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The Role of Critical Minerals in Clean Energy Transitions – World Energy Outlook Special Report

Minerals are an essential component for many of today’s rapidly growing clean energy technologies – from wind turbines and electricity networks to electric vehicles. But ensuring that these and other key technologies can continue to rely on sufficient mineral supplies to support the acceleration of clean energy transitions is a significant and often-ignored challenge. Debates around energy security have traditionally focused on oil and natural gas supplies – and more recently on electricity. But as energy transitions gather pace, policy makers need to expand their horizons to include new potential...
LithiumUSA

Wilkinson Minerals to triple its investment in Bay City salt brine mining operation

BAY CITY, MI - A mineral extraction company announced that it is planning to substantially increase its investment in Bay City. Wilkinson Minerals and representatives from the City of Bay City and Bay Future announced during Bay Future’s annual meeting on Wednesday, April 21 that the mining would be tripling its investment in Bay City while bringing more jobs to the area to operate a salt brine mining operation along the Saginaw River. Wilkinson Minerals was originally planning on investing $50 million into Bay City to start up it operations there. However, that...
Battery MaterialsCobaltNicket

Cobalt, nickel battery use rises as electric sports cars gain popularity

Despite a big drop from December’s blowout, largely due to seasonal factors, the February 2021 MINING.COM EV Metal Index, which tracks the value of battery metals in newly registered passenger EVs (including hybrids) around the world, still ranks as the fourth best month on record. Just shy of $300 million worth of lithium, cobalt, nickel and graphite hit roads in February, up 170% from the same month last year as the impact of the coronavirus only just started to ripple beyond China. For the first two months, the year on...
Battery MaterialsIPO & FundraisingUSA

Mining investor TechMet closes second funding round at $120 million

April 15 (Reuters) - Mining investment firm TechMet, which counts the U.S. government as its largest investor, said on Thursday it had closed its second round of funding at $120 million, roughly 50% higher than initially expected. The firm, which controls battery recycler Li-Cycle Corp, has now raised nearly $133 million between its two rounds of funding. TechMet plans to use the funds to continue investments in mines and other projects that produce metals used to make electric vehicles. "Our industry must completely transform itself in order to supply these strategic materials...
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