The Elements of Innovation Discovered
The Elements of Innovation Discovered
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With the recent signing of a rare earth offtake and profit-sharing agreement with Norway-based REEtec, Australia-based Vital Metals Ltd. said it is targeting the production of rare earths from its Nechalacho project in Northwest Territories before the end of this year. "The signing of this agreement will enable REEtec and Vital to work together to supply separated rare earth oxides, which are competitive to products produced anywhere else in the world into the electric...
Considered by market experts to be the largest single fundraising in the history of lithium-ion battery supply chains, Sila Nanotechnologies raised US$590 million during a financing that closed on Jan. 26. "Raising way over half a billion dollars is an incredible achievement but is exactly the level of investment innovators in the battery supply chain should be receiving," said Benchmark Mineral Intelligence Managing Director Simon Moores. Aptly located in Silicon Valley,...
The United States depends on foreign countries for more than 50% of its supply of 28 out of the 35 minerals, metals and groups of elements deemed critical to the nation's economic wellbeing and national security, including 100% import-reliant for 14 of them, according to Mineral Commodity Summaries 2021, which was published by the U.S. Geological Survey on Feb. 1. The list of critical mined commodities for which the U.S. is fully reliant on foreign nations for its supply...
As two of the 35 minerals and metals considered to be critical to the economic and national security of the United States, beryllium and aluminum are fundamental to many sectors for their natural properties and even more so when they join together to create beryllium-aluminum alloys. Most, if not everyone, has heard of aluminum. As the second most abundant metallic element in the Earth's crust after silicon, its unique lightweight properties, malleability and durability have...
Though Volkswagen does not expect any appreciable quantities of spent lithium-ion batteries for at least another decade, the German automaker has already constructed its first plant to recover more than 90% of the raw materials from these cells. Operated by Volkswagen Group Components, an independent entity formed by Volkswagen in 2019, this pilot plant that recently opened in Salzgitter, Germany aims to recycle more than 90% of the battery raw materials such as lithium, nicke...
Sweden-based Kaunis Iron, in collaboration with Vattenfall, Volvo Trucks, ABB and Wist Last & Buss have come together for a unique pilot project to develop a sustainable logistics system, free from fossil fuels. Managing one of the largest iron mines in Sweden, Kaunis Iron has a vision of being the world's most sustainable supplier of iron ore. One of the highest hurdles to achieving this objective is reducing the carbon dioxide emissions from the heavy equipment transporting...
Ucore Rare Metals Inc. anticipates that the RapidSX rare earths and critical metals separation technology being developed by its subsidiary, Innovation Metals Corp., will be ready for commercial adoption and implementation by Ucore and licensees of the REE separation technology in about 15 months. RapidSX is not so much a new technology as an enormous upgrade to the conventional solvent extraction technology that has been the standard for separating rare earths for more than...
