#Japanese delegation to visit #Canada to meet with battery, mining companies

Canada’s Prime Minister Justin Trudeau and Japanese Prime Minister Fumio Kishida arrive to a joint news conference in Ottawa, Ontario, Canada January 12, 2023. REUTERS/Blair Gable

Japan will send a delegation to meet with Canadian battery and mining companies early this year, while Canada is planning a trade mission to Japan later in October, the leaders of both countries announced on Thursday after meeting in Ottawa.

As this year’s host of the Group of Seven (G7), Japanese Prime Minister Fumio Kishida came to Canada to meet Canadian Prime Minister Justin Trudeau before continuing onto Washington, where he will sit down with U.S. President Joe Biden on Friday.

“This spring, we’re… looking forward to hosting an important business delegation from Japan,” Trudeau said. “They’re planning to be meeting with Canadian battery and mining companies and potential partners.”

Read more at: https://japantoday.com/category/politics/japanese-delegation-to-visit-canada-to-meet-with-battery-mining-companies

Huge rare earth metals discovery in Arctic #Sweden

No rare earths are mined in Europe at the moment and a Swedish minister hailed the find as a way of reducing the EU’s dependence on China.

The discovery is also being seen as “decisive” for the green transition, given the expected rise in demand for electric vehicles and wind turbines.

Some 98% of rare earths used in the EU in 2021 were imported from China.

Over one million tonnes are reported to have now been found in Sweden’s far north.

Read more at: https://www.bbc.com/news/world-europe-64253708

#India’s foray into the #EV battery market lacks some key ingredients

As the world tries to wean itself off dependence on China for crucial battery materials, India is taking bold steps to position itself as an alternative in the electric vehicle supply chain.

The government has unveiled incentives of at least $3.4 billion to expedite its lagging adoption of EVs as Prime Minister Narendra Modi vows to reach net zero by 2070. The idea is that manufacturing the costliest component — batteries — locally will make the end product more affordable for the mass market and set the country up as a potential exporter, tapping into surging global demand.

The initiatives have piqued the interest of billionaires like Mukesh Ambani, whose Reliance Industries Ltd. is building an EV battery facility as part of a broader $76 billion push into clean energy. Ambani’s is among three companies, including scooter-maker Ola Electric Mobility Pvt. and bullion refiner Rajesh Exports Ltd. set to receive incentives under a $2.3 billion program to support advanced battery cell development.

With gigawatt-scale manufacturing facilities planned, India could carve out a role as an exporter of lithium-ion cells to European and American markets, said Rahul Prithiani, senior director for energy, sustainability and commodities at Crisil Ltd., the local analytics unit of S&P Global. “But for this, India needs to secure robust supply chains along with recycling capabilities,” he said.

Read more at: https://www.mining.com/web/indias-foray-into-the-ev-battery-market-lacks-some-key-ingredients/

#Vale And #GM Sign Long-Term Nickel Supply Agreement In #Canada

TORONTO and DETROIT – Vale Canada Limited, a subsidiary of Vale S.A., and General Motors Co. (NYSE: GM), announced today they have signed a term sheet for the long-term supply of battery-grade nickel sulfate from Vale’s proposed plant at Bécancour, Québec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S. free-trade partner to support its fast-growing EV production needs in North America.

Under terms of the agreement, Vale will supply battery-grade nickel sulfate, equivalent to 25,000 metric tons per year of contained nickel, for use in GM’s Ultium battery cathodes, which will power a broad portfolio of electric vehicles including the Chevrolet Silverado EV, Blazer EV and Equinox EV, the Cadillac LYRIQ, the GMC Sierra EV, and the GMC HUMMER EV Pickup and SUV. The amount of contained nickel is sufficient to supply approximately 350,000 EVs annually. Deliveries are targeted to commence in the second half of 2026.

Read more at: https://www.michiganbusinessnetwork.com/blog/vale-and-gm-sign-long-term-nickel-supply-agreement-in-canada

Electric vehicle sales are racing ahead, but is there a plan for the waste they create?

There’s a new venture taking place in a large, nondescript warehouse in Kingston, Ont.: Lithium-ion battery recycling. And it could be an important component of Canada’s net-zero future.

The facility, owned by Canadian startup Li-Cycle, houses stacks of depleted lithium-ion batteries that not long ago would have been destined for a landfill. The company is giving them new life — recycling the batteries that power most electric vehicles, phones and laptops.

Read more at: https://www.cbc.ca/news/business/electric-vehicle-battery-recycling-1.6695010

East-West battleground will shift from fossil fuels to metals

The global trade war will shift from fossil fuels to metals and raw materials. Russia’s invasion of Ukraine highlighted the risk of relying on autocratic states for energy. Even if Europe’s gas crisis eases, Western manufacturers’ focus will switch to reducing China’s dominance in materials key to a cleaner economy.

Europe needs to cumulatively spend $5.3 trillion on clean energy projects by 2050. That requires a sixfold increase in the global production of copper, lithium, graphite, nickel and some rare earths by 2040, International Energy Agency estimates show. Yet China dominates the processing, and to a lesser extent the extraction, of many critical industrial ingredients. It refines 58% of lithium produced globally, 65% of cobalt and over one-third of nickel and copper. Ostracised Russia is also big in nickel, palladium and cobalt. Europe, which imports between 75% and 100% of most metals, looks particularly vulnerable.

In response, Western companies can strike deals with suppliers in friendly countries, open mines at home, or boost recycling. The first approach is the fastest and is underway. In 2022 carmakers have ramped up partnerships with mines and invested directly in mining projects. General Motors took a stake in Australia’s Queensland Pacific Metals to secure nickel and cobalt for green SUVs.

Read more at: https://www.reuters.com/breakingviews/east-west-battleground-will-shift-metals-2022-12-23/

#US must disconnect strategic supply chains from #China, say experts

China’s dominance over the supply of rare-earth minerals and other materials—which are critical for energy transition and defense technologies—should spur U.S. policymakers to bolster raw materials supply chains, according to a new report from Rice University’s Baker Institute for Public Policy.

The China Rare Earth Group, a merger of three of China’s state-owned enterprises into one mega-conglomerate, controls of up to a quarter of global mineral-bearing rare-earth elements (REE). Combined with China’s overall dominance in rare-earth minerals and materials—roughly 60% of world production—the merger grants Chinese central planners significant pricing power and influence over world supply, explain co-authors Michelle Michot Foss and Jacob Koelsch.

The authors argue that the U.S. and its allies must divorce strategic industries from Chinese REE.

Read more at: https://phys.org/news/2022-12-disconnect-strategic-chains-china-experts.html

Raw #Lithium Exports Banned in #Zimbabwe as Demand and Prices Soar

(Bloomberg) — Zimbabwe has banned the export of unprocessed raw lithium with immediate effect as part of efforts to have the key raw material in electric-vehicle batteries processed locally.

“No lithium bearing ores, or unbeneficiated lithium whatsoever, shall be exported from Zimbabwe to another country” without written permission, an order issued by Mines Minister Winston Chitando states.

Mining companies that are building processing plants will be excluded from the directive, Deputy Mines Minister Polite Kambamura said by phone on Tuesday.

Lithium has been on a tear, surging more than 1,100% to a record in the past two years, as supply has struggled to keep up with rampant demand. Rio Tinto Group predicts half of all car sales could be EVs by 2030, up from 9% last year, and mining companies have been scouring the world for opportunities to bring on new supplies.

Read more at: https://finance.yahoo.com/news/raw-lithium-exports-banned-zimbabwe-151918459.html

#Nickel Tycoon Plans New Plant to Avoid Future #LME Short Squeezes

The tycoon at the center of this year’s nickel crisis is building a new plant for metal that can be delivered on the London Metal Exchange — a move that signals his intention to keep trading on the embattled LME while seeking to avoid being caught out by short squeezes in the future.

Tsingshan Holding Group Co., the giant metals company owned by billionaire Xiang Guangda, is the world’s largest nickel producer. However, the intermediate forms of nickel it produces for the stainless-steel and battery industries can’t be delivered against contracts on the LME, which only accepts refined metal.

Read more at: https://www.bloomberg.com/news/articles/2022-12-19/nickel-tycoon-plans-new-plant-to-avoid-future-lme-short-squeezes?leadSource=uverify%20wall

#Jervois selects AFRY for #Finnish #Cobalt refinery expansion

Finnish cobalt products supplier Jervois has selected Sweden-based engineering firm AFRY to provide basic engineering for the cobalt refinery expansion project in Finland.

AFRY will also be responsible to lead environmental permitting, including a public Environmental Impact Assessment (EIA) coordination and undertaking the Bankable Feasibility Study (BFS) for the expansion of Jervois’ cobalt refinery at Kokkola Industrial Park.

Basic engineering and the associated BFS will help Jervois to take the final investment decision for the expansion project.

Read more at: https://www.mining-technology.com/news/jervois-afry-finnish-cobalt/

« Older Entries Recent Entries »