The ARC grant, funded by the Commonwealth of Australia, will provide a total of A$300,000 over the three year life of the research project.
Rare Earth Mining News
Just a few years ago, we would have scoffed at the idea that electric vehicles could be mainstream anytime soon, or that the global appetite for lithium-ion batteries and mass power storage would be so voracious, and so sudden.
Battery technology already makes electric cars possible, as well as helping us to store emergency power, fly satellites, and use portable electronic devices.
Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.
The joint venture plans to invest the remaining $2,030,000 CAD over the next year in pursuit of its 2015-2017 objectives.
It is estimated that processing one ton of rare earths these days can generate about 2,000 tons of toxic waste.
The global rare earth market is expected to grow from the $1.4 billion it was worth back in 2010 to $4.1 billion by 2017.
Tesla Model 3 promises to move electric cars from niche to mainstream, spurring larger electric car adoption in transport, according to Wood Mackenzie’s latest research.
New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.
A lithium miner joins top ranks of listed mining firms for the first time as the price of the battery ingredient skyrockets.
The extent to which the lithium market will grow is contested, but market trends indicate that lithium will be an increasingly profitable sector within mining in the next five years.
First time a country partners with privates to boost the development of the industry.
Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.
For private capital mining and metals is the riskiest natural resources sector – but only energy beats the returns.
The country lost at least $27.5 million in revenue from lapis lazuli between 2014 and 2015. In contrast, armed groups earned about $20 million just in 2014.
World Bank revises down growth rate for commodity exporting countries to just 0.4%, predicts 15% decline in metal prices this year.
Capital spending by the world's largest miners since 2010 amounted to $632 billion – 32% of which has now been written off says new report.
An official endorsement of such mission would pave the way for several other for-profit space ventures currently in the works.
Lincoln Minerals has been granted a 21-year lease for the 300-hectare Kookaburra Gully graphite project on South Australia’s Eyre Peninsula.
Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.
Scandium promises to be a future wonder metal. And Australia is likely to become its major source of supply.
Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.
Rare earths content was tested using hydrofluoric acid, which is much stronger and more efficient than industrial methods, but is too hazardous to use on a large scale.
Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.
The move by the world's largest asset manager shows increasing interest in the lithium market.