Archive | Battery Technology Innovation/Electric Vehicles

These Metals Are Soaring on a Green Frenzy and Global Recovery (Bloomberg News – February 19, 2021)

https://www.bnnbloomberg.ca/

(Bloomberg) — Industrial metal prices are powering to the highest in years on bets an economic recovery from the pandemic and worldwide push for cleaner, greener energy will unleash vast amounts of pent-up demand.

From base-metal bellwethers to essential inputs for batteries and home electronics, post-crisis consumption threatens to outstrip near-term supply.

Governments and companies globally are announcing net-zero emissions goals, Europe is rolling out a package of environmental initiatives as part of its growth plan, and President Joe Biden has pledged $400 billion on clean energy research and development over 10 years. Continue Reading →

Battery metals are critical over the next decade, Roskill says – by Carl A. Williams (Northern Miner – February 18, 2021)

Global mining news

The growing adoption of electric vehicles (EVs) is driving the increasing demand for lithium, nickel and cobalt – critical metals used as cathode materials for lithium-ion batteries in the automotive, energy and electronics industries.

According to Deloitte’s Electric Vehicle Trends, EV sales are forecast to grow from 2.5 million in 2020 to 11.2 million by 2025, and to 31.1 million by 2030. Analysts from Roskill, a commodity research firm and a leader in critical materials supply chains, provide an outlook on battery metals’ markets over the next decade.

Lithium

Global demand for lithium carbonate — one of two primary forms of lithium used in EVs — is expected to exceed one million tonnes of lithium carbonate equivalent (LCE) in 2026, according to David Merriman, an expert on EV and battery materials at Roskill. Continue Reading →

WORLD BANK NEWS RELEASE: Mineral Production to Soar as Demand for Clean Energy Increases (May 11, 2021)

 

For Report: https://bit.ly/3bl6pkb

The more ambitious climate targets, the more minerals needed for a clean energy transition

WASHINGTON, May 11, 2020 — A new World Bank Group report finds that the production of minerals, such as graphite, lithium and cobalt, could increase by nearly 500% by 2050, to meet the growing demand for clean energy technologies. It estimates that over 3 billion tons of minerals and metals will be needed to deploy wind, solar and geothermal power, as well as energy storage, required for achieving a below 2°C future.

The report “Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition” also finds that even though clean energy technologies will require more minerals, the carbon footprint of their production—from extraction to end use—will account for only 6% of the greenhouse gas emissions generated by fossil fuel technologies.

The report underscores the important role that recycling and reuse of minerals will play in meeting increasing mineral demand. It also notes that even if we scale up recycling rates for minerals like copper and aluminum by 100%, recycling and reuse would still not be enough to meet the demand for renewable energy technologies and energy storage. Continue Reading →

Li-Cycle rides excitement around surging EV sales with SPAC merger – by Gabriel Friedman (Financial Post – February 18, 2021)

https://financialpost.com/

Ajay Kochhar, co-founder and chief executive of Mississauga-based Li-Cycle Corp. sometimes refers to his company as akin to an urban miner — a subtle hint at how excitement around the electric vehicle industry is reshaping global industry.

His business involves shredding lithium-ion batteries, and separating out the metals inside — mainly lithium, cobalt, nickel and manganese — so they can be recycled for use in future electric vehicle or smartphone batteries.

On Tuesday, Li-Cycle announced a deal to combine with Peridot Acquisition Corp., a special purpose acquisition company or SPAC, which raised US$300 million in an initial public offering on the New York Stock Exchange in September. Continue Reading →

Nickel, graphite to benefit from explosive growth in battery storage market – by Richard (Rick) Mills (Kitco News – February 17, 2021)

https://www.kitco.com/

The challenges most countries are facing right now are daunting. Not only do they need to have a plan for recovering from covid-19, the supply chains that have been interrupted or broken by the virus have to be repaired.

On top of the covid crisis there is a climate crisis, and for lack of a better term, a “technology” crisis. Governments must make funding available for 5G networks so that businesses are not left behind as the world moves more into digitization and automation which require robust internet and cellular infrastructure.

The fossil-fueled based transportation system needs to be electrified, and the switch has to be made from oil, gas and coal-powered power plants to those which run on solar, wind and thorium-produced nuclear energy. If we have any hope of cleaning up the planet, before the point of no return, a massive decarbonization needs to take place. Continue Reading →

Explainer: Latin America’s Lithium Triangle – by Elizabeth Gonzalez (AS/COA.org – February 17, 2021)

https://www.as-coa.org/

The insatiable demand for the latest smartphone, along with a need to transition to clean energy, keeps driving demand for the lightest of metals.

Lithium, with its high electrical conductivity, is key to many rechargeable devices, such as cellphones, laptops, and energy storage systems, not to mention electrical vehicles, for which global sales are expected to rise 70 percent in 2021. All in all, the global lithium market is projected to quintuple over the next 35 years.

That bodes well for the countries of the Lithium Triangle—Argentina, Bolivia, and Chile—where 58 percent of the world’s identified lithium resources lies, per January 2021 data from the U.S. Geological Survey. Continue Reading →

Electric vehicles can drive more responsible mining – by Pius Ginting and Payal Sampat (China Dialogue Ocean – February 12, 2021)

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Pius Ginting is the coordinator of Aksi Ekologi dan Emansipasi Rakyat in Indonesia. Payal Sampat is the mining program director at Earthworks in the United States.

The ocean waters surrounding eastern Indonesia and Papua New Guinea lie within the biodiverse Coral Triangle, home to some of the world’s most highly concentrated – and endangered – coral reefs.

In addition to being globally significant ecological sites, the reefs supply habitat for several important commercial and subsistence fisheries central to local communities’ lives.

Meanwhile, the area’s nickel deposits are attracting the attention of electric vehicle manufacturers, which rely on batteries containing nickel and other minerals like lithium and cobalt. Nickel demand is expected to increase six-fold by 2030 and Indonesia, which is already the world’s largest nickel producer, is dramatically scaling up production to meet it. Continue Reading →

China’s 2020 refined nickel imports slump to 6-year low – by Andy Home (Financial Post – February 11, 2021)

https://financialpost.com/

LONDON — China has bailed out the copper and aluminum markets by importing record amounts of the rest of the world’s surplus metal. Not so the nickel market, however.

Chinese imports of refined nickel fell by 32% year-on-year to 130,700 tonnes in 2020. It was the lowest annual total since 2014.

This has not held back the London Metal Exchange (LME) nickel price, currently trading close to 17-month highs at $18,675 per tonne. Continue Reading →

EV metals index beats record by 54% as electric cars reach tipping point – by Frik Els (Mining.com – February 10, 2021)

https://www.mining.com/

The global vehicle market in 2020 had its worst year in decades. European sales were the lowest since 1985, 15% fewer cars left US showrooms and while the decline in China was in single digits, it was the third down year in a row for the world’s largest car market.

But 2020 turned out to be a breakthrough year for electric cars, particularly in the two largest markets. EU sales doubled to 1.3 million with penetration reaching a stunning 19% during the final quarter, just eclipsing sales figures in China for the year.

The MINING.COM EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world set a fresh monthly record of $512.2 billion in December, racing past the previous record and doubling from a year ago. Continue Reading →

Why GM’s switch to electric vehicles may be more important for the oilpatch than Keystone XL’s cancellation – by Tony Seskus (CBC News Business – February 10, 2021)

https://www.cbc.ca/news/business/

Comedian Will Ferrell smashed a globe with his fist, caught an arrow in his mouth and travelled to Sweden aboard a storage tanker on Sunday. And it had nothing to do with promoting another goofball buddy flick.

It was a Super Bowl commercial launched by General Motors as the largest U.S. automaker marked its newfound ambitions as an electric-carmaker. Less than two weeks ago, GM caught some people by surprise with its pledge to make the vast majority of the vehicles it produces electric by 2035.

Amid growing calls for action on climate change, some argue it has the potential to be transformative. And for the North American energy sector, particularly oil and gasoline producers, understanding the implications of the electric vehicle (EV) push just became that much more urgent. Continue Reading →

Tesla investment to position Indonesia as EV battery production hub – report – by Editor (Mining.com – February 8, 2021)

https://www.mining.com/

In December 2020, reports emerged that Tesla would send delegations to Indonesia in January to discuss potential investment in a supply chain for its electric vehicles.

On February 4, the Jakarta Globe reported that Tesla would submit a proposal to the Indonesian government for the establishment of a battery production facility in the country.

This is on the back of the automaker strive to secure nickel supplies for its larger 4680 cells that is planned to be used in future Tesla vehicles such as the Cybertruck and the Semi models. Continue Reading →

Meet the company that’s looking to mine lithium from Alberta’s old oil and gas wells – by Gabriel Friedman (Financial Post – February 5, 2021)

https://financialpost.com/

Extracted lithium from brine in old wells could find its way into batteries that power electric vehicles

Chris Doornbos, chief executive of Calgary-based E3 Metals Corp, looks at Alberta’s vast depleted oil and gas reservoirs and sees only opportunity.

His company is testing technology that, if successful, would extract lithium from the brine in old wells, which eventually could find its way into the batteries that power electric vehicles.

“It’s a big opportunity for the province because producing lithium is very similar to producing oil and gas,” said Doornbos, a geologist who previously worked for Suncor Energy Inc. Continue Reading →

Opinion: Decarbonisation will need more, better mining (MiningWeekly.com – February 5, 2021)

https://www.miningweekly.com/

In this opinion piece, SRK Consulting partner and principal consultant Andrew van Zyl reflects on some of the most prominent topics discussed at this year’s Investing in African Mining Indaba.

Mining remains a vital part of a low-carbon future, a fact that was confirmed by the topics prioritised at the recent Investing in African Mining Indaba’s virtual conference this week.

The message was clear: mining is part of the solution as the planet addresses climate change through a range of renewable technologies. Continue Reading →

President Biden to boost US mining, green energy metals – by Cecilia Jamasmie (Mining.com – January 20, 2021)

https://www.mining.com/

Joe Biden was sworn in as the 46th US president on Wednesday afternoon only a week after Donald Trump’s supporters, refusing to accept defeat, staged a deadly attack on the Capitol.

Biden used his inaugural address to call for unity and offer an optimistic message that Americans can get past the dark moment by working together.

Canadians, however, don’t seem too optimistic as news of Biden’s reported plans to cancel TC Energy’s (TSX, NYSE: TRP) Keystone XL pipeline permit via executive action has grabbed headlines over the past two days. Continue Reading →

African battery metals are central to global ESG agenda, says Indaba panel – by Marleny Arnoldi (MiningWeekly.com – February 4, 2021)

https://www.miningweekly.com/

The world is increasingly electrifying, while also focusing on environmental protection using green technology to do so, and Africa needs to capture as much of the investment value that goes along with those trends, Bushveld Minerals CEO Fortune Mojapelo has said.

Speaking during a panel discussion on environmental, social and governance (ESG) aspects and “green metals” on the second day of the virtually-hosted Investing in African Mining Indaba, he mentioned that the mining industry was embracing the mantra of going beyond compliance, moving away from ESG considerations being on the periphery and including those considerations in their core strategies.

“Regulation, as a tool to drive ESG, is insufficient; it is only a starting point. Certainly, investors are looking more at ESG commitments and they are defining due diligence capabilities around ESG outcomes. Continue Reading →