The Elements of Innovation Discovered
The Elements of Innovation Discovered
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Rising demand, lack of domestic supply, and China's dominance. While graphite has not captured the same level of media attention as some of the other mined materials critical to the clean energy transition, the strategic nature of this largest ingredient in lithium-ion batteries powering electric vehicles is high on the list of concerns for American automakers, Washington policymakers, and the Pentagon's top brass. These worries are based on a trifecta of graphite...
Li-Bridge alliance unveils blueprint to build resilient US lithium battery supply chain. A wide chasm lies between where the United States is today and securing the lithium battery mineral resources and manufacturing capacity required to achieve ambitious visions of a green energy future where electric vehicles are charged with low-carbon energy. An alliance of America's national laboratories and more than 40 companies representing the entire lithium battery supply chain have...
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...
Develops strategy to be the world's critical minerals supplier of choice Understanding that the renewable energy and electric vehicle revolution offers a "generational opportunity for Canada and its world-class mining sector," Ottawa is leveraging the nation's wealth of critical minerals to become a powerhouse that feeds raw materials into resource-hungry clean energy and technology supply chains. "Canada's Critical Minerals Strategy will position Canada as the global supplier...
Norway-based REEtec has confirmed the quality of a rare earths sample produced from Vital Metals Ltd.'s Nechalacho project in Northwest Territories, which means Vital can finish the first phase of its power-of-partnerships strategy to deliver Canadian rare earths to market by the end of 2021. Under this partnership strategy, a Northwest Territories First Nation contractor is mining high-grade rare earths ore from a near-surface deposit at Nechalacho; Vitals' Canadian...
Instead of the economies-of-scale strategy typically used to get a viable rare earths project into production, Australia-based Vital Metals Ltd. has taken a power-of-partnerships approach to rapidly begin supplying global markets with rare earth oxides from its Nechalacho project in Canada's Northwest Territories. Under this partnership strategy, Vital has contracted a local First Nations to do the mining. It will apply its own expertise to upgrade the ore to a REE...
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...
A 12-kilogram (26.5 pounds) sample of rare earth carbonate from Vital Metals Ltd.'s Nechalacho project in Canada's Northwest Territories takes the Australian mining company one step closer to its goal of commercially producing REEs this year. "Production of our bulk sample for REEtec is another important step towards reaching full production at Nechalacho," said Vital Metals Managing Director Geoff Atkins. Produced from a bulk sampling program at Nechalacho, this first bag of...
Roughly 38,000 metric tons of rare earth concentrates were produced from American soil during 2020, yet the United States remains 100% reliant on foreign countries for its supply of these 17 elements critical to our modern high-tech society – an apparent paradox that speaks to the complexities of these enigmatic metals. The irony of rare earth elements (REEs) begins with their name, which is at the same time a misnomer and accurate descriptor. "All the REEs except p...
While the history of human innovation is a series of discoveries, each building on the last, there are certain "eureka moments" that mark a shift in the trajectory of mankind – taming fire, stone toolmaking, Bronze Age metalworking, the printing press, and harnessing electricity to name a few. The history books may one day reflect on these opening decades of the 21st century as one of those rare occasions that human innovation makes a leap that necessitates a new chapter be w...
