Category Archives: Metal Marketing

BILLGATES-LED FUND INVESTS IN MAKING #LITHIUM MINING MORE SUSTAINABLE

Lilac Solutions has developed a process for extracting lithium that drastically cuts water use. Breakthrough Energy Ventures, helmed by Bill Gates, and MIT’s The Engine fund are leading an investment round of $20 million for Lilac Solutions, a U.S. startup aimed at making the extraction of lithium less water-intensive and more sustainable. As the world looks to cut carbon emissions, people are increasingly turning to lithium-ion batteries for solutions such as powering electric vehicles … Continue reading

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BLOOMBERG: US SCOURS FOR RARE EARTHS TO END ADDICTION TO CHINESE IMPORTS

U.S. is 100% dependent on imports of rare earths, USGS says Production climbed 44% to 26,000 metric tons last year The U.S. is deploying drones and other technology as it scours for potential rare-earths reserves at home and abroad to wean the nation off its dependence on Chinese imports. “We’ve been almost 100% dependent on foreign sources of rare earth elements for industrial applications,” Jim Reilly, director of the U.S. Geological Survey, said. “It’s … Continue reading

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US MINE PRODUCTION INCREASING, ESTIMATED VALUE OF $86.3 BILLION IN MINERALS

2020 Report Highlights the Importance of Mining Minerals for U.S. Economy and National Security The U.S. Geological Survey announced today that U.S. mines produced approximately $86.3 billion in minerals in 2019 –- more than $2 billion higher than revised 2018 production totals. “The data we are releasing today is vital to understanding which minerals are vulnerable to disruptions in America’s supply chains and provides the analytical foundation for President Trump’s broader strategy to make … Continue reading

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GERMANY TO URGE NEXT #BOLIVIAN LEADERS TO REVIVE #LITHIUM DEAL

BERLIN (Reuters) – Germany will seek talks with Bolivia’s next government to revive a deal to exploit jointly huge lithium reserves in the Andean country, as it works to secure supplies for production of electric cars in Europe’s largest economy, officials said. Bolivia and Germany signed a lithium joint venture in 2018 following three years of intense lobbying from Berlin, which said a small family-run company from Germany was a better bet than its … Continue reading

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GERMANY TO URGE NEXT BOLIVIAN LEADERS TO REVIVE LITHIUM DEAL

Bolivia and Germany signed a lithium joint venture in 2018 following three years of intense lobbying from Berlin, which said a small family-run company from Germany was a better bet than its Chinese rivals. But the partnership between Bolivia’s state-owned lithium company YLB and Germany’s privately-owned ACI Systems hit a snag when a governor annulled the decree in November amid political turmoil. The new head of YLB, Juan Carlos Zuleta, told Reuters last week … Continue reading

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REUTERS: CHINA TO BUY RARE EARTHS FROM US AS PART OF TRADE PACT

(Reuters) – China has agreed to buy two types of rare earth metals from the United States as part of an initial trade deal inked on Wednesday, a move likely to boost U.S. production of the strategic minerals. The agreement, signed in Washington by Chinese Vice Premier Liu He and U.S. President Donald Trump, gives China two years to ramp up purchases of hundreds of U.S. products, including scandium and yttrium, two of the … Continue reading

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CANADA UNLIKELY TO SEE LONG-TERM BENEFITS OF #US RARE EARTH DEAL

Rare earths need research to get off the ground in N.W.T., says proponent of Nechalacho project Canada and the U.S. face stiff competition in the search for independence from China’s supply of the rare earth minerals used in phones, clean technology and missiles, says rare earths expert Anton Chakhmouradian. An agreement signed between Canada and the U.S. is more likely to stimulate research and exploration than it is to translate into economic benefits from … Continue reading

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CNN BUSINESS: NEW #LITHIUM-SULFUR BATTERY COULD CHARGE YOUR PHONE FOR FIVE DAYS, RESEARCHERS SAY

London (CNN Business)Australian researchers claim they have developed a battery that can keep a smartphone charged for five days or power an electric car for 1,000 kilometers (over 600 miles). If the technology comes to be used widely, it would represent a significant breakthrough in the hunt for greener, more efficient energy. The team from Monash University in Melbourne says the lithium-sulfur battery it has created is the “world’s most efficient,” and can outperform … Continue reading

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FORBES: UNSTABLE MINERAL SUPPLY THREATENS ELECTRIC CAR, GREEN PROJECTS, JUSTIFIES UNDERSEA, SPACE MINING; REPORT

The advent of the electric car is threatened by a few known knowns like range anxiety, high prices, and a thin recharging network, but now, according to a report from the University of Sussex, lurking in the background are possible shortages of the raw materials at the heart of this low-carbon revolution, which threaten to derail the whole project. Making sure of adequate supplies is so important, mining under the sea, or even on … Continue reading

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ORNL RESEARCHERS ADVANCE PERFORMANCE BENCHMARK FOR QUANTUM COMPUTERS

Researchers at the Department of Energy’s Oak Ridge National Laboratory have developed a quantum chemistry simulation benchmark to evaluate the performance of quantum devices and guide the development of applications for future quantum computers. Their findings were published in npj Quantum Information. Quantum computers use the laws of quantum mechanics and units known as qubits to greatly increase the threshold at which information can be transmitted and processed. Whereas traditional “bits” have a value … Continue reading

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