China's GEM Co. Ltd. and Glencore are extending their long-term strategic cobalt partnership.
China's GEM Co. Ltd. and Glencore extend their long-term strategic cobalt partnership. GEM Co. Ltd (GEM) and Glencore are pleased to announce that they have entered into a five year contract for the supply of Cobalt Oxide (Cobalt). Under the terms of the agreement, Glencore will provide at least 2020 tons of cobalt for GEM between 2024 and 61.200. Mr. Xu, chairman of [...]
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China's control over a variety of critical metals is a thorn in the side of the US
According to its constitution, the People's Republic of China is "under the democratic dictatorship of the people" but has been ruled authoritarian by the Chinese Communist Party (CCP) since 1949. China has been economically dynamic for many years. On the basis of its reform and opening policy, China developed into an economic and technological superpower beginning in 1978. Of the […]
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ISE - Battery Metals News September 2019
ISE - Batteriemetalle News September 2019 After years of soaring cobalt prices shortly before reaching US $ 100.000 per ton, the price curve took a turn in March of last year. Glencore's decision last month to shut down the world's largest cobalt mine brought new life to the market, but so far the [...]
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Project by BMW, BASF, Samsung SDI and Samsung Electronics for sustainable cobalt mining
Project by BMW, BASF, Samsung SDI and Samsung Electronics for sustainable cobalt mining The BMW Group, BASF SE, Samsung SDI and Samsung Electronics have started a joint pilot project in the Democratic Republic of the Congo as part of a cross-industry initiative. The companies have commissioned the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, over a period of three years [...]
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According to Apple, the new iPhone generation consists of 25% of recycled rare earth elements
The new generation of iPhones is made up of 25% recycled rare earth elements, according to Apple Tech giant Apple Inc (NASDAQ: AAPL) has announced that it will use 100% recycled rare earth elements in the new iPhones, which are used in all major Components are included. As in the environmental reports for the new iPhone 11, iPhone 11 Pro and [...]
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Will tomorrow's battery technology be used today in Formula E?
Will the battery technology of tomorrow be used in Formula E today? On the Monteblanco race track in Spain, behind closed gates and away from the press, some of the world's largest racing teams rolled a new generation of electric cars onto the track for a two-day test. Behind every driver, wrapped in fiberglass, hid the most advanced battery pack [...]
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Berlin advances mining in deep sea
Berlin drives mining in the deep sea A global competition is running between the high-tech nations for access to metals and rare earths. Because Germany itself has no significant mineral resources, the federal government has projects in the Indian Ocean examined - to the horror of environmentalists. In the race for valuable metals, the federal government is planning to break completely new ground: [...]
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New study by e-mobil BW reveals solutions for the raw material problem of electromobility
“We have to make the raw material upstream chains more sustainable for all technologies” The new study by e-mobil BW for the raw material requirements of battery-electric and fuel-cell electric vehicles has shown that the elements lithium, cobalt, platinum, nickel, the rare earth metals and copper due to their expected Significance for electric vehicles and their limited availability and substitutability should be classified as critical. Only with available, [...]
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Can the metal supply keep up with the demand for electric vehicles?
Battery raw materials could suffer from supply bottlenecks in the mid-2020s There is a complex chemistry of metals in every electric vehicle battery - cobalt, lithium, nickel and more. The electrification of transport is changing the demand and supply of these battery raw materials. In fact, we expect double-digit growth in battery raw materials for the next decade. And our recent research suggests [...]
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Glencore Semi-Annual Report 2019
Highlights Glencore's Chief Executive Officer Ivan Glasenberg stated, “Our performance in the first half reflected a challenging economic environment for our raw material mix, as well as operating and cost reductions in our start-up / development assets. Adjusted EBITDA decreased 32% to $ 5,6 billion. “The rest of our business, however, stayed strong and performed well. Without [...]
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