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...
An expensive new risk for Western manufacturers and their investors. This past June, German chemicals giant BASF backed out of a planned $2.6 billion nickel refinery in Weda Bay, Indonesia. While the company cited changing dynamics in the global nickel market, BASF also faced calls to abandon the project from environmental and human rights groups. BASF's decision to walk away should focus the clean energy and automotive sector's attention on a new risk profile: Indonesia's...
Will the controversial metal find its place in green tech? About 30 years ago, nobody thought much about cobalt. Today, this metal, with myriads of uses, is one of those elements that gets dragged into the spotlight due to the role it plays in electric vehicle batteries, with critics citing the disparity between the environmental and social costs of producing cobalt and the green tech solutions this critical metal enables. But we can't build a clean energy future without...
Brazil-based miner is working with Komatsu and Cummins to develop dual-fuel engines that are expected to reduce CO2 emissions by 70%. In a move that is expected to significantly lower the carbon dioxide emissions from the large mining trucks at its mines and strengthen the biofuel industry, Brazil-based mining giant Vale has partnered with Komatsu and Cummins to develop engines that burn a mix of ethanol and diesel. Under this Dual Fuel Program, the partners will focus on...
Countries combine interests in security, defense, and the growing need for raw materials and processing for the oncoming energy transition. Australia is expanding its cooperation with India on critical minerals, batteries, and electric vehicles, batteries. Critical minerals such as copper, cobalt, lithium, nickel, and rare earth elements are essential components in today's rapidly growing clean energy technologies, from adapting power grids to powering EVs. Both countries have...
Safety concerns after recent battery fires encourage transparency from automakers. Following several recent publicized incidents of electric vehicles catching fire in South Korea, Hyundai Motors will be the first to reveal a list of the battery makers used in its 13 EV models, with Kia to follow suit. At the top of these headline-grabbing stories was a parked Mercedes-Benz EV that caught fire below a residential building in Incheon, South Korea. The fire caused a prolonged...
BHP, Rio Tinto, Komatsu, and Caterpillar forge an alliance to accelerate deployment of battery-electric haul trucks. With all paths to net-zero-emissions mining leading through the ability to move rock without emitting carbon, two global mining companies are teaming up with two of the world's largest heavy equipment manufacturers to accelerate the development and deployment of battery-electric haul trucks. This landmark collaboration between BHP, Rio Tinto, Komatsu, and...
Merger aims to boost recycling capabilities, enhance the supply chain with critical metals, and drive growth in the electrified economy. Marking a pivotal step toward enhancing the electrified economy, American Resources Corp.'s subsidiary, American Metals LLC, has inked a definitive business combination agreement with AI Transportation Acquisition Corp. American Metals has evolved into a dynamic arm of American Resources Corp., a multifaceted company now spearheading sectors...
Increasing responsible sourcing demand puts a spotlight on mining sector. Artisanal and small-scale mining (ASM) is a term that describes the subsistence mining sector, where locals work independently using low-tech methods of manual extraction, physical labor, and basic tools. Many rural communities are historically reliant on artisanal mining for their livelihoods. However, that same history also involves poor working conditions, human rights violations, predatory land...
Changing how the West approaches globalism will be the key to a circular economy the whole world can get behind. The Western world has found itself in a unique crisis that has brought systemic vulnerabilities into sharp relief. An overreliance on problematic imports has been exposed (especially post-COVID) as a rat's nest of potential supply chain disruptions, global inequality, deregulation and competition-killing corporate consolidation – all while leaving the power of marke...
Massive geothermal lithium reserves give U.S. leverage while superpowers employ protectionist measures around supply chains. There's a new international race, not into space or to establish military superiority, but to secure critical minerals in a worldwide resource grab for the feedstocks that will fuel a global green energy transition. While we're all on the same side – or, in this case, the same planet – the superpowers have been at odds with how to achieve net-zero car...
Pair of minerals offers potential to lower carbon emissions from mining nickel at Baptiste deposit. The prospect of producing low-carbon nickel needed for lithium-ion batteries and stainless steel at FPX Nickel Corp.'s Baptiste project in central British Columbia has captured the attention of a broad array of global corporations and investors. A road-accessible project about three miles (five kilometers) from rail connected to the deep-water port at Prince Rupert, B.C., the...
Reshoring mineral supply chains lost to globalization is a key part of DOD National Defense Industrial Strategy The urgency to onshore critical mineral supply chains in the United States has begun to shift away from a need to secure reliable sources of the minerals and metals needed to support the nation's economy and clean energy ambitions toward the need for these same mined commodities to defend American ideals and interests at home and abroad. "Establishing a fully...
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...
Komatsu will use ABS batteries in its expanding line of electric mining equipment; ABS will operate as a separate entity. In a significant move for future battery manufacturing in the United States, Komatsu Ltd., through its United States-based subsidiary Komatsu America, has cut a deal to acquire American Battery Solutions Inc. Located in the heart of the U.S. automotive industry, American Battery Solutions was founded in 2019 by long-time battery industry pioneer Subhash...
A flurry of industry partnerships on battery material projects followed landmark alliance between nations. In a move that aligns Canada's rich minerals endowment with Japan's battery-making expertise, the two countries have entered into a historic battery supply chain agreement. "Canada and Japan are committed to advancing our shared ambitions to develop sustainable and reliable global battery supply chains," said Canada Minister of Innovation, Science, and Industry...
Every electric vehicle rolling off an assembly line increases the demand for graphite by an average of around 160 pounds. With more than 30 million EVs expected to hit global highways each year by 2030 and upwards of 45 million by 2045, the transition to e-mobility will require up to eight times more graphite than was mined globally during 2022. While graphite has not received the attention of other EV battery ingredients such as cobalt, lithium, and nickel, this highly...
Data Mine North launched the first edition of Critical Minerals Alliances in 2021 with the hopes that this annual magazine would play some small role in helping to build alliances "that are not crippled by irreconcilable differences between organizations and individuals that do not always see eye-to-eye but strengthened by a spectrum of ideologies with a common goal – a healthy, prosperous, and exciting future for humankind." Today, the alliances envisioned by the Data Mine N...
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...
There is nearly a $1 trillion chasm between where the United States' lithium battery supply chain is today and where it needs to be by 2035 in order to build the envisioned green energy future where electric vehicles are charged with low-carbon energy. Roughly 40% of this investment will need to go toward ensuring there is a plentiful supply of cobalt, graphite, lithium, nickel, and other battery materials. Simon Moores, CEO of Benchmark Mineral Intelligence and one of the...
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...
Urges the mining industry to build goodwill and trust to survive societal, geopolitical, and new technology megatrends in a changing world. Newmont President and CEO Tom Palmer did not waste his keynote address at the Minerals Week 2023 gathering in Australia to tout the many achievements of the world's largest gold mining company he leads. Instead, he delivered a powerful and sometimes foreboding message to the mining leaders in the room and around the world about the...
Automaker funds will support the production of green lithium in California; CTR plans to ship first batch in 2027. To support what will be an important American supply of green lithium for the batteries that will power its growing line of electric vehicles, Stellantis has agreed to invest $100 million to advance the development of Controlled Thermal Resources' Hell's Kitchen geothermal lithium project in the Salton Sea area of Southern California. "This substantial investment...
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...
