Industry Updates

Elon Musk Inspires World’s Top Miner to Target Electric Vehicle Boom

(9 August 2017) “As we delved in to understand more about the lithium-ion battery market, it became clear that demand from EVs was accelerating,” said Eduard Haegel, asset president of BHP’s Nickel West unit. “As people become more aware of the limitations of supply, then those up and down the supply chain want to make […]

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Vale cuts FY Nickel production forecast

(26 July 2017) Vale’s nickel production declined in the second quarter of the year, by 7.7% compared to the previous quarter and by 16.1% from the second quarter of 2016. At the same time, production at other operations such as its Thompson complex in Canada, in New Caledonia and in Indonesia undershot expectations and as […]

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More long-term potential from batteries

(19 July 2017) France announced that it would ban sales of all petrol and diesel cars by 2040. Dutch bank ING stated it expected electric vehicles to have a lower cost of ownership than petrol or diesel models by 2024, leading it to predict vehicles in Europe to be fully battery electric by 2035. Under […]

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Cimatu Expedites ECC Issuance, Delegates Issuing Authority to EMB Execs

(06 July 2017) Environment Secretary Roy A. Cimatu has moved to fast-track the issuance of environmental compliance certificates (ECCs) by giving the authority to issue such permits back to the director and regional directors of the Environmental Management Bureau (EMB), a line bureau of the Department of Environment and Natural Resources (DENR). Read More>>

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EV acceleration bodes well for metals demand

(22 May 2017) UBS has lifted its global 2025 EV sales forecast by around 60% to around 15 million vehicles, or 14% of global car sales. It’s not just lithium that will benefit from growing EV sales, as Glencore CEO Ivan Glasenberg noted last week. If EV rates reach 52 million by 2025, metal demand […]

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Vale cuts FY Nickel production forecast

(20 April 2017) TMuch neglected in recent news stories has been a critical analysis of demand. With over two-thirds of nickel used in stainless steel, this sector typically receives most attention. A new use of nickel, however, is in the cathode materials of lithium-ion batteries. While such batteries, as of 2016, are predominantly used in […]

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STOCK QUOTES PSE: FNI (As of Aug 21, 2017) OPEN: 0.00 HIGH: 0.00 LOW: 0.00 CLOSE: 0.00 CHANGE: 0.00 (0.00%) VOLUME: 0