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EV sales surging, but future growth needs battery, minerals diversification – IEA 

By: Irma Venter     26th May 2022 Despite electric car sales remaining strong this year, future growth will demand greater efforts to diversify battery manufacturing and critical mineral supply to reduce the risk of bottlenecks and price increases, says the International Energy Agency (IEA).  Sales of electric cars (including... 

Tharisa reports higher interim production, revenue

By: Darren Parker     26th May 2022 JSE-listed integrated resources group Tharisa has reported a “cash-generative performance” and an increase in production for the six months ended March 31, despite material increases in one of the company’s major input costs – diesel – which continues to rise. Tharisa has positioned itself in the... 

Nampak reports satisfactory but challenging interim period  

By: Tasneem Bulbulia     26th May 2022 JSE-listed Nampak has announced improved trading conditions for the six months ended March 31, in what it says was a challenging period. The period was characterised by robust trading conditions in key markets and Nampak’s Metals businesses were the main contributors to revenue and trading profit... 

The trouble with lithium

By: Bloomberg     26th May 2022 Elon Musk wants to mine it, China is scouring Tibet for it, battery makers are crying out for it. Lithium, the wonder metal at the heart of the global shift to electric cars, is in a full-blown crisis. Demand has outstripped supply, pushing prices up almost 500% in a year and hindering the... 

Australian Vanadium inks renewable MoU

By: Esmarie Iannucci     26th May 2022 ASX-listed Australian Vanadium has inked a memorandum of understanding (MoU) with renewable energy developer North Harbour Clean Energy (NHCE) for the potential development of energy storage projects. Through its subsidiary VSUN Energy, Australian Vanadium help to facilitate development of... 

Goondiwindi hydrogen plans get state funding

By: Esmarie Iannucci     26th May 2022 The Queensland government has announced A$2-million in funding to the Goondiwindi regional council and its project partners to pioneer the integration of hydrogen production with wastewater treatment. Deputy Premier and Minister for State Development Steven Miles said Goondiwindi’s Wastewater... 

Commodities in 'perfect storm' says ERG, as crisis starts super cycle

By: Reuters     26th May 2022 Years of under-investment in mining of metals essential to energy transition, supply shocks and high energy prices will continue to drive commodity prices higher, Eurasian Resources Group (ERG) CE Benedikt Sobotka said on Wednesday. Combined with Covid-related logistical issues and demand for... 

Platinum-boosted South African hydrogen electrolyser leaps ahead  

By: Martin Creamer     25th May 2022 The proof-of-concept of the platinum group metals-boosted advanced alkaline electrolyser – the AAE ­– has been successfully completed by Hydrox Holdings of Randburg in a pioneering achievement that offers the potential for South Africa to enter the fray as world demand for hydrogen electrolysers... 

Pensana confirms $494m capital cost for its Saltend, Longonjo operations

By: Marleny Arnoldi     25th May 2022 London-listed Pensana has completed a front-end engineering design (FEED) and value engineering study for a rare earth separation hub at the Saltend Chemicals Park, in the Humber Freeport, in the UK. The company aims to establish a rare earth processing hub amid growing concerns over supply... 

Suvo finds offtake partner

By: Esmarie Iannucci     25th May 2022 Kaolin producer Suvo Strategic Minerals has struck a non-binding agreement with supply chain services provider C&D Logistics Group over a possible offtake agreement. Under the terms of a non-binding cooperation agreement, the two companies would work to negotiate a sales and purchase agreement... 

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