Cobalt, Critical, Strategic and Rare Earth Minerals and Metals – Page 43

U.S., Europe Face Hurdles to Cut China Reliance for Rare Earths – by Joe Deaux (Bloomberg News – September 5, 2020)

September 8, 2020

https://www.bnnbloomberg.ca/

Bloomberg) — The U.S. and Europe’s ambition to boost production of rare raw materials used in electric vehicles and wind turbines and reduce dependence on China will face obstacles, including higher costs and environmental concerns.

Two U.S. Congressmen this week introduced bipartisan legislation aimed at reducing dependence on China for rare earths, similar to what Senator Ted Cruz introduced in May.

The European Union stepped up a push to become less reliant on imported raw materials, with the European Commission vowing to create a raw-materials alliance by the end of the year due to their importance in growing industries.

What to know about critical minerals – the key to our clean energy future – by Andrea Willige (World Economic Forum – September 2020)

September 8, 2020

https://www.weforum.org/

When we think about the global switch to renewable energy, minerals are not the first thing that spring to mind. But they are crucial building blocks for all kinds of clean-energy infrastructure, from wind turbines and solar panels to electric vehicles and the batteries that power them.

Earlier this year, the World Bank predicted a 500% increase in the production of minerals such as graphite, lithium and cobalt by 2050 to feed the energy transition.

As in so many other industries, the COVID-19 pandemic has brought to light little-known weaknesses in global mineral supply chains for clean energy. For example, in Peru, a major world supplier of copper, mining came to a halt due to the country’s confinement measures. In South Africa, lockdown significantly disrupted the global production of platinum, another essential mineral in many clean-energy technologies.

ENVIRONMENTAL CONCERNS MOUNT OVER USE OF NICKEL IN EVS – by Kieran Ahuja (Sunday Times Driving – September 7, 2020)

September 8, 2020

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OF COURSE, as something that has been widely touted as a more environmentally-friendly alternative to traditional internal combustion engine (ICE) cars, the green credentials of pure-electric vehicles have often been called into question.

A large amount of the conversation around this has revolved around the use of cobalt, which is used to aid conductivity and structural stability in lithium-ion batteries, enabling them to last for as long as they do.

However, production of cobalt is sometimes conducted in territories where a blind eye is turned to ethical mining practices, in places such as the Democratic Republic of Congo (DRC), which produces around 60% of the world supply.

Lawmakers Seek to Curb U.S. Reliance on China for Rare Earths – by Joe Deaux (Bloomberg News – September 1, 2020)

September 3, 2020

https://www.bloomberg.com/

U.S. House lawmakers introduced a bipartisan bill aimed at reducing dependence on China for rare earths used in everything from electric vehicles to missiles to wind turbines.

The legislation co-authored by Republican Lance Gooden and Democrat Vicente Gonzalez, both of Texas, is similar to that introduced in May by Senator Ted Cruz.

The measure would give tax incentives for companies involved in the mining, reclaiming and recycling of critical minerals and metals from deposits in the U.S.

EU sounds alarm on critical raw materials shortages – by Michael Peel and Henry Sanderson (Financial Times – August 2020)

August 31, 2020

https://www.ft.com/

Brussels/London – The EU’s over-reliance on imports of critical raw materials threatens to undermine crucial industries and expose the bloc to supply squeezes by China and other resource-rich countries, the European Commission will warn member states this week.

Shortages of elements used to make batteries and renewable energy equipment could also threaten the bloc’s target of becoming climate neutral by 2050, a report by the Brussels executive will say.

The document is part of an urgent focus in Europe on security of imports of vital goods, as the coronavirus pandemic triggers transport disruption and growing tensions between western capitals and Beijing.

Saskatchewan building rare earth processing plant, capitalizing on emerging industry – by Anna McMillan (Global News – August 27, 2020)

August 28, 2020

https://globalnews.ca/

Construction has begun on a facility expected to put Saskatchewan at the fore of an emerging industry in the mining sector.

The province has invested $31 million to build a rare-earth element processing facility in north Saskatoon, owned and operated by the Saskatchewan Research Council (SRC).

“In the future, rare-earth elements are going to play a major role in powering the 21st century,” Premier Scott Moe said at a news conference on Thursday.

Pebble confirms potential for critical mineral production – by Jackson Chen (Mining.com – August 20, 2020)

August 21, 2020

https://www.mining.com/

Northern Dynasty Minerals’ (TSX: NDM) controversial Pebble project in southwest Alaska may turn out to be not just a prominent producer of base and precious metals, but also a strategic mineral required by the US to secure military dominance.

In an updated mineral resource estimate for the proposed mine in the Bristol Bay region, it was revealed that the Pebble deposit contains substantial quantities of rhenium – a metal used in jet engines and other military applications and for producing high-octane fuels – adding to the massive accumulations of copper, gold, molybdenum and silver already confirmed by previous studies.

The US Geological Survey (USGS) considers rhenium to be a strategic metal and confirms the US currently relies on foreign producers for 82% of its rhenium needs.

ANALYSIS: Can the West’s economies ever escape China’s magnetic pull? The story of rare-earth metals shows how hard it can be – by Matthew McClearn and Niall McGee (Globe and Mail – August 10, 2020)

August 10, 2020

https://www.theglobeandmail.com/

The COVID-19 crisis is forcing countries to find suppliers outside of China. Here’s how that turned out badly for firms that tried for a decade to take on their state-controlled mining machine

A decade ago, the future for Toronto-based Avalon Advanced Materials Inc. looked bright. Its flagship Nechalacho development project in the Northwest Territories was on track to produce rare-earth elements, crucial ingredients in a wide array of technologies from wind turbines to cruise missiles to MRI machines.

Avalon’s market capitalization would eventually climb close to a billion dollars. Today things look very different. Avalon’s value has dwindled to just $26-million, its shares trade for pennies and Nechalacho lies undeveloped.

“Unfortunately the bubble burst before we could get all the capital in place,” said Don Bubar, Avalon’s chief executive officer.

Scientists find efficient way to extract REE from acid mine drainage – by Valentina Ruiz Leotaud (Mining.com – August 9, 2020)

August 10, 2020

https://www.mining.com/

Researchers at Penn State University developed a two-stage treatment process for acid mine drainage that enabled them to recover higher concentrations of rare earth elements using smaller amounts of chemicals than previously possible.

In a paper published in the Chemical Engineering Journal, the scientists say that AMD from coal mining operations in Appalachia represents a promising domestic source of REE because it often contains high concentrations of the minerals and because it is already being collected and treated due to environmental concerns.

This residue is produced when pyrite rock — iron sulphide — unearthed by mining activity interacts with water and air and then oxidizes, creating sulfuric acid.

The Dirty Secrets Of ‘Clean’ Electric Vehicles – by Tilak Doshi (Forbes Magazine – August 2, 2020)

August 10, 2020

https://www.forbes.com/

The widespread view that fossil fuels are “dirty” and renewables such as wind and solar energy and electric vehicles are “clean” has become a fixture of mainstream media and policy assumptions across the political spectrum in developed countries, perhaps with the exception of the Trump-led US administration.

Indeed the ultimate question we are led to believe is how quickly can enlightened Western governments, led by an alleged scientific consensus, “decarbonize” with clean energy in a race to save the world from impending climate catastrophe.

The ‘net zero by 2050’ mantra, calling for carbon emissions to be completely mitigated within three decades, is now the clarion call by governments and intergovernmental agencies around the developed world, ranging from several EU member states and the UK, to the International Energy Agency and the International Monetary Fund.

China’s Rare Earth Threat Sparks An International Backlash – by Tim Treadgold (Forbes Magazine – August 7, 2020)

August 7, 2020

https://www.forbes.com/

China fired a verbal rocket at U.S. arms maker Lockheed Martin last month only to unleash a response which threatens its most strategically important industry, rare earths.

Because rare-earth elements have essential uses in a range of civil and military technologies, such as weapons guidance systems, China’s control of supply is a powerful commercial and diplomatic bargaining chip.

Earlier threats to cut-off supplies of the elements, especially the two most important heavy rare earths, neodymium and praseodymium, have caused short-term disturbances in the market with China eventually backing off in case it pushed too hard and international customers developed their own supplies.

Lynas gets green light for waste treatment plant in Malaysia – by Cecilia Jamasmie (Mining.com – August 4, 2020)

August 5, 2020

https://www.mining.com/

Malaysia has approved Australian rare earths miner Lynas Corp’s (ASX: LYC) application to build a permanent disposal facility for waste treatment, a minister said on Tuesday.

The miner, the world’s only major producer of rare earths outside China, can now proceed with construction of the waste plant, on a site identified by the Pahang state government, Khairy Jamaluddin, science, technology and innovation minister said, The Edge Markets reported.

In August last year, the Sydney-based company was able to renew the operating license for its Malaysian processing plant for six months, subject to conditions that included identifying a site for a permanent facility to store its low-level radioactive waste.

First Cobalt decides to go big on refinery restart – by Staff (Northern Ontario Business – July 23, 2020)

July 27, 2020

https://www.northernontariobusiness.com/

Toll processing facility would be first of its kind in North America

A major expansion is definitely in the cards to restart a mothballed refinery in northeastern Ontario that’s gearing up to serve the electric vehicle market.

Toronto’s First Cobalt is skipping a staged approach to reopening the plant, situated outside the town of Cobalt, and is opting instead on focusing their construction efforts on quadrupling production capacity.

The plant is currently configured to process 12 tonnes of cobalt sulphate a day. Expansion would boost that to 55 tonnes and would represent five per cent of the world’s cobalt refining capacity.

OPINION: A safe, prosperous nation requires secure supply chains – by Dan Browillette (The Hill – July 20, 2020)

July 21, 2020

https://thehill.com/

The coronavirus pandemic opened Americans’ eyes to the vulnerability of our supply chains and our over-reliance on critical goods from foreign nations.

Many people suddenly realized, at the height of the pandemic, that the important medical products we urgently needed – like masks and ventilators – were coming from abroad.

And it is not just medical products. We are dependent on countries that are not reliable trading partners for automotive parts, electronics, pharmaceuticals, and even naturally occurring materials like uranium and critical minerals.

State, Campbell County pursue rare earth opportunities – by Greg Johnson (Wyoming Tribune Eagle – July 7, 2020)

July 7, 2020

https://www.wyomingnews.com/

GILLETTE — As flagging coal and oil revenues continue to implode the Wyoming budget by hundreds of millions of dollars, momentum is growing for a more down-to-earth solution.

A push to resurrect the nation’s ability to produce and refine rare earth elements has made some people wonder whether that also could be the phoenix that rises from the ashes of the Powder River Basin’s legacy coal mining industry.

More specifically, from the ash produced by area coal-fired power plants. Typically a waste product of burning coal to make electricity, coal ash also contains rare earths, which are elements with unique properties that are essential for many technologies like electronics, health care equipment and national defense.