Cobalt prices have plummeted to their lowest level since 2016, as record-high production continues to weigh on the battery material’s value. China’s CMOC Group, the world’s largest cobalt miner, set a new production record last year and plans to maintain similar output levels through 2025, driven by ramped-up operations at two African mines. The company recently […]
Battery Metals
Idaho Power proposes battery storage project in SE Boise
A new energy storage project could be coming to Boise’s Southeast. Idaho Power applied for a conditional use permit for a 10-acre battery storage area at its substation located at 2001 E. Amity Rd. The City of Boise’s Planning and Zoning Commission will consider the application at its February 3 meeting at 6 p.m. The […]
Electric vehicles now match traditional cars for longevity, study finds
Battery-powered electric vehicles are now more reliable and can match the lifespans of traditional cars and vans with petrol and diesel engines—marking a pivotal moment in the drive towards sustainable transportation, a study reveals. Researchers used nearly 300 million UK Ministry of Transport (MOT) test records charting the “health” of every vehicle on the United […]
Gold price flirts with record high on Trump’s China remarks
Gold rose close to a record high after US President Donald Trump signaled a less aggressive approach to China, weakening the dollar. Bullion traded near $2,780 an ounce, the highest since it touched an all-time high in October. Trump said he’d “rather not have to use” levies against China during an interview that aired on […]
Trump’s tariffs could redirect metal flows, Alcoa CEO says
Alcoa will likely send its Australian output to the US if the United States imposes tariff on Canadian imports, the aluminum producer’s CEO William Oplinger said on Thursday. US President Donald Trump has threatened tariffs on numerous countries including close allies such as Canada and Mexico, and Oplinger’s comments show how shipping flows could be […]
Gold price nears 3-month high on Trump tariff uncertainties
Gold soared to its highest intraday level in nearly three months on Wednesday, as the lack of clarity around US President Donald Trump’s policy plans sparked fears of market volatility, boosting the appeal of safe havens. By 11:05 a.m. ET, spot gold had risen 0.6% to $2,759.51 an ounce, about $30 shy of the record […]
