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By A. Pawelczyk, D. Hreniak, E. Zych, W. Strek, K. Grabas, A. Ostrowski

"Nowadays recycling became an important rare earth elements (REE) source, which allows to reduce their demand for extraction from natural deposits. At present, the used fluorescent lamps and old type TV or computer monitors kinescopes are selectively collected and undergo processing in the system of recycling. It has been estimated, that utilization of such waste would be sufficient to cover the REE demand for the next 5-8 years. In the developed process, the luminophores were separated from the electronic and electronic waste materials, and processed by hydrometallurgical methods to obtain concentrated REE in form of oxides. INTRODUCTIONInternational Union of Pure and Applied Chemistry (IUPAC) defines the rare earths as a set of seventeen chemical elements, specifically the fifteen lanthanides plus scandium and yttrium. They are considered the most important indicators of the developed technologies and techniques. Rare earths are used, amongst others, for the production of magnetic and superconducting materials, ceramics, lighting, catalytic converters, advanced electronics and alloys. The demand for RE continually increases, similarly to many other primary raw materials. Globalization, the growing demand for limited resources of raw materials, the policy of the countries controlling the raw material market and the economic crisis became a spur for new programs of socio-economic development of the European Union (EU), with particular regard to EU safety for commodities in intermediary as well as long-term horizons (COM 2008), COM 2011).EU countries import most of metallic and chemical raw materials important for their economy. In 2008 a detailed program named Raw Material Initiative was announced. The increase in demand for most raw materials having special importance for the development of technology, and access to of raw materials security of supply affect the future economies of the UE member states and other developed countries."

Jan 1, 2012

By A. O. Dufresne

Introductory At the Annual Meeting of the Institute, held two years ago, I had the privilege of presenting a paper on Recent Mineral Discoveries in Western Quebec. In it were pointed out the areas favourable for prospecting in that section of Quebec adjoining the mining camps of northern Ontario; the discoveries that ?had been made were recorded; and some of the developments up to that date were reviewed. Since then, two full years have elapsed, during which a considerable amount of serious work has been performed with such results that western Quebec has today six properties about ready to mine commercial ores of gold, copper, and zinc. These results have been brought about after large sums of money had been invested to bring the district to a producing stage. A smelter has been built, and is already producing copper; two railways have extended their lines into Rouyn; and the Provincial Government has shown faith in the future of the district and has spent large sums of money in the building of highways and for other public works. The purpose of the present paper is to review the developments of the last two years, and the work that has been performed in various spheres of activity in that section on western Quebec covering the county of Abitibi and the northern part of the county of Temiscamingue.

Jan 1, 1928

By D. C. Downing

"I THANK YOU for the invitation which The Mining Society of Nova Scotia extended, originally to Gordon Berry, manager 'of our Point Tupper Refinery, to join you at this meeting and discuss refining and petrochemicals in their relation to this region. There are natural advantages in Nova Scotia which have made possible, and will continue to make possible, sizeable developments both in petroleum refining and in chemicals. Equally, however, as is the case everywhere, there are certain constraints. For clarity in this presentation, I will state some of these constraints right at the beginning. First, of any future developments from now on, only a small proportion of the products can be expected to go into local markets. I can make the point best with a few figures. Petroleum companies all have market forecasts. None ever work out to be perfect, but the trends are relatively predictable and the orders of magnitude are certainly correct. Estimates for the use of all refined petroleum products in the four Atlantic provinces are:"

Jan 1, 1973

By Michael J. Lawrence

"The VALMIN Code was developed and formally adopted by The Australasian Institute of Mining and Metallurgy (AusIMM) in 1995 and a revision was issued in 1998. The VALMIN Code applies to all relevant reports under the Australian Corporations Law, including submissions to the Australian Stock Exchange (ASX) and the Australian Securities and Investments Commission (ASIC).The VALMIN Code and Guidelines sets standards for the preparation and commissioning of independent assessment and/or valuation reports on mineral and petroleum assets or mineral and petroleum securities.It is mandatory for AusllvI:M's members to follow this Code in these relevant circumstances and failure to do so will result in serious sanction of the member by the Ausllvllvfs Ethics Committee. Public support for the use of this Code has been given by regulators (ASX/ASIC) and market participants ( eg major accountancy firms). It is also endorsed as a guide to general best practice in project assessment and valuation.This paper will discuss how the VALMIN Code has worked in practice over the past few years. It will also examine areas where the Code could be improved and how it could form the basis of a new Canadian Code for mineral property valuation."

Jan 1, 2003

By Allan A. Este, Bruce Arthur

"Rio Algom's Stanleigh Mine and Mill Operation Was' officially started up in August 1983. In September 1982, Rio Algom contracted Estonix International Inc. from Lively, Ontario, to develop and implement two innovative programs: (1) Work Renovation Planning, and (2) Systems Performance Training. This paper deals with the development and implementation of these two concepts relative to the plants technology from start-up to present and the exceptional results achieved. This paper discusses how a small but motivated workforce resulted in the smooth transition from startup to full production. It also deals with how these concepts were applied elsewhere in the organization which permitted a successful transition and downsizing of the over-all operation.IntroductionRio Algom Limited produces uranium in Elliot Lake, Ontario. In the late 1970s Rio Algom entered a contract with Ontario Hydro to supply uranium from its Stanleigh property, which had been idle since 1960. The mine was subsequently upgraded, and a new modem mill was designed and built, commencing operation in 1983.From then until September 1990,Rio Algom had three producing mines and mills in the Elliot Lake area. Quirke mill, with a capacity of 6350 tonnes per day, operated continuously from 1968. The Panel mill with a 3000 tonnes per day capacity, operated since 1979. Stanleigh mill continues to operate under long-term contracts, although at a production rate about 25070 lower than its rated capacity of 5000 tonnes per day.Both the Quirke and Panel mills, although not entirely similar, were conventional uranium mills utilizing crushing, grinding, leaching and ion exchange. As such, and in keeping with the traditional management style, there was a rather large mill operating workforce, which utilized a line-of-progression job classification system."

Jan 1, 1993

By B. Arlyuk

The complex system has been developed for long-term assessment of world prices and sale volume of primary aluminium when using the analytical model of the market and market supply forecasts as well as economy development in the Western countries characterized by the industrial production indices as correct data of Western World aluminium consumption are absent, The important part of this system is the model developed for forecasting the degree of capacities utilization of smelters and refineries depending on the price level, The model contains a statistic part corresponding to the capacities distribution by the production cost, and a dynamic part determining the deviation from the static depending on the price variation dynamics, The developed complex system has been identified by the actual data of the world prices of smelter grade alumina and primary aluminium, conservation and reactivation of refineries and smelters in the Western countries within the period from 1992 to 2003. The system was used for primary aluminium and alumina price forecasts till 2020.

Jan 1, 2004

By J. B. Mawdsley

A LITILE north of the geographic centre of the Province of Saskatchewan, 150 miles north of the city of Prince Albert, is a narrow green-stone and sedimentary belt of pronounced structural characteristics. This belt, generally known as the Sulphide Lake belt, is about two and a half miles wide. During the past three years prospecting has uncovered numerous gold-bearing showings occurring chiefly along the centre of the belt for a distance of at least nine miles. The number of these showings, the nature of some of them, and their relationship to strong structural features, make it altogether likely that intensive work will eventually locate ore-bodies that will be of economic importance. The discovery of gold in the fall of 1938 on the south shore of Mackay lake, about five miles northwest of the Sulphide Lake gold-bearing belt, indicates that there are neighbouring zones of interest. This paper, an attempt to outline the present status of the interesting mineralized belt, is based largely on the information gained on a five-day tour of this district, made in August, 1939, on behalf of the Department of Natural Resources of the Province of Saskatchewan. The Sulphide Lake belt is named after a small lake centrally located in it. This lake and others are just north and within short portage distances of some of the long bays along the north shore of Lac La-Ronge, an irregular, island-studded lake, about twenty miles in diameter, in relatively rocky Precambrian country, just north of the Palaeozoic contact. The fur-trading post and settlement of Lac La-Ronge is on the west shore of this lake and a road, now under construction, will shortly link this community with the city of Prince Albert. In the past, the most direct route was an indifferent canoe route, in part following Montreal lake and river; more recently, the aeroplane has made this section easily accessible.

Jan 1, 1940

By M. Rizwan

Mine workings are progressing to greater depths as shallow mineral resources are being depleted, and civil engineering projects are nowadays being developed at substantial depths. The threat to tunnel stability posed by rockburst events has increased as a result of these high stress environments. Rockbursts are violent events capable of mobilizing large volumes of rock. In addition to the threat to safety and equipment, rockburst damage can significantly impact on operations, and cause loss of mining production, often the largest cost component of such events. Rehabilitation of such damage requires significant effort and resources. Tunnel walls and roof are usually well supported, but the installation of rock support in the floor is uncommon, particularly in mining environments. In the absence of rock support, floors of the excavations are vulnerable to rockburst damage. New concepts for containing damage of excavation floors by dissipation of the large transient forces using simple techniques or preselected and designed elements of sacrificial floor systems are presented. Two approaches to calculate the demand are presented: estimating load demand by assuming displacement levels and a response modification factor; and using a limit displacement approach to calculate elastic stiffness of the selected elements of the sacrificial support system. The proposed conceptual support systems have the capability of dissipating rockburst energy while retaining sufficient serviceability. It is considered that the concepts presented, for discussion, in this paper are logical and developable into practicable and economic solutions for tunnel floor support in rockbursting environments.

Jan 1, 2015

By D. D. Macdonald, G. Engelhardt

The accumulation of damage due to localized corrosion [pitting, stress corrosion cracking (SCC), corrosion fatigue (CF), crevice corrosion (CC), and erosion-corrosion (EC)] in complex industrial systems, such as power plants, refineries, desalination systems, etc., poses a threat to continued safe and economic operation, primarily because of the sudden, catastrophic nature of the resulting failures. Of particular interest in managing these forms of damage is the development of robust algorithms that can be used to predict the integrated damage as a function of time and as a function of the operating conditions of the system. Because complex systems of the same design rapidly become unique, due to differences in operating histories, and because failures are rare events, there is generally insufficient data on any given system to derive reliable empirical models that capture the impact of all (or even some) of the important independent variables. Accordingly, empirical models have generally failed to provide a robust basis for predicting the accumulation of corrosion damage in complex systems under realistic operating conditions. The alternative prediction philosophy is determinism, in which the development of damage is described in terms of valid, physico-electrochemical mechanisms with the output being constrained by the natural laws. The differential damage is then integrated along the corrosion evolutionary path for the system (i.e., over the future operating "history") to yield the desired integrated damage, which is the quantity that is most useful to an operator. In this paper, we review the theory of predicting corrosion damage within the framework of Damage Function Analysis (DFA), with particular emphasis on the pitting of aluminum in chloride solutions and on the accumulation of damage from SCC in Type 304 SS components in the primary coolant circuits of Boiling Water (Nuclear) Reactors (BWRs). These cases have been selected to illustrate the various phases through which localized corrosion damage occurs.

Jan 1, 2005

By K. Aziz

The solutions to unsteady-state gas flow in a radial system have been reviewed in order to aid in the interpretation of drawdown data. It has been the practice to evaluate the time and rate conversion constants, directly or indirectly, by using reservoir data. This paper presents a method of determining these constants from drawdown data. A simplified approach to the de-termination for the various boundary conditions is presented. An example of a problem which illustrates the use of this theory appears in the appendix. UNSTEADY-STATE FLOW EQUATION The solution of any unsteady-state flow problem involves (1) the continuity equation, (2) the equation of state of the fluid, (3) the equation of fluid motion and (4) the boundary conditions. For the Darcy flow of a gas in the horizontal radial plane, the equation is when the viscosity, compressibility and permeability to gas flow may be assumed constant and the medium

Jan 1, 1963

By Iina Vaajamo, Jani Jansson, Lauri Pesonen

In pyrometallurgical operations, structural integrity of a high temperature furnace plays a crucial role in the overall safety, profitability and ecological footprint of the plant. Furnace integrity is related to how reliable a furnace is and it can be compromised, for example, by having poor operating and maintenance practices, an inefficient cooling system and flaws in the overall furnace design. These flaws and poor practices might lead to unexpected shutdowns, production losses, increased emissions, or worse. This paper presents the main factors to consider when engineering a furnace and developing its operating practices, while ensuring safe and reliable operations without compromising process efficiency and quality of the final products. In this respect, Outotec’s solutions for the cooling system and for automation systems like PROSCON, Process Advisor, Sentinel and our Smelting Information Management System, are also introduced.

Jan 1, 2015

By G. G. Bowser

THE time has come when, as your President, 1 turn the helm over to my worthy successor. When 1 was reminded by our Secretary that 1 had to prepare an address for this meeting, 1 was at a loss for a subject. In the hope of inspiration 1 perused the records of our Society for some years past. 1 found in these records that many problems in need of solution relative to industry in Nova Scotia were discursively dealt with and that sound thought was given to the solution of these problems, with a natural leaning, of course, to problems pertaining to the mining industry. 1 found also that some of the reasoning was remarkably prophetie. Some of these subjects and problems were: The use of pulverized coal to generate power instead of hydro-electric power; rural electrification; the importance of youth training for an efficient place in industry; the proper marketing of coal; the fuels competing with coal; the need for better in-dustrial relations between employer and employee; better education for success in the social field as applied to industry; and Canadian unity. The issue of some of these copies has been forced upon us by war. For instance, there appears to be no marketing problem for coal, nor does there ? seem to be a marketing problem for anything just at present. The problem of the coal producer just now is supply and transportation. Also, at present, coal fe.ars no competitors, such as oil-and not even hardwood. Many large companies now have an industrial Relations or Personnel Manager and department. Furthermore, we have been compelled of necessity to train our young men, and women also, for both industry and war. However, war does not solve these problems and, with the return to normal times, we may be faced with the same troubles in even greater measure. My reason for mentioning these copies is to point out that, as mining men, we are aU desirous of progress in every industry, not only the mining industry; and that mining men are able to see clearly ahead. In normal times, especially in matters not directly affecting the mining industry, we are inclined to let matters take their own good rime, or let the government do it. We do not seem to realize that these necessary and desirable changes can be made in times of peace-instead of being forced upon us by war or other social upheavals-by the method of sound thought and action to the desired end.

Jan 1, 1943

By D. M. Richards

"IntroductionThe Highland Valley Copper partnership was formed in July 1986 as a logical result of a mine with a large ore reserve but a small mill, and a mine with a large, modern mill but dwindling ore reserves. The original partnership of Cominco and Rio Algom was expanded in January 1988 to include Highmont Mining Company. During 1988/89 the Highmont mill was moved 7.5 km to adjoin the Lornex mill, becoming the Highland mill in the process, with a nominal capacity of 130 000 tonnes per day.The mine is located near the town of Logan Lake, 220 km northeast of Vancouver, British Columbia and 55 km southwest of Kamloops. The map in Figure 1 shows the general area. Kamloops is a major service centre and is served by two railways, two major roads and a regional airport. The mine site is situated between 1200 m and 1600 m above sea level on the Thompson Plateau. Principle activities in the area, in addition to mining, are cattle ranching and forestry. Ore reserves at the beginning of 1996 totaled 533 million tonnes at a grade of 0.42% copper and 0.008% molybdenum. Ore is mined from two pits — Valley, 3 km northwest of the mill; and Lornex, 1 km southwest of the mill. With 78% of the reserves, the Valley pit is the focus of activity.In order for Highland Valley Copper to remain competitive with a very low grade ore reserve, it has been necessary throughout the mine’s life for new technologies to be embraced as they become available. These have included such diverse technologies as in-pit crushing and conveying, large mechanical drive trucks, computerized truck dispatch and oneman survey instruments. During the next few years, it is planned to introduce two further technologies that are relatively new to both the world at large and the mining industry in particular. These are namely Global Positioning Systems (GPS) and Geographical Information Systems (GIS), both of which are expected to have a major impact on the way mining is carried out in the years to come."

Jan 1, 1997

By W. C. Zhu, C. H. Wei, L. L. Niu

With an increase of mining depth, a series of mining-induced hazards such as rockburst, coal and gas outburst, roof collapse, and water burst are getting more serious and more frequent. The intrinsic mechanism responsible for the occurrence of mining-induced hazards is the damage and unstable failure of rockmass or coal seam. The most distinct difference between deep and shallow levels is the so-called three ‘high’ (H3) conditions, i.e. high geo-stress, high fluid pressure and high geo-temperature. Therefore, the response of rock or coal to the deep mining operation is a phenomenon involving thermal (T), hydraulic (H), and mechanical (M) processes. Most importantly, mining excavation may vary the rock stress condition greatly, which may be a key factor to trigger the mining-induced hazards such as rockburst. In this regard, it is of great significance to clarify the damage and failure mechanism of rock and coal under coupled THM conditions, in order to clarify the rock failure mechanism responsible for the occurrence of mining-induced hazards. Thereafter, the mining-induced hazards cannot be predicted with confidence by considering each process independently. Of course, the requirement to include coupling of these processes depends on the specifics of the mining-induced hazards under consideration. For example, the water inrush is considered as a coupled hydro-mechanical (HM) process, in which the unstable failure of rockmass occurs under the combined contribution of geo-stress and water pressure. As for the coal mining at depth, in addition to high geo-stress and gas pressure in coal seam, the high geo-thermal condition that may greatly change the adsorption / desorption of gas and gas flow should be taken into account. Firstly, a general-purpose mathematical model for rock damage and failure process under coupled THM conditions is formulated based on damage mechanics principle, and it is solved by finite element method (FEM). In this model, the deformation and damage of rock, fluid flow and thermal transfer in rock would interact with each other, one process affects and initiation and progress of another. Then, the model is used to predict the mining-induced water outburst, where it is simulated as coupled hydro-mechanical (HM) problems. Based on the numerical simulation, the dimension of water-proof pillar is designed. Finally, the gas drainage from deep coal seam is numerically evaluated, where the coupled coal-gas interaction considering the effect of gas adsorption/desorption, gas flow in coal seam and geo-stress and geotemperature, is comprehensively taken into account. The proposed model could be used for clarifying the mechanism of mining-induced hazards in deep-level mining.

Jan 1, 2015

By J. H. Crocket, J. Andy Fyon

"All gold deposits within the Tisdale Group are spatially associated with carbonate alteration zones; however, not all carbonate alteration zones are host to gold mineralization.Within the komatiitic and magnesium tholeiitic volcanic rocks at the base of the Tisdale Group, discordant and stratabound carbonate alteration zones occur throughout. The alteration zones consist of a ferroan dolomite - quartz inner assemblage which is enveloped by calcite-quartz and an outer chlorite-rich subzone. Factors which control the distribution of carbonate alteration include joint systems, flow contacts, synvolcanic faults and bulk composition of the host rock.Two environments of carbonate alteration can be recognized: 1) The subsea-floor alteration zones developed within the volcanic rock succession where hydrothermal fluids did not discharge directly onto the sea floor. Insignificant gold production has come from this alteration environment. 2) Seafloor zones, which represent points of hydrothermal fluid discharge into the hydrosphere, are spatially associated with felsic volcanic rock complexes and are host to syngenetic, auriferous cherty dolomite.Carbonatized, magnesium tholeiitic basalts, which are host to the auriferous, cherty dolomite, are enriched in antimony (>0.35 ppm), boron (>30 ppm), gold (>5 ppb) and lithium (> 35 ppm), but are depleted in copper ( < 70 ppm), with respect to carbonatized basalts not associated with gold. Orerelated, altered komatiitic flows can be screened using gold (>5 ppb), lead(> 10 ppm), arsenic(> 70 ppm) and antimony (>1 ppm).The habit, petrographic characteristics and certain geochemical characteristics of the altered volcanic rocks suggest that the hydrothermal fluid was of sea-water origin."

Jan 1, 1982

By Lin-fang Shen, Shao-jun Li, Zhi-liang Wang

"The meso-structure of real soil consists of numerous particles with different sizes, while the traditional reconstruction method of quartet structure generation set (QSGS) produce relatively uniform soil particles resulting in significant discrepancy between the actual structure and reconfiguration model. In order to remedy the deficiency, the QSGS is improved by considering the influence of porosity and autocorrelative function of soil, which make the models closer to the real soil. Based on the reconfiguration model, Lattice Boltzmann method is combined in the algorithm to conduct further simulation of fluid flow in soil pores. The D2Q9 model is applied to construct the two dimensional model for simulating mesoscopic seepage field of saturated soil by setting the non-equilibrium extrapolation scheme at the inlet and outlet boundary, and the bounce-back scheme at the soil particles boundary as well as the left and right boundary. According to the case study, the proposed program is realized to simulate mesoscopic seepage field of reconstructed soil with constant inlet seepage velocity. The results show that the seepage direction of soil is along the passage with good connectivity, therefore the permeability is controlled by these passages. The seepage velocity in such channels is faster than in bad connectivity channels. Even if the channel has larger pores, the seepage velocity is still small. INTRODUCTIONUnderstanding the seepage mechanism in porous materials is significant in both theoretical and engineering problems. As a typical porous media, soil consists of solid particles and voids, which form connected channels allowing water to flow through. Such seepage in soil exists widely among geotechnical project of slope, foundation pit, and tunnel, etc. Meanwhile, a number of engineering accidents are caused by limited knowledge of seepage characters in soil (Huang, 2006; Liu, 2013). The conventional method in describing seepage features mostly based on the parameter of permeability, which is a macro statistic mean evaluating the whole connectivity of soil. Obviously, this parameter cannot exactly reflect the details of how water flows through the inner soil structure, especially the flow velocity in local mesoscopic area, hence is unable to represent the actual seepage properties. Therefore, it is necessary to develop mesoscopic approaches to fully study the seepage mechanisms."

Jan 1, 2015

By S. Shrestha

Magnesium-based alloys are of growing interest for many industrial applications due to their favourable strength-to-weight ratio and excellent castability. Mass reduction has advantages in many industrial sectors for example, in automotive, a reduction in mass improves fuel economy and can lead to more efficient mechanical systems by reducing the weight of moving parts like wheels, gears, pistons. However, the relatively poor corrosion and wear resistance limits the use of magnesium and its alloys in many potential applications. The patented Keronite® plasma electrolytic oxidation (PEO) process enables manufacturers to overcome such problems and, in its latest generation equipment has been developed to industrial realisation for high volume production. This paper presents microstructural characteristics and corrosion performance of two most widely used high pressure die-cast magnesium alloys AZ91D and AM6OB with a duplex corrosion protection coating system that comprised a thin Keronite pre-treatment followed by a subsequent automotive grade final powder coat.

Jan 1, 2006

By S. Esfahani, M. Barati

Heat recovery from blast furnace slags is often contradicted by another requirement, to generate amorphous slag for its use in cement production. As both the rate and extent of heat recovery and slag structure are determined by its cooling rate, a relation between the crystallization kinetics and the cooling conditions is highly desired. In this study, slags with different basicities were studied during non-isothermal cooling. Their continuous cooling transformation (CCT) diagram were plotted and compared with each other. Then, a mathematical model was developed that predicts the amount of crystallization during cooling. The results were validated by experiments performed by Single Hot Thermocouple Technique and image analysis. A second mathematical model that calculates temperature history of slag during its cooling was coupled with the above model, to allow optimizing the slag/air ratio for both heat recovery and slag glass content.

Jan 1, 2015

By A. M. Esteves

This paper offers an overview of local content policies and practice in the mining sector. Specifically, the paper aims to answer the question of how national and regional governments, industry and civil society can work together to seek an optimal outcome while pursuing their diverse objectives. The paper begins by defining local content and its scope at the subnational level. Specific recommendations for the design of local content policies to mitigate social, economic and governance risks are developed. The document then offers some recommendations regarding the role of partners in design, implementation, monitoring, and enforcement of local content policies.

Aug 1, 2013

By B. D. H. Knights, N. B. du Preez

The recovery of the economy of the Democratic Republic of Congo has allowed for the rapid increase in production of copper from this region, while the increased price of cobalt continues to support the recovery of that country’s economy. This has enabled the modernization of the process technology used, particularly the change from direct electrowinning of copper to solvent extraction-electrowinning. With this change has come a variety of technical challenges in optimizing the recovery of cobalt from these sources. In this paper, we discuss aspects of the flowsheets for the production of cobalt from the ores of the DRC and Zambia, highlighting the technological improvements that have been made. Following this description of the practice, we assess the challenges of further improving the recovery and purity of cobalt from these sources. INTRODUCTION The African Copperbelt (Figure 1) is by far the biggest producer and holds the greatest reserves of cobalt (Sheed, 2015). However, the ores of this great mining region are extracted primarily for their copper content, and cobalt is a by-product. The ratio of copper-to-cobalt is between 6 and 20 to 1, with the ores from the DRC richer in cobalt than those from Zambia. The overall supply of cobalt, shown in Figure 2, is increasing due to an increase in demand for its use as a battery material. Cobalt is used in superalloys, hard metals, pigments, catalysts magnets, tyre adhesives, lithium-ion rechargeable batteries, and wear-resistant coatings, amongst others. Although these generic categories persist, Figure 3 shows how the relative usage of cobalt is changing due to the uptake of electric vehicles in China and Europe. Cobalt is a key element in lithium-ion batteries, and because it is widely anticipated that electric vehicles will be legislatively encouraged, it is anticipated that the demand for cobalt will rise. This anticipated increase in demand resulted in an increase in the price for cobalt, to which suppliers responded over-eagerly, and the price has dropped dramatically in the first few months of 2019, as shown in Figure 4. However, there is a clear cycle of price peaks in cobalt’s history.

Jan 1, 2019