In Sorowako – by Adam Bobbette (London Review of Books – August 2022)

https://www.lrb.co.uk/

Sorowako,​ on the Indonesian island of Sulawesi, is the site of one of the largest nickel mines on earth. Nickel is an invisible part of many everyday objects: it disappears into stainless steel, the heating elements of domestic appliances and the electrodes of rechargeable batteries.

It was formed here more than two million years ago, when the hills that surround Sorowako began to emerge along an active fault. Laterites – iron oxide and nickel-rich soils – developed through the relentless erosion of tropical rain. When I rode my scooter into the hills, the ground duly changed colour, becoming red with blood-orange streaks.

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OPINION: U.S. climate bill’s EV incentives are not the game-changer North American auto industry was hoping for – by Konrad Yakabuski (Globe and Mail – August 9, 2022)

https://www.theglobeandmail.com/

The good news for Canada’s auto industry is that Canadian-built electric vehicles might some day be eligible for a US$7,500 tax credit under the breakthrough climate bill that U.S. President Joe Biden is expected to sign into law later this week, which scraps the Buy American provisions of an earlier legislative proposal that failed to win congressional approval.

The bad news is that, for now, the sourcing requirements in the Inflation Reduction Act, which passed the U.S. Senate on Sunday thanks to a tiebreaking vote by Vice-President Kamala Harris and is slated for a vote in the House of Representatives on Friday, are so restrictive that few EVs currently on the market, or expected to be produced in the next few years, could possibly meet them.

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Tesla needs nickel to dominate the car industry. It just signed a $5 billion deal with the metal’s largest source – by Nicholas Gordon (Fortune Magazine – August 11, 2022)

https://fortune.com/

If Elon Musk wants to sell 20 million cars a year by 2030, he’ll need a lot of nickel—a key metal used in the electric batteries that power Tesla cars. And now, after years of wooing, the largest source of the metal seems to have won the Tesla CEO over.

On Monday, an Indonesian cabinet minister told CNBC Indonesia that Tesla had agreed to buy $5 billion worth of nickel products from the Southeast Asian country over the next five years. Indonesia is the world’s biggest source of nickel, with about 23.7% of the world’s reserves, according to the U.S. Geological Survey. (The U.S. imports most of its nickel—which is also used to make alloys like stainless steel—from Canada, Norway, Finland, and Australia).

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Talon Metals to explore 400,000 acres of Upper Peninsula for nickel deposits – by Riley Beggin (The Detroit News – August 10, 2022)

https://www.detroitnews.com/

A metal mining company has acquired rights to explore around 400,000 acres of Upper Peninsula land for nickel deposits near the nation’s only nickel mine.

Talon Metals Corp. announced the land acquisition Wednesday from UPX Minerals Inc., which has owned it since 2013, when it was sold by Rio Tinto Group. Before that, it was owned by Ford Motor Co., whose founder Henry Ford first bought it for lumber and iron ore to build early Model Ts.

Talon aims to use the area once again to fuel American autos — this time with a crucial mineral for electric vehicle batteries.

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OPINION:Why Biden’s historic climate bill could be a big win for Canada – by Jeffrey Jones (Globe and Mail – August 8, 2022)

https://www.theglobeandmail.com/

Washington has handed Canada’s electric vehicle and cleantech industries a big gift, in the form of a historic climate bill that creates new incentives for American consumers to buy battery-powered cars. Now it’s just a matter of not squandering it.

This weekend, the U.S. Senate voted in favour of the Inflation Reduction Act’s US$369-billion in climate and energy spending, which supporters heralded as Washington’s largest-ever climate-change-fighting initiative.

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Tesla steps up lobbying effort with Ontario, Ottawa to set up a ‘manufacturing facility’ – by Adam Radnowski (Globe and Mail – August 9, 2022

https://www.theglobeandmail.com/

Canada’s ambitions of becoming an electric-vehicle powerhouse are being newly fuelled by interest from Tesla Inc. in locating a major manufacturing facility in Ontario.

While rumours of such an investment by the pioneering EV maker were kick-started last week by CEO Elon Musk’s offhand remarks during a shareholders’ meeting, an apparent recent shift in the company’s lobbying efforts offers more substantive evidence of the possibility.

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Billionaires are funding a massive treasure hunt in Greenland as ice vanishes – by René Marsh (CNN.com – August 8, 2022)

https://www.cnn.com/

Nuussuaq, Greenland (CNN)Some of the world’s richest men are funding a massive treasure hunt, complete with helicopters and transmitters, on the west coast of Greenland.

The climate crisis is melting Greenland down at an unprecedented rate, which — in a twist of irony — is creating an opportunity for investors and mining companies who are searching for a trove of critical minerals capable of powering the green energy transition.

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Lithium projects in Africa increasing, but Americas will still dominate – Fitch Solutions – by Tasneem Bulbulia (MiningWeekly.com – August 8, 2022)

https://www.miningweekly.com/

Fitch Solutions Country Risk and Industry Research expects to see an increase in lithium development projects in Africa, particularly from Chinese firms, with investment buoyed by expectations for lithium to resist the downwards trend of most nonferrous metals in the second half of the year amid strong demand.

Fitch Solutions estimates that, currently, there are nine lithium mining projects in development in Africa – in Zimbabwe, Namibia, Mali, Ghana and the Democratic Republic of Congo (DRC) – which is still small relative to the number of projects being developed in the Americas, Australia and Europe.

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Carmakers face fierce battle for lithium until 2030, warns top producer – by Harry Dempsey (Financial Times – August 7, 2022)

https://www.ft.com/

US company Albemarle says market will remain tight for the next seven to eight years

Carmakers face a battle for the rest of the decade to secure the lithium needed to help power the electric vehicle revolution, as demand threatens to overwhelm supply, one of the biggest producers of the metal has warned.

Lithium’s use in electric car batteries has put the raw material at the heart of a global competition that has pitted the world’s largest carmakers against each other and drawn in governments as they all race to increase and safeguard supply.

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The EV Race Is Turning a Gold Rush Haven Into a Battery Hub – by Harry Brumpton (Bloomberg News – August 8, 2022)

https://www.bnnbloomberg.ca/

Gold has long dominated the Western Australian city of Kalgoorlie, born in a late 19th Century prospecting rush and home to one of the world’s largest open pit mines, nestled right next to residential streets. Blasts to dislodge precious-metal laced rock from the more than two-mile-long Super Pit still frequently rattle the main street.

As about 2,700 executives, investment bankers, and industry stalwarts gathered in the precious metals hub last week for Australia’s key annual mining forum it was clear where the industry’s focus lies. All attention is on the frantic hunt for battery metals to deliver the world’s shift to electric vehicles.

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Lithium Miner Ioneer Finds Workaround for Wildflower That’s Stalling US Project – by Yvonne Yue Li (Bloomberg News – August 4, 2022)

https://www.bnnbloomberg.ca/

(Bloomberg) — A lithium supplier for Ford Motor Co. and Toyota Motor Corp. expects to clear an environmental hurdle involving a rare flower next year, paving the way for deliveries to electric-vehicle makers ahead of looming shortages of the battery metal.

Ioneer Ltd. seeks to build its Rhyolite Ridge lithium-boron project in Nevada, but the Australian company has been unable to get federal permits because public lands near the site are home to the endangered wildflower Tiehm’s buckwheat. The US Fish and Wildlife Service said in February it planned to designate about 910 acres near the project as a critical habitat for the pale yellow flower.

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Sayona on track for first spodumene production in Q1 2023 – by Jackson Chen (Northern Miner – August 4, 2022)

https://www.northernminer.com/

Sayona Mining (ASX: SYA; OTC: SYAXF) has further advanced its planned restart of spodumene production at its North American Lithium (NAL) operation in Quebec, with approximately 30% of plant and equipment upgrades now completed. It remains on track to deliver first concentrates in the first quarter of 2023.

“It is extremely pleasing to see the rapid progress at NAL as we ramp up towards the recommencement of lithium production,” Sayona’s managing director Brett Lynch commented. NAL currently has around 50 construction workers on‐site, with the number expected to double by September.

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Elon Musk Suggests Tesla’s Next Gigafactory Might Be In Canada – by Dan Mihalascu (Inside EVs – August 5, 2022)

https://insideevs.com/

This is the second time Canada is mentioned as a potential location for the next Gigafactory; official announcement to come this year.

Tesla CEO Elon Musk said at the company’s annual shareholder meeting on August 4 that an announcement regarding the next Gigafactory could be made later this year.

During a speech at the Gigafactory Texas meeting dubbed Cyber Roundup, the executive talked in detail about Tesla’s vehicle assembly plants. He noted that Tesla opened two new factories this year—Gigafactory Berlin-Brandenburg and Gigafactory Texas—that are both building the Model Y, with the latter being the only Tesla facility that makes Model Ys powered by 4680 battery cells laid out in structural packs.

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Insatiable Lithium Demand Fuels Investment Boom in Australia – by Harry Brumpton and Annie Lee (Bloomberg News – August 4, 2022)

https://www.bnnbloomberg.ca/

(Bloomberg) — In the rocky deserts of Western Australia, a handful of little-known and once-shunned miners are suddenly in vogue as the electric vehicle industry clamors for a metal it can’t do without.

Executives from Australia’s lithium industry were inundated by bankers and brokers at the Diggers & Dealers Mining Forum in the outback town of Kalgoorlie this week, talking up deals to secure some of the estimated $42 billion worth of investment needed for metal producers to meet their goals.

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EVs are about to break new ground deep, deep under Sudbury – by John Michael McGrath (TVO Today – August 2, 2022)

https://www.tvo.org/

Running diesel engines two kilometres belowground would be prohibitively expensive — so this mine is turning to battery power

It would be a lot easier if mining were just a matter of getting ore out from deep underground. But mining is done by miners, and those workers need air they can breathe.

As mining companies go deeper and deeper into the Earth searching for the minerals that go into steel and the other metals that make up modern life — including, now, high-capacity electric batteries — supplying something as basic as fresh air becomes more and more difficult.

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