#WSJ – At #UnitedNations, #China’s #Xi Commits to Stop Building #Coal Plants Abroad

Beijing has been criticized by the U.S. and environmental groups over projects adding to pollution in developing countries.

Chinese President Xi Jinping on Tuesday said Beijing would stop building coal-fired power plants abroad, in a public commitment to redirect the country’s huge engineering industry away from adding to a source of global pollution.

Beijing has faced pressure from the U.S., the European Union and environmental groups for having continued to finance and build coal-fired power plants in many developing countries, even as it said it would cut greenhouse emissions at home.

Read more at: At U.N., China’s Xi Commits to Stop Building Coal Plants Abroad – WSJ

#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

#China may align itself with Taliban and try to exploit #Afghanistan’s rare earth metals, analyst warns

Afghanistan is estimated to have trillions of dollars worth of rare earth metals, and countries — such as China — that may be looking to swoop in on the country must follow international terms, one analyst told CNBC.

Shamaila Khan, director of emerging market debt at AllianceBernstein, said the Taliban insurgents have emerged with resources that are a “very dangerous proposition for the world,” with minerals in Afghanistan that “can be exploited.”

Read more at: China may align itself with Taliban and try to exploit Afghanistan’s rare earth metals: analyst (cnbc.com)

#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

#BHP Swoops on #Canadian #Nickel Miner #Noront, Trumping Forrest

BHP Group agreed to buy Noront Resources Ltd. to add a nickel project in Canada, trumping a bid by Australian mining magnate Andrew Forrest, as the world’s biggest miner accelerates its push into metals poised to benefit from the green-energy transition.

BHP is increasingly gearing its portfolio toward so-called commodities of the future, as investors put greater weight on resource companies’ environmental credentials. The company is in the process of exiting thermal coal and is considering getting out of oil and gas.

At the same time, it’s putting greater emphasis on metals like copper and nickel, needed to support the green revolution. Last week it sealed a nickel supply agreement with Tesla Inc. and is expected to sanction a giant potash project later this year.

Read more at: BHP Swoops on Canadian Nickel Miner, Trumping Forrest – Bloomberg

#Reuters: Booming stainless steel output to sustain #nickel prices for months

Healthy demand from stainless steel mills and electric vehicle battery makers is expected to underpin nickel prices over coming months, but rising supplies from top producer Indonesia are likely to weigh next year.

Benchmark nickel prices on the London Metal Exchange, at $19,500 a tonne, are up more than 20% since April and at their highest since February.

Read more at: Booming stainless steel output to sustain nickel prices for months | Reuters

#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/

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