⛏️ Saudi Arabia enters nickel mining, lithium could be next..
Saudi Arabia has struck a $3.5 Bn deal with Brazilian miner Vale for 10% of its #copper and #nickel base metals division, marking the oil power’s first entry into #batterymetals mining. ⬇️
https://t.co/HHTryhX9Hm
Benchmark: Global #Battery Industry Needs to Invest $514B to Meet Demand in 2030; $920B by 2035
Producing the critical raw materials will require $220B (43% of the total), with #nickel & #Lithium accounting for more than half of that
#Mining#stocks
https://t.co/Bg6xkRNESb
We did it!!
CAVICO's Hydrometallurgical Production Plant was officially inaugurated on April 23, 2023. Which was designed, technology and construction works are carried out by Vietnamese scientists. The capacity of Phase 1 is about 25 Tons/day. (1)
#nickel#cavicoLaoMining
The day to remember!! Here we go!!
The very first Ni(OH)2 Nickel Hydroxide product was refined at Cavico Lao Mining factory !!
#cavico#CLM#nickelfactory#mining
Suoi Vang area has been opened for prospecting, exploration, and trial exploitation of technology, with a construction volume of more than 1 million m3 of stone in 2023. The amount of gold coins recovered in 2023 is from 300kg to 700kg
#cavicoLao#cavicoVN#Gold#Nickel
Revenue in 2022 $110 billion, Assets $94.5B ,Profits $945.5M
Established in May 1998, Xiamen C&D Inc (China) is a leading conpmay in supplying iron and steel, minerals, chemicals, electrical and mechanical products.
They keep an eye on Cacvico Company's Nickel
#cavicoLao
On December 13, 2022, VinES Energy (a member of Vingroup) and Cavico Lao Mining (a member of Cavico Vietnam) signed a memorandum of understanding on the supply Nickel material for the production of lithium batteries of VinES.
#cavicoLao#cavicoVietNam#Nickel.
#VinES