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COLUMN-Unexpected bump on the EV road hits battery metals – by Andy Home (Reuters – December 18, 2019)

https://www.reuters.com/

LONDON, Dec 18 (Reuters) – It’s been a tough year for electric vehicle (EV) metal bulls. The previous speculative heat surrounding any and every material that goes into an EV battery has dissipated over the course of 2019. Two years ago the spot lithium price in China was $26 per kilogram. Today it is assessed by Fastmarkets at below $8.

Cobalt, a key input for lithium-ion battery chemistry, has experienced a similar boom and bust cycle, the price of standard grade metal sliding from over $44 per lb in the second quarter of 2018 to a current $15.75.

Nickel has fared better but only thanks to strength in its traditional end-use sector, stainless steel, rather than any pull from the battery sector. Both lithium and cobalt are living with the consequences of previous price exuberance in the form of a supply surge that has swamped processing capacity and left an overhang of stock.

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OEMs ‘fail to understand need to source EV battery raw materials’ – by Steve Garnsey (Automotive Logistics – December 23, 2019)

https://www.automotivelogistics.media/

OEMs and companies in the automotive supply chain show a lack of comprehension of how serious the situation is in accessing key metals required for electric vehicle (EV) batteries, according to Scott Williamson, managing director of Australian mineral explorer and mine developer Blackstone Minerals.

“I don’t think they [the automotive industry] understand how critical and difficult it is to get hold of these metals,” he told Automotive Logistics.

“There’s a disconnect between the amounts of money at the automotive level and what comes down to us,” he added. “If the money doesn’t come down to the mining level, there will be no EV revolution.”

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Accent: Sudbury’s impact on Lake Huron (hint — it’s major) – by Joe Shorthouse (Sudbury Star – December 21, 2019)

https://www.thesudburystar.com/

Sudbury is part of the Great Lakes Ecosystem. Water in toilets flushed in Sudbury, along with waters from mine tailings, flows into Lake Huron and pass under the swing bridge on Manitoulin Island

The new partnership of residents who live year-round on the islands in the Great Lakes, called the Great Lakes Islands Alliance (GLIA), held its third annual Summit on Mackinac Island in Lake Michigan in October.

As with previous gatherings, participants reminded themselves that the Great Lakes hold about 20 per cent of the world’s fresh water and living on islands comes with the responsibility of protecting the integrity of this critical resource.

Participants have come to visualize the five Great Lakes as gently sloping eastward from the west coast of Lake Superior to the east coast of Lake Ontario, and as a result, Great Lakes waters eventually flow into the St. Lawrence River and the Atlantic Ocean.

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Study of copper-nickel mining’s effect on Boundary Waters dropped from bill – by Jimmy Lovrien (Duluth News Tribune – December 17, 2019)

https://www.duluthnewstribune.com/

Language that would have required a study of the impact of copper-nickel mining on the Boundary Waters Canoe Area Wilderness was dropped from the Department of the Interior, Environment and Related Agencies Appropriations Bill this week.

It would have commissioned a report from the National Academy of Sciences “on the impacts on ecosystem services of the Superior National Forest and the Boundary Waters Canoe Area Wilderness resulting from a Twin Metals sulfide-ore copper mine located in the watershed of the Boundary Waters Canoe Area Wilderness” but it was removed from the final agreement by White House negotiators, a spokesperson for U.S. Rep. Betty McCollum, D-St. Paul, who authored the bill, confirmed to the News Tribune Tuesday.

Twin Metals, owned by Chilean mining conglomerate Antofagasta, is hoping to build a large underground copper-nickel mine near Ely, within the Rainy River Watershed and on the edge of the BWCAW. Critics say the project could send tainted runoff into the BWCAW while supporters say the mine would bring much-needed jobs to the region.

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Vale files $1-million lawsuit, CBC report says – by Staff (Sudbury Star – December 17, 2019)

https://www.thesudburystar.com/

A half-dozen people profited in a complex fraud scheme through a Vale mill, according to a civil suit filed in Ontario Superior Court in Toronto.

The document, which was obtained by CBC, alleges former Clarabelle Mill superintendent Lee MacIsaac, along with maintenance supervisor William Auger and parts coordinator Yvan Lecuyer, conspired to pocket at least $1 million through payments on maintenance work that was never performed.

None of the allegations have been proven in a court of law. The suit also names three men affiliated with contracting companies as collaborators in the scheme: Felix Vazquez of Metso Minerals, John Vasconcelos of E.S. Fox Ltd., and Jason Bettiol of ABS Manufacturing.

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The next mining boom? Rare earths and the rise of Australia’s ‘other’ minerals – by Nick Toscano (Sydney Morning Herald – December 13, 2019)

https://www.smh.com.au/

Lithium, cobalt, titanium, rare earths – expect to hear more about them as we transition to green technologies. But what are they, actually? And what are they for?

Coal and iron ore are the heavy hitters of minerals in Australia. They’re our two top mining commodities by far, together accounting for 30 per cent of national exports.

But a handful of other minerals have become rather fashionable in recent times. They account for a small fraction of our export earnings and it’s mostly small operators that dig them out of the ground, with just a couple of big names in the mix. Yet they are rapidly becoming more important and edging their way into common parlance as result.

The sci-fi-sounding rare earths is one. Titanium is another. “He’s a man of titanium,” US President Donald Trump declared of our Prime Minister Scott Morrison this year, adding a zeitgeisty, if incomplete, fast fact: “You know, titanium’s much tougher than steel.”

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OPINION: ‘Green’ energy relies on copper-nickel mining – by Jeremy Munson (Minneapolis Star Tribune – December 11, 2019)

http://www.startribune.com/

Jeremy Munson, R-Lake Crystal, is a member of the Minnesota House.

Gov. Tim Walz’s mandates on electric vehicles and his push for 100% “green” energy represent a government takeover of energy, furthering an agenda of science deniers.

Make no mistake, this is an admirable goal. However, I am a lawmaker who embraces both science and reason, and these proposals are rooted in neither. Unlike many of my colleagues on both sides of the aisle, I am not a science denier when it comes to green energy.

Last winter, I approached hundreds of green energy demonstrators in the State Capitol rotunda and spoke to a group carrying signs demanding electric vehicles mandates. I introduced myself and thanked them for supporting the PolyMet copper-nickel mine.

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RPT-COLUMN-Nickel bubble deflates but a bear trap may be opening – by Andy Home (Reuters U.S. – December 5, 2019)

https://www.reuters.com/

LONDON, Dec 5 (Reuters) – The nickel price bubble is slowly deflating but bears would be advised to tread carefully with a sharp fall in LME inventory threatening a repeat of the time-spread turbulence that rocked the London market in late September.

London Metal Exchange (LME) nickel surged to a five-year high of $18,850 on Sept. 2, from $12,000 per tonne at the start of July, as Indonesia brought forward to a ban on exports of nickel ore to January.

But the exuberance has dissipated with short-term fund money pulling out to leave LME three-month metal around $13,100 per tonne currently. While nickel may be on the electric vehicle (EV) investment grid because of its use in lithium-ion batteries, an old driver is reasserting itself – namely the state of the stainless steel market.

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New boss at Vale – Dino Otranto – favours improved safety and being more competitive – by Len Gillis (Northern Ontario Business – December 5, 2019)

https://www.northernontariobusiness.com/

“We have an abundance of ore here, one of the top three nickel-copper orebodies
in the entire world, right here. We haven’t really scratched
the surface of the potential of that orebody,” Dino Otranto said.

Dino Otranto, the new man at the helm of Vale Base Metals in Canada, said he is more than pleased with the level of commitment from Vale employees. He was equally overwhelmed at the level of innovation and technology being used to keep the company successful. Just as important, he said, is the critical need to be more competitive.

Otranto, who has a blue chip mining résumé stretching back to the early 2000s, is the new chief operating officer for Vale’s North Atlantic Operations and Asian Refineries. Prior to that, he was the company’s chief technology officer based in Toronto.

As he spoke recently from his office in Sudbury, Otranto said he had no plan to shake things up when he moved into his role earlier in 2019.

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Talon plans more copper-nickel exploratory drilling near Tamarack – by Jimmy Lovrien (Duluth News Tribune – December 4, 2019)

https://www.duluthnewstribune.com/

Talon Metals has asked the Minnesota Department of Natural Resources for permission to drill more exploratory borings at its Tamarack copper-nickel mining project near the Aitkin-Carlton county line. The request comes just after the DNR approved Talon’s plans to re-explore several of its existing borings.

On Nov. 22, Talon submitted an exploration plan with the DNR detailing plans to drill exploratory borings in bedrock at four sites on active state nonferrous metal mineral leases about 1/2 mile north-northeast to about 3.5 miles north-northeast of Tamarack.

The borings would be drilled using the diamond core drill method and be temporarily or permanently capped upon completion in accordance with Minnesota Department of Health regulations. The DNR has 20 days from the Nov. 22 submission to approve or deny Talon’s plan.

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Wolf Lake part of renewed focus on mining frontier – by Jim Moodie (Sudbury Star – December 3, 2019)

https://www.thesudburystar.com/

A junior miner heralding a “new frontier” in Sudbury exploration is poised to add claims around Wolf Lake to a vast property it has already staked in the Chiniguchi-Temagami area.

“This whole area northeast of Lake Wanapitei has never really been explored,” said Stefan Spears, chairman and CEO of Inventus Mining. “Everyone assumed it was too far away or assumed that it wasn’t part of the Sudbury environment.”

The Inventus property, dubbed Sudbury 2.0, lies about 40 kilometres northeast of Sudbury within the Temagami Magnetic Anomaly, an egg-shaped zone that stretches from Lake Wanapitei to Bear Island in Lake Temagami. The anomaly is comparable in both size and magnetic stamp to the Sudbury basin, suggesting a mineral trove may also exist below the rugged surface of this untapped twin.

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Positive spotlight shone on Thompson at Winnipeg mineral convention, says councillor (Thompson Citizen – November 27, 2019)

https://www.thompsoncitizen.net/

News that Vale Manitoba Operations could possibly spend $1 billion over five years to deepen Thompson mines in anticipation of a growing demand for nickel as a component of batteries for electric vehicles made Thompson the talk of November’s mineral exploration conference in Winnipeg.

Gary Eyres, head of Manitoba Operations, told attendees at the Central Canada Mineral Exploration Convention about the proposed investment, first revealed to members of the Thompson Chamber of Commerce at their Nov. 13 lunch meeting.

“Once we get approved – and I really am confident we will get this approval – we are looking at nearly $8 billion in economic benefit to the region over the next 25 years,” Eyres was reported as saying in the Winnipeg Free Press. Coun. Judy Kolada, who attended the convention, told her fellow councillors at the conclusion of their Nov. 25 meeting that Thompson was in the spotlight at the convention.

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Editorial: Thompson mining’s future looking brighter, but when? (Thompson Citizen – November 27, 2019)

https://www.thompsoncitizen.net/

Although it wasn’t really that long ago that the mining industry was booming in Thompson – if you’ve lived here longer than 10 years, you experienced at least part of it – it might feel like it’s mostly been gloom and doom for a long time because, for the most part, it has.

The 2008 global recession, which was a bit delayed in arriving in Thompson, although eventually it did, was only first starting to be felt when Vale announced nine years ago this month that it had plans to shut down the smelter and refinery in Thompson for good.

At the time that it was first announced, the proposed shutdown date was 2015, though that was later pushed back three years, with operations ceasing about midway through 2018. A bit more than a year before that, Birchtree Mine was placed on care and maintenance status, resulting in the loss of more than 100 jobs.

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Nornickel to boost Taimyr mining by 75% to support the world’s shift to electric mobility – by Thomas Nilsen (Barents Observer – November 20, 2019)

https://thebarentsobserver.com/en/

10-years strategic ambition for mining on the Arctic tundra is set to 30 million tonnes per year, the Russian metal-giant said at its annual capital markets day.

Nornickel, describing itself as «the world’s best Tier-1 mining resource», says its unique commodity basket gives the company the best position to support the world’s shift to clean energy mobility.

The announcement to boost production of core metals for battery production comes as the International Energy Agency (IEA) estimates sales of electric vehicles (EV) to reach 44 million annually by 2030, up from about 2 million in 2018.

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