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Pursuit Minerals seeks European nickel targets to meet growing battery metal demand
By 2025, 500,000 tonnes of refined nickel will be used annually in lithium-ion batteries for electric vehicles (EVs). This equates to a five-fold increase from the amount of nickel used in EVs in 2018. Seeking to capitalise on Europe’s rapidly expanding battery...
Albemarle expects 2020 profit drop as lithium prices sag
Albemarle, the world’s largest lithium producer, reported a lower-than-expected quarterly profit on Wednesday and forecast a double-digit drop in 2020 earnings on weak prices for the battery metal. Lithium companies in the past year have been producing more than...
Hudbay secures access to Pampacancha deposit in Peru
Hudbay Minerals has secured long-awaited land rights for the Pampacancha satellite copper deposit near its Constancia polymetallic mine in Peru, which paves the way to start mining the asset later this year. The Canadian miner, which discovered Pampacancha in 2011,...
Rio to build $98-million solar plant at Koodaideri
Rio Tinto has approved a $98-million investment to build a solar plant, Western Australia’s first, which will power the company’s new Koodaideri iron ore mine, in the resource-rih Pilbara region. The plan includes building a lithium-ion battery energy storage system...