focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The Regulation sets clear benchmarks for domestic capacities along the strategic raw material supply chain and to diversify EU supply:
At least 10% of the EU's annual consumption for extraction,
At least 40% of the EU's annual consumption for processing,
At least 15% of the EU's annual consumption for recycling,
Not more than 65% of the Union's annual consumption of each strategic raw material at any relevant stage of processing from a single third country.
https://ec.europa.eu/commission/presscorner/detail/en/ip_23_1661
So that's up from pretty much 0% to 40% in terms our European lithium production and the pie is also growing rapidly. Should be an interesting day.
The centrepieces of the Green Deal Industrial Plan are two legal acts. The first one is the Net-Zero Industry Act and the other one is the Critical Raw Materials Act. The Commission is proposing those two legal acts this week, actually tomorrow. Let me reflect on both. With the Net-Zero Industry Act, we are setting the ambition. By 2030, we want to be able to produce at least 40% of the clean tech that we need here to fulfil our green transition. Therefore, the Net-Zero Industry Act is all about speed and facilitation. We are facilitating permitting. We are working with regulatory sandboxes. We are creating simpler state aid schemes. And we are allowing for tax breaks and the flexible use of EU funds. So in short, the Net-Zero Industry Act provides speed, simplification and it provides funding.
Also to be announced tomorrow @Jimb2
So our Critical Raw Materials Act will support these efforts by European companies. We want to extract more ores and minerals here in the European Union. We want to boost our processing capacity to at least 40% of annual consumption.
https://ec.europa.eu/commission/presscorner/detail/en/speech_23_1672
https://www.whitehouse.gov/briefing-room/statements-releases/2023/03/10/joint-statement-by-president-biden-and-president-von-der-leyen-2/
We will deepen our cooperation on diversifying critical mineral and battery supply chains, recognizing the substantial opportunities on both sides of the Atlantic to build out these supply chains in a strong, secure, and resilient manner. To that end, we intend to immediately begin negotiations on a targeted critical minerals agreement for the purpose of enabling relevant critical minerals extracted or processed in the European Union to count toward requirements for clean vehicles in the Section 30D clean vehicle tax credit of the Inflation Reduction Act. This kind of agreement would further our shared goals of boosting our mineral production and processing and expanding access to sources of critical minerals that are sustainable, trusted, and free of labor abuses. Cooperation is also necessary to reduce unwanted strategic dependencies in these supply chains, and to ensure that they are diversified and developed with trusted partners.
See also - clean hydrogen maybe they can make some green steel with it.
On the morning of Tuesday (7), a group of entrepreneurs visited the Docas de Santana Company, in order to learn about our facilities and operational activities.
The group came to the State to participate in the "Technical Seminar of the Amapá Energy Matrix", an event held by SESI, SENAI and the State Government on the 6th, to address local sustainable energy production, as well as its energetic potentials.
Amongst the visitors was Nextgen Hydrogen co-founder Wesley Paul. The group came accompanied by State Secretary for International Relations Lucas Abraão and State Deputy Junior Favacho and were received by Director-President Edival Tork and the CDSA operational team.
Kiran Morzaria via Twitter
@Mozariqe
#KDNC an end to a another successful week at the Amapa Iron Ore Project. Every visit I make, the scale and positive impact that this project can make is amazing. Today my little contribution was reviewing geotechnical holes for the the rail loop redesign.
Installation of the New Shiploader at Pier I of Porto Organizado de Santana
This past Wednesday (01/03/23), the Company Docas de Santana - CDSA received the company Caramuru Alimentos S/A, for the presentation of the Installation Project of the New Shiploader at Pier I.
Caramuru company presented the Project to CDSA and was attended by CIANPORT and AMCEL companies.
The objective of this project is to install the equipment for loading ships (shiploader with a minimum nominal capacity of 1,500 t/h).
The installation of the new shiploader is one of the investments established as parameters in the lease agreement signed between the Caramuru company and the CDSA and will bring as benefits: the modernization and efficiency of the Port plant solid bulk loading operations.
https://www.marketindex.com.au/news/ipo-radar-core-lithium-has-a-new-neighbour
Because being Chinese it doesn’t come under the requirements.
“is either required to keep its own PSC register or is subject to the disclosure requirements of a publicly traded company with voting shares admitted to trading on: a UK regulated market; another EEA state market; or on one of the specified markets in the USA, Switzerland, Japan and Israel;”
https://www.ashurst.com/en/news-and-insights/legal-updates/new-obligations-on-uk-businesses-to-disclose-details-of-their-controllers/
Also Occam’s Razor
Also notable is the superconductior magnets, e.g used for fusion that uses a lot of rare earths. Known as REBCO
https://en.wikipedia.org/wiki/Rare-earth_barium_copper_oxide
https://en.wikipedia.org/wiki/ARC_fusion_reactor
The ARC fusion reactor (affordable, robust, compact) is a design for a compact fusion reactor developed by the Massachusetts Institute of Technology (MIT) Plasma Science and Fusion Center (PSFC). ARC aims to achieve an engineering breakeven of three (to produce three times the electricity required to operate the machine). The key technical innovation is to use high-temperature superconducting magnets in place of ITER's low-temperature superconducting magnets. The proposed device would be about half the diameter of the ITER reactor and cheaper to build.[1]
The ARC has a conventional advanced tokamak layout. ARC uses rare-earth barium copper oxide (REBCO) high-temperature superconductor magnets in place of copper wiring or conventional low-temperature superconductors. These magnets can be run at much higher field strengths, 23 T, roughly doubling the magnetic field on the plasma axis. The confinement time for a particle in plasma varies with the square of the linear size, and power density varies with the fourth power of the magnetic field,[2] so doubling the magnetic field offers the performance of a machine 4 times larger. The smaller size reduces construction costs, although this is offset to some degree by the expense of the REBCO magnets.
The use of REBCO may allow the magnet windings to be flexible when the machine is not operational. This would allow them to be "folded open" to allow access to the interior of the machine. This would greatly lower maintenance costs, eliminating the need to perform maintenance through small access ports using remote manipulators. If realized, this could improve the reactor's capacity factor, an important metric in power generation costs.
The first machine planned to come from the project is a scaled-down demonstrator named SPARC (as Soon as Possible ARC). It is to be built by Commonwealth Fusion Systems, with backing led by Eni, Breakthrough Energy Ventures, Khosla Ventures, Temasek, and Equinor.
https://www.neomaterials.com/wp-content/uploads/2021/08/Neo_Investor_Presentation.pdf
have a look at slide 16 also, rare earths go in to more components than you'd think.
https://www.ubs.com/global/en/wealth-management/our-approach/marketnews/article.1586323.html
Mexico has a bright EV future, if it plays its cards right