Mineral Commodities outlines vertical integration strategy

Graphite and mineral sands participant Mineral Commodities has lifted the curtain on its five-year strategic plan to see the organization vertically integrate itself into the battery and major mineral sectors.

The overarching objective is to build a greater diversified, sustainable and accountable producer even though transitioning its international organizations from the output of concentrates to downstream finished products.

The firm will mainly concentration on providing battery anodes to Europe with a secondary concentrate on completed garnet and ilmenite mineral merchandise coming from South Africa.

Mineral Commodities claims Europe is seeing unprecedented increases in planned creation of lithium-ion batteries, driving up demand for graphitic anode.

In phrases of its battery passions, the company options to combine its earth-course graphite belongings in Europe and Australia to realize economies of scale and supply to the rising industry.

Mineral Commodities appears to be picking up speed as it was not long ago thriving in its grant application of up to US$3.94 million to progress the commercialisation of its new graphite ore-to-battery anode enterprise.

The enterprise holds a sizeable 9.83 million tonnes at 14.3 per cent complete graphitic carbon, containing 1.4Mt of graphite across its Munglinup job in Australia and Skaland job in Norway.

Most notably, Mineral Commodities prices Skaland as the world’s greatest-quality running flake graphite mine at 1.84Mt heading an amazing 23.6 per cent graphitic carbon.

As section of its 5-12 months program, the enterprise aims to improve its graphite means and reserves and has not too long ago built headway by identifying new targets at prospects near Skaland and additional targets at Munglinup picked up by an electromagnetic study.

Management aims to speed up the progress of its Australian asset with a remaining investment conclusion focused for the 2nd quarter of 2023 and is targeting downstream graphitic anode product or service qualification for the exact time period. It strategies to have commercial-scale plants in operation by 2024.

In terms of its mineral sands belongings the firm retains 562 million tonnes at 6.6 for every cent whole weighty minerals, that contains 37Mt of in situ hefty mineral across its Tormin and Xolobeni mineral sands projects in South Africa.

Strategies exist to transition into bigger-price concluded goods in 2023 and mature sources in addition to strengthening the performance, flexibility and scale of its functions.

Whilst not as headline-grabbing as the electrification revolution, mineral sands play a job arguably as ubiquitous.

Titanium dioxide – a important solution from large mineral sands – is a principal feedstock of titanium pigment generation. The pigments are utilised for the manufacture of paints, coatings plastics and toothpaste to name a several.

Titanium dioxide is also applied in specialist applications from industrial takes advantage of to aerospace applications.

Interestingly in November 2021, Pan-European banking group UniCredit Main Economist, Erik Nielsen explained the European Union had fashioned a “battery alliance” with “some 24 battery gigafactories” to be set up domestically.

Nielsen also suggested the improved ability would be enough to equip about 9 million electric powered automobiles for every 12 months.

Volkswagen is reported to be placing up six of its battery factories in Europe by 2030 and the organization journal Bloomberg reviews Swedish vehicle manufacturer designs to build a third factory in Europe in 2025.

With all the motion set to manifest in Europe, companies these types of as Mineral Commodities are trying to position on their own to capture the early wave.

Is your ASX-stated organization performing anything fascinating? Get in touch with: matt.birney@wanews.com.au

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