Shopping Cart

Australian Mines keeps the faith, advances fresh round of Sconi nickel-cobalt offtake discussions

Stockhead - Australian Mines (ASX:AUZ) fell off the map when a comprehensive nickel-cobalt supply deal with South Korean battery maker SK Innovation was terminated late last year.

Offtake was — and still is — crucial to finalising a very large, very complex financing package for the +$1 billion Sconi nickel-cobalt development in Queensland.

For Australian Mines, locking in finance is a process made extra difficult by a prolonged downturn in prices for battery raw materials.

But with a supply crunch widely expected within the next five years, Australian Mines has evidently kept the faith.

The company will kick off a series of production runs at its demonstration plant in Perth to supply battery grade nickel and cobalt to a fresh bunch of potential off-take partners.

The production runs are to expedite discussions with these companies; discussions that are currently “preliminary, incomplete and confidential”, Australian Mines says.

The plant will also produce high purity scandium oxide for a potential research and development partner, also unnamed, “seeking to expand the industrial applications of scandium”.

Australian Mines managing director Ben Bell says this early stage interest in Sconi offtake is “encouraging”.

“Sconi is expected to be a low-cost, ethical source of high-grade technology metals at a time of huge demand for these commodities driven by the rapid growth in the electric vehicle and energy storage industries,” he says.

Continue reading...

Mining, Minerals & Metals begins first day of d...
Older post
Romanian aluminum plant risks closure unless he...
Newer post
T-SHIRTS & BLOUSES
Sweatshirts
BLACKERY PRESENT NEW COLLECTION 2019

This is Photoshop's version of Lorem Ipsum. Proin gravida nibh vel velit auctor aliquet. Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum.


Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctora ornare odio. Sed non mauris vitae erat consequat auctor eu in elit. Class aptent taciti sociosqu ad litora torquent per conubia nostra. , per inceptos himenaeos. Mauris in erat justo. Nullam ac urna eu felis dapibus

This is a cookie agreement request — you can customize it or disable on the backoffice. Cookies help us to provide you the best experience using our website.

Client service

OUR CONTACTS:

We're available by phone (877) 350-0771 every day from 9 am. - 9 p.m. ET.

HOURS: Monday - Friday 8AM - 5PM
Saturday - Sunday Online
Holidays Online

(877) 350-0771

support@metals.com

1420 Kettner Blvd #100 San Diego, CA 92101

PAYMENTS:

Credit Card: Visa, MasterCard, Maestro, American Express

Back To Top
Do you like any template? Apply its settings to your store — just select the template you like and press the «Apply» button of the desirable one. Templates can be switched at any time.
Applying a new template overrides the settings. Press «Copy» and paste it into any text file to save your current settings.

Export

Import

Import