Articles for tag: Chile, cobalt, earth, extraction, offers, projects, rare

February 9, 2025

Ron Finklestien

mining

Chile Invites $4 Million Investment for Cobalt and Rare Earth Mining Initiatives

Chile’s New Initiative to Exploit Tailings for Strategic Minerals The call for proposals, which remains open until March, reflects Chile’s ongoing initiative to leverage its extensive tailings resources, estimated at nearly 800 sites nationwide. Rising Demand for Essential Minerals This effort coincides with an anticipated increase in the global demand for metals, particularly those vital for the energy transition. Commodities such as lithium and cobalt, key components in electric vehicle batteries, alongside rare earth elements necessary for renewable energy technologies, are driving this demand. Chilean Mining Minister Discusses Economic Opportunities “These are strategic minerals, especially cobalt and rare earths, where

January 10, 2025

Ron Finklestien

mining

“Analysis: Declining Prices of Lithium, Nickel, and Cobalt Signifies Challenges for EV Battery Metals Market”

Global Electric Vehicle Battery Capacity Reaches New Heights Amid Market Shifts From January to October, the world saw a total of 674.6 GWh of new battery power, according to Toronto’s Adamas Intelligence, a firm specializing in EV supply chain research. Increasing Popularity of Hybrid Vehicles The surge in electric vehicle (EV) adoption coincides with a growing preference for hybrid vehicles, which typically contain smaller batteries. This trend reflects a noticeable shift in consumer choice. This year, plug-in hybrid vehicles (PHEVs) have seen a staggering 71% increase in battery capacity compared to a modest 17% growth for fully electric cars. The

March 27, 2024

Ron Finklestien

mining

The Environmental Impact of Congo’s Copper and Cobalt Mines

Local Communities Struggle Amidst Toxicity Residents living near Congo’s copper and cobalt mines are facing dire consequences from water contamination. Skin ailments are prevalent, with particular concern for the health of children. Severe Economic Hardships and Health Challenges A staggering 99% of respondents reported reduced crop yields due to water pollution, leading to significant economic challenges. This has forced 59% to limit their food consumption to one meal per day and withdraw children from school due to financial constraints. Furthermore, 75% of individuals stated they could no longer afford healthcare or medicine. Source: RAID Advocates Call for Responsible Practices Emmanuel