Cobalt cannot be eradicated from electric car batteries – Umicore

Feb 13, 2018

* Battery technology evolving towards higher nickel use * Cobalt still a necessary part of EV battery mix * Recycled supply eventually needed in cobalt market By Jan Harvey LONDON, Feb 12 (Reuters) – Makers of electric vehicle batteries will have to keep using scarce, expensive cobalt in their products for the foreseeable future despite a push towards higher nickel compositions, materials technology company Umicore said on Monday. Manufacturers have been trying to increase the proportion...

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Soaring cobalt prices force Samsung SDI to mine metal from old phones

Feb 13, 2018

Samsung SDI, South Korea’s leading battery maker, has unveiled plans to recycle cobalt from used mobile phones and develop lithium-ion batteries with minimum content of the metal, or no cobalt at all, as a way to offset soaring prices for the silver-grey commodity. Carmakers are scrambling to secure supply of cobalt, a key ingredient in lithium-ion batteries that power electric vehicles, which prices jumped almost 130% last year. The company, an affiliate of Samsung Electronics, has already...

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Spearmint Contracts Experienced Drillers for Nevada Lithium Drilling

Feb 13, 2018

Spearmint Resources Inc. (“SRJ” or the “Company”) (SRJ—TSX.V) (SPMTF—OTCBB) (A2AHL5–FSE) is pleased to announce that it has engaged Harris Exploration Drilling and Associates Inc “Harris” to drill the Clayton Valley Lithium Prospect.  Harris Drilling has had extensive experience drilling in the Clayton Valley lithium clays and brines. James Nelson, President States, “We are very pleased to have one of the top drillers in Clayton Valley on our team.  Harris has drilled...

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