USDOE Backs Lithium, Green Ammonia On the Way, and Wood Mackenzie's Chemical Outlook
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Updates in Mining & Minerals
USDOE Backs Lithium
According to ioneer, the US Department of Energy has offered a conditional commitment for a loan of up to $700 million for the Rhyolite Ridge project. The Nevada lithium mine is one of two known large lithium-boron deposits in the world and would be a major step toward building a domestic supply chain for battery metals.
US Releases MoU With DRC and Zambia on EV Battery Metals
The Department of State released the Memorandum of Understanding (MoU) between the US, Zambia, and the Democratic Republic of Congo (DRC). Through the MoU, the US aims to support the commitment between Zambia and DRC to jointly develop an EV battery supply chain.
James Bay Lithium Project Approved
The James Bay lithium project in Canada has received approval from the Canadian Government, bringing Canadians one step closer to a domestic lithium supply that will be essential in electrifying transport and decarbonizing energy.?
Boundary Waters Off the Table
The Bureau of Land Management under the Biden administration has withdrawn over 225,500 acres in the Superior National Forest from mineral and geothermal leasing laws for a period of 20 years. An effort to protect the area’s ecological integrity, the ban could be the nail in the coffin for the proposed Twin Metals copper and nickel mine.
Updates in Fertilizer
Green Ammonia On the Way
Chemists at the University of California Berkeley have made a major advancement toward reducing the carbon footprint of ammonia production by developing metal-organic frameworks that can capture and release ammonia at more moderate temperatures and pressures than the traditional Haber-Bosch process.
Updates in Chemical
Wood Mackenzie on 2023
Wood Mackenzie has released their outlook on how ongoing challenges will affect downstream chemical markets in the year ahead. The group predicts the first half of the year will be tough, but the second half offers potential for relief.
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