April 2021

Mick Davis’ battery materials investment enters partnership with Tesla suppliers

NextSource Materials, a battery materials development company in which Sir Mick Davis’ Vision Blue Resources is an investor, said it has entered into a partnership with two companies within the Tesla supply chain.

AT A GLANCE: Galaxy Resources output grows 39.7% in Q1 on ramp-up at Mt Cattlin

A summary of Australia-based spodumene concentrate miner Galaxy Resources’ preliminary results for the first quarter of 2021, released on Monday April 12.

China’s cobalt sulfate price decline slows after aggressive scrap-fed offers disappear

The pace of decline in the Chinese cobalt sulfate market eased on Friday April 9 after aggressive offers for scrap-fed material started to disappear.

CHINA AUTO: March output gains of 72% support metal prices

Chinese automotive production jumped by 71.6% annually in March to 2.462 million units, providing strong support for upstream metal prices.

CATL, CMOC sign co-operation deal to develop Kisanfu copper-cobalt project

Chinese battery maker Contemporary Amperex Technology’s (CATL) indirectly controlled subsidiary Ningbo Brunp Times New Energy will acquire a 25% share of China Molybdenum Co’s (CMOC) KFM Holding Ltd to develop Kisanfu copper-cobalt project together, CATL said on Sunday April 11.

NEW ENERGY MATERIALS MARKET REPORT 09/04: Chile border closure pushes Asia lithium prices higher

An overview of the new energy materials markets and their price moves from the past week.

GLOBAL LITHIUM WRAP: Global lithium complex rising; market eyes Chile

Lithium prices across the globe have been moving up slowly over the week to Thursday April 8 while the market is keeping an eye on the potential impact of fresh new market restrictions in Chile, sources told Fastmarkets.

Chile’s key lithium producers downplay impact of border closures but market wary of further logistics woes

The one-month border closure and tightened restrictions in Chile are not likely to impact the lithium operations in the country, two incumbent producer sources told Fastmarkets.

China’s CNGR to produce nickel matte in $243mln Indonesian project

Chinese battery materials producer CNGR Advanced Material has set up a joint venture with Singapore-based Rigqueza International to produce nickel matte in Indonesia, the former said in a filing to the Shenzhen Stock Exchange on Friday April 9.

PEOPLE MOVES: First Cobalt names Michael Insulan VP, commercial

Michael Insulan has joined First Cobalt as vice president, commercial, tasked with advancing the company’s offtake strategy and the marketing of its refinery’s cobalt sulfate production to electric vehicle (EV) manufacturers and battery cell makers.