Auto giant GM on Tuesday announced a new strategic collaborative agreement to secure a source of nickel and cobalt with Australian company Queensland Pacific Metals. The deal secures a source of nickel and cobalt for the production of new GM Ultium batteries. GM’s goal is reaching 1 million units of EV production capacity in North America by mid-decade. $GM says the raw materials will be used in building a broad range of all-electric vehicles, including the Chevy Silverado EV, GMC … Continue reading “GM Secures Nickel and Cobalt for New EVs with Queensland Pacific Metals Investment”
China to Tighten Hold on Rare Earths Market By Creating Single State Entity Controlling 70% of Chinese Production
China controls the majority of rare earths and is looking to assert greater control over the sector. It will combine three rare-earths producers to create a single state-owned company with nearly 70% share of domestic production with a American companies dependent on rare earths the motive is clear. China wants to give the impression the move is to accelerate the development of resources and processing technology. However. two factors stand out. One is an attempt to give Beijing control over … Continue reading “China to Tighten Hold on Rare Earths Market By Creating Single State Entity Controlling 70% of Chinese Production”
The Group of 17 Elements That Are Rare Earths
One of the biggest trump cards China has with the U.S. is rare earth metals. The 17 elements that are rare earths are mined in the majority in China and are crucial to the modern economy, Electric cars, military, cell phones and wind farms. The 17 Elements That Are Rare Earths: Llanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, lutetium, scandium, yttrium All of these elements appear in low concentrations in the ground. Whilst … Continue reading “The Group of 17 Elements That Are Rare Earths”