A recent white paper has laid out some of the challenges in supplying minerals for any energy transition from fossil fuels, offering a timely warning for policymakers as the increased demand for electric vehicles (EVs) drives up the costs of materials used in such products. Notably, the benchmark prices of lithium, lithium carbonate, and lithium…
With Lithium Prices Up Ninefold, Report Underscores US Dependence on Foreign Minerals
April 11, 2022
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Drilling Starts at Salton Sea as US Faces Lithium Shortage
Companies are starting to drill for lithium at the Salton Sea in Southern California, but it may not be enough to supply the growing demand for the mineral, which is crucial for the development of “green energy.” “The global battery arms race has become a global battery supply chain race,” Simon Moores, CEO of Benchmark…
World Chinese Mining Operations Embroiled in Disputes and Losses
For over a decade, Chinese companies have played an increasing role in international mining investment, spending billions of dollars buying out foreign mines worldwide. However, Chinese mining firms have recently been facing disputes in the host countries over payments, environmental protests by locals, or government policy changes. These ongoing disputes have cost the companies dearly….
China’s Share of the Lithium Market Is Staggering
March 15, 2022
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News Analysis “China controls the processing of pretty much all the critical minerals, whether it’s rare earth, lithium, cobalt or graphite,” said Pini Althaus, CEO of USA Rare Earth It is estimated that mainland China has 75 percent to 80 percent of the global lithium battery supply. This is not a mistake. China may have…
Russia to Lose ‘Most Favored Nation’ Status; Truckers Face Skyrocketing Fuel Costs | NTD Business
The West is further escalating sanctions against Russia. The United States, together with Europe, is set to end normal trade relations with the country, making it more difficult for Russia to do business with the West. Activist investors confront Disney over its relationship with the Chinese regime and the company’s race-based employee training. Electric vehicle batteries…
Biden Admin Announces Plan for Domestic Refining of Critical Tech Minerals
The Biden administration has announced a domestic plan for processing and refining minerals that are critical to modern technologies. It comes as part of an effort to reduce the United States’ dependence on China, according to a White House release on Feb. 22. The plan includes a $35 million award from the Department of Defense…
Biden Admin Announces Plan for Domestic Refining of Critical Tech Minerals To Reduce Dependence on China
The Biden administration has announced a domestic plan for processing and refining minerals that are critical to modern technologies. It comes as part of an effort to reduce the United States’ dependence on China, according to a White House release on Feb. 22. The plan includes a $35 million award from the Department of Defense…
Buy the Dips Is Becoming Sell the Rips, yet Good Investment Opportunities Abound
Commentary We have most likely begun a cyclical bear market. Such things used to be fairly commonplace, along with the lesser 10–15 percent or so corrections within broad stock up-trends. Particularly since the start of the pandemic two years ago, the Federal Reserve has all but outlawed such moves with its BIG thumb on the…
Tesla Locks in Lithium Megadeal from Australia Amid Global Shortfall
February 17, 2022
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Tesla has inked a five-year agreement to secure a significant stock of lithium from Australia as competition for global supplies sends prices of the mineral skyrocketing. Liontown Resources plans to commence production in 2024 at its flagship Kathleen Valley lithium project in Western Australia, where it will supply Tesla with 100,000 tonnes of lithium concentrate…
Lithium Wars–It’s ‘Game On’ for China and the US
Commentary The United States is well on its way to creating a lithium demand curve that may only be met by China—but only if Beijing feels like it. That’s because the United States—along with the European Union—continue to pass laws and promote the replacement of gasoline- and diesel-powered cars and trucks with electric vehicles (EV)….
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