NewsRoom Articles - Page 96 of 188

TuesdayMay 16, 2023 3:43 pm

India May Soon Stop Construction of New Coal Plants

Sources have revealed that India may be planning to halt construction of new coal-fired power plants by eliminating a certain clause from its National Electricity Policy. If the final draft of this policy is approved after this change is made, China would become the only economy in the world open to increasing its coal-fired capacity. Currently, China and India make up roughly 80% of all active coal projects in the world. This comes at a time when most developing nations are reducing their capacity in an effort to meet their set climate targets to reduce CO2 emissions. Data from E3G…

MondayMay 15, 2023 3:49 pm

Countries with Most and Least Gold, Cash Reserves

The coronavirus pandemic, the climate crisis and banking turbulence are only a few of the crises affecting countries around the globe. In an effort to keep their economies afloat and continue importing needed goods, nations have depended on their foreign reserves. At the start of the pandemic, governments used their gold and cash reserves to stay afloat, with countries such as Turkey recording a significant decline in gross foreign-currency reserves. Governments of nations with more reserves, such as the United States, Switzerland and Japan, have a larger safety net in the event of a crisis. Data from the IMF and…

MondayMay 15, 2023 10:30 am

Battery Mineral Resources Corp. (TSX.V: BMR) (OTCQB: BTRMF) Maintaining 2022 Momentum into 2023

“2022 has been a year of accomplishments,” reported Battery Mineral CEO in year-end summary Company anticipates “placing ourselves in a strong position to participate in a robust copper sector in 2023” So far this year BMR has announced key community and social initiatives at its Punitaqui Project and completed a policy, strategy and implementation guide Following a “transformational” year in 2022, Battery Mineral Resources (TSX.V: BMR) (OTCQB: BTRMF) is continuing to see significant growth and progress in 2023. In its 2022 summary to shareholders, the company recounted the year’s highlights and pointed toward an equally successful 2023 (https://ibn.fm/9vH3P). In the…

MondayMay 15, 2023 9:45 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Looking to Bolster North American REE Dominance Amid China’s Move to Ban Rare Earth Metal Exports

Nikkei Asia has reported plans for China to amend its 2020 technology export restriction list with propositions to either ban or restrict exports of technology to process and refine rare earth elements These developments have encouraged both Washington and Tokyo to develop rare earth supply chains with little to no dependence on China Ucore has long been focused on growing North America’s REE self-reliance in response to these developments, and its recent announcement of a $75 million investment in capital expenditures (CapEx) over the next four years points to a company committed to helping North America achieve full autonomy and…

ThursdayMay 11, 2023 3:35 pm

Apple to Use 100% Recycled Cobalt in Batteries by 2025

Last month, Apple announced its new target to utilize 100% recycled cobalt in its batteries by 2025. This is in line with its plans to increase the use of recycled materials in its products. The company also revealed that by the same year, all printed circuit boards designed by Apple would use 100% recycled gold plating and tin soldering while magnets in all its devices would use recycled rare earth elements. Last year, Apple increased the use of recycled metals. Currently, the company sources more than 95% of all tungsten, almost three-quarters of all rare earth metals and more than…

WednesdayMay 10, 2023 3:26 pm

Report Forecasts Demand Increase for Magnet Rare Earths

Adamas Intelligence recently released a report which forecasts that the worldwide demand for neodymium magnets will rise at a compound annual growth rate (CAGR) of 7.5% in the period between 2023 and 2040. Neodymium magnets or NdFeB as they are also known, are widely used rare-earth magnets made of iron, neodymium and boron. Adamas Intelligence is an independent research and advisory company based in Toronto, Ontario, focused on critical minerals and metals research. The company believes the demand for the metals will be bolstered by the growth of the wind power and electric vehicle sectors. The report states that this…

TuesdayMay 09, 2023 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) CEO: Superior REE Separation Tech Being Demo’d Will Give North America Advantage in Production

Canada-headquartered critical metals company Ucore Rare Metals Inc. is in the process of demonstrating its flagship rare earth element (“REE”) separation technology and is preparing to begin construction on its first commercial-scale processing facility later this year Ucore’s proprietary RapidSX(TM) solvent extraction process will provide a unique advantage to the standard SX extraction process used for REEs throughout the world, using the same elements as SX but rapidly accelerating production time Rare earths are vital elements for modern high-powered technologies ranging from cell phones to electric vehicle magnets China currently controls the REE separation market and Ucore’s plans are poised…

MondayMay 08, 2023 3:32 pm

International Finance Corporation Stops Funding New Coal Projects

The International Finance Corporation (IFC) is the biggest development institution globally, focused on the private sector in developing nations. This institution recently announced its plans to stop supporting new coal projects under its updated Green Equity Approach Policy. Prior to this, the policy required its clients to decrease their exposure to zero by 2030. Financial intermediaries make up over one-half of the institution’s investments and have been granted nearly $40 billion since 2019. This support has allowed its clients to support a number of new coal projects over the last five years. For instance, PVI Holdings offered insurance to Vietnam’s…

FridayMay 05, 2023 11:37 am

New Tech Helps Farmers Optimize Fertilizer Application

Almost two decades ago, Lake Victoria was contaminated with a type of algae known as cyanobacteria, which caused it to turn green. The lake, which borders Kenya, Tanzania and Uganda, is said to be the biggest lake in Africa. The contamination wasn’t an isolated incident, however, as data shows that roughly 40% of lakes and reservoirs globally have been impacted by this contamination. Fertilizers are said to be the main cause, with irrigation and rainfall eventually causing the nutrients in fertilizers to run off into rivers and lakes or sink into groundwater. The algae in the water then rapidly reproduces…

FridayMay 05, 2023 9:45 am

Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) Seeks to Supply the North American EV Battery Supply Chain

The U.S. Inflation Reduction Act is set to drive a boom in the U.S. electric vehicle industry Under the scheme, vehicles which source at least 40% of their components from North America or U.S. trade partners can be eligible for tax credits of up to $7,500 Most of the world’s graphite current comes from North-Eastern China with only one functioning natural graphite mine within North America at present Reflex Advanced Material are working towards developing two potential graphite mining sites within North America, with the goal of supplying the burgeoning U.S. EV battery supply chain On the outskirts of the…

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