The Biden administration on Wednesday unveiled a proposal for solar energy projects on federal lands that identifies 22 million acres in 11 western states best suited for development. The announcement is part of the Interior Department’s push to site more renewable energy facilities on federal lands, a cornerstone of President Joe Biden’s goal to decarbonize […]
Battery Metals
Uranium developer Denison options Saskatchewan lithium brine project
Uranium-focused Denison Mines (TSX: DML; NYSE: DNN) and lithium explorer Grounded Lithium (TSXV: GRD; US-OTC: GRDAF) have signed a deal that bets on low-cost extraction methods in Saskatchewan. The agreement gives Denison the option to earn up to a 75% interest in Grounded’s Kindersley lithium brine project in western Saskatchewan, the companies said in a joint news […]
Gold-inflation disconnect
Gold’s vexing disconnect from reported inflation took center stage again this week. The latest US inflation read came in hotter than expected, yet gold didn’t surge despite being the classic inflation hedge. This strange incongruity has festered for a few years now thanks to the Fed’s incessant manipulations of rates and market psychology. But the […]
Copper’s Critical Role in Green Energy Transition
In the Autumn of 2023, the International Copper Study Group (ICSG) forecast that the copper market was likely to experience a significant surplus of the metal in 2024 after several companies worldwide ramped up their operations in response to the growing global demand. However, by the end of the year, updated forecasts suggested that copper […]
China’s rare earth exports hit 5-year high on demand from EV, high-tech sectors
China’s exports of rare earths in 2023 rose 7.3% from the prior year, customs data showed on Friday, boosted by competitive prices and growing overseas demand from electric vehicle makers and other high-tech sectors. The world’s largest producer of rare earths shipped 52,307 metric tons of the minerals abroad last year, the highest since 2018, […]
A huge battery has replaced Hawaii’s last coal plant
Hawaii shut down its last coal plant on September 1, 2022, eliminating 180 megawatts of fossil-fueled baseload power from the grid on Oahu — a crucial step in the state’s first-in-the-nation commitment to cease burning fossil fuels for electricity by 2045. But the move posed a question that’s becoming increasingly urgent as clean energy surges […]
Stellantis to invest in French sodium-ion battery maker for EV output
Stellantis announced on Friday that it is investing in French sodium-ion battery startup Tiamat to diversify its portfolio and mass-produce electric vehicles while reducing exposure to scarce resources. The exact amount of the investment, which is part of an initial fundraising of 150 million euros from Tiamat, was not disclosed. The funds will be used […]
Battery Metal Price Plunge Is Closing Mines and Stalling Deals
A meltdown in some of the most-hyped energy-transition metals is wreaking havoc across the mining world, stalling projects, scuppering deals and triggering a scramble for cash that promises to reverberate through the industry for years. Lithium — the ultra-light metal used in electric-vehicle batteries — has plunged more than 80% from a late-2022 record, as […]
US battery storage capacity is expected to nearly double in 2024
Developers plan to expand US battery storage capacity to more than 30 gigawatts (GW) by the end of 2024, according to the US Energy Information Administration (EIA). Planned and currently operational US utility-scale battery capacity totaled around 16 GW at the end of 2023. Developers are expected to add another 15 GW of battery storage […]
Here’s What VW’s Tests Of Solid-State Cells Reveal
Solid-state batteries promise a number of advantages over traditional lithium-ion batteries currently used in many EVs from the standpoint of weight savings, energy density, thermal safety, and battery life. This is why EV makers are in a race to field the first production models with this battery type—solid-state technology is expected to be nothing short […]