The Elements of Innovation Discovered
The Elements of Innovation Discovered
Sorted by date Results 1 - 20 of 20
Megamerger would reshape global energy metals sector. The proposed merger between BHP Group Ltd. and Anglo American plc would create a $200 billion mining behemoth that would control 10% of the global production of copper, a metal that has experienced a 23% price spike since early February on supply concerns. "As part of its strategy to expand its copper assets, BHP intends to acquire Anglo American realizing the significant growth potential for copper in the future, as...
Lithium battery recycling firm details finances, operations, investments, and additional plans to overcome challenging financial landscape. Following the $75 million strategic investment from Glencore plc last week, which was aimed to alleviate some of the pressures the company is feeling due to the higher-cost environment, Li-Cycle Holdings Corp. announced an update on its situation and plans to right-size its recycling enterprise going forward. "Since embarking on our...
Supports future recycling leader toward ongoing facility construction. Almost two years after its initial $200 million investment from Glencore plc, Li-Cycle Holdings Corp. has announced a new $75 million strategic investment from the Swiss commodities trading and mining company to help the recycling company continue to position itself as a future leader in the production of critical battery materials. "We are pleased to secure an additional $75 million investment from...
After announcing its plans for a recycling hub in Portovesme, Italy, through a partnership with Glencore, Li-Cycle Holdings Corp. has followed up with the steps needed to begin establishing a centralized locale for battery recycling in Europe's Bel Paese. "The planned Portovesme Hub is a landmark project for Europe's battery recycling industry and is expected to be the largest source of recycled battery-grade lithium on the continent," said Li-Cycle Executive Chair Tim...
Critical minerals can be recycled from decades of e-waste The necessity of reclaiming waste as a means to curb the seemingly impossible material requirements of a renewable future is fostering a different kind of industry – urban mining. "When you're in the renewable energy space, you've got to think through the whole lifecycle – where will EV and lithium-ion batteries go when they are no longer useful? It can't be to a landfill. That's not responsible," said Graphite One Pres...
Electra Battery Materials Corp. is making headway on upgrades and expansions of North America's only battery-grade cobalt refinery, the centerpiece of an emerging eco-industrial park in Ontario that will supply battery materials to the lithium-ion battery and electric vehicle plants in North America. Electra's cobalt refinery is a hydrometallurgical facility that previously operated in Ontario for a decade. Since acquiring this asset, the company has been advancing a strategy...
Li-Cycle Holdings Corp. announced the signing of a letter of intent with Glencore plc, one of the world's largest natural resource companies, to jointly study the feasibility and eventual development of one of Li-Cycle's Hub recycling facilities in Portovesme, Italy. "The planned Portovesme Hub is a landmark project for Europe's battery recycling industry and is expected to be the largest source of recycled battery-grade lithium on the continent," said Li-Cycle Executive...
Glencore plc, one of the world's largest natural resources companies, has entered into a long-term supply agreement to purchase 100% of the products to be produced by battery recycler ACE Green Recycling. "Our partnership with ACE furthers our objective of creating a leading, global circularity platform for battery metals," said Kunal Sinha, head of recycling at Glencore. Intended to intake recycled lead and key battery metals from recycled lithium-ion batteries, this 15-year...
Lithium-ion battery recycling company Li-Cycle Holdings Corp. has entered into a strategic partnership with Glencore plc, with an initial investment of $200 million toward improving the electric vehicle supply chain. "We are thrilled to have Glencore as a long-term strategic investor and global commercial partner," said Li-Cycle CEO Ajay Kochhar. "Bringing our complementary capabilities together will accelerate the path to a circular economy for critical materials in the...
Intrigued by Electra Battery Materials Corp.'s vision of developing a hydroelectric-powered battery materials park in Ontario, Talon Metals Corp. has joined a partnership that will investigate the potential of using this emerging Canadian facility to upgrade nickel produced at its coming Tamarack Mine in Minnesota into the battery-grade nickel sulfate needed for the lithium-ion batteries powering electric vehicles. This partnership, which also includes the Ontario government a...
Glencore plc has teamed up with fellow miners China Molybdenum Co. Ltd. and Eurasian Resources Group, and battery material supplier Umicore to pilot a blockchain solution for end-to-end cobalt traceability. Earlier this year, Glencore joined the Global Battery Alliance, a World Economic Forum initiative to help establish and collaborate on a sustainable battery value chain. As of 20 May, a new pilot named Re|Source, headed by major metals and mining companies as well as...
Tesla Inc. has joined a growing effort to address artisanal cobalt mining in the Democratic Republic of Congo, not by boycotting this much maligned source of the lithium-ion battery metal but by investing in it. The iconic electric automaker has joined the Fair Cobalt Alliance, an organization with a vision of making the small but often dangerous cobalt mines in DRC a better place to work for men and women who have few other livelihood options. Artisanal mining in DRC has...
In a move that demonstrates its commitment to environmental, social, and corporate governance (ESG) practices, First Cobalt Corp. joins the Cobalt Institute as associate member. "Becoming a member of the Cobalt Institute demonstrates our commitment to implementing the most rigorous supply chain sourcing and ESG standards," said First Cobalt President and CEO Trent Mell. First Cobalt is a Canada-based company that is endeavoring to become North America's sole primary cobalt...
First Cobalt Corp. has taken a critical step toward its goal of supplying North American and European electric vehicle and lithium-ion battery manufacturers with 25,000 metric tons of battery grade cobalt sulfate per year. With an initial investment of only US$56 million, First Cobalt's already established refinery in Ontario could be churning out enough cobalt for the batteries powering more than 500,000 EVs annually by 2022. "This is an important milestone in our efforts to...
Glencore plc March 6 announced it has joined the Global Battery Alliance, a World Economic Forum initiative to help establish and collaborate on a sustainable battery value chain. GBA is a partnership of 70 members that includes businesses across the entire battery value train, from mining companies providing the metals going into the batteries to manufacturers that use those batteries in their products, as well as governmental and non-governmental organization. The alliance...
Glencore Plc Jan. 10 announced that it has signed an agreement to provide Samsung SDI with a five-year supply of cobalt hydroxide, a key ingredient in the lithium-ion batteries used in electric vehicles, smartphones, computers and other electronic devises. Under the terms of this supply contract, Glencore will provide up to 21,000 metric tons of cobalt contained in cobalt hydroxide between 2020 and 2024. The cobalt will be sourced from Glencore's industrial mining operations...
Most people know Tesla Inc. as a world-leading electric vehicles manufacturer with a growing line of cars, trucks and SUVs. However, the company's foundation is built off its ability to make batteries that power models S, 3, X, Y, Roadster, Tesla Semi, Cybertruck and even Solar Roof. Quite literally, Tesla's EV production capacity can only grow as fast as the company can manufacture the lithium-ion batteries that power them. "So the thing we're going to be really focused on...
Tesla Inc. needs an increasing amount of lithium, graphite, nickel and cobalt for the lithium-ion batteries that power its growing lineup of electric vehicles. With its own rapid expansion, coupled with every major automotive brand in the world adding increasing numbers of EV models to their lineups, securing sustainable and ethical supplies of the lithium, cobalt, graphite, and nickel that go into the batteries that power these zero-emission automobiles has become crucial....
The envisioned green future where every North American is driving a battery-powered electric vehicle charged with renewable energy could be undermined by cobalt, a somewhat scarce and controversial metal that makes lithium-ion batteries better. "Cobalt is considered the highest material supply chain risk for electric vehicles in the short and medium term," the U.S. Department of Energy penned in an April report. This risk has automakers, lithium-ion battery manufacturers, and...
Will gigamines be added to the front of the Tesla supply chain? While Elon Musk's offer of a "giant contract" to mining companies able to supply nickel suggests the Tesla CEO would rather not start his own mining division, subtle clues indicate that he is willing to, if needed. Musk says any bottlenecks along the entire lithium-ion battery supply chain, from mining and refining the metals that go into the batteries powering its EVs and renewable energy storage products to the...
