Why it matters:A global transition to cleaner mobility and power...

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Bouncingfiddle

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17/01/22

15:48

Post #: 58921954
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Originally posted by FrankMe: ↑

Global race intensifies for EV raw materials

A bunch of new developments highlights a wider trend: intensifying efforts by governments and corporations to secure key minerals needed for electric cars and other clean energy tech.

Driving the news:

Tesla and Talon Metals announced a deal on Monday to supply the electric automaker with at least 75,000 metric tons of nickel concentrates from Talon's planned mine in Minnesota. The Star Tribune has details.

Separately, mining giant BHP said that it's investing $100 million in a major project in Tanzania for mining nickel, a key material for vehicle batteries and energy storage projects. The FT has more.

Meanwhile, Bloomberg reports: "France is aiming to raise 1 billion euros ($1.1 billion) to help secure enough supply of metals for industries like battery manufacturing as prices of raw materials skyrocket."

Back in the U.S., California Gov. Gavin Newsom's just-proposed budget plan aims to help spur the development of lithium deposits in the Salton Sea area.

Why it matters:

A global transition to cleaner mobility and power sources is slated to bring soaring demand for materials like lithium, nickel, cobalt, rare earth minerals and more.

Catch up fast:

These are just the latest in a suite of plans among automakers, battery companies and others to lock down supplies of critical materials for electric vehicle components.
To take just one example, General Motors last month announced two deals aimed at securing magnets and their raw material for EV motors.

https://finance.yahoo.com/

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Food for thought on the Road to Mining Makuutu

GLTAH's

Frank

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Why it matters:

A global transition to cleaner mobility and power sources is slated to bring soaring demand for materials like lithium, nickel, cobalt, rare earth minerals and more.

Catch up fast:

Confirmation bias. Do you think in 2017 that people said the same things or not? but this time they are right?
IXR Price at posting: 5.7¢ Sentiment: None Disclosure: Not Held
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