Articles for tag: Analysis, collaborate, critical, data, IEA, India, Minerals

November 16, 2024

Ron Finklestien

mining

“IEA and India Join Forces for Enhanced Critical Minerals Data Analysis”

IEA and India Forge Partnership to Tackle Critical Minerals Waste Key Figures Unite in Response to Growing Mineral Demand The Memorandum of Understanding (MoU) was signed on November 13 by IEA Executive Director Fatih Birol and Indian Ministry of Mines Secretary Shri V.L. Kantha Rao at a workshop focused on the recycling of critical minerals. India’s Minister for Coal and Mines, Kishan Reddy, also attended the event. As demand for critical minerals rises alongside fluctuating prices and geopolitical uncertainties, ensuring security in supply has become a priority for policy makers globally, according to the IEA. The IEA is ramping up

April 25, 2024

Ron Finklestien

mining

Miners struggle to finance projects amid surging battery demand — IEA

In its recent Global EV Outlook 2024, IEA highlights the necessity of external sources to support large-scale capital expenditure in mining projects, however miners Albemarle, Core Lithium, Liontown Resources and Pilbara Minerals recently announced project spending reductions, lower dividends, and job cuts. Nickel and cobalt projects in Australia have also been delayed or halted, involving companies like BHP, First Quantum Minerals and Wyloo Metals. In the US, Piedmont Lithium Inc. is letting go of 25% of staff. “Over the 2024-2026 period, we could see progressive consolidation of critical mineralextraction and refining projects and businesses around lowest-cost producers,” said the Agency.