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Search resuls for: "Ernest SCheyder"


5 mentions found


☆ Analysis: Biden's EV minerals cash fruitless without permitting reform
  + stars: | 2022-10-24 | by ( Ernest Scheyder | Thomson Reuters | Covers The Future Of Energy | ) www.reuters.com   time to read: +4 min
President Joe Biden last week doled out $2.8 billion to miners developing new U.S. sources of lithium, nickel, copper and other EV minerals, as well as battery parts manufacturers and recyclers. Those grants followed August's Inflation Reduction Act, which links EV tax credits to minerals extracted domestically or from 20 allies. "People have a misconception about how quickly we can get mines up and running given the U.S. permitting process," said Megan O'Connor, Nth Cycle's CEO. "Hopefully, they'll give us some help and fast track some of the permitting process," said Kent Masters, Albemarle's CEO. The yawning divide between America and China's approaches to funding the EV supply chain is now a top concern for many policymakers and their advisers in the nation's capital.
☆ Albemarle to stay in Europe if lithium declared hazardous by EU, CEO says
  + stars: | 2022-10-19 | by ( Ernest Scheyder | Thomson Reuters | Covers The Future Of Energy | ) www.reuters.com   time to read: +2 min
A sacks of lithium carbonate is seen at Albemarle Lithium production facility in Silver Peak, Nevada, U.S. October 6, 2022. The European Commission is weighing a proposal by the European Chemicals Agency (ECHA) that would classify lithium carbonate, chloride and hydroxide as dangerous for human health. Albemarle has been lobbying against the proposed rules, but believes that they're likely to be approved, Kent Masters, Albemarle's CEO, said in an interview. Albemarle had warned earlier this year that the regulations might force it to close a processing plant in Germany. Europe produces very little lithium and must import the metal to processing facilities such as Albemarle's.
☆ U.S. may block Russian aluminum imports -source
  + stars: | 2022-10-12 | by ( Trevor Hunnicutt | ) www.reuters.com   time to read: +2 min
WASHINGTON, Oct 12 (Reuters) - The Biden administration is weighing restricting imports of Russian aluminum as it charts possible responses to Moscow's military escalation in Ukraine, a person briefed on the conversations told Reuters. Rusal (RUAL.MM), the world's largest aluminum producer outside China, did not immediately reply to a Reuters' request for comment. Russian attacks using more than 100 missiles have killed at least 26 people across Ukraine since Monday, when Russian President Vladimir Putin ordered what he called retaliatory strikes against Ukraine for an explosion on a bridge. Shares of U.S.-based aluminum producer Alcoa Corp (AA.N) were last trading up 5.1% in New York, following the report. Shares of Rio Tinto Plc (RIO.L), which produces aluminum as well as iron ore, copper and other metals, fell about 1% on Wednesday in London.
☆ South Africa mine dam collapse highlights patchy regulation
  + stars: | 2022-09-23 | by ( Nelson Banya | ) www.reuters.com   time to read: +4 min
A general view of the aftermath of a mine dam wall collapse in Jagersfontein, South Africa, September 12, 2022. Register now for FREE unlimited access to Reuters.com RegisterThe disaster has raised questions about who should be responsible for tailings dams oversight in South Africa and across the world. The Jagersfontein dam burst follows the brumadinho tailings dam collapse in Brazil nearly four years ago, which killed hundreds when a Vale SA (VALE3.SA)-owned dam collapsed. South Africa's government, mining industry and experts are still in the process of updating the country's tailings code to align with the global standard, the Minerals Council of South Africa said. The experts say, for example, that the global standards require a clearer responsibility and accountability structure than the current mine residue code in South Africa.
☆ Toyota-Panasonic battery JV to buy lithium from ioneer's Nevada mine
  + stars: | 2022-07-31 | by ( Ernest Scheyder | Thomson Reuters | Covers The Future Of Energy | ) www.reuters.com   time to read: +2 min
The deal includes a commitment from PPES that ioneer's lithium will be used to build EV battery parts inside the United States for the U.S. EV market. "The whole purpose of this agreement is for this lithium to be used in the United States," James Calaway, ioneer's executive chairman, told Reuters. The amount of lithium that ioneer will supply PPES is enough to make batteries for about 150,000 EVs annually, though that figure would vary depending on design and other factors. Australia-based ioneer aims to produce about 21,000 tonnes of lithium in Nevada annually starting in 2025. It signed a supply deal with Ford Motor Co (F.N) in mid-July and last year with South Korea's Ecopro Co (086520.KQ).
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