Monthly Archives: October 2016

Global Nickel market sees 66,000 tonne deficit in 2017

The global nickel market is seen in a 66,000 tonne deficit next year, in line with this year, on growing demand from the stainless steel sector, the International Nickel Study Group (INSG) said. Global demand for nickel is expected to increase to 2.11 million tonnes in 2017, up from 2.00 million tonnes in 2016, the Lisbon-based group said. Global output of nickel is expected to rise to 2.05 million tonnes in 2017, up from … Continue reading

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General Electric Pursues Deal With BakerHughes

General Electric Co. is in talks to merge its oil-and-gas business with Baker Hughes Inc., according to people familiar with the matter, a transaction that would dramatically reshape the industrial giant. GE has approached the oil-field-services company about a deal, the people said, but details of the talks couldn’t be learned and they could break down before an agreement is reached. A deal—which could be worth upward of $20 billion—could be structured such that … Continue reading

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The Critical Ingredients Needed To Fuel Tesla’s Battery Boom

By VW Staff • on October 26, 2016 3:02 pm • in Info-Graphs, Technology Tesla Motors Inc (NASDAQ:TSLA) The Battery Series is a five-part infographic series that explores what investors need to know about modern battery technology, including raw material supply, demand, and future applications. The Critical Ingredients Needed To Fuel Tesla’s Battery Boom We’ve already looked at the evolution of battery technology and how lithium-ion technology will dominate battery market share over the … Continue reading

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Aerospace industry sparks higher demand for Graphite

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Govt to allow Nickel ore, Bauxite exports under new rules

The government has finalized the draft revision of a government regulation on coal and mineral resources mining activities, which focuses on a licensing regime change and flexibility for mineral exports. Energy and Mineral Resources Ministry secretary-general Teguh Pamudji said the revision of Government Regulation No. 1/2014 was aimed to encourage mining companies to shift the contract of work (CoW) to a special mining license (IUPK). “Article 169 in the 2014 Mining Law says that … Continue reading

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Sudbury reflects on 10 years since foreign takeovers of Inco and Falconbridge

It has been 10 years since the foreign takeovers of Sudbury’s two homegrown mining companies. And the debate continues over whether or not this has tarnished the Nickel Capital over the last decade. Vale — then known as CVRD — officially took over Inco on Oct. 24, 2006, three months after Falconbridge was bought by Swiss-based Xstrata. It was been 10 years since Inco, which had roots in Sudbury mining going back to 1901, … Continue reading

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Top Copper Miner Gets Reprieve as Chile Signals More Funding

Government will have to provide ‘slightly more’ to state miner Law forces Codelco to give 10% of its sales to the military Codelco’s prospect of remaining as the world’s biggest copper miner received a boost on Thursday as Chile signaled it will increase funding for the state company to overhaul aging mines and head off a slump in output. Chile is already investing a lot in Codelco and will have to provide “slightly more” … Continue reading

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Accidental discovery could be renewable Energy breakthrough

In an unexpected twist of fate, scientists at the Department of Energy’s Oak Ridge National Laboratory have developed a process to turn carbon dioxide, a greenhouse gas, into ethanol fuel — a breakthrough with implications for the future of renewable energy. That discovery, which occurred in 2014 and has been replicated multiple times since then in the nanotechnology lab Oak Ridge, Tennessee, is explained in full in a new study published in ChemistrySelect. The … Continue reading

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India not realising potential of Rare Earth industry

NEW DELHI: The Indian rare earth industry, potentially worth Rs 90,000 crore in annual turnover, lies wasted and underused, according to industry representatives. As per estimates by experts belonging to the Beach Minerals Producers Association, the rare earth mineral downstream industry can net a capital employment of about Rs 121,000 crore, including Rs 50,000 crore worth of foreign exchange. Rare earths are a special class of 17 elements that have extensive uses across various … Continue reading

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RareEarth sector plans more higher value-added products

China’s rare earth industry has to produce more high-end products by further reducing the number of producers in the next five years, according to the 13th Five-Year Plan (2016-20) for the industry released by the Ministry of Industry and Information Technology on Tuesday. According to the plan, rare earth with higher added value will account for 50 percent of the total output by 2020, up from 25 percent in 2015. “The exploitation should be … Continue reading

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