Rio Tinto says to partner with InoBat to explore innovative lithium battery initiative

Global mining giant Rio Tinto and InoBat, a European battery technology and manufacturing company, have signed a Memorandum of Understanding to work together to accelerate the establishment of a “cradle to cradle” battery manufacturing and recycling value chain in Serbia, Rio Tinto said in a statement, adding that The partnership will cover the full commodity […]

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Current rally in metals prices may delay switching to green energy: IEA

Soaring metals prices may be good news for miners, but they put at risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel, cobalt, lithium and other minerals to be manufactured, a new report by IEA warns. According to The International Energy Agency (IEA), reaching the goals of the Paris […]

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Clean energy demand for critical minerals set to soar as the world pursues net zero goals

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Supplies of critical minerals essential for key clean energy technologies like electric vehicles and wind turbines need to pick up sharply over the coming decades to meet the world’s climate goals, creating potential energy security hazards that governments must act now to address, according to a report by the International Energy Agency.  The special report, The […]

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Greater govt involvement, sustainability in mining sector expected in 2021: Fitch Solutions

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As mineral and metal prices, production and consumption improve this year amid a broader and deeper economic recovery from the pandemic, the outlook for miners and metal players is positive, says research agency Fitch Solutions. It notes that this year will see a mix of traditional trends playing out and the acceleration of some relatively […]

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Seafloor deposits of minerals could soon become commercially available: WEF

Seafloor deposits of cobalt, nickel, lithium and other minerals could become a novel source of minerals for the global markets. According to a paper published by the World Economic Forum (WEF), resource exploitation industries need new frameworks for governance and these frameworks are taking shape for deep-sea minerals. In 2021, in fact, the International Seabed […]

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India to bid for hydrocarbon projects in Argentina; also to sign an agreement on Lithium

Argentina has invited companies from India to participate in the oil and gas exploration bidding rounds likely to be organized by the Argentine provinces. Additionally, India and Argentina are also having talks to implement an agreement in the field of lithium signed between the Indian company KABIL and Argentine JEMSE in July 2020. KABIL (Khanij […]

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Lithium-Ion battery production set to quadruple this decade: Wood Mackenzie

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The global lithium-ion cell manufacturing capacity pipeline could rise fourfold to reach 1.3 terawatt-hours (TWh) in 2030 compared to 2019, a new report by Wood Mackenzie states. This total capacity refers to 119 battery manufacturing facilities that are operational, under construction or announced by more than 50 vendors.  According to the UK-based research firm, Asian manufacturers such […]

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Covid-19 disrupts $8.8 billion of global mining output: S&P

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Covid-19 has impacted the mining industry across the globe as lockdowns and travel restrictions forced companies to halt or scale down operations  and suspend work on projects while re-opening plans are being waylaid by fresh outbreaks. S&P Global Market Intelligence in a new report has measured the impact of these mine closures and project delays, showing Latin America […]

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