Nearly 400 new mines needed by 2030 for EV demand

Edited by Josephine Patterson A new study released by Canadian public policy think-tank Fraser Institute finds that 388 new mines must be built by 2030 to provide the necessary minerals to meet international government mandates for electric vehicles. “The sheer scale of mining required to meet EV mandates raises serious questions about the timelines being imposed by governments,” said Kenneth…

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Indonesia seeks critical minerals deal with U.S.

Indonesia has requested trade talks with the United States to ensure that its exports of critical minerals are covered under the U.S. Inflation Reduction Act as it seeks to become a major electric vehicle manufacturer, reported Reuters on September 15. Under guidelines of the law, a certain amount of critical minerals in EV batteries are required to be produced or…

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Piedmont Lithium, Tesla amend offtake deal

Piedmont Lithium and automaker Tesla have mutually agreed to amend a September 2020 offtake agreement for spodumene concentrate (SC6). Under the new agreement, which is binding for a three-year term and includes an option to renew, Piedmont will deliver approximately 125,000 metric tons of SC6 to Tesla beginning in the second half of 2023 through the end of 2025. According…

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Electra Battery Materials disposes of non-core assets

Toronto-based Electra Battery Materials, formerly First Cobalt, has signed a deal with Kuya Silver to get rid of its non-core assets in Canada, though the company will retain royalty interests in the properties in Canada’s Cobalt Camp. The decision is part of an agreement initially inked between the companies in 2021; that share purchase and option agreement has been amended…

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An active – and critical – new year ahead

And just like that, it’s here. The final weeks of 2022. As cliché as it sounds, it really does not seem possible. Here at North American Mining magazine, we’re wrapping up the year with this, our final issue until January/February, but we do it with our eyes and targets fully fixed on the coming year. What a great new year…

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