Nickel

Anglo American’s Barro Alto, Minas-Rio operations in Brazil audited against the IRMA Standard for Responsible Mining

Retrieved on: 
Wednesday, February 7, 2024

SEATTLE, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Today the Initiative for Responsible Mining (IRMA) released the results of independent audits of Anglo American’s Barro Alto nickel and Minas-Rio iron ore operations against the IRMA Standard for Responsible Mining.

Key Points: 
  • SEATTLE, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Today the Initiative for Responsible Mining (IRMA) released the results of independent audits of Anglo American’s Barro Alto nickel and Minas-Rio iron ore operations against the IRMA Standard for Responsible Mining.
  • The mines achieved IRMA 75 when two independent audit firms measured their performance on concrete social and environmental impact criteria.
  • Barro Alto and Minas-Rio join 17 other industrial-scale mines worldwide that are independently assessing against the IRMA Standard .
  • The full audit reports are available in the Barro Alto and Minas-Rio audit pages at on the IRMA website .

Nion Nickel Appoints Chief Operating Officer at Dumont Nickel Project

Retrieved on: 
Tuesday, February 6, 2024

TORONTO, Feb. 6, 2024 /CNW/ - Nion Nickel Inc. ("Nion"), a company managed by Kinterra Capital ("Kinterra"), a Toronto-based private equity firm, today announced that it has appointed François Vézina as Chief Operating Officer of Nion's Dumont Nickel Project ("Dumont"), effective March 4.

Key Points: 
  • TORONTO, Feb. 6, 2024 /CNW/ - Nion Nickel Inc. ("Nion"), a company managed by Kinterra Capital ("Kinterra"), a Toronto-based private equity firm, today announced that it has appointed François Vézina as Chief Operating Officer of Nion's Dumont Nickel Project ("Dumont"), effective March 4.
  • Dumont is located in the mining-supportive Province of Quebec, Canada, and is one of the largest undeveloped fully-permitted nickel sulphide deposits in the world.
  • "I am thrilled to welcome François to the Nion team," said Johnna Muinonen, President, Dumont Nickel.
  • "I am very pleased to be joining the Nion team to advance the Dumont project," said Vézina.

EQS-News: Aurubis achieves strong Q1 2023/24 result

Retrieved on: 
Tuesday, February 6, 2024

Lower energy costs for electricity and gas positively impacted the result in contrast to Q1 of the previous year.

Key Points: 
  • Lower energy costs for electricity and gas positively impacted the result in contrast to Q1 of the previous year.
  • A lower metal result due chiefly to falling metal prices for nickel, palladium and copper had a counteracting effect.
  • “Our € 111 million quarterly result shows that Aurubis continues to deliver strong results, even in challenging times.
  • * Because the IFRS result includes measurement effects of metal price fluctuations from unrealized transactions and other factors, Aurubis discloses an operating result (EBT) that differs from the IFRS result.

EV Battery Recycling Industry Report 2023: High Costs of Recycling EV Batteries Expected to Remain a Major Challenge - Global Forecasts to 2030

Retrieved on: 
Tuesday, February 6, 2024

However, the high costs of recycling EV batteries are a major challenge for the players operating in this market.

Key Points: 
  • However, the high costs of recycling EV batteries are a major challenge for the players operating in this market.
  • Furthermore, increasing investments in battery recycling infrastructure in emerging economies is a key trend in the EV battery recycling market.
  • Based on battery type, the global EV battery recycling market is broadly segmented into Lithium-ion batteries (Li-ion), sealed lead acid batteries (SLA), nickel-metal hydride batteries (Ni-MH), ultracapacitors, and other batteries.
  • In 2023, the lithium-ion batteries segment is expected to account for the largest share of 75.0% of the global EV battery recycling market.

Haynes International, Inc. Reports First Quarter Fiscal 2024 Financial Results

Retrieved on: 
Monday, February 5, 2024

Gross profit in the first quarter of fiscal 2024 was higher than the first quarter of fiscal 2023 driven by higher volumes sold.

Key Points: 
  • Gross profit in the first quarter of fiscal 2024 was higher than the first quarter of fiscal 2023 driven by higher volumes sold.
  • The increase in expense in the first quarter of fiscal 2024 as compared to the first quarter of fiscal 2023 was largely driven by $0.5 million of foreign exchange losses incurred during the quarter.
  • The above factors resulted in operating income in the first quarter of fiscal 2024 of $11.1 million, approximately the same as the first quarter of fiscal 2023.
  • Volume shipped in the first quarter of fiscal 2024 was 4.7 million pounds, which was 3.9% higher year-over-year than the first quarter of fiscal 2023, but was 2.8% lower sequentially than the fourth quarter of fiscal 2023.

Electra Provides Update on Black Mass Recycling

Retrieved on: 
Monday, February 5, 2024

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company) today provided an update on its battery materials recycling trial taking place at the Ontario refinery complex.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company) today provided an update on its battery materials recycling trial taking place at the Ontario refinery complex.
  • Electra launched a black mass trial late in 2022 at its Ontario refinery complex to recover critical minerals from black mass in shredded lithium-ion batteries and successfully operated this demonstration process throughout 2023 on a semi-continuous basis to maximize product recoveries.
  • Additional Black Mass Program Highlights:
    Electra has processed 40 tonnes of black mass material in a plant scale setting, believed to be the first of its kind in North America.
  • Black mass contains high-value elements, including lithium, nickel, cobalt, manganese, copper, and graphite, that once recovered, can be recycled to produce new lithium-ion batteries.

TANAKA Establishes New Method of Recovering Precious Metals Adhering to Vacuum Film Formation Equipment Components

Retrieved on: 
Wednesday, January 31, 2024

(Head office: Chiyoda-ku, Tokyo; Group CEO: Koichiro Tanaka), which develops industrial precious metals products as one of the core companies of TANAKA Precious Metals, announced that it has established a jig cleaning method called TANAKA Green Shield.

Key Points: 
  • (Head office: Chiyoda-ku, Tokyo; Group CEO: Koichiro Tanaka), which develops industrial precious metals products as one of the core companies of TANAKA Precious Metals, announced that it has established a jig cleaning method called TANAKA Green Shield.
  • After detaching sputtered films adhering to components, mainly made from stainless steel, of vacuum film formation equipment such as sputtering and vacuum deposition equipment, the recovered precious metals are refined and returned to the customer with the precision-cleaned components.
  • There are multiple jig cleaning methods for vacuum film formation equipment components, including physical detachment (blast cleaning) and thermal sprayed aluminum base film formation.
  • [2] Vacuum film formation equipment: Equipment used in thin film formation processes, including sputtering and deposition, employed in the manufacture of semiconductors
    [3] PGM: Platinum group metals comprising six precious metals (platinum, palladium, rhodium, ruthenium, iridium, and osmium)

Coherent Selected for Funding by the Department of Energy for Its Li-S Battery Technology for Next-Generation Electric Vehicles

Retrieved on: 
Wednesday, January 31, 2024

PITTSBURGH, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in engineered materials, has been selected for multimillion-dollar funding under the Department of Energy (DOE) Fiscal Year 2023 Vehicle Technologies Office (VTO) Program Wide Funding Opportunity Announcement (FOA-0002893).

Key Points: 
  • PITTSBURGH, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in engineered materials, has been selected for multimillion-dollar funding under the Department of Energy (DOE) Fiscal Year 2023 Vehicle Technologies Office (VTO) Program Wide Funding Opportunity Announcement (FOA-0002893).
  • This funding will accelerate the development of Coherent’s patented chemical immobilization technology for lithium sulfur (Li-S) battery cells to meet next-generation electric vehicle (EV) requirements.
  • Coherent will build demonstration cells that target energy densities exceeding today’s best-in-class EV batteries while retaining more than 80% of their original capacity after 1,000 recharging cycles.
  • As such, sulfur cathodes have the potential to both secure supply chains and support the strong and growing EV market.

Alaska Energy Metals Provides Corporate Update

Retrieved on: 
Tuesday, January 30, 2024

VANCOUVER, British Columbia, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to provide a corporate update that highlights the accomplishments made since inception in April 2023 and looks ahead to 2024 plans.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to provide a corporate update that highlights the accomplishments made since inception in April 2023 and looks ahead to 2024 plans.
  • Alaska Energy Metals Corporation President & CEO Gregory Beischer commented: “I am very proud of what we have accomplished in just 10 months.
  • Last year, we also purchased a company that owns a Quebec nickel project, which came with $2.8 million in cash.
  • After deportment studies are complete, the samples will be subjected to bench-scale flotation testing to determine recovery rates for the metals.

EAM Completes Acquisition of LFP Cathode Technology Center in Germany, Plans for Commercial Scale Production for Global Supply Chain

Retrieved on: 
Friday, February 2, 2024

With the purchase, EAM is poised to make India the first country in Asia outside of China to manufacture LFP cathode materials.

Key Points: 
  • With the purchase, EAM is poised to make India the first country in Asia outside of China to manufacture LFP cathode materials.
  • Approximately 70% of cathode materials, and 100% of LFP cathode, for lithium-ion batteries are currently produced in China.
  • “This acquisition reaffirms our commitment to delivering cutting-edge solutions to the evolving EV battery market,” said Vikram Handa, managing director of EAM.
  • The center is equipped to produce LFP and lithium manganese iron phosphate (LMFP) cathode in small laboratory-scale batches to up pilot-scale material.