In Nevada alone, the mining industry drills over 2,000 exploration holes per year. They do so to the depths needed to also verify whether the location is suitable for geothermal energy, so it makes sense for them to assess suitability not just for minerals but for geothermal, explains Ryan Horns writing for NREL. Leveraging that data, knowledge, and expertise will expand the geothermal exploration workforce, increase the rate of geothermal … [Read more...]
The metals sector should back global carbon taxes. Itâll be good for business
Most of the metals mining sector has been opposing carbon taxes. This is a foolish mistake that works against their interests, argue Sally Innis, Benjamin Cox, John Steen and Nadja Kunz at the University of British Columbia. The tax on the carbon emissions from mining and producing most metals (with only aluminium and steel being outliers) are small compared to the price of the metal, so a carbon tax will add little to the selling price. But the … [Read more...]
Critical minerals and materials: supply bottlenecks and risks need international cooperation
The growth in demand for minerals and materials needed for the energy transition is putting a strain on supply. Mining and processing are the two key bottlenecks. Dolf Gielen, Martina Lyons, Francisco Boshell and Peter Chawah at IRENA summarise the multiple challenges. New capacity is not the only problem: the geographical concentration of where the mining and, in particular, the processing is being done is the primary risk. Chinaâs dominance in … [Read more...]
Critical Raw Materials for the energy transition: Europe must start mining again
A ramp up of the supply of critical raw materials (CRMs) is essential for the worldâs energy transition. Wind and solar, batteries, digitalisation, transport and hydrogen cannot meet their targets without it. The EU defines 30 minerals as critical. To give one example, the global deficits in lithium supplies could surge more than 60-fold to 950,000 tons by 2030. Frank Umbach at EUCERS takes a thorough look at the issue. Europe represented just 5% … [Read more...]
Is China really eyeing Afghanistan’s mineral resources?
Press reports of China hoping to strike deals with the Taliban to secure mineral rights in Afghanistan are very likely to be an exaggeration, explains Lukas TrakimaviÄius. Itâs true that China wants minerals essential to the clean energy transition and other technologies. Itâs also true that Afghanistan has an abundance (copper, cobalt, lithium, rare earths, etc.), and theyâre worth something of the order of $1tn. But it can take a decade to get … [Read more...]
Bidenâs major report on critical minerals supply: domestic mining + processing, innovation, EVs, global allies + more
In June, The White House issued its 250-page report on the global critical minerals supply chain, and how the U.S. can ensure continued supply as well as build up its own mining and manufacturing base. It is the fullest picture so far of how the U.S. is evaluating mineral access and supply chain resilience, says Reed Blakemore at the Atlantic Council Global Energy Center. Here he reviews the report, in particular the section on energy which … [Read more...]
Essential energy transition metals: âEco-friendlyâ trawling of ocean floor could replace land mining
The availability of metals for raw materials has a make-or-break impact on the future of EVs, wind turbines and many other energy sector applications. The world needs 3bn EVs and 10tn kWh/yr more clean energy by 2040 to have any chance of achieving our climate goals. We need so much more that recycling what we already have wonât make a noticeable difference. Mining on land already has very serious negative environmental and social consequences. … [Read more...]
An EU Hydrogen strategy: from industry feedstock to energy vector
The bravest recovery strategies will invest robustly in new yet-to-take-off clean energy technologies. If you are going to have to spend hundreds of billions to revive your economy isnât it better to replace the old with the new rather than prop up what youâll have to abandon soon anyway? In anticipation of that happening, new technologies are lining up. Here, CĂ©dric Philibert at the IFRI Centre for Energy & Climate summarises their detailed … [Read more...]
