Canada and South Korea Enhance Cooperation on Critical Mineral Production
With the global demand for critical minerals increasing, Canada and South Korea are working together to enhance cooperation on critical minerals production. Both countries have identified potential opportunities to collaborate in the development of new projects, technologies, and markets for these minerals. What Are Critical Minerals?Critical minerals are those that are necessary for technological advancement […]
Clean energy sets $1.1 trillion record that’s bound to be broken
Originally posted on Mining.com Last year was a double milestone for decarbonizing the world’s energy system. It was the first year when investment in the energy transition equaled global investment in fossil fuels, according to the latest data release from clean energy research group BloombergNEF. The money flowing into the upstream, midstream and downstream segments […]
‘Timing is right’ for NWT to harness critical minerals boom, says minister
Originally posted on Mining.com Aerial view of Nechalacho rare earths mine pit. (Image courtesy of Vital Metals.) Canada’s Northwest Territories is positioned to capitalize on the coming critical minerals supply crunch, says the territory’s Industry, Tourism and Investment minister Caroline Wawzonek. The territory, perhaps best known for its initial gold rush of the 1800s and […]
Graphite is Poised to be the Next Lithium
In recent years, lithium has been all the rage in the energy industry. However, there’s a new mineral on the rise that could soon eclipse lithium in popularity—graphite. The black rock-like mineral has become increasingly sought after due to its ability to store and transmit energy more efficiently than many other minerals. Let’s take a […]
Copper Producers Benefit from the Surging Molybdenum Price
Copper producers are enjoying a new year rally due to the surging molybdenum price. As one of the most widely used critical minerals, molybdenum is a key component in steel production and industrial activity. It also plays an important role in copper ore extraction. With demand soaring and prices following suit, investors incopper producers are […]
Canada moves to mandate electric vehicle sales starting in 2026
Originally posted on Ctvnews.ca One-fifth of all passenger cars, SUVs and trucks sold in Canada in 2026 will need to run on electricity under new regulations Environment Minister Steven Guilbeault proposed Wednesday. By 2030, the mandate will hit 60 per cent of all sales and by 2035, every passenger vehicle sold in Canada will need […]
Cobalt ends year on volatile note; some long-term negotiations drag on: 2023 preview
Originally posted on Fastmarkets.com Source: Fastmarkets, Cobalt standard grade, in-whs Rotterdam, $/lb Volatility was one of the main themes for cobalt prices in 2022 and market participants will take a wait-and-see approach toward long-term supply contracts in the coming year. Supply tightness, geopolitics and logistics constraints pushed prices to record highs in the first half […]
Study Says Vanadium Redox Flow Batteries Have a Smaller Carbon Footprint Compared to Lithium-ion Batteries
Originally Posted on copperbeltkatangamining.com A life-cycle assessment (LCA) study executed by the independent consulters Denkstatt, Vienna, for Enerox / CellCube, reveals that Vanadium Redox Flow Batteries excel with a highly favorable environmental footprint for large-scale energy storage solutions compared to lithium-ion battery technology. Battery energy storage systems (BESS) are important puzzle pieces of the energy […]
Japanese delegation to visit Canada to meet with battery, mining companies
Originally posted on Reuters.com Japan’s Prime Minister Fumio Kishida looks on during his meeting with Canada’s Prime Minister Justin Trudeau 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 […]
Tesla turns up heat on rivals with global price cuts
Originally posted on Reuters.com Tesla Inc (TSLA.O) has slashed prices globally on its electric vehicles by as much as 20%, extending an aggressive discounting effort and challenging rivals after missing Wall Street delivery estimates for 2022. The move marks a reversal from the automaker’s strategy over the last two years when new vehicle orders exceeded […]