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TechMet investment to commercialise Brazilian nickel-cobalt mine

Fri, 10/16/2020 - 10:07 -- Paul Crompton

Private investment firm TechMet aims to use a $25 million investment to bring a Brazilian nickel-cobalt project on-line.

The cash from US International Development Finance Corporation will be ploughed into one of TechMet’s core investments, Brazilian Nickel, which aims to be a low-cost nickel-cobalt producer in Piaui in north-eastern Brazil.

TechMet has a portfolio of projects— including Li-cycle and U.S Vanadium— that produce, process and recycle the metals critical to the production of electric vehicles (EVs), renewable energy systems and energy storage.

Ireland-based TechMet says it is “aligned with US interests” and is is committed to developing a supply of critical battery metals independent of China.

UK-based Brazilian Nickel has demonstrated leap-leach technology to treat laterite ores and produce nickel and cobalt products for the battery market.