Newmont (NYSE: NEM, TSX: NGT, ASX: NEM) said on Thursday that it is walking away from the Appaloosa project in Nevada held by Canadian junior Gunpoint Exploration (TSXV: GUN). A notice to terminate an option and earn-in agreement signed in September 2022 between Gunpoint and Newcrest Mining, now part of Newmont, has been issued. Appaloosa […]
Battery Metals
Scientists make game-changing discovery with new rechargeable battery in goal to replace lithium-ion — and it could drastically lower the cost of power
A new development in battery making could drastically cut the cost of power production. In a study published in Joule on March 20, researchers explored how manganese metal batteries are among the best candidates to overtake the conventional lithium-ion battery because they feature high energy densities and low costs, but that the development of a […]
Gold price heads for best month in over a year
Gold rose again on Thursday and is bound for its biggest monthly rise since November 2022 on the back of a blistering rally spurred by bets on US interest rate cuts and strong safe-haven demand. Spot gold was up 0.9% to $2,210.80 per ounce by 9:05 a.m. EDT, on track for a monthly gain of […]
Chile needs to finalize more lithium plan details to spur investment, miners say
The Chilean government’s new plan to usher in private investment at a number of the country’s lithium salt flats may stumble over unresolved details that will raise concerns for investors, mining executives and analysts said on Wednesday. Industry players said they are seeking information on how contracts will be awarded by officials in the country […]
How BYD grew from battery maker to electric vehicle juggernaut, overtaking Tesla
In the U.S., Tesla may be at the forefront of the electric vehicle revolution, but abroad, the carmaker has some serious competition. In China, the world’s largest EV market, Tesla has been losing ground to domestic automakers who are increasingly building better cars at unbeatable prices, and chief among them is Warren Buffett-backed BYD. In […]
Iron ore price edges higher on hopes of China’s demand recovery
Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and Beijing’s pledge to support its struggling property market. Gains, however, were limited as doubts lingered whether a recovery in steel demand would meet expectations, and as portside stocks still remained high. The most-traded May iron […]
US Battery Storage Smashes Deployment Records In Q4 2023
WASHINGTON DC – The US battery storage market shattered deployment records across all segments in Q4 2023 – a 101% increase from the previous quarter. The US battery storage sector saw 4,235 megawatts (MW) installed in Q4 2023, according to Wood Mackenzie and the American Clean Power Association’s (ACP) latest “US Energy Storage Monitor” report. […]
Fortescue eyes developing its copper assets, not looking at Cobre Panama
Australia’s Fortescue, the world’s fourth-largest iron ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairman told Reuters on Saturday. “The company has choices in front of it … we have a lot of copper options on the table. And when we feel the […]
Texas installs another big solar + battery storage project
Power-hungry Texas needs solar and battery storage to help meet demand and balance the grid, so its largest utility-scale storage operator is delivering. Enel North America has started constructing the Ables Springs Solar + Storage Project in Kaufman County, near Dallas. The project pairs a 186-megawatt (MW) solar farm with 115 MW/169 MWh battery storage. […]
US battery storage smashes deployment records in Q4 2023
The US battery storage market shattered deployment records across all segments in Q4 2023 – a 101% increase from the previous quarter. The US battery storage sector saw 4,235 megawatts (MW) installed in Q4 2023, according to Wood Mackenzie and the American Clean Power Association’s (ACP) latest “US Energy Storage Monitor” report. For the first […]
