Japan’s Mitsubishi Corp looks to invest in nickel, lithium projects
Originally posted on Reuters.com The signboard of Mitsubishi Corp is pictured at its head office in Tokyo, Japan August 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO, April 13 (Reuters) – Japanese trading house Mitsubishi Corp (8058.T) is looking to invest in nickel and lithium projects to meet growing demand for electric vehicle (EV) batteries, while boosting its […]
Canada’s budget measures brighten funding prospects for critical miners
Originally posted on Mining.com Canada’s move to expand the investment tax credit for mining companies to align it with policies in the United States is accelerating funding talks for critical miners, company executives told Reuters. Prime Minister Justin Trudeau’s government proposed a 30% investment tax credit for expenses related to the exploration of critical minerals […]
Canada is sitting on a critical minerals mother lode. But is it ready for the new gold rush?
Originally posted on Cbc.ca Drive two hours north of Ottawa, put on a hard hat and bright orange vest, descend into a pit — and you find yourself on the frontline in the fight to be part of the new, green economy. A mining project might not be what comes to mind when you think of […]
Federal government outlines $83B in clean economy tax credits in bid to compete with U.S. incentives
Originally posted on ctvnews.ca Serious money is heading for Canadian industries looking to reduce emissions after the federal government unveiled its answer to the U.S. Inflation Reduction Act. The spending commitments announced in Tuesday’s federal budget include tax credits for investments in clean electricity, clean-tech manufacturing, and hydrogen that together are expected to cost some […]
U.S. offers cash to Canadian critical minerals projects during Biden’s visit
Originally posted on cbc.ca There was a pot of gold at the end of President Joe Biden’s jaunt to Canada. It’s going to Canada’s mining sector. The U.S. military will deliver funds this spring to critical minerals projects in both the U.S. and Canada. The goal is to accelerate the development of a critical minerals industry […]
Canada budget to have tax credit for equipment used to produce EVs – sources
Originally posted on Mining.com Canada’s Foreign Minister Chrystia Freeland. Photo by Freeland’s press office Canada will introduce in its budget next week a 30% investment tax credit to boost clean-tech manufacturing, especially in the electric vehicle (EV) supply chain, two government sources familiar with the document said on Thursday. The tax credit for capital investments […]
Europe turbo charges its critical minerals drive
Originally posted on Mining.com The European Union has unveiled the accelerator in its drive to reduce the bloc’s import dependency for critical minerals and metals. The Critical Raw Materials Act (CRMA) “will significantly improve” Europe’s domestic extraction, processing and recycling capacity for metals such as lithium and rare earths, according to Ursula von der Leyen, […]
The impact of vehicle sizes on mineral demand in the EV market
Originally posted on Mining.com Source: Benchmark Mineral Intelligence As the electric vehicles (EV) market grows, a debate is developing about the amount of minerals needed to supply the demand for EV batteries. Following the US’ push for electrification with the Inflation Reduction Act, the European Union recently unveiled its Critical Raw Materials Act to “significantly […]
Prime Minister Trudeau and President Biden Joint Statement
Originally posted on pm.gc.ca Canada and the United States celebrate our progress under the Roadmap for a Renewed U.S.-Canada Partnership over the past two years and reaffirm our historic alliance, steadfast friendship, and commitment to overcome the daunting challenges of today and realize the full potential of the relationship in the future. Our enduring partnership […]
Vanadium Reserves by Country
Originally posted on Investingnews.com Vanadium reserves worldwide exceed 63 million MT, according to the US Geological Survey’s latest report on the metal.The industrial metal occurs in deposits of phosphate rock, titaniferous magnetite and uraniferous sandstone and siltstone. Significant amounts of vanadium can also be found in bauxite and carboniferous materials like coal, crude oil, oil […]