lithium
The Critical Raw Materials Act (CRMA), recently adopted by the EU Council, paves the way for the European industry to deliver 10% of extraction, 40% of refining and 15% of recycling of key minerals by 2030. The new law identifies two lists of materials — 34 critical and 17 strategic — that are crucial for the green transition. Lithium is one of a small group of highly significant critical raw materials. Why Lithium?Lithium has been classified as a key component in the EU’s quest to ditch fossil fuels and switch to clean energy as the mineral is set to see increased demand for the massive produ...
Euronews (English)
US private equity giant Blackstone has recently announced that it has bought some property in Cambois, Northumberland, which investors had once expected would be used to build Britain’s first electric vehicle (EV) battery gigafactory. Britishvolt, a UK lithium-ion battery manufacturing start-up, backed by mining heavyweight Glencore, was supposed to take over this particular piece of land, in order to build a £3.8 billion (€4.45 billion) gigafactory. However, in January 2023, before the company could fulfil these ambitious plans, it went into administration. This led to over 200 employees bein...
Euronews (English)
Die Wirtschaftsprüfungsgesellschaft Deloitte warnt vor einer steigenden Abhängigkeit der deutschen Wirtschaft von Rohstoff- und Halbleiterimporten. In den vergangenen zehn Jahren sei der Anteil der Einfuhren vor allem aus Asien rasant gewachsen, heißt es in einer Studie des Beratungsunternehmens. Fast ein Viertel aller Halbleiter komme allein aus Taiwan, das Ende März von einem schweren Erdbeben getroffen wurde. Bei Batterien für E-Autos dominierten Importe aus China. Auch beim Batterie-Rohstoff Lithium sei die Volksrepublik der zweitwichtigste Lieferant nach Chile. «Es ist höchste Zeit, hier ...
DPA (German)
The 'lithium triangle' - spanning Argentina, Chile and Bolivia - is home to the largest reserve of lithium anywhere on Earth. This metal is key in the transition to net zero, used in electric car batteries, crucial to solar and wind energy and much more. But to extract it, mines suck water out of the white salt flats that cover this land. Land that has sustained thousands of Indigenous communities that have lived within here since before Elon Musk was but a glint in his mother's eye. As the world’s most powerful increasingly look to the triangle as a crucial puzzle piece in their plans, many w...
Euronews (English)
By Rusmir SMAJILHODZIC Lopare (Bosnie-Herzégovine) (AFP) - Un gisement qui tombe à pic, la promesse de milliers d'emplois, et une mine à ciel ouvert : autour de Lopare, en Bosnie, le sol est riche de magnésium et de lithium, matières premières critiques en Europe. Mais leur extraction inquiète. Le sol argileux de cette région vallonnée du nord-est du pays, un des plus pauvres d'Europe, a été exploré ces dernières années par la société suisse Arcore AG, qui souhaite approvisionner le gourmand marché européen. On y trouve "des quantités exceptionnellement intéressantes [de matières premières] po...
AFP (Français)
By Hera Rizwan The Geological Survey of India, which also evaluates India's mineral resources, discovered 5.9 million tonnes of lithium resources - a first for the nation - in the Salal-Haimana region of Jammu and Kashmir's Reasi district, according to areport released on February 9 by the Indian Ministry of Mines. Since then, the discovery has been hailed as a game-changer for India's green economy, but is it too soon to declare that it actually is one? Why is the discovery important for India?In today's world, lithium is one of the most crucial metals. Among other things, it's used to constr...
BOOM Live
New York (AFP) - US electric car maker Tesla is studying the possibility of building a lithium refinery in Texas and is seeking tax breaks from the state to complete the project, according to documents made public Friday. While the project is only in the feasibility stage, Tesla said the factory on the Gulf coast would be the first of its kind in North America, producing an element critical to the batteries used in the growing EV market. In an application sent to the Texas Comptroller at the end of August and made public on Friday, Tesla said the plant "will process raw ore material into a u...
AFP
Dogecoin is the cryptocurrency searched for the most in 23 states, the highest of any cryptocurrency.Bitcoin has the second highest number of states searching for it the most out of any other cryptocurrency.Seven states searched for Shiba Inu the most out of any cryptocurrencyQ1 2022 hedge fund letters, conferences and more The Most Googled CryptocurrenciesNew research has revealed the cryptocurrency that each state wants to invest in the most with Dogecoin taking the top spot. The analysis revealed that Dogecoin had the highest number of states wanting to invest in the cryptocoin with a total...
ValueWalk
Salton Sea (United States) (AFP) - Hollywood's jetset once crowded the shores of the Salton Sea, a then-idyllic southern California playground for the wealthy. Today, it is desolate and depressed -- the evaporating water leaving behind dead shellfish, dust and chemicals that irritate the airways. But also lithium. The increasingly valuable metal, whose supply is concentrated in a few global pockets, is vital for the rechargeable batteries expected to cleanly power the cars and homes of our polluted planet's future. "This is definitely the largest known (reserve) here in North America," says Ji...
AFP
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