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...half as predicted, would be one of the largest takeovers of an Australian tech company and mean another delisting of a large ASX-listed business after the sale of Sydney Airport, Afterpay, Newcrest and Oz Minerals...
...EVs are still more expensive to make than petrol cars, partly because of the high cost of minerals required for their batteries....
...Glencore produces cobalt, nickel, copper and other minerals, and is also one of the world’s largest recyclers of batteries. It does not mine lithium but recently started to trade the metal....
...China and Russia are challenging US claims to mineral-rich stretches of seabed because Washington has failed to ratify a treaty — the UN Convention on the Law of the Sea — that governs access to resources...
...Before we were talking about the military, telecommunications, now we’re talking about critical minerals, energy,” she said....
...sits on top of prized mineral reserves....
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...Smart reads Gambling on the future Anglo American is betting $9bn on a fertiliser mineral for which there is currently little demand, in a high-stakes strategic shift from coal mining to helping stave off...
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...Straubel established Redwood Materials in 2017 to reshape the supply chain for electric vehicles by recycling the materials in batteries and reducing the need to mine for more of the minerals the industry...
...The deal, which creates a company projected to be the industry’s third-largest producer by 2027, comes as the US and Australia step up efforts to cut reliance on China’s supply of critical minerals....
...Jakarta is also lobbying Washington for Indonesia to receive a tailored trade deal on critical minerals similar to one agreed with Japan in March....
...But Amyris had also branched out into being an incubator for beauty start-ups including Rose Inc, Costa Brazil and JVN hair care, and it proved too huge a leap from developing molecules to developing brands...
...companies have in common, however, is a focus on commodities trading — a fact that makes their cash flows unusually sensitive to the value of the dollar, as well as to the price of commodities such as minerals...
...In the five-year budget delivered in 2022, the government earmarked $1.5bn for critical mineral projects, as well as a 30 per cent tax credit for the exploration of 15 critical minerals including copper,...
...The other issue is a dire shortage of the critical minerals, such as lithium, needed to power green tech (which is an issue increasingly worrying the Biden administration, as Jennifer Harris, a former White...
...A version of this article was first published by Nikkei Asia. ©2023 Nikkei Inc. All rights reserved....
...The vehicles must be made in the US to qualify for the full amount, and the critical minerals sourced for the batteries should be extracted or processed in a country the US has a free trade agreement with...
...Tax credits are also available for EV battery sourcing and critical minerals for Mexican companies....
...There’s a lot of ecosystems and support that go all the way back to your mining of minerals . . ....
...The Shenzhen-based company is highly self-sufficient, controlling its local supply chain of minerals and batteries as well as computer chips and other electronics....
...has turbocharged interest in US battery supplies, with companies committing about $13.5bn worth of investments since it was enacted compared to $7.5bn in the three months before, according to Benchmark Mineral...
...These cleaned and processed metals, minerals and derivatives make their way into products worldwide — and there are no back-up sources.”...
...This technology can recover more than 90 per cent of the essential minerals for batteries, the bank estimated. The bank concedes that electroextraction is not commercially viable yet....
...While Australian mines extract more than half the world’s lithium, Chinese companies are by far the biggest processors of the mineral....
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