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Global demand for nickel could grow fourfold over the next few decades, according to the BHP Group, as noted by Bloomberg. In fact, “The world’s biggest miner predicts nine in 10 cars sold by 2040 will be EVs, helping to boost worldwide usage of key battery materials including nicke...
2023-03-29 08:37:16 ET Summary Cobalt spot prices were lower for the month, LME inventory was lower for the month. Cobalt market news - EU Commission wants 10% of critical raw materials mined in Europe by 2030. Fastmarkets forecast cobalt surplus of 4,000t in 2023, increasing to 1...
2023-03-24 02:33:47 ET PolyMet Mining press release ( NYSE: PLM ): FY GAAP EPS of -$0.34. Cash used in investing activities for the year ended December 31, 2022, was $8.0 million compared with $6.9 million for the prior year. For further details see: PolyMet Mini...
St. Paul, Minnesota--(Newsfile Corp. - March 13, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company") has commenced its previously announced offering of rights ("Rights") to purchase common shares of the company ("Common Shares") to raise US$195,400,000 in gro...
Summary PLM's 50% stake in the NorthMet and Mesaba projects in Minnesota could provide for suitable long-term growth if it can successfully overcome two challenges. The NorthMet project has major federal and state permits though some of those permits are challenged under litigation, and...
St. Paul, Minnesota--(Newsfile Corp. - February 27, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company") today announced that it has filed a rights offering circular (the "Circular") and rights offering notice (the "Notice") with respect to PolyMet's previousl...
Summary Cobalt spot prices were down significantly for the month, and LME inventory was down for the month. A shift towards LFP batteries has not helped cobalt demand in China. Cobalt market news - BMI: Cobalt rout continues into 2023 due to limited demand from consumer electronics, a s...
Hoyt Lakes, Minnesota--(Newsfile Corp. - February 15, 2023) - The previously announced joint venture between PolyMet Mining Corp. ("PolyMet") and Teck Resources Limited ("Teck") closed today, establishing NewRange Copper Nickel LLC ("NewRange Copper Nickel") and giving Minnesota a leading opportu...
Summary Cobalt spot prices were lower for the month, LME inventory was lower for the month. Cobalt market news - BMI anticipates that cobalt prices will fall in early 2023 given surplus forecasts. Project Blue forecasts cobalt prices should strengthen as the year goes on. Cobalt min...
Report reaffirms economic and technical viability of NorthMet Project St. Paul, Minnesota--(Newsfile Corp. - December 30, 2022) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "company") - today announced the filing of an updated technical report (the "Study" or this "re...
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St. Paul, Minnesota--(Newsfile Corp. - November 7, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) (" PolyMet " or the " Company ") announces that it has completed the transactions contemplated by the previously announced statutory plan of arrangement under Part 9, Division 5 of the ...
St. Paul, Minnesota--(Newsfile Corp. - November 3, 2023) - PolyMet Mining Corp. (" PolyMet " or the " Company ") (TSX: POM) (NYSE American: PLM) announces that the Supreme Court of British Columbia has granted the final order in connection with the previously announced statutory plan of arr...
St. Paul, Minnesota--(Newsfile Corp. - November 1, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) (" PolyMet " or the " Company ") announces that shareholders of PolyMet approved the previously announced plan of arrangement (the " Arrangement ") with Glencore AG (" Glencore ") at a ...