Tag: mining

By on February 5, 2021

Indonesia has reportedly received an investment proposal from Tesla Inc. requesting access to its nickel reserves. Once the largest producer of nickel in the entire world, Indonesia’s government started enacting regulations on the exportation of specific mineral ores in an effort to boost the local smelting industry and set up a more robust supply chain focused on lithium batteries.

This resulted in a huge price surge in 2019, as the nation began running mining opportunities under the noses of various industries that would be interested in the raw materials necessary for battery production.

(Read More…)

By on September 1, 2020

Electric vehicle manufacturers are already struggling to maintain supply lines as demand for batteries increases in practically every industry in existence. Automakers have recently begun branching out to secure the raw materials necessary for their production while also trying to cozy up to battery suppliers who already know they have them over a barrel. Some, like Tesla, have even built their own facilities for battery production.

In August, Tesla CEO Elon Musk announced that the automaker would offer favorable deals to companies that could mine nickel in an ecologically friendly manner and help ensure it has an adequate supply of the metal for batteries. But there’s a problem: pretty much every automaker wants access to nickel and — much like cobalt  there are often serious implications regarding how it’s procured. As demand continues to grow, industry players will become increasingly reliant on regions lacking rigid environmental safeguards. (Read More…)

By on November 13, 2019

The lithium industry — essential for the production of battery electric vehicles — has run into a problem. It’s currently amassing more of the metal than it needs. Despite automakers like Tesla suggesting there will be upcoming global shortages of metals like copper, nickel, and lithium, the only element that battery suppliers appear to be truly desperate for is cobalt, which is largely the fault of where and how it’s mined (the Congo, often by children).

Demand for the brittle, bluish metal skyrocketed this year, but not lithium. The latter metal’s global supply currently exceeds demand by about 5 percent, according to data from Canaccord Genuity.  (Read More…)

By on August 27, 2015

 

Metals found in hybrid batteries, diesel fuel and headlight glass could again be subject to China’s ever-changing rules for rare earth exports.

On Wednesday, Molycorp announced that it would be suspending its mining operations of rare earth metals in California, but keep its mines in China and Estonia open for the time being.

The company, which went public in 2011, has fallen on hard times. In June, the company filed for Chapter 11 bankruptcy protection and slowing demand in China isn’t helping. However, without a mine in the U.S., much of the rare earth metal mined in the world could be under Chinese government purview, and that’s not good. (Read More…)

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