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Battery MaterialsCobaltNicket

Cobalt, nickel battery use rises as electric sports cars gain popularity

Despite a big drop from December’s blowout, largely due to seasonal factors, the February 2021 MINING.COM EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world, still ranks as the fourth best month on record. Just shy of $300 million worth of lithium, cobalt, nickel and graphite hit roads in February, up 170% from the same month last year as the impact of the coronavirus only just started to ripple beyond China. For the first two months, the year on...
DealsNew CaledoniaNicket

Brazil’s Vale sells New Caledonia assets to Trafigura

RIO DE JANEIRO, March 31 (Reuters) - Brazilian miner Vale SA has concluded the sale of its nickel mining assets on the Pacific island of New Caledonia to a consortium including global commodity trader Trafigura, the company said in a Wednesday securities filing. The exact terms were not disclosed, but Vale said that $1.1 billion will be invested in the New Caledonia assets, with $555 million coming from its subsidiary Vale Canada Ltd. Vale will have a supply contract to off-take part of the nickel produced, the company said. (Reporting...