Monthly Archives: July 2017

Trump Finds Reason for the US to Remain in Afghanistan: Minerals

WASHINGTON — President Trump, searching for a reason to keep the United States in Afghanistan after 16 years of war, has latched on to a prospect that tantalized previous administrations: Afghanistan’s vast mineral wealth, which his advisers and Afghan officials have told him could be profitably extracted by Western companies. Mr. Trump has discussed the country’s mineral deposits with President Ashraf Ghani, who promoted mining as an economic opportunity in one of their first … Continue reading

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Indonesian: 11 smelters closed after relaxation of concentrate exports

The Indonesian Resources Studies (IRESS) has revealed that 11 smelters were closed following the relaxation of concentrate exports by the government as miners prefer to directly export their products. “There are people who have suffered from the export relaxation, and because of the policy, the market is flooded by the commodity, making the prices go down,” IRESS executive director Marwan Batubara said Thursday as reported by tempo.co. The 11 smelters were respectively owned by … Continue reading

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Fast-charging stations for electric vehicles coming to Trans-Canada Highway

Three companies are teaming up with the federal government to install 34 electric vehicle fast-charging stations along the Trans-Canada Highway in an attempt to encourage the adoption of zero-emission vehicles. The $17.3-million charging network, which will be installed in Ontario and Manitoba, will allow drivers to charge their zero-emission cars in about 20 minutes through stations powered by a lithium-ion battery storage system, one its developers say won’t stress the utility grid. The project … Continue reading

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Cleaning up CO2 emissions could be worth millions

(Phys.org)—When most people hear the term “CO2 emissions,” they probably think of several negative things: greenhouse gas, pollutant, climate change, political discord, economic burden. But a team of researchers led by Stuart Licht, a chemistry professor at George Washington University, has a vision for transforming CO2 emissions from a pollutant into a valuable resource—all while making a potentially large net profit. In a new study published in Materials Today Energy, the researchers have shown … Continue reading

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Tesla to build world’s largest Lithium ion battery in Australia.

SYDNEY——Elon Musk’s Tesla will build what the maverick entrepreneur claims is the world’s largest lithium ion battery within 100 days, making good on a Twitter promise to ease South Australia’s energy woes. The region was hit with a total blackout when an “unprecedented” storm wrecked power transmission towers in 2016, and billionaire Musk in March offered to help with a battery farm. “This system will be three times more powerful than any system on … Continue reading

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Elon Musk Won’t Save Big Mining

The world’s biggest mining companies have more or less recovered from the commodity boom and bust of the past decade. At the same time, they’ve been left with an existential crisis: What minerals are going to drive their growth in the decades to come? Aluminum was white-hot in 2007 when Rio Tinto Group paid $38 billion for Alcan Inc., but it’s since been sunk by a wave of Chinese oversupply. Coal and iron ore … Continue reading

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Nickel: Vale New Caledonia faces review, possible mothballing

The operation of the loss-making Vale New Caledonia nickel company is to be reviewed in light of the persistently low nickel price. This was announced by Fabio Schvartsman who is the new CEO of the Brazilian mining conglomerate Vale that owns the plant at Goro in New Caledonia’s south. The plant’s production costs are too high for it to be profitable and the outlook is poor. Last November, Vale said a $US200 million loan … Continue reading

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China Is About to Bury ElonMusk in Batteries

As Elon Musk races to finish building the world’s biggest battery factory in the Nevada desert, China is poised to leave him in the dust. Chinese companies have plans for additional factories with the capacity to pump out more than 120 gigawatt-hours a year by 2021, according to a report published this week by Bloomberg Intelligence. That’s enough to supply batteries for around 1.5 million Tesla Model S vehicles or 13.7 million Toyota Prius … Continue reading

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BASF and Norilsk Nickel enter exclusive negotiations to cooperate on raw material supply for battery materials production in Europe

Joint News Release BASF and Norilsk Nickel enter exclusive negotiations to cooperate on raw material supply for battery materials production in Europe Cooperation to set foundation to supply battery cell producers for electric vehicles in Europe with regionally produced cathode materials Ludwigshafen, Germany, and Moscow, Russia, June 27, 2017 – BASF and PJSC MMC Norilsk Nickel (Nornickel) announced today that they have signed a Memorandum of Understanding and entered exclusive negotiations to cooperate on … Continue reading

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