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Nickel, cobalt price: Electric car sales are tanking, but metal use spikes
The global auto industry will produce 88.8 million cars and light trucks this year, an almost 6% drop from a year ago, according to researcher IHS Markit, quoted by Bloomberg News. Electric cars have been a bright spot, but due to a cut in subsidies, China’s...
First Cobalt on track for 2020 refinery restart with Glencore
Canada’s First Cobalt released an update Wednesday on the progress of recommissioning its cobalt refinery in partnership with Glencore (LON:GLEN). The mining and commodities trader giant is lending First Cobalt an initial $5 million to restart the company’s refinery...
Violent protests shut down key Rio Tinto mine in South Africa
Violent protests, often characterized by deadly shootings and barricades of burning tires, are making it harder for the world’s biggest mining companies to operate in South Africa. Rio Tinto Group shuttered its Richards Bay Minerals (RBM) unit on Wednesday and paused...
New Gruyere mine officially opens in Australia
Australia’s newest gold operation — the Gruyere mine located 200 kilometres northeast of Laverton — has officially opened and is safely ramping up to an average annual production of 300,000 ounces. The project is a 50:50 joint venture between Gold Road Resources and...