Western Australian graphite explorer Triton Minerals has secured a binding sales agreement for product from its Ancuabe operation in Mozambique, formalising arrangements with a prominent Chinese processor and distributor.
Pilbara Minerals aims to ship the first cargo of spodumene concentrate from its Pilgangoora lithium-tantalum development in Western Australia's Pilbara region to its offtake partners in China in August.
BHP is expanding its business as a supplier of battery minerals at its nickel refinery in Western Australia, planning to start producing nickel sulphate next year and looking at cobalt output as well, a company executive said.
Global automobile manufacturers are racing to gain access to battery-making materials, with competition hot to secure offtake from lithium miners and processors as the electric vehicle revolution spreads from China to the rest of the world.
International mining company China Hanking has moved closer to restocking its portfolio with Australian gold assets, with its takeover bid for Primary Gold now unconditional after it acquired more than 55 per cent of the Western Australia-based exploration firm’s shares.
Leading China-focused commodities exporter Mineral Resources will acquire Western Australian iron ore miner Atlas Iron, with the $280 million deal to provide cost synergies by an amalgamation of Pilbara assets.
Fortescue Metals Group has cut its price guidance for iron ore sales for the year to end-June 2018, citing subdued construction activity in China, some ongoing steel production restrictions and global trade worries.
Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up.