#Nickel’s rally is expected to be sustained by robust demand from #China’s stainless steel mills, a significant factor behind recent price gains which many think are mainly due to worries about supplies from the Philippines.
Demand has been growing due to #Chinese infrastructure investment and higher living standards mean stronger consumer demand for domestic goods made out of stainless steel.
#Lithium prices almost tripled in the year to June and producers are seeking to expand amid booming demand driven by rising sales of #ElectricVehicles, which require the metal for rechargeable batteries. The lithium frenzy may end in tears as future supply will expand, outpacing demand, with mine capacity expected to climb by about 70 percent in the decade to 2025, Sanford C. Bernstein Ltd. said in a report this month.
Read more at: http://www.bloomberg.com/news/articles/2016-10-12/lithium-can-avoid-crash-by-disciplined-growth-china-giant-says
The company – #BASF – which was firstly known for its magnetic audio tapes, cassettes and pigments – currently operates four production sites, including one in Cengkareng, West Jakarta, which is its first and biggest fully owned polymer dispersion plant in the Asia-Pacific region.
Read more at: http://jakartaglobe.beritasatu.com/business/basf-still-sees-promise-40-year-presence-indonesia/
A plan by #Indonesia to allow shipments of raw mineral ores would inflate local smelting costs and threaten the existence of small producers, according to the head of a #Chinese-Indonesian venture, who called the move unwise and said it contradicted promises by the nation’s president.
Read more at: http://www.bloomberg.com/news/articles/2016-10-10/chinese-smelter-assails-indonesia-over-u-turn-on-ore-exports
A new report #BMI Research says the #Chinese government will continue to ramp up #RareEarthMetal exports in a bid to regain control of rare earth pricing policy. The country produces more than 85% of the global supply of the 17 elements.
Read more at: http://www.mining.com/us-remains-almost-entirely-dependent-china-rare-earths/
#French, #Dutch and #British scientists created ‘the world’s smallest machines’.
Read more at: https://www.ft.com/content/ac7ac9aa-8add-11e6-8aa5-f79f5696c731
Most #ElectricCar batteries use #Lithium #Nickel #Manganese #Cobalt oxide (NMC) cathodes and #Graphite anodes. “#RareEarth” metals #Dysprosium, #Neodymium and #Terbium, chiefly mined in #China by companies including #Xiamen #Tungsten and China #Minmetals Rare Earth Co, are used in some electronic components of the motor.
Read more at: http://www.reuters.com/article/us-electric-car-commodities-insight-idUSKCN1250HK?il=0
#Russian state nuclear power plant giant #Rosatom sent lobbyists to meet with the #Chilean government and discuss “collaboration in possible #Lithium projects,” a government website revealed at the weekend.
Read more at: http://www.reuters.com/article/us-rosatom-chile-idUSKCN1220LO
The company best known for building electric cars, has now started powering a #NewBrunswick home.
#Tesla has installed its first #Powerwall in Stephen McNeil’s home #Fredericton Junction.
Read more at: http://www.cbc.ca/news/canada/new-brunswick/tesla-battery-nb-pilot-project-1.3783619
The #Philippines has ordered the suspension of 20 more mines for environmental violations, as the world’s top supplier of #Nickel ore vowed to pursue stricter standards than in global mining centers such as #Canada and #Australia.
Read more at: http://www.reuters.com/article/us-philippines-mining-idUSKCN11X0DP
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