Category Archives: Energy

#Biden administration says #SolarEnergy has the potential to power 40% of #US electricity by 2035

(CNN) A new blueprint from the Biden administration shows how solar energy could play a massive role in transitioning the United States’ power sector to clean energy, and achieve the President’s ambitious goals to decarbonize the US economy.

The Solar Futures Study from the Department of Energy, released Wednesday, shows that by 2035, solar energy has the potential to power 40% of the nation’s electricity and employ as many as 1.5 million people — without raising electricity costs for consumers.

Read more at: Solar energy has the potential to power 40% of US electricity by 2035, new DOE report shows – CNNPolitics

#Nickel hits highest since 2014 as stockpiles dwindle

LONDON, Sept 9 (Reuters) – Nickel prices rose to their highest since 2014 on Thursday as strong demand eats into stockpiles held in the London Metal Exchange (LME) warehouse system.

Benchmark LME nickel CMNI3 was up 2.2% at $20,150 a tonne at 1100 GMT after touching $20,255, its highest since May 2014.

“The demand side is pretty robust (and) supply is tight because of earlier lockdowns, particulary in places like Indonesia,” said independent analyst Robin Bhar.

“We’ve seen LME and Shanghai stockpiles being drawn down as a result,” he added, predicting that nickel would rise above its 2014 peak of $21,625.

Read more at: METALS-Nickel hits highest since 2014 as stockpiles dwindle | Nasdaq

#Tesla implements blockchain pilot for sustainable sourcing of #cobalt in #DRC

Tesla, the United States-based manufacturer of electric vehicles (EVs), is implementing a blockchain solution for end-to-end cobalt traceability in partnership with Glencore, China Molybdenum (CMOC) and Eurasian Resources Group (ERG), Glencore announced in a press release dated Thursday August 12.The Re|Source blockchain platform that Tesla is piloting was founded by Glencore, CMOC and ERG, and was launched in 2019. It was later joined by Umicore, and backed by Norilsk Nickel and Johnson Matthey. The Responsible Minerals Initiative (RMI) and the Cobalt Institute (CI) have also joined as strategic advisers.


The Re|Source platform is intended to develop a blockchain solution for the tracing of cobalt used in EV batteries, ensuring that they are sustainably sourced, and allowing users to account for and verify the origin of each unit.

Read more at: Tesla implements blockchain pilot for sustainable sourcing of cobalt in DRC | Metal Bulletin.com

#Reuters: Metals recycling to be a key plank for cutting emissions.

Analysts at Wood Mackenzie estimate an additional 360 million tonnes of aluminium, 90 million tonnes of copper and 30 million tonnes of nickel will be needed over the next 20 years under a scenario that limits global warming to less than 2˚C.

Consumer awareness of carbon emissions from the production of metals for the energy transition will eventually energise the recycling industry and stimulate searches for substitutes that could spoil the party for miners.

Read more at: https://www.reuters.com/business/environment/metals-recycling-be-key-plank-cutting-emissions-2021-07-15/

Vale Strike at #Canadian Mine Strains Battery #Nickel Supply

A strike at Vale SA’s Sudbury operations in Canada is taxing a nickel market that’s key to powering electric vehicles.

Sudbury is one of the world’s few producers of nickel pellet, a form used to produce alloys for aerospace, electronic and nuclear industries. Production at Vale’s northeast Ontario operation halted when unionized workers went on strike on June 1. The disruption is driving consumers to tap battery-grade nickel briquette as an alternative.

That shift is increasing competition for briquette, pushing up North American premiums, or extra charges consumers pay on top of nickel prices on the London Metal Exchange, as stockpiles of the metal dwindle. Inventories of briquette, the main form of nickel stored at LME warehouses, have fallen 9% since a peak in April and are now at the lowest in more than a year.

Read more at: https://www.bloomberg.com/news/articles/2021-06-29/strike-at-vale-s-sudbury-operation-strains-battery-nickel-supply

#Australia, #US and #Canada launch interactive map for critical minerals

MELBOURNE, June 29 (Reuters) – Australia said it has teamed up with the United States and Canada to launch an interactive map of deposits of rare earths and other critical minerals that are expected to be in hot demand as the world moves to cleaner forms of energy.

The website contains the world’s largest dataset of minerals such cobalt, lithium and rare earth elements and has more than 7,000 mineral samples from over 60 countries which could help identify new areas of critical minerals.

The data can be used by governments to identify options to diversify their critical minerals sources and by companies to better target their exploration strategies, Keith Pitt, the minister for resources, water and northern Australia, said in a statement.

Read more at: https://www.reuters.com/technology/australia-us-canada-launch-interactive-map-critical-minerals-2021-06-29/

#Sumitomo Metal sees global #nickel demand for battery use to rise 18% in 2021

TOKYO, June 29 (Reuters) – Global demand of nickel used in batteries is expected to rise 18% this year from 2020, backed by strong sales of electric-vehicles (EVs) in China, Sumitomo Metal Mining, Japan’s biggest nickel smelter, said on Tuesday.

Sumitomo Metal, which supplies cathode materials for Panasonic lithium ion batteries that are used in Tesla EVs, said demand of nickel used in rechargeable batteries will increase to 228,000 tonnes in 2021 from 193,000 tonnes in 2020.

Nickel is mainly used in stainless steelmaking, but is also a vital ingredient for the lithium-ion batteries used to power EVs, where demand is set to accelerate over coming years.

Read more at: https://www.reuters.com/business/autos-transportation/sumitomo-metal-sees-global-nickel-demand-battery-use-rise-18-2021-2021-06-29/

#Indonesia drawing plans to restrict nickel pig iron, ferronickel smelters

JAKARTA (Reuters) -Indonesia is considering a plan to restrict construction of smelters producing nickel pig iron or ferronickel in order to optimize use of its limited nickel ore reserves for higher-value products, a senior mining ministry official said on Thursday.

Indonesia is currently the biggest producer of the two crude metals, and a restriction on more smelters coming online could hit Chinese stainless steel producers who are among biggest customers for Indonesia’s relatively cheaper materials.

Read more at: https://www.reuters.com/article/indonesia-nickel/update-1-indonesia-drawing-plans-to-restrict-nickel-pig-iron-ferronickel-smelters-idUSL2N2O60EZ

#Glencore to Reopen One of World’s Biggest #Cobalt Mines in #Congo

(Bloomberg) — Glencore Plc could reopen its Mutanda Mining copper and cobalt project in Democratic Republic of Congo by the end of 2021, about two years after idling the mine.

Congo’s new mines minister, Antoinette N’Samba Kalambayi met with representatives from the Swiss company Monday to discuss the restart of the mine, which closed in November 2019, the ministry said in a statement sent to reporters. Mutanda “will start the commissioning of operations towards the end of this year in order to allow the return to production in 2022,” Glencore said in a separate emailed statement.

Read more at: https://finance.yahoo.com/news/glencore-reopen-one-world-biggest-202121574.html

#WSJ: U.S. Plans to Spend Big on Critical Minerals; Choosing Where Isn’t Easy

The U.S. has pumped millions of dollars into researching how to extract rare-earth minerals from abandoned coal fields, an approach some say won’t work. The Pentagon has invested in a U.S.-based rare-earth magnets manufacturer that sources many of its products from China. Canada has put money into a 21-year-old mining company that has never mined and handed an option to control its main asset to a business run by the chief executive’s son.

The U.S. and other Western governments are rushing to secure domestic supplies of materials including rare earths, lithium and boron, which are essential for growing technologies such as electric vehicles, satellites and wind turbines. They also want to develop the capability to process them.

The Senate this month approved a bipartisan, $250 billion bill to boost government spending on technology research and development to catch up with China, including funds for digging up and processing critical minerals at home and with allied nations.

Source: https://www.wsj.com/articles/u-s-plans-to-spend-big-on-critical-minerals-choosing-where-isnt-easy-11624186800

« Older Entries