The Elements of Innovation Discovered
The Elements of Innovation Discovered
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With ambitious technological and financial cooperation, Western allies could produce enough critical minerals to meet climate goals. In the aftermath of the COVID pandemic, nations quickly discovered the perils of an uneven distribution of production and processing capabilities in the guise of globalization. Phrases like "near-shoring" and "friend-shoring" led discussions of a green economy as remedies to the trade imbalance between the United States and the People's Republic...
On Dec. 12, 2015, delegates from almost every country on the planet signed a landmark climate accord, the Paris Agreement, that united more than 190 parties in support of a legally binding treaty pledging to drive the overall planetary temperature down by slashing the use of fossil fuels and adopting solutions for a massive transition to renewable energy and green transportation. This requires extensive economic and social transformation, measured in five-year cycles of...
Aluminum has been classified as critical by the United States, European Union, Canada, and even China. At first glance, one may wonder how such a ubiquitous metal could possibly be critical. The answer is simply that aluminum is so widely used that supply, if endangered, could devastate an economy. In 2020, the World Bank identified aluminum as a "high-impact" and "cross-cutting" metal in all existing and potential green technologies. In spite of this, due to high energy...
Still overshadowed by lithium but no less significant, cobalt falls within a unique category as a critical mineral not only for its properties but also for its controversial supply. As a fundamental component necessary for nickel-cobalt-manganese (NMC) lithium-ion batteries, cobalt warranted its place as a critical mineral vital to the zero-carbon transition due to the necessity of those batteries to power a clean, emission-free future. Its critical uses, however, go far...
Latin American countries collectively hold over 50% of the world's identified raw lithium. These resource-rich nations have begun asserting that they will no longer accept extractive international trade relationships-hoping to leverage this natural wealth of a suddenly in-demand mineral to bolster the region's development and encourage the growth of specialized industries and clean energy infrastructure. "We don't want to sell lithium to Europe ... we want to sell lithium vehi...
Second US battery gigafactory to be built under a JV with Samsung SDI powers Stellantis' electric ambitions in North America. Adding to the skyrocketing demand for lithium battery materials, global automaker Stellantis and battery manufacturer Samsung SDI have agreed to build a second gigafactory in the United States. The newest facility to be constructed under the StarPlus Energy joint venture forged between the two companies last May is slated to have the capacity to...
Global automaker signs deal to buy future cobalt and nickel from early-staged projects at historical mines in southern Norway. To help ensure that it has future supplies of the nickel and cobalt that will be needed for the electric vehicles produced by Alfa Romero, Maserati, Peugeot, and its other European brands, Stellantis has signed an offtake agreement to buy 35% of the future nickel sulfate and cobalt sulfate produced from Kuniko Ltd.'s mineral exploration projects in Nor...
With mining for critical minerals like cobalt embattled on many fronts, the preference for fair trade options, need for source transparency, and massive investments in battery recycling infrastructure are being keenly felt. To meet demand, two ReSource electric vehicle (EV) battery passport pilots were successfully issued in January by the Global Battery Alliance (GBA) and its founding consortium of China Molybdenum (CMOC) mining group, Eurasian Resources Group (ERG),...
To encourage greater transparency in the inevitable battery-powered world, Ford Motor Company has partnered with Everledger to deliver the world's first passport pilot for the responsible recycling of electric vehicle batteries. Founded in 2015, Everledger is an independent technology company that aims to help businesses monitor asset information with various security technologies, such as blockchain, artificial intelligence, smart labeling with near field communication (NFC)...
With the global transition to electric vehicles charged with renewable energy creating massive new demands for rare earth materials and magnets, copper, and electrical steel, General Motors and GE Renewable Energy are working together to evaluate opportunities to improve supplies of the materials critical to a low-carbon future. "A secure, sustainable and resilient local supply chain for electric vehicle materials is critical to the execution of GM's vision of an all-electric...
The European Raw Materials Alliance released its action plan to secure access to rare earth elements for the industrial sector in the European Union. Detailed in a 38-page report published on Sept. 30, the plan outlines current and projected European demand for REEs and steps that should be taken to secure their supply. "The EU has committed to the goal of becoming climate neutral by 2050. The raw materials needs to facilitate this energy transition are massive, and Europe...
Understanding that diverse and reliable supplies of critical minerals and metals are vital to the renewable energy, electric vehicles, and high-tech sectors, the European Union has set in motion a plan for more resilient supplies of these raw materials that will ensure Europe's ambition for a green and digital future. "We import lithium for electric cars, platinum to produce clean hydrogen, silicon metal for solar panels. 98% of the rare earth elements we need come from a sing...
The European Union is taking action to ensure it has the critical minerals and metals needed for the coming "transition towards a green and digital economy" over the coming decades. "A secure and sustainable supply of raw materials is a prerequisite for a resilient economy," said European Commission Vice President for Interinstitutional Relations and Foresight Maroš Šefčovič. Since 2011, the European Commission has been assembling a list of raw materials, predominately min...
