The US economy is vulnerable to China’s “lock” on critical mineral processing, a senior adviser to President Joe Biden said, likening the situation to the risk Europe faced from its reliance on Russia’s oil and gas amid its invasion of Ukraine. “Quite frankly, we’re in a vulnerable position,” John Podesta, senior White House adviser for […]
Battery Metals
Pixel Tablet leak reveals screen and battery specs, release date, more
According to an early Amazon listing that has since been removed, the Pixel Tablet will be released on June 20 in Japan, while other key specs have also now emerged thanks to this leak. As captured in a screenshot (via Reddit), Amazon Japan briefly posted a full Pixel Tablet listing that included the scheduled release […]
Undersupply of magnet rare earths to hit 60,000 tonnes by 2030
A recent report by Adamas Intelligence predicts that from 2023 through 2040 global demand for NdFeB magnets will increase at a compound annual growth rate of 7.5%, bolstered by double-digit growth from electric vehicle and wind power sectors. According to the report, such growth will translate to a comparable demand increase for the critical rare […]
Undersupply of magnet rare earths to hit 60,000 tonnes by 2030
A recent report by Adamas Intelligence predicts that from 2023 through 2040 global demand for NdFeB magnets will increase at a compound annual growth rate of 7.5%, bolstered by double-digit growth from electric vehicle and wind power sectors. According to the report, such growth will translate to a comparable demand increase for the critical rare earth elements – didymium, dysprosium and terbium […]
Albemarle open to renegotiating Chile lithium contract early
Albemarle Corp is open to renegotiating its Chile lithium contract before 2043 and would seek access to even more of the country’s vast reserves of the metal used to make electric vehicle batteries, CEO Kent Masters told Reuters on Thursday. The decision by Chilean President Gabriel Boric last month to gradually nationalize his country’s lithium […]
Rare Earth Metals See Prices Plunge
The Rare Earths MMI (Monthly Metals Index) suffered yet another significant drop month-over-month. Overall, the index fell 15.81%. These massive drops in prices are the result of several factors. One of the biggest culprits is rising supply and falling demand. Prices for rare earth metals have also decreased due to new mining initiatives cropping up […]
India’s NMDC in talks with Australia’s Hancock for lithium mining
Indian iron ore miner NMDC Ltd is in talks with Australia’s Hancock Prospecting Pty Ltd for lithium exploration and mining, a source familiar with the matter told Reuters on Tuesday. Countries across the world are racing to secure lithium supplies for rechargeable batteries for future fleets of electric vehicles in the global transition to green […]
Battery density breakthrough could be enough to power electric planes
Chinese battery-manufacturing behemoth CATL has announced their most powerful battery to date — one which they believe will be capable of powering electric aircraft by meeting both energy needs and safety standards. CATL claims that their new battery has an energy density — the amount of power it has compared to its mass — of 500 watt-hours per kilogram. Essentially, it […]
Stellantis, Australia’s Alliance Nickel ink deal for battery elements supply
Carmaker Stellantis has signed an agreement with Alliance Nickel for the supply of battery grade nickel and cobalt sulphate from the NiWest project in Western Australia, the two groups said on Friday. The deal, the latest struck in Australia by the world’s third largest automaker by revenues, confirms the country as a core supplier for […]
Pensana taps major UK investor to fund rare earths project in Angola
London-based Pensana (LSE: PRE) is being backed by one of the United Kingdom’s largest asset managers and the Angolan sovereign wealth fund to build a rare earths refinery in England and a mine in the African country. M&G Investment Management, which has £342 billion under management, and the roughly $3 billion Angolan fund (FSDEA) are […]