Category Archives: News

VALE TO EXIT NEWCALEDONIA, EYES INDONESIA TO BOOST NICKEL OUTPUT

LONDON (Reuters) – Brazil’s Vale SA plans to exit its troubled New Caledonia assets but still aims to ramp up nickel output ahead of rising demand for electric batteries, executives said on Wednesday. The planned divestment of nickel operations in New Caledonia comes after Vale said last month it would write down the mine and incur a non-cash impairment charge of about $1.6 billion in the fourth quarter. A year ago, the world’s top … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

TRUDEAU GOVERNMENT INVESTIGATING HOW #CANADIAN MINING INDUSTRY CAN PROVIDE RARE-EARTH MINERALS CRITICAL TO NEW ECONOMY

Collaboration on critical minerals with Washington could attract investment to Canadian exploration and mining projects as well as spur job creation OTTAWA — The Trudeau government is digging for intelligence on the role Canada’s mining sector could play in providing the United States and other key trading partners with crucial minerals and metals — from cobalt to tellurium — considered building blocks of the new economy. Natural Resources Canada plans to hire a British … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

RUSSIA WANTS TO ATTRACT INDIAN INVESTORS TO MINE RAREEARTHS IN FAR EAST

Indian companies IREL (Erstwhile Indian Rare Earths Ltd) and KABIL (Khanij Bidesh India Ltd) are looking into rare earth elements projects in Russia, according to Russia’s Far East Investment and Export Agency. In a meeting with Indian firms in New Delhi, the Russian delegation presented perspective projects that could be implemented in the remote Far Eastern region and the Arctic zone. “We’re considering mining of lithium and cobalt,” the director of the agency, Leonid … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

BBCNEWS: EUROPE’S NEW SPACE BUDGET TO ENABLE CO2 MAPPING

Europe will press ahead with a network of satellites to track carbon dioxide emissions across the globe. They will be developed out of a new European Space Agency (Esa) budget agreed in Seville, Spain. Research ministers on Thursday approved a package of proposals worth some €14.4bn (£12.3bn/$15.9bn) over the next five years. As well as the new CO2 monitoring system, the funds will also pave the way for missions to the Moon and Mars. … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

BLOOMBERG: TESLA SET TO BULK UP THE WORLD’S LARGEST LITHIUM-ION BATTERY

Australia’s Hornsdale battery to expand capacity by 50% Storage system has saved consumers more than A$50 million The world’s biggest lithium-ion battery is about to get even bigger, with Tesla Inc. set to beef up capacity at the Hornsdale site in South Australia. The system will be expanded by 50% to 150 megawatts, according to an announcement from Neoen SA, the French company that operates the site. The storage site has already saved consumers … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

ABC NEWS: RARE EARTH MINERAL DEAL INKED BY US AND AUSTRALIA — WHAT DOES THAT MEAN?

A select group of minerals power our modern world. Some of these include minerals such as lithium, which form the backbone of rechargeable batteries found in everything from electric cars to your laptop. Other minerals are largely found within a group known as “rare earths” sporting names you may have never come across. These are found within our smartphones, computers, medicines and even in some defence weapons systems. Cerium, for example, is a rare … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

FORBES: THE RISE OF#CARBONTECH – CO2 FINDS MARKET VALUE

Exciting things are happening in the world of carbon capture. A new category of companies are coming to market that are using technological innovation to turn excess CO2 into useful, marketable products. They are calling themselves “CarbonTech” or “Carbon to Value” and proposing that carbon waste can be turned into products of real value. According to the 2018 report by the Intergovernmental Panel on Climate Change (IPCC), humanity will need to reduce its global … Continue reading

Posted in Energy, Mining, News | Comments Off

BBC NEWS: ELECTRIC CAR FUTURE MAY DEPEND ON DEEP SEA MINING

The future of electric cars may depend on mining critically important metals on the ocean floor. That’s the view of the engineer leading a major European investigation into new sources of key elements. Demand is soaring for the metal cobalt – an essential ingredient in batteries and abundant in rocks on the seabed. Laurens de Jonge, who’s running the EU project, says the transition to electric cars means “we need those resources”. He was … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

FORBES: AUSTRALIA MAY BE THE SAVING GRACE FOR THE RARE EARTH METALS MARKET

When Colorado-based Molycorp Inc. filed for bankruptcy in 2015, the U.S. lost its sole remaining miner and producer of rare earth elements (REEs)—those inconspicuous metals with unpronounceable names like praseodymium, yttrium and gadolinium. The company’s key project, the open-pit Mountain Pass mine in California, was once the world’s top source for rare earths, which are used today in a growing number of important high-tech applications, from lasers to wind turbines to missile guidance systems. … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off

BLOOMBERG: VOLVO CARS GOES FOR BLOCKCHAIN TECH TO AVOID UNETHICAL COBALT

Swedish firm launched its first fully electric car last month Shift away from fossil fuels is posing challenge for carmakers Volvo Cars will use blockchain technology to trace the origin of cobalt used in its batteries in an effort to avoid supplies produced by children and under unethical conditions. The commodity, an important ingredient in lithium-ion batteries, is mainly extracted in Congo, which last year produced more than two-thirds of the world’s cobalt. While … Continue reading

Posted in Energy, Metal Marketing, Mining, News | Comments Off