Nanthakumar Victor Emmanuel, P.Eng

Author Archives: Nanthakumar Victor Emmanuel, P.Eng

#India reaches out to critical mineral producers for processing technology

Posted on April 1, 2024 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

NEW DELHI: India has reached out to key critical mineral producers to bring in processing technology into the country, officials said. The move comes close on the back of the government rolling out auctions of critical mineral mines.

“Talks are on with the United States (US), Australia, and United Kingdom (UK), South Korea, and Japan for processing technology. Brazil and Argentina are also positive about collaborating with India,” a senior mines ministry official told ET.
According to another official aware of the plan, agreements with countries are being lined up and will soon be signed.

While India is going ahead with auction of mines holding critical minerals, there are no facilities for their beneficiation.

“We want to target India’s first critical mineral beneficiation and processing plant in the next 3-5 years,” the official quoted above said. “We want to ensure that development of critical mineral processing and extraction happen in parallel.”

#BBC: #India in undersea race to mine world’s battery metal

Posted on March 21, 2024 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

India is taking another step in its quest to find valuable minerals hidden in the depths of the ocean which could hold the key to a cleaner future.

The country, which already has two deep-sea exploration licences in the Indian Ocean, has applied for two more amid increasing competition between major global powers to secure critical minerals.

Countries including China, Russia and India are vying to reach the huge deposits of mineral resources – cobalt, nickel, copper, manganese – that lie thousands of metres below the surface of oceans. These are used to produce renewable energy such as solar and wind power, electric vehicles and battery technology needed to battle against climate change.

The UN-affiliated International Seabed Authority (ISA) has issued 31 exploration licences so far, of which 30 are active. Its member countries are meeting in Jamaica this week to discuss regulations around giving out mining licences.

#Canada signs hydrogen deal with #Germany

Posted on March 19, 2024 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Canada, citing the need to shun Russian energy, on Monday signed an agreement with Germany that it said would accelerate work towards the commercial-scale trade of clean hydrogen fuel.

The two nations inked a memorandum of understanding that commits them to backing transactions between Canadian

hydrogen producers and Germany’s industrial manufacturing and energy distribution sectors.

“Canada is working with European allies to displace imports of Russian oil and gas and fight climate change with clean Canadian hydrogen. Canada can be a world-leading producer and exporter of clean hydrogen,” the federal natural resources ministry said in a statement.

#Indonesia says #Nickel miner #Vale to build another $2 bln HPAL plant

Posted on March 18, 2024 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Nickel miner PT Vale Indonesia (INCO.JK), opens new tab is exploring a potential investment in a high-pressure acid leaching plant in Sulawesi island, with an estimated cost of 30 trillion rupiah ($1.91 billion), its investment ministry said on Monday.

The plant, named “SOA HPAL”, will be the company’s third such project to turn nickel ore into mixed hydroxide precipitate (MHP) – a material used to make electric vehicle batteries, according to presentation material shown by Indonesia’s Investment Minister Bahlil Lahadalia.

A millennial is building #America’s first #Nickel-#Cobalt refinery

Posted on March 1, 2024 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

America had no nickel-cobalt refineries of its own.

The promise of the largesse doled out by the Inflation Reduction Act (IRA), Joe Biden’s signature bill to catalyse America’s clean-energy transition. Subsidies for electric cars attracted $110bn in investments in green manufacturing and battery-making within a year of the IRA’s passage in 2022. But as firms boosted production it became clear that China’s grip on the world’s mineral mines and refineries could prove perilous for its political foes. If China decides not to export refined metals tomorrow, as it has threatened to do, dozens of brand-new American gigafactories could soon sit idle.

Even with subsidies, mining and refining in America are not for the faint of heart. Regulations can make both activities uncompetitive. But the maths flipped in refiners’ favour in December 2023 when the tax agencies charged with implementing the IRA made it more protectionist. Their new rules clarified that companies selling electric cars made with materials processed by firms with at least 25% Chinese ownership are ineligible for subsidies. For makers of batteries and cars this was bad news—their inputs got pricier overnight.

#Pentagon plans #AI-based program to estimate prices for critical minerals

Posted on January 30, 2024 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

The US Department of Defense plans to develop a program to estimate prices and predict supplies of nickel, cobalt and other critical minerals, a move aimed at boosting market transparency but one that throws a new, uncertain variable into global metals markets.

The program, which received little attention after it was announced on a Pentagon website in October, is part of Washington’s broader efforts to jumpstart US production of critical minerals used in weapons manufacturing and the energy transition.

US output lags market leader China partly because attempts to build new American mines can be heavily influenced by commodity price swings.

The Pentagon’s work is being run by its Defense Advanced Research Projects Agency (DARPA) division, which was formed in response to the Soviet Union’s 1957 launch of the Sputnik 1 satellite and helped develop the Internet and the mRNA vaccine for Covid-19.

DARPA and the US Geological Survey plan to hire one or more private contractors to develop an artificial intelligence-backed model that would construct a metal’s “structural price” based on where and when it is produced, as well as labor, supply and other costs, according to documents seen by Reuters that describe the program, including a slide deck that DARPA presented last November to prospective contractors.