NextSource Materials to collaborate on battery anode plant in Madagascar with Japanese and Chinese partners

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executed a Letter of Intent (LOI) with its Japanese offtake partner and a leading Chinese processor of graphite anode material to collaborate on the construction of a value-add, battery anode plant in a jurisdiction that is proximal to the Company’s Molo graphite project in Madagascar. Its EV and HEV automotive anode customers are global and currently supply graphite anode material to the majority of Japanese automotive OEMs. Canada-based NextSource Materials Inc.

Roskill: Cobalt demand to grow steadily over the next decade

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The solid growth in cobalt market was, however, disrupted by the COVID-19 pandemic which has impacted the global economy and other commodity markets in an unprecedented way. In Africa, a number of mining operations temporarily suspended production during the first half of the year, with some remaining closed as of October 2020, including Ambatovy in Madagascar and most of the artisanal and small-scale (ASM) operations in the DRC.

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Roskill: Spread of COVID-19 threatens cobalt supply; bottlenecks out of DRC

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As COVID-19 continues to spread worldwide, the pandemic is having an unprecedented impact on the global economy and commodity markets, including cobalt. Roskill has so far recorded the closure of 21 operations as a result of the outbreak, including: Vale’s Voisey’s Bay and Glencore’s Sudbury in Canada; Ambatovy in Madagascar; Coral Bay and Taganito in the Philippines; CTT in Morocco.

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2018 Environmental Performance Index: Air quality top public health threat

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Burundi, Central African Republic, Madagascar, the Bahamas, and Latvia slipped significantly in environmental performance, largely due to sub-par performance on climate change. The 2018 EPI offers not only a snapshot of where countries stand today but also reflects important trends in environmental performance at both the national and global levels. EPI and Global Sustainability Data.

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Roskill: graphite prices could push higher on tightening markets for batteries & electrodes

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Roskill forecasts that global sales of EVs and hybrid vehicles will increase rapidly in the coming years and could account for 69% of all motor vehicle sales by 2027. The project, situated in the Cabo Delgado province of northern Mozambique, some 200 km (124 miles) west of the port town of Pemba, has the potential to become the largest in the world with plans to increase capacity to 350 ktpy in the future (around 60% of current global flake production).

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