#Forbes: 4 Reasons The Developed World Is In Big Trouble With Critical Minerals

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The world’s richest countries are realizing how poorly equipped they are to access the critical minerals needed for emerging technologies, especially renewable energy, energy storage, electrification, and smart devices.

But they may not yet realize the implications, according to Michelle Michot Foss, the fellow in energy and minerals at Rice University’s Baker Institute, including disruption of the falling cost curves that advocates of renewables and storage love to display.

“We’re in a very slow realization… that the US and and the OECD in general are not very well positioned on all of this,” Foss said this month during a Baker Institute conference on the energy transition. “We barely have a mining industry in the U.S. today versus when I was a young professional starting out.”

Read more at: https://www.forbes.com/sites/jeffmcmahon/2019/10/24/4-reasons-the-developed-world-is-in-big-trouble-with-critical-minerals/#6716cc0540f4

Ucore Announces Team for Heavy #REE SX Plant Design & #US Federal Funding

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Halifax, Nova Scotia– Ucore Rare Metals Inc. has finalized a project-specific advisory team for the purpose of designing its heavy rare earth element (“HREE”) solvent extraction plant and processing capabilities in Southeast Alaska (the “SX Plant”), and with respect to its forthcoming anticipated proposal for near term U.S. Government funding.

Read more at: https://finance.yahoo.com/news/ucore-announces-team-heavy-ree-140800167.html

Traders Are Rushing #Nickel Out of #China to Capture LME Profits

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Traders are moving nickel stockpiles from China to other Asian warehouses to capture hefty profits by delivering to the London Metal Exchange.

At least 15,000 tons of refined nickel left bonded warehouses in China since September, according to traders and logistic managers with knowledge of the matter. The inventory is on its way to LME storage facilities in Taiwan, Malaysia and Singapore, said the people, who asked not to be identified as the information is private.

The metal that’s set to reach LME warehouses is another example of the convulsions within the nickel market after Indonesia promised to ban raw-ore exports next year, unleashing a panic over possible shortages. In the past month, about half of all the nickel in LME warehouses has been withdrawn and spot contracts have traded at the biggest premium to futures in 12 years, in a condition known as backwardation.

Read more at: https://www.bloomberg.com/news/articles/2019-10-17/traders-are-rushing-nickel-out-of-china-to-capture-lme-profits

#NobelPrize in Chemistry Honors Work on #Lithium-Ion Batteries

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John B. Goodenough, M. Stanley Whittingham and Akira Yoshino were jointly awarded the Nobel Prize in Chemistry for their development of lightweight lithium-ion batteries, the Royal Swedish Academy of Sciences announced on Wednesday in Stockholm.

Read more at: https://www.nytimes.com/2019/10/09/science/nobel-prize-chemistry.html

Researchers in #Canada develop million-mile #Lithium-ion battery

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A group of scientists led by Jeff Dahn, a professor at Canada’s Dalhousie University and a research partner with Tesla, published a paper in the Journal of The Electrochemical Society where they present the concept of a new battery able to power an electric vehicle for over one million miles.

The battery, thus, could make Tesla’s robot taxis and long-haul electric trucks viable. It is also expected to last at least two decades in grid energy storage.

The power cell uses a nickel-rich alloy for its cathode. The alloy contains 50% nickel, 20% cobalt, and 30% manganese and is considered to be very stable.

Read more at: https://www.mining.com/researchers-in-canada-develop-million-mile-lithium-ion-battery/

#US – #China #TradeWar – Nine countries join US strategic minerals initiative

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(Reuters) – The United States on Thursday said nine countries have joined its initiative to help discover and develop reserves of minerals used to make electric vehicles, part of an effort to cut the world’s reliance on China for the high-tech materials.

Secretary of State Mike Pompeo on Thursday met with foreign ministers from the nine countries on the sidelines of the United Nations General Assembly in New York.

The countries joining the United States include Australia, Botswana, Peru, Argentina, Brazil, Democratic Republic of the Congo, Namibia, the Philippines and Zambia.

Under the Energy Resource Governance Initiative (ERGI) announced in June, the United States will share mining expertise with member countries to help them discover and develop their minerals such as lithium, copper and cobalt, as well as advise on management and governance frameworks to help ensure their industries are attractive to international investors.

Read more at: https://www.reuters.com/article/us-usa-minerals-china/nine-countries-join-u-s-strategic-minerals-initiative-idUSKBN1WB2VP

Better Mining of Energy Minerals Sought in #US Backed Effort

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The move, spearheaded by the department’s Bureau of Energy Resources, aims to lay the groundwork for cleaner mining of the minerals that will be crucial components in shifting to a greater reliance on renewable energy. That includes solar cells wind turbines and the batteries that will power the 130 million electric vehicles projected to be on the road in 2030, up from 5 million today.

“There’s this incredible bottom-up demand but that has incredible stressors on the demand for the minerals that allow those products to exist,” Francis Fannon, the U.S. assistant secretary of state for energy resources, said in an interview. “As clean and green as any technology is, it requires really big shovels at the beginning of their life cycles.”

Read more at: https://www.bloomberg.com/news/articles/2019-09-26/better-mining-of-energy-minerals-sought-in-u-s-backed-effort

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