NewsRoom Articles - Page 174 of 211

MondayAug 02, 2021 3:00 pm

Analysts Forecast Precious Metals Shortage in Near Future

Analysts expect that in the near future, the global mineral market may experience a shortage of metals followed by a sharp increase in metal prices. The analysts explain that the shortage will be driven by the globally growing popularity of energy storage systems and electric cars as well as the increase in demand for clean sources of energy. Estimates released by the International Energy Agency state that by 2040, the demand for lithium will have grown by more than 40 times, while that for nickel and cobalt would have increased by 20 times in the same time frame. Other precious…

FridayJul 30, 2021 2:55 pm

Experts Say Inadequate Mineral Refining Capacity Could Jeopardize Renewable Energy Agenda

Earlier in April, the Biden Administration revealed its plans for renewable energy, which require mining projects that increase the country’s access to the minerals needed to build solar panels, wind turbines and electric cars. However, its decision to postpone orders that allow for mineral development on Alaskan land and another to halt a land swap that would allow for copper to be mined on sacred Apache land has been heavily criticized by Republicans in the country. While many believe that not expanding the country’s mining during the energy transition in order to increase competition with China on the critical mineral…

ThursdayJul 29, 2021 2:48 pm

Liquid Ore: The Future of Green Mining

There exists a correlation between the production of renewable energy and mining output that can be seen in the rising demand for nonmetallic and metallic minerals, which is being driven by the demand for batteries and other elements needed for the production of energy from renewables like solar and wind. A recent study conducted by researchers from Oxford University has found that liquid ores may soon become the standard for green mining in the natural resource sector. As more countries shift to the use of renewable energies in an attempt to reduce emissions and the emphasis on ESG issues grows,…

WednesdayJul 28, 2021 1:45 pm

Renewable Energy Lab Predicts Decline in Cost of Battery Storage Systems

The NREL recently released a report that examines both the performance and cost of different transport and electricity technologies. The lab included various energy storage technologies in its forecast, in addition to residential and commercial solar PV, utility, offshore and onshore wind as well as other technologies. The report predicts substantial decreases in the cost for battery energy storage in the period between now and 2030, noting that the declines in cost will continue to 2050. With regard to energy storage, the annual technology baseline report includes pumped storage hydropower, residential and commercial battery storage analysis as well as utility-scale…

TuesdayJul 27, 2021 3:40 pm

Canadian Government Invests $40 Million to Support Innovation Advancements in Mining Sector

Last week, Canadian Minister of Innovation, Science and Industry, the Honorable François-Philippe Champagne, announced that a $40 million investment would be made to the Centre for Excellence in Mining Innovation Inc. to help boost the mining sector, which is a crucial part of Canada’s economy. The investment is being made via the Strategic Innovation Fund, which has been designed to support and attract high-quality business investments across all the economy’s sectors. The investment would support the establishment of the Mining Innovation Commercialization Accelerator Network in the country’s mining sector. Canada is rich in critical minerals, which are crucial to the…

MondayJul 26, 2021 2:15 pm

Worldwide Uranium Production Set to Register 3.1% Recovery in 2021

Figures show that the global production of uranium will recover by more than 3% this year, owing to the resumption of operations at Canada’s Cigar Lake mine as well as other mines that were suspended last year. In addition, while the mineral’s production in Australia will continue to decrease because of the halt in operations at the Ranger mine, Russia and Kazakhstan will record significant increases in their output. In the recent past, international production has been limited, primarily because of a slow uranium market, which was affected by the coronavirus pandemic. Last year, global uranium production decreased by more…

FridayJul 23, 2021 2:30 pm

Study Highlights Need for Emphasizing Sustainability During Lithium Production

A recent study conducted by researchers from the Argonne National Laboratory, which is under the Department of Energy in the United States, has discovered new insights into the process of producing lithium and how it is associated with environmental sustainability in the long term, especially in the transportation field with electric cars and batteries. The study, which was published in the “Resources, Conservations & Recycling” journal, was conducted in collaboration with SQM, one of the largest producers of lithium globally. SQM is a Chilean chemical company that is engaged in the supply of plant nutrients, iodine and industrial chemicals, in…

FridayJul 23, 2021 10:00 am

StorEn Technologies Inc. Builds on Vanadium Flow Battery Tech to Deliver Game-Changing Energy Storage Options

StorEn’s batteries deliver superior performances at a lower cost Company’s exclusive vanadium flow battery technology is based on a rechargeable flow battery With its innovative vanadium flow battery tech as a backdrop, the company is in the process of a RegA offering with four different investment tiers From the first all-vanadium flow battery created almost four decades ago, StorEn Technologies has developed a revolutionary vanadium flow battery technology that has potential to revolutionize the energy-storage space. StorEn’s batteries deliver superior performances at a lower cost; they also fulfill growing market demand for more efficient and cost-effective energy storage (https://ibn.fm/Cw1Z4). StorEn’s…

ThursdayJul 22, 2021 3:00 pm

An Overview of the Five Stages of Gold Mining

To a casual observer, mining gold seems simple: find ore, extract it then process it into gold. However, this isn’t the case since mining for gold is a more complex process which occurs in stages. Before the precious metal can be extracted, firms are required to explore the area in order to accurately determine the size of the deposit and how the ore can be extracted and processed responsibly, safely and efficiently. It takes one to two decades before a gold mine is ready to produce raw material which can be refined. Below we look at the first three life-cycle…

ThursdayJul 22, 2021 10:00 am

StorEn Technologies Inc. Touts Benefits of Vanadium Flow Batteries

Renewable energy is the future of energy Vanadium batteries are uniquely suited to the task of rolling out renewable energy on a larger scale Perhaps one of the most compelling advantages of vanadium flow batteries is their cost The debate is over, according to a recent StorEn Technologies blog: renewable energy is the future of energy (https://ibn.fm/IlQCs). The only discussion left, according to the company, is identifying the best path to get there. “At StorEn Technologies, we believe that vanadium flow batteries are the key to making sustainable energy sources like solar power more widely accessible,” states the blog, which…

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