News

Chromium

Chrome: Traxys suspends ferrochrome production at Richards Bay

Roskill view: Richards Bay Alloys has suspended ferrochrome operations in South Africa for three months owing to low ferrochrome prices, its parent company, Traxys, confirmed. Luxembourg-based Traxys bought the operation from Tata Steel KZN plant in 2016. Tata KZN went into business rescue proceedings in mid-2015. The Richard’s Bay smelter… Read more

Cobalt

Nickel/Cobalt: IGO’s Australian mine is ramping up

Roskill view: The Nova nickel-copper-cobalt mine, owned by Independence Group (IGO), officially opened on September 8th in Western Australia. IGO became the sole owner of the Nova mine following its September 2015 purchase of Sirius Resources. The underground mine achieved commercial production in July 2017, a year ahead of expectations.… Read more

Graphite: BTR backs Syrah with binding sales agreement

Roskill view: The world’s largest manufacturer of battery anode materials for lithium-ion batteries has signed a binding sales agreement with graphite newcomer, Syrah Resources, for 30kt of graphite. The material will be sourced from the company’s Balama project in Mozambique, all in the first year of production. The Balama project… Read more

Nickel: SLN unveils new cost-cutting measures

Roskill view: SLN’s management has confirmed its aim of cutting its cash cost to $4.5/lb nickel by the end of 2017 from $6/lb at the end of 2015. However, the company’s management added that around 60% of global production had an average cash cost of $4/lb nickel. Faced with this,… Read more

Cobalt-Nickel-Scandium: Australian Mines acquires Sconi project

Roskill view: Australian Mines has acquired the Sconi cobalt-nickel-scandium project in Queensland, Australia, following a A$10M (US$8.1M) cash and share deal with Metallica Minerals. The acquisition supersedes a joint-venture agreement with Metallica Minerals signed in 2016. The combined nickel and cobalt mineral resource is 89Mt at 0.58% nickel and 0.06%… Read more

Nickel: SK Innovation starts production of higher nickel-content batteries.

Roskill view: South Korea’s SK Innovation has started production of Nickel-Manganese Cobalt batteries with an 80% nickel content, according to press reports. Previous NMC-type batteries had typically contained 60% nickel in the cathode material, with cobalt and manganese accounting for 20% of the cathode material each.   The increase in… Read more