Category Archives: Mining

President Biden’s ambitious plan to jump-start the U.S. electric vehicle market faces a roadblock: a weak supply chain that is making it difficult for American automakers to get enough batteries to scale up production. And that shortage could get worse, depending on whether Biden intervenes this week in a dispute between two top South Korean manufacturers over moves by one to open a battery plant in Georgia to serve the U.S. market. Hanging in … Continue reading →

Refining coal to fuel renewable energy BAAL Perazim Resources is a diversified coal, oil and gas and renewable energy company, which produces and markets coal, oil and gas from their own North American mines. In addition, BAAL aligns itself with responsible coal and gas resource owners outside the United States ensuring that all such joint practices do not infringe on human rights and do not harm the environment. BAAL is committed to implementing practices … Continue reading →

Market for nickel used in EV batteries is getting tighter Japan trading giant to take huge writedown on nickel project Elon Musk has a plea for mining companies: “Please mine more nickel.” “Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” said Musk, chief executive officer of the electric-carmaker, during a second-quarter earnings call. Musk’s plea comes as one … Continue reading →

It’s been more than four months since COVID-19 was declared a pandemic, and the impact of the virus on the commodities space is far from over. Nickel is just one metal still facing hurdles, despite the rebound in prices it saw in Q2. During the first half of 2020, mining and refining facilities for nickel were disrupted at a global scale, from the Philippines to Canada, as a result of coronavirus containment measures. “We … Continue reading →

BY: FRIK ELS, MINING.COM JULY 20, 2020 German luxury vehicle maker BMW signed a US$2.3 billion long-term deal earlier this month with Swedish battery maker Northvolt, the latest of such deals, as European carmakers try to compete with Tesla in the burgeoning electric vehicle (EV) market. Tesla’s gigafactories and battery technology have long given it an edge in the EV market (Northvolt was started by two former Tesla executives), but when it comes to … Continue reading →

If there’s one silver lining from the COVID-19 pandemic, it’s that it’s helped expose vulnerabilities in the U.S. and Defense Department supply chain, the undersecretary of defense for acquisition and sustainment said. Ellen M. Lord discussed acquisition in the face of COVID-19 during a virtual “fireside chat” today with the Ronald Reagan Institute. Efforts that followed an executive order by the president to assess the defense industrial base and the U.S. supply chain have … Continue reading →

(Reuters) – U.S. rare earths miner MP Materials will go public in a $1.47 billion deal by merging with a private-equity backed blank-check company, underscoring Wall Street’s rising interest in efforts to boost production of the strategic minerals. The listing on the New York Stock Exchange would be the first for a U.S. rare earths company since Molycorp went public a decade ago. Molycorp filed for bankruptcy in 2015 and MP Materials bought California’s … Continue reading →