico. In a press release, Southern Silver said that as consideration for the acquisition, it must pay...