Volkswagen and Mercedes-Benz Partner With Canada On Battery Metals Push
Volkswagen and Mercedes-Benz have recently announced a partnership with the Canadian government to invest in battery metals. This is an important step forward for both automotive companies, as it will allow them to become more sustainable byreducing their reliance on fossil fuels. The partnership seeks to create new jobs, reduce emissions, and increase the use […]
‘A new industrial age’: The coming renewable-energy boom
Originally posted on Aljazeera.com Steam rises from the coal-fired power plant near wind turbines in Niederaussem, Germany [File: Michael Probst/AP] The world is at the “dawn of a new industrial age” of clean energy technology manufacturing that will triple in value by 2030 and create millions of jobs, according to the International Energy Agency (IEA). […]
The world is entering a new age of clean technology manufacturing, and countries’ industrial strategies will be key to success
Originally posted on iea.org Energy Technology Perspectives 2023 highlights major market and employment opportunities, as well as the emerging risks, for countries racing to lead the clean energy industries of today and tomorrow The energy world is at the dawn of a new industrial age – the age of clean energy technology manufacturing – that […]
Metals prices could spike with markets so tight, Trafigura says
Originally posted on Miningweekly.com Trafigura CEO Jeremy Weir Geopolitical shocks could trigger a surge in metals prices because the market has never been tighter, according to Trafigura Group. “We could be pushed into extreme price levels,” Jeremy Weir, the commodity trader’s chief executive officer, said at a mining conference in Saudi Arabia. “We need to […]
Molybdenum Market Forecast: Top Trends That Will Affect Molybdenum in 2023
Originally posted on Investingnews.com After remaining relatively flat in the first half of 2022, molybdenum prices took an upward turn in the year’s final quarter. About 80 percent of the molybdenum that is mined each year is used to make stainless steel, cast iron and superalloys. Strong demand from China paired with supply constraints supported […]
Molybdenum – securing a domestic supply of the vital but underappreciated mineral
Originally posted on Investorintel.com Element 42 on the periodic table is Molybdenum (Mo), commonly referred to in the industry as the easier to pronounce moly. Most of the world’s moly production comes as a byproduct from copper or tungsten mining. Most people know it as a lubricant. The main use of moly is in steel […]
Tesla files for $776 mln expansion of Texas Gigafactory
Originally posted on Reuters.com A view shows the Tesla logo on the hood of a car in Oslo, Norway November 10, 2022. REUTERS/Victoria Klesty Tesla (TSLA.O) has applied to expand its gigafactory in Texas with an investment totaling $775.7 million, government filings showed, marking one of its largest expansion drives since setting up the $5.5 […]
Surging molybdenum price adds weight to new year rally for copper producers
Originally posted on Mining.com Euhedral, hexagonal molybdenite on quartz, from Molly Hill mine, Quebec, Canada. The large crystal is 15mm across. Image: John Chapman, Creative Commons Copper prices started the new year with a bang – touching fresh six-month highs on Tuesday. Copper for delivery in March touched $4.0795 per pound or just shy of […]
Investors look for green ways to cash in on battery metals boom
Originally posted on Financialpost.com A worker displays nickel ore in a ferronickel smelter owned by state miner Aneka Tambang Tbk at Pomala district, Indonesia. PHOTO BY YUSUF AHMAD/REUTERS/FILE PHOTO Tainted by decades of environmental disasters, shattered communities and ravenous water consumption, mining companies — including those that dig up battery metals — are not traditional […]
Electric Vehicles Surpass Phones as Top Driver of Cobalt Demand
The rise of electric vehicles and their growing demand for battery-generated power is dramatically altering the market for a key component of these vehicles, cobalt. According to a new report published by CRU Research, the usage of cobalt in batteries for EVs will surpass that of phones as the primary driver behind demand for this […]