A surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals (PGMs) in the coming years, similar to the extended lifespan now predicted for coal. https://lnkd.in/gPMdzstk #palladium #PGE #criticalmetals #platinumgroup #gonnevilleproject
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Hybrid cars throw lifeline to platinum metals - https://lnkd.in/dtMvjMCy Quotes from the article: A surge in sales of hybrid cars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals (PGMs) in the coming years, similar to the extended lifespan now predicted for coal. PGMs - principally platinum and palladium - face a long-term structural decline in demand as their main use has been to clean auto exhausts, a process that is not needed in pure EVs. A few years ago, the prospects for PGMs, and producers such as Anglo Platinum, Impala Platinum and Sibanye Stillwater, appeared grim as EV sales soared and the drop-off in demand was expected to be steep. "You're still facing an outright demand decline, but there's not an immediate collapse, which could have been the projection in some (previous) scenarios," said Marcus Garvey, head of commodities strategy at Macquarie Bank in Singapore. The increase in sales of pure EVs globally in the first half of 2024 slowed to 11% year-on-year, while plug-in hybrid (PHEV) sales jumped 44%, according to consultancy Rho Motion. For EVs, the figures are a big fall-off from two years ago when sales rocketed 77%. The rise of hybrids could last until 2030 or longer, extending the period when PGMs are needed, analysts said. "The shift to hybridisation could be quite meaningful for the longer-term sustainability of the PGM industry," said Wilma Swarts, director of PGMs at consultancy Metals Focus. The weakness in EV sales means that combined sales of petrol and hybrid cars, which was expected to be flat last year, climbed by 9%, according to catalyst maker and PGM specialist Johnson Matthey. #platinum #palladium #rhodium #platinumgroupmetals #pgms #mining #miningindustry #internalcombustionengines #vehicleemissions #airpollution #lunghealth #NOxemissions #smog #photochemicalsmog #acidrain #catalyticconverters #electricvehicles #electriccars #electriccarrevolution #newenergyvehicles #batterypoweredvehicles #hybridcars #pluginhybrids #energytransition
Hybrid cars throw lifeline to platinum metals
reuters.com
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Pace of transition from IC to EV, and from coal to renewables have often been overestimated. ▶️ Are developing economies ready to embrace inflationary headwinds from investment in renewables❓️ ▶️ Do we have supportive infrastructure ❓️ ▶️ Most importantly, need of enormous capital for renewable and storage capacity. #energytransition #thermalpower #ev
"The shift to hybridisation could be quite meaningful for the longer-term sustainability of the #PGM industry," said Wilma at Metals Focus Ltd A surge in sales of #HybridCars as electric vehicle take-up slows is set to provide an unexpected boost to demand for platinum group metals in the coming years, similar to the extended lifespan now predicted for coal. https://bit.ly/3XB8OAq Polina Devitt #EVs #PHEVs #platinum #palladium Rho Motion, Macquarie Group, AlixPartners, CRU GROUP
Hybrid cars throw lifeline to platinum metals
reuters.com
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Can The Metals Company (TMC) overcome financial hurdles to drive sustainable EV battery production? Gerard Barron, Chairman and CEO of TMC, emphasizes the importance of harvesting metals like nickel and cobalt for low-carbon energy. Backed by its shareholders, TMC is pushing forward despite challenges. #EVs #DeepSeaMining #Metals
The Metals Company Sweeping Sea Bed for Battery Materials
miningdigital.com
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In 1999, Keestrack introduced a load sensing diesel/hydraulic drive system, saving 25% fuel compared to competitors. By 2012, they launched a full electric plug-in drive, starting with the C6e classifier. Since then, e-drives have been integrated across their product range, with plug-in functionality for ancillary equipment. In 2021, the drop-off gen-set evolved into a tracked engine/genset (Keestrack M-series), powering crushers, screeners, and stackers directly with electricity when grid connection is unavailable, streamlining production efficiency. Follow @keestrackindia and @keestrack #etrackcrushers #keestrack #evolution #performanceineverydetail #zeroemissions #jointheevolution #k8 #k5 #b5 #h6 #keestrackseries #scalperseries #hybridmachines #futureofinnovation #constructionmachine #mining #rockcrushing #conecrusher #miningequipment #quarry #crushing #crusherparts #crusherlife #construction #mobilecrusher
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𝗕𝘂𝗶𝗹𝘁 𝗳𝗼𝗿 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆, 𝗗𝗿𝗶𝘃𝗲𝗻 𝗯𝘆 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝖬𝗂𝗇𝗂𝗇𝗀 𝖽𝖾𝗆𝖺𝗇𝖽𝗌 𝗆𝗈𝗋𝖾 𝗍𝗁𝖺𝗇 𝗃𝗎𝗌𝗍 𝗉𝗈𝗐𝖾𝗋 – 𝗂𝗍 𝗋𝖾𝗊𝗎𝗂𝗋𝖾𝗌 𝗉𝗋𝖾𝖼𝗂𝗌𝗂𝗈𝗇, 𝖾𝗇𝖽𝗎𝗋𝖺𝗇𝖼𝖾, 𝖺𝗇𝖽 𝗌𝗎𝗌𝗍𝖺𝗂𝗇𝖺𝖻𝗂𝗅𝗂𝗍𝗒. 𝖳𝗁𝖾 𝗕𝗥𝗧-𝟭𝟮𝟬𝗘, 𝖡𝗋𝖾𝗍𝗈𝗇’𝗌 𝗅𝖺𝗍𝖾𝗌𝗍 𝗽𝘂𝗿𝗲 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗺𝗶𝗻𝗶𝗻𝗴 𝘁𝗿𝘂𝗰𝗸, 𝖻𝗋𝗂𝗇𝗀𝗌 𝖺𝗅𝗅 𝗍𝗁𝖺𝗍 𝖺𝗇𝖽 𝗆𝗈𝗋𝖾. 𝖤𝗊𝗎𝗂𝗉𝗉𝖾𝖽 𝗐𝗂𝗍𝗁 𝖺 𝟩𝟤𝟦 𝗄𝖶𝗁 𝗅𝗈𝗇𝗀-𝗅𝗂𝖿𝖾 𝖻𝖺𝗍𝗍𝖾𝗋𝗒, 𝖺 𝖽𝗎𝗋𝖺𝖻𝗅𝖾, 𝗂𝗆𝗉𝖺𝖼𝗍-𝗋𝖾𝗌𝗂𝗌𝗍𝖺𝗇𝗍 𝖼𝖺𝗋𝗀𝗈 𝖻𝗈𝗑, 𝖺𝗇𝖽 𝖺𝗇 𝖺𝖽𝗏𝖺𝗇𝖼𝖾𝖽 𝗌𝗎𝗌𝗉𝖾𝗇𝗌𝗂𝗈𝗇 𝗌𝗒𝗌𝗍𝖾𝗆, 𝗂𝗍’𝗌 𝖽𝖾𝗌𝗂𝗀𝗇𝖾𝖽 𝗍𝗈 𝗆𝗂𝗇𝗂𝗆𝗂𝗌𝖾 𝖽𝗈𝗐𝗇𝗍𝗂𝗆𝖾 𝖺𝗇𝖽 𝖾𝗇𝗁𝖺𝗇𝖼𝖾 𝗉𝖾𝗋𝖿𝗈𝗋𝗆𝖺𝗇𝖼𝖾. 𝖳𝗁𝖾 𝗂𝗇𝗍𝖾𝗅𝗅𝗂𝗀𝖾𝗇𝗍 𝗍𝗁𝖾𝗋𝗆𝖺𝗅 𝗆𝖺𝗇𝖺𝗀𝖾𝗆𝖾𝗇𝗍 𝗌𝗒𝗌𝗍𝖾𝗆 𝖾𝗇𝗌𝗎𝗋𝖾𝗌 𝗈𝗉𝗍𝗂𝗆𝖺𝗅 𝖻𝖺𝗍𝗍𝖾𝗋𝗒 𝗍𝖾𝗆𝗉𝖾𝗋𝖺𝗍𝗎𝗋𝖾 𝖾𝗏𝖾𝗇 𝗎𝗇𝖽𝖾𝗋 𝖼𝗈𝗇𝗍𝗂𝗇𝗎𝗈𝗎𝗌 𝗁𝖾𝖺𝗏𝗒 𝗅𝗈𝖺𝖽𝗌, 𝖾𝗑𝗍𝖾𝗇𝖽𝗂𝗇𝗀 𝖻𝖺𝗍𝗍𝖾𝗋𝗒 𝗅𝗂𝖿𝖾 𝖺𝗇𝖽 𝗋𝖾𝖽𝗎𝖼𝗂𝗇𝗀 𝗐𝖾𝖺𝗋. 𝖮𝗎𝗋 𝗌𝗆𝖺𝗋𝗍 𝗌𝗎𝗌𝗉𝖾𝗇𝗌𝗂𝗈𝗇, 𝗂𝗇𝗍𝖾𝗀𝗋𝖺𝗍𝖾𝖽 𝖼𝗈𝗇𝗍𝗋𝗈𝗅 𝗌𝗒𝗌𝗍𝖾𝗆𝗌, 𝖺𝗇𝖽 𝗉𝗋𝖾𝖼𝗂𝗌𝖾 𝗌𝗍𝖾𝖾𝗋𝗂𝗇𝗀 𝖾𝗇𝖺𝖻𝗅𝖾 𝗌𝖾𝖺𝗆𝗅𝖾𝗌𝗌 𝗆𝖺𝗇𝖾𝗎𝗏𝖾𝗋𝗂𝗇𝗀, 𝖾𝗏𝖾𝗇 𝗂𝗇 𝗇𝖺𝗋𝗋𝗈𝗐 𝗆𝗂𝗇𝗂𝗇𝗀 𝗉𝖺𝗍𝗁𝗌. 𝖠𝗇𝖽 𝗐𝗂𝗍𝗁 𝖺 𝖿𝖺𝗌𝗍-𝖼𝗁𝖺𝗋𝗀𝗂𝗇𝗀 𝗌𝗒𝗌𝗍𝖾𝗆 𝗍𝗁𝖺𝗍 𝗆𝗂𝗇𝗂𝗆𝗂𝗌𝖾𝗌 𝖽𝗈𝗐𝗇𝗍𝗂𝗆𝖾, 𝗍𝗁𝖾 𝖡𝖱𝖳-𝟣𝟤𝟢𝖤 𝗂𝗌 𝖺𝗅𝗐𝖺𝗒𝗌 𝗋𝖾𝖺𝖽𝗒 𝗍𝗈 𝗀𝗈. 𝖳𝗁𝖾 𝖿𝗎𝗍𝗎𝗋𝖾 𝗈𝖿 𝗆𝗂𝗇𝗂𝗇𝗀 𝗌𝗍𝖺𝗋𝗍𝗌 𝗁𝖾𝗋𝖾. #BretonTechnology #ZeroEmissions #SustainableMining #BRT120E #GreenTechnology
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Giga Metals CEO Mark Jarvis tells Proactive's Angela Harmantas that the company possesses one of the world's largest deposits of sulphide nickel and cobalt, crucial for battery chemistry in electric vehicles (EVs). Speaking to Proactive at PDAC 2024, Jarvis said the company's focus is on producing environmentally friendly nickel, addressing the automotive industry's demand for clean raw materials, particularly from European carmakers. The Turnagain Nickely project in British Columbia is Giga Metals' flagship, highlighted by its pre-feasibility study revealing 35,000 tonnes per year of nickel and 2,000 tonnes per year of cobalt over a 30-year mine life. This is based on 950 million tonnes of reserves, part of larger indicated and inferred resources suggesting potential for a 100-year mine life. Watch at #Proactive #ProactiveInvestors #TSXV #OTCQX #GIGA #GIGGF http://ow.ly/uSun105kPlh
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Looks like we have more movement on the direct lithium extraction (DLE) front! International Battery Metals Ltd. signed a term sheet for the deployment of one of their modular DLE plants with someone in the United States. Initial production is planned at 4,000 tpa LCE, with the goal to increase it to 8,000 tpa. They claim this will be the first commercial DLE operation in North America. I wonder who the customer is? 🤔 https://lnkd.in/gxFvbBci #DLE #directlithiumextraction #lithium #sustainability #batteries #metals #commerialization #modularization #unitedstates #energytransition
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Centaurus Metals is pleased to release our March 2024 Quarterly Activities Report. Read the full #ASX Release here: https://bit.ly/4bczGuF – Jaguar Feasibility Study (FS) reshaped to focus on concentrate project in response to changed nickel market conditions. – Jaguar EIA approved and Preliminary Licence granted. – Jaguar life-of-mine CO2 footprint assessed at 7.27t CO2/tonne Ni Eq with footprint estimated to be lower than 94% of global nickel production, once in production. – Jambreiro Project metallurgical testwork confirms potential to produce high-purity direct reduction pellets. #CTM #JaguarProject #Nickel #JambreiroProject #IronOre #CleanEnergy
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Discover the latest spot price for battery-grade lithium carbonate in Europe. Stay ahead of the market trends with Fastmarkets. 💼⚡️ #LithiumCarbonate #BatteryGrade #MarketPrice
Lithium carbonate 99.5% Li2CO3 min, battery grade, spot price ddp Europe, $/kg
fastmarkets.com
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Come and learn about the future of underground hard rock mining!
AusIMM is happy to announce that Komatsu Australia will be exhibiting at #CriticalMinerals2024 in Brisbane this August. They will be joining the continued conversation on safe and sustainable mining practices. Visit #Komatsu at booth 53 to learn about the fully electric, zero emission MC51 DynaCut machine, which will be a central focus on the exhibition floor. Delegates will have the opportunity to discuss the next generation hard rock cutting machine and how it is contributing to a sustainable future. Additionally, learn more about Komatsu's collaborative efforts with customers, commitment to machine quality, and advancements in automation technology.
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