Tag Archives: news

#Nigeria to open two #Chinese-backed #Lithium processing plants this year

Note: Canada is a resource-rich country. Canada does not have to go to another continent for critical mineral. Canada needs investment and technology development (refining and recycling). Bring the investment to Canada.

LAGOS, May 26 (Reuters) – Nigeria is set to commission two major lithium processing plants this year, the country’s mining minister announced on Sunday, marking a shift from raw mineral exports towards adding value domestically.

The facilities, largely funded by Chinese investors, could help transform Nigeria’s vast mineral wealth into jobs, technology, and manufacturing growth within the country. Mining Minister Dele Alake said a $600 million lithium processing plant near the Kaduna-Niger border is slated for commissioning this quarter, while a $200 million lithium refinery on the outskirts of Abuja is nearing completion. Two additional processing plants are expected in Nasarawa state, which borders the capital Abuja, before the third quarter of 2025, the minister said. “We are now focused on turning our mineral wealth into domestic economic value – jobs, technology, and manufacturing,” Alake said. Over 80% of the funding for the four facilities has been provided by Chinese firms, including Jiuling Lithium Mining Company and Canmax Technologies, according to separate announcements by governors of the states where the plants are located.

Read more at: https://www.reuters.com/business/energy/nigeria-open-two-chinese-backed-lithium-processing-plants-this-year-2025-05-26/

Yes, Canada is considered a resource-rich country. It has abundant natural resources, including:

  1. Energy Resources:
    • Oil and Natural Gas: Canada has some of the largest reserves of oil in the world, particularly in the oil sands of Alberta. It is a major exporter of oil and natural gas, especially to the United States.
    • Hydroelectric Power: Canada is a leader in hydroelectricity production, with large dams and water resources, especially in provinces like Quebec and British Columbia.
  2. Minerals and Metals:
    • Gold, Silver, and Platinum: Canada has significant reserves of precious metals, making it one of the largest producers of gold and other precious metals.
    • Nickel, Copper, and Zinc: The country is a leading producer of these metals, which are essential for various industries, including manufacturing and electronics.
    • Uranium: Canada is one of the world’s top producers of uranium, used in nuclear power generation.
  3. Forests:
    • Canada has vast forest resources, making it one of the largest producers of timber and paper products. The forest industry is especially important in provinces like British Columbia and Quebec.
  4. Agricultural Resources:
    • Canada is a major producer of wheat, canola, and other crops. It also has extensive livestock farming, including cattle and poultry.
  5. Freshwater:
    • Canada holds around 20% of the world’s freshwater supply, making it an important resource for both domestic use and potential global trade.

These resources contribute significantly to Canada’s economy, especially through exports, and help maintain its position as one of the world’s wealthiest nations in terms of natural wealth

Why #Greenland? not #Mountainpass, #California for #RareEarth elements?

North Americans and Europeans need reliable processes to refine both light and heavy rare earth metals.

The processes currently available in North American and Europe to refine light and heavy rare earth elements do not meet the economic and environmental standard.

Prior to going into mining in unexplored part of the world:

1. We need immediate research and development to improve the existing technologies.

2. Build refineries in the existing mines with infrastructure using developed technologies.

3. Take the price control of the Rare Earth Elements by tariffs or other means until the local refineries optimize the refining processes and operating cost.

We do not want to send the concentrate to another country to do final refining.

Process Development:

“Two different rare earth elements may be fractions of an angstrom different in diameter — that means it’s very difficult to separate using physical means. The processes that are used right now … can be 100 steps,” Chrisey said, also noting that the procedure can be very expensive and environmentally hazardous due to the chemicals used to separate and purify the metals.

U.S. Begins Forging Rare Earth Supply Chain

Molycorp was struggling to stay solvent. Those new innovative technologies? They didn’t generate significant revenue or work as designed. By 2013, the company’s revenues were in free fall.

Molycorp’s most profitable assets being transferred to Chinese-linked Neo Materials, where he formerly served as CEO. Molycorp’s final remaining husk declared bankruptcy in 2014. Unsurprisingly, the majority of Neo Materials’ revenue-producing operations are now in China. To make matters worse, the Mountain Pass mine was purchased out of bankruptcy by a consortium that included a Chinese-owned firm.

Mountain Pass was now sending U.S.-mined rare earth concentrate to China for processing. The dream of a one-stop American rare earths solution was over, and the private sector had little appetite for reviving it.

Crucial innovation is also needed to break China’s stranglehold on the sector without sacrificing environmental quality, industry analysts said, with concerns over current processes’ toxic waste impeding projects.

The collapse of American rare earth mining — and lessons learned

Technical complexities, partnership strains and pollution concerns are hampering companies’ ability to wrest market share away from China, which according to the International Energy Agency controls 87% of global rare earths refining capacity.

Late last year, U.S.-based MP said it was commissioning refining equipment near its California mine as part of an intricate calibration process that has so far not succeeded, leaving the company reliant on China for refining and thus nearly all of its revenue. 

https://www.reuters.com/markets/commodities/world-battles-loosen-chinas-grip-vital-rare-earths-clean-energy-transition-2023-08-02/

Rare Earth Reserve:

1.China – Rare earths reserves: 44 million metric tons

2. Brazil – Rare earths reserves: 21 million metric tons

3. India – Rare earths reserves: 6.9 million metric tons

4. Australia – Rare earths reserves: 5.7 million metric tons

5. Russia – Rare earths reserves: 3.8 million metric tons

6. Vietnam – Rare earths reserves: 3.5 million metric tons

7. United States – Rare earths reserves: 1.9 million metric tons

8. Greenland – Rare earths reserves: 1.5 million metric tons

https://investingnews.com/daily/resource-investing/critical-metals-investing/rare-earth-investing/rare-earth-reserves-country/

The town of Mountain Pass, California, is home to the largest rare-earth element mine in the U.S. Its story began in the 1940s, when prospectors went searching for uranium.

https://earthobservatory.nasa.gov/images/151085/mountain-pass-rare-earth-mine

 The U.S. contains potential sources for many of them, and powerful voices in politics and business insist that the country must exploit them. But despite skyrocketing demand for the energy-critical elements, would-be domestic producers just can’t compete with global forces. This then is a story of comprehensive failure — but not the obvious one. Molycorp’s impending demise reflects failure by politicians and the media to understand how weak China’s grip on the metals market really is, and failure by Wall Street to understand the most basic dynamics of supply and demand, and failure by Silicon Valley to distinguish between hype and hard numbers.

Why rare-earth mining in the West is a bust – High Country News

Price Control:

China’s refining expertise has allowed the country to engineer rare earths prices at different stages in the processing chains to its advantage, including low prices for finished products, to inhibit foreign competition.

Beijing for years has allowed imports of lightly processed rock known as rare earths concentrate for refining. The strategy helps ensure prices that incentivize other countries to dig new mines but not build processing plants.

https://www.reuters.com/markets/commodities/world-battles-loosen-chinas-grip-vital-rare-earths-clean-energy-transition-2023-08-02/

China plans to prohibit non-state companies from mining rare earths, further tightening its control over a strategic sector that has emerged as a battleground in its trade war with the US. The government said only large state-owned groups can mine, smelt or separate the minerals and proposed banning private firms from the activities, according to draft rules issued by the Ministry of Industry and Information Technology.

https://www.bloomberg.com/news/articles/2025-02-19/china-to-tighten-grip-on-rare-earth-mining-for-non-state-firms

#China to regulate #Lithium-ion battery industry amid fast expansion

China’s Ministry of Industry and Information Technology on Wednesday issued new guidelines for its lithium-ion battery industry, aiming to transform, upgrade and promote high-quality development amid rapid expansion in the sector.

The guidelines, following a proposal in May, will help firms scale back manufacturing projects that only expand production capacity, while enhancing technology innovation and product quality and trimming output costs, the ministry said.

Projects built on farmland and ecological zones would be required to be shut down, or strictly reined in and gradually removed.

Rapid expansion of production capacity along the lithium battery supply chain has led to a plunge in prices for products, including battery and raw materials, eroding companies’ profits in the world’s biggest market.

Industry planning and launch of new projects should be in line with national development of resources, ecological protection and energy saving management, the ministry said.

Read more at: https://www.reuters.com/markets/commodities/china-regulate-lithium-ion-battery-industry-amid-fast-expansion-2024-06-19/