News

US/China trade: Industrial minerals on tariff target list

In the latest announcement from the Office of the United States Trade Representative (USTR), industrial minerals have been targeted for a 10% ad valorem duty on imports from China. This action is an escalation of the original U$34Bn action and a proposed $16Bn action announced on 20 June. In total,… Read more

electric vehicle

Electric vehicles: China plans further subsidy reductions

Chinese central government is considering a further reduction in electric vehicle (EV) subsidies for 2019 in a push to stop the reliance of domestic automakers on EV subsidies and to improve their cost-competitiveness. In future, the average purchase incentive may decrease by more than one third from 2018 levels. The… Read more

Automotive: Stringent new rules for automakers in China

Due to a substantial rise in the number of international industry players in China, the world’s largest car market is planning to implement new rules for automakers. On July 4, the National Development and Reform Commission (NDRC) issued the draft version of the “Administrative Regulation on the Investment in the… Read more

Talc: Changes ahead as Elementis set to purchase major talc producer

Elementis, the UK specialty chemicals company, has launched a takeover bid for the world’s second-largest talc producer, Mondo Minerals. Elementis plans to buy Dutch company Mondo Minerals from the US private equity company Advent International for US$600M. Mondo has four mines in Finland and plants in that country, as well… Read more

Graphite: Nouveau Monde to commission demonstration plant in July

Canadian graphite mine developer Nouveau Monde Graphite plans to begin production of flake graphite from its demonstration plant in July 2018 and to supply material to customers in North America and Europe. It is targeting 2ktpy of production over the next two years, as well as 250tpy of uncoated spherical… Read more

BYD

Lithium-ion batteries: BYD to quadruple battery production by 2020

Chinese electric vehicle (EV) and battery manufacturer BYD is building what could become the world’s largest automotive battery factory in 2019, in an effort to increase capacity and improve earnings. The new plant, located in in Xining (part of the western province of Qinghai), is scheduled to be at full… Read more

Tungsten: Masan’s Nui Phao subsidiary eyes US$350M revenues in 2018

The chairman of Vietnam’s leading consumer goods group Masan Group Corp., Nguyen Dang Quang, has said its subsidiary Nui Phao Mining Company may earn VND 8,000Bn (US$350M) revenues in 2018. Speaking at the Investment Promotion Conference in Thai Nguyen province in July, Nguyen Dang Quang noted the company had become… Read more

Nickel: Finland reorganises State mining industry

The Finnish government has reorganised the State’s mining industry, to advance the country’s battery and mining cluster. As a result, The Finnish Industry Investment’s (Tesi) mining cluster investment programme (consisting of Ferrovan and Sotkamo Silver) will become the responsibility of nickel mining company Terrafame, which will change its name to… Read more

Graphite: Black Rock Mining tests samples with customers

Australian company Black Rock Mining has received positive feedback regarding samples of its flake graphite. The company is developing the Mahenge project in Ulanga, Tanzania and has produced 90t from pilot plant testing, carried out in Canada. It has send 22 samples to potential customers, including samples of a new… Read more