October 2021

ENERGY TRANSITION RAW MATERIALS 15/10: International metal cobalt prices move up on firmer tone after LME week

An overview of the new energy materials markets and their price moves in the week to Friday October 15.

Spot spodumene price steady; market eyes next auction

The spot price for spodumene concentrates has been steady in the past two weeks, while the market is eyeing the next auction for lithium feedstock in late October.

Umicore to source lithium from Ganfeng, Vulcan Energy Resources

Metals and battery materials company Umicore has signed long-term lithium supply agreements with China’s Ganfeng Lithium and Germany’s Vulcan Energy Resources, the Belgian company announced on Friday October 15.

GLOBAL LITHIUM WRAP: Prices in China resume ascent after holiday

Lithium prices in China resumed their ascent in the week to Thursday October 14 on active trading after the end of a week-long holiday over October 1-7 to mark the country’s National Day, with the seaborne Asian market following suit.

Chile tenders 400,000 tonnes of lithium extraction rights

Chile will allow companies to bid for licenses for the extraction of 400,000 tonnes of lithium, the country’s mining ministry said on Thursday October 14.

ENERGY TRANSITION INTERVIEW: Industry accelerating push for clean energy tech - Nth Cycle CEO

Regulation has been an important driver for the push toward clean energy technologies but industry has accelerated this mindset, the chief executive officer of Nth Cycle said.

GEM signs 3-year battery materials supply deal with South Korea’s EcoPro BM

Chinese battery materials producer GEM has signed a memorandum of understanding with EcoPro BM, a subsidiary of South Korean battery cathode materials producer EcoPro, for the supply of battery raw materials over 2024-2026.

CHINA COBALT SNAPSHOT: Chinese market boosted by rallying international benchmark metal price

Key data from the Wednesday October 13 pricing session in China.

ENERGY TRANSITION: IEA warns that metals price volatility may slow net-zero progress or add to costs

Higher or more volatile prices for critical minerals such as lithium, cobalt, nickel, copper and rare earth elements could slow global progress toward a clean-energy future or make it more costly, according to the International Energy Agency (IEA).

LME WEEK 2021: Supply, infrastructure charging challenges remain for EV growth, ERG CEO says

A lack of vehicle-charging infrastructure, along with constraints on the supply of battery raw materials, were the major challenges to growth in the adoption of electric vehicles (EVs), the chief executive officer of diversified mining company Eurasian Resources Group (ERG) has said.