focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Mkango Subsidiary, Maginito, and CoTec Form US Joint Venture
Webinar hosted by Cotec on 6ix media today at 2.30pm ought to be worth viewing
https://events.6ix.com/preview/6508426ce85a920a7509e0cb
'Join Julian Treger, President & CEO of CoTec Holdings Corp., as he discusses last week's press release and what it means for the company. The live event is followed by a Q&A session.'
Now you can ask about likely US Gov funding etc ;)
'Rare earth permanent magnets are essential components in the F-35, Unmanned Aerial Vehicles, and numerous other defense systems. These national security related uses, represent a small part of the US commercial need for rare earth element magnets. As a result, MCEIP is dedicated to using its resources to help stimulate private capital as evidenced by the E-VAC investment.
"We're building on previous DoD awards, that augment or complement other Agency investments for rare earth minerals to help establish an integrated, domestic rare earth supply chain from mine to magnet," said Dr. Laura Taylor-Kale, Assistant Secretary of Defense for Industrial Base Policy. "IBP is reinforcing the Administration's goal to build a rare earth industrial base fully capable of meeting our national defense requirements."
Invests in RE magnet supply...
'The Office of the Assistant Secretary of Defense for Industrial Base Policy, through its Manufacturing Capability Expansion and Investment Prioritization (MCEIP) office, issued an award to E-VAC Magnetics, LLC (E-VAC) to establish a domestic rare earth permanent magnet manufacturing capability. E-VAC is part of VAC Group, a manufacturer of rare earth permanent magnets
The agreement will provide $94.1 million to E-VAC to acquire and install manufacturing equipment, operationalize technical infrastructure, and engineer production lines. E-VAC will perform this work to establish high volume rare earth permanent magnet production by 2025.'
https://www.defense.gov/News/Releases/Release/Article/3529874/department-of-defense-enters-an-agreement-to-expand-domestic-manufacturing-to-s/
'This morning European Commission President Ursula von der Leyen delivered her annual State of the European Union speech.
President Von der Leyen announced a new ‘Wind Power Package’. And concluded: ”The future of our clean tech industry has to be made in Europe”. The European wind energy supply chain is struggling. Unless we change our policies, we could lose European manufacturing.
The EU and Governments have set ambitious targets – 420 GW of wind energy by 2030. But the reality in the wind industry does not reflect this ambition.
And the struggles of the European wind supply chain mean Chinese turbine manufacturers are now starting to win orders.
President Von der Leyen called the wind industry “a European success story”. But wind can become an even bigger success story for Europe.
Many more workers will be needed to build wind farms – translating into at least 200,000 extra jobs by 2030 and billions of investments in individual EU countries.'
https://www.4coffshore.com/news/president-von-der-leyen-says-wind-energy-must-continue-to-be-made-in-europe-nid28050.html
Nice:)
'In the face of climate change, Scotland has emerged as a global leader in renewable energy. Yet, a vocal minority continue to undermine it. Last week, headlines reported that the decommissioning of wind turbines has become a “major headache” for the industry. Let’s set the record straight.
Dr. Charlotte Stamper, Energy Infrastructure Lead at EMR, highlights some critical facts:
1. Carbon Payback: Wind turbines offset their carbon footprint within a year and provide decades of clean energy.
2. Recycling Efforts: EMR, and others, are actively recycling turbines as they reach the end of their operational lives, recovering around 85% of the total mass as recyclable steel from each turbine.
3. Collaboration: EMR recently launched Re-Rewind, a project that will create a sustainable, circular economy for the rare earth magnets that offshore wind turbines contain, boosting the UK’s resource security and avoiding the nature-depleting mining of virgin material.'
Offshore wind turbines are an end-use market for steel that goes into foundations and nacelles (boxes for turbine elements), copper for cables, molybdenum for gears and neodymium for permanent rare earth magnets.
“The offshore wind industry consumes about a conservative 220 tonnes of neodymium-praseodymium oxide (NdPr) per GW of installed capacity,” said Anne-Marie Sylvestre, a sustainability consultant for the rare earths industry and former global lead sustainability at Australian producer Lynas Rare Earths.
Sylvestre estimates that NdPr content in the current installed 64.3GW is around 14,150 tonnes.
“If the GWEC’s estimate of 380 GW of new offshore wind installations by 2032 is correct, then the industry will require about 83,600 tonnes of NdPr over the next decade,” she added.
Brussels-based Rare Earth Industry Association (REIA) estimates that the industry would require an average of 30,000 tonnes of rare-earth permanent magnets per year, or a total of almost 290,000 tonnes between now and 2032, based on the GWEC report.
REIA’s estimate is based on capacity of 28 GW being installed each year from 2023 to 2027. This amount then doubles to approximately 52 GW per year from 2028 to 2032.
Current annual consumption of neodymium is around 60,000 tonnes, according to Fastmarkets’ estimates.
“The data indicates that the demand for these magnets will more than double every five years, not accounting for competing demand from onshore-wind installations and electric vehicle (EV) deployment,” REIA said.
Sylvestre also said that her estimates did not consider the additional demand from onshore wind turbines, which use neodymium magnets but in smaller amounts.
Rare earth magnet supply
“Apart from current expanding production capacity, I see recycled NdPr extracted from offshore end-of-life wind turbines as a significant NdPr source within a 10-year timeframe,” Sylvestre said.
She added that there is no reliable method to recycle these materials at present, mainly due to safety, economic, and technical hurdles in retrieving and reusing the magnets.
But recycling is a considerably faster approach compared to initiating entirely new projects, and new developments might potentially reduce the quantities of rare earths needed in magnets, Sylvestre said.'
https://www.fastmarkets.com/insights/offshore-wind-industry-in-need-of-rare-earth-magnets
Of the Birmingham Conference:
'Key Highlights of REEsilience’s Participation:
Prominent Booth Presence: REEsilience’s booth was a vibrant hub for knowledge sharing and networking, inviting attendees to engage with the consortium’s work.
Recycling Emphasis: Prof. Carlo Burkhardt (Universit of Pforzheim), the coordinator of REEsilience, stressed the significance of permanent magnet recycling. His insights included Europe’s imperative need to reduce reliance on imported rare earth magnets, the transformative role of hydrogen in NdFeB magnet recycling demonstrated by the SUSMAGPRO project, the idea behind the REEsilience project and the promising potential of HPMS for sustainable magnet production.
Innovative Research: Mihaela Rebernik of the Jozef Stefan Institute presented her research within the REEsilience framework. Her work focused on enhancing the performance of recycled Nd-Fe-B magnets through innovative methodologies such as grain boundary engineering and spark plasma sintering (SPS). The integration of Nd-Cu was identified as significantly enhancing the intrinsic coercivity and remanent magnetisation of SPS samples, offering a pathway to optimising recycled magnet properties.'
https://reesilience.eu/reesiliences-repm-2023-highlights/
A lot of work is going into getting the recycling right and the products from it to be commercial...
President Lazarus of Malawi, yesterday in New York:
'At the Invest In Malawi Forum yesterday, we promoted the new Malawi as an opportunity, mainly within a consortium of lead sectors termed as the ATM Strategy (Agriculture, Tourism and Mining).
Over the past years, our administration has made relevant structural and legal improvements to the doing-business environment to give investors better returns from their capital, not only in the ATM bloc but as well as health, education and infrastructure development.'
This is all new for Malawi they have never been a major mining player and got screwed by Paladin with the one big player mine they had...
I don't worry that the MDA will come but jeez the wait might see the hair on my head growing back :)
TF once again it's obvious no one ever reads ...I was never all out I had to jiggle yes much smaller comfortable holding well in profit now and built more as soon as Scancell gave the SCIB1 heads up..... anyways let's all enjoy this and hope scancell now do indeed monetize it at last!...pharmajet is ImmunoBody commercial game changer...I always said that too ...no one reads😅.....
Please let me know what fake news I told everyone the part I said SCIB1 looks commercial? And that's where the focus will shift not my fault no one reads ...,😏plus scancell gave a big heads up... anyways hope those having a pop didn't cash out too soon....I don't post here anymore because idiots like you write despicable things about trial patients....Bio tech unicorn in the making this I always said so.....but modi has potency questions.....enjoy the day all I am?
I have a funny feeling the Tyseley pilot plant will be doing more than the projected 100tn pa :)
A model that can be replicated all over the globe... Next year German plant will come online US 3 plants are on their way...
And we are told to expect more plants in the EU well why not CRMA is being fast tracked to be passed into law by Christmas! ....Canada and Japan are also down as likely location and well off top of me head I can think of S Korea ,Singapore,Australia, Arab Middle East and Israel... Mexico,Brazil
I forgot to add that Mkango/HyproMag is of course a part of that funded SCREAM project...
I'd suggest EMR has found the REE recycling tech it is looking for seeing as it has already been working with HyproMag prior to the wind turbine news...
And EMR has global reach... nice
The market loves to see the money and IMHO is missing a trick with this one!
From 2022
EMR is investing £383,000 in the three-year project to create a proof of concept. This will be match-funded by the UK government via UK Research and Innovation (UKRI).
In addition to enabling EMR to analyse liberation and processing time, and to identify the most efficient sources of NdFeB magnets among recycled materials, SCREAM will also help understand the future market potential of recycled NdFeB magnets, with a view to creating a fully commercial circular supply chain in the future..'
To 2023
“And this work has already begun. Our teams are actively trialling different approaches to recycling wind turbine blades and investing in state-of-the-art technologies to recover high-value rare earth metals used to construct modern wind turbines and solar panels.
“As a business with operations across the UK, Europe and the USA, what we learn about reusing, refurbishing and recycling end-of-life wind turbines here in Scotland will directly impact the creation of circular economies for this important technology at a global scale.'
'EMR’s Energy Infrastructure Lead, Dr Charlotte Stamper said:
“Our collaborative effort represents a significant step forward in securing the sustainability of wind energy. By establishing a circular supply chain for rare earth magnets, we not only reduce the environmental impact of wind turbine production, but we also lay the foundation for a greener, more self-sustaining future.”
'Global leader in sustainable materials, EMR has become the latest business to become a member of trade body Scottish Renewables, joining companies across Scotland in creating one of the most innovative decarbonised energy systems in the world.
EMR – a supplier of sustainable materials in the UK, Europe, and USA – works with industries such as steelmaking and automotive to create new, low carbon circular supply chains.
Building on its decades of experience in sectors including automotive, demolition and shipbreaking, EMR is developing an end-to-end decommissioning package for end-of-life wind turbines. This innovative solution will allow operators to achieve maximum possible value recovery, including the re-use, refurbishment and recycling of the components used to construct this technology.
EMR has more than 60 sites located across the UK, including its brand-new deep-sea dock facility at Glasgow’s King George V Dock, bringing some of the world’s largest ships back to the river Clyde to transport sustainable materials to key global markets. EMR also has a large presence at other key UK port facilities include Port of Tyne, Great Yarmouth and Liverpool, and equivalent activities across key ports in Northern Europe.
Scotland already has a vibrant ecosystem of emerging businesses finding new uses for material contained within decommissioned wind turbines. This includes component refurbishment and turning difficult-to-recycle wind turbine blades into furniture and cycle shelters. This is supported by world-leading policy, with circular economy set to be one of the cornerstones of the forthcoming Scottish Onshore Wind Sector Deal. By joining Scottish Renewables, EMR is highlighting its commitment to the future green economy in Scotland and utilising its culture of innovation and investment to create a new circular economy for decommissioned wind turbines in the years ahead.
Charlotte Stamper – Energy Infrastructure Lead at EMR, said: “Joining Scottish Renewables is a huge statement of intent for EMR as it looks to partner with businesses large and small across Scotland to create a circular economy for decommissioned wind turbines – both onshore and, as they come to their end of life in the future, offshore.
“And this work has already begun. Our teams are actively trialling different approaches to recycling wind turbine blades and investing in state-of-the-art technologies to recover high-value rare earth metals used to construct modern wind turbines and solar panels.
“As a business with operations across the UK, Europe and the USA, what we learn about reusing, refurbishing and recycling end-of-life wind turbines here in Scotland will directly impact the creation of circular economies for this important technology at a global scale.