October 2021

LME WEEK 2021: Industrially mined cobalt can’t respond to demand growth, ERG CEO says

Global cobalt supply can’t keep pace with surging cobalt consumption because its production is tied to copper and nickel mining rather than underlying demand, the chief executive officer of diversified mining company Eurasian Resources Group (ERG) said.

Canada’s Rock Tech to build lithium hydroxide conversion plant in Germany

Canadian junior miner Rock Tech Lithium plans to develop a battery-grade lithium hydroxide conversion plant in the German region of Brandenburg, it announced on Monday October 11.

China’s Zijin Mining to buy Canada's Neo Lithium for $769mln

China’s Zijin Mining Group is to buy Canada’s Neo Lithium Corp for about C$960 million ($769 million), according to a company filing to the Shanghai Stock Exchange (SSE) on Monday October 11.

ENERGY TRANSITION RAW MATERIALS 08/10: Chinese cobalt prices move up despite thin buying

An overview of the new energy materials markets and their price moves in the week to Friday October 8.

Lithium Americas doubles estimate of reserves at Thacker Pass

Canadian junior miner Lithium Americas has increased its resource estimate and capacity of its lithium mine project at Thacker Pass, in the US state of Nevada.

Rocketing spot spodumene price pushes contractual negotiated pricing up

Surging spot spodumene prices following aggressive bids in the latest Pilbara Minerals’ spodumene concentrate auction has elevated negotiated prices for fourth-quarter term contracts, market sources told Fastmarkets.

China’s battery materials supply chain partially recovers from power-cut policies

Some companies in China’s battery materials supply chain have partially recovered operations after the power-cut policies before the National Day Holiday in China (October 1-7), while others await further instruction from local authorities on when production can be fully recovered, sources told Fastmarkets.

AT A GLANCE: Pilbara Minerals’ spodumene concentrate shipments exceed guidance in Jul-Sep

A summary of Australian lithium producer Pilbara Minerals’ results for the September quarter of 2021, as released on Wednesday October 6.

LME WEEK 2021: $20,000/t a step too far for nickel this year; better chance of breakout in '22

Fastmarkets analysts Andrew Cole and Andy Farida and reporter Thorsten Schier size up the nickel market ahead of LME Week, which begins Monday October 11.

RESEARCH: Synthetic and natural graphite both critical to meet EV sector growth

Numerous challenges are ahead for the graphite industry while it develops to meet the needs of the rapidly growing electric vehicle (EV) sector.