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Lithium Stocks Rise as China Eyes More Argentina Acquisitions, Here are 4 Companies in Their Crosshairs

A new ‘White Gold Rush’ in Argentina’s northern portion of what is known as the Lithium Triangle is underway, and it’s being accelerated by Chinese…

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This article was originally published by Baystreet

A new ‘White Gold Rush’ in Argentina’s northern portion of what is known as the Lithium Triangle is underway, and it’s being accelerated by Chinese interests. Most recently, Chinese copper and gold mining giant Zijin Mining Group Company Limited (OTC:ZIJMF) acquired Canadian Neo Lithium Corp. (OTC:NTTHF) (TSXV:NLC) which experts in Canada are predicting will trigger a full national security review. As demand increases for the metals needed for the manufacturing of batteries for electronics and EVs, it’s worth looking at Neo Lithium Corp., as well as Lithium Americas Corp. (NYSE:LAC) (TSX:LAC), Livent Corporation (NYSE:LTHM), and Orocobre Limited (OTC:OROCF) (TSX:ORL).

Neo Lithium Corp. (OTC:NTTHF) (TSXV:NLC)

Since the announcement of the Zijin Mining Group Company Limited (OTC:ZIJMF) acquisition, shares of Neo Lithium Corp. (OTC:NTTHF) (TSXV:NLC) have risen more than 14%. As per the terms of the deal, Zijin has agreed to acquire all of the outstanding shares of Neo Lithium at a price of C$6.50, which at the time of the announcement represented approximately 36% over Neo Lithium’s 20-day volume-weighted average price at October 8, 2021.

The total cash consideration for all of the outstanding equity of Neo Lithium—which included the 3Q lithium brine project in Catamarca, Argentina—is approximately C$960 million (~US$771.5 million).

Lithium Americas Corp. (NYSE:LAC) (TSX:LAC)

Earlier this summer, Gangfeng Lithium acquired a majority stake in the Caucharí-Olaroz Project from SQM, while leaving 49% held by Lithium Americas Corp. (NYSE:LAC) (TSX:LAC).

As per Lithium Americas’ most recent Q2 2021 results, the company reaffirmed that construction at Caucharí-Olaroz remain on track to achieve first production by mid-2022 on the initial 40,000 tonnes per annum operation.

Livent Corporation (NYSE:LTHM)

Livent Corporation (NYSE:LTHM) has announced it will deliver its third quarter earnings on November 4, 2021. Over the past 12 months, Livent stock has risen nearly 130%.

On its second quarter earnings release, Livent highlighted its resumption of capacity expansion under development in Argentina. Now associated with BMW, the Salar del Hombre Muerto salt flat has a production capacity of 20,000 tonnes of lithium equivalent per year, and plans to double this with an investment of US$640 million.

Orocobre Limited (OTC:OROCF) (TSX:ORL)

Orocobre is coming off of a massive $6 billion merger with Galaxy Resources from earlier this year. On its Salar de Olaroz flats project, Orocobre has a partnership with Japanese Toyota Tsusho and the provincial company Jujuy Energía y Minería Sociedad del Estado (JEMSE).

Orocobre’s and Livent’s projects are the only two currently producing lithium projects in Argentina out of a total of over 60 proposed projects in various stages of development.

Energy & Critical Metals

PEI Connect: Time to put nuclear back in Europe’s energy toolbox?

European industry is calling for greater emphasis on nuclear power in the face of a gas crunch and stringent emissions targets.
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PEi Connect provides a brief look at what got our attention during the week (7 Oct-14 Oct), and first up we consider that European industry is calling for greater emphasis on nuclear power in the face of a gas crunch and stringent emissions targets.

Spotlight on nuclear

Image credit: esi-africa.com

As Europe faces an energy crisis, a group of professionals have focused attention on the situation in Germany – a country that led the shift away from nuclear and fossil fuels through its EnergieWende movement.

A group of 25 writers, journalists, and intellectuals wrote in a joint letter, warning that dropping nuclear power would only increase the country’s carbon emissions, according to Euractive.

The contentious issue is being brought to the fore with an upcoming change in government and rising emissions targets in Europe.

Meanwhile, in response to rising energy prices across Europe, Brussels-based nuclear industry group, FORATOM, has published a communication criticising the European Commission for not paying closer attention to the role nuclear can play in mitigating the current energy crisis.

“As highlighted in the communication, the current price increases are being driven by higher natural gas prices on the global market”, states Yves Desbazeille, FORATOM Director General. “Therefore, the EU needs to already be putting solutions in place today to ensure that it is able to generate enough low-carbon electricity in Europe to meet growing demand. This means supporting the development of nuclear energy”.

Even French President Emmanuel Macron committed to nuclear power in his address announcing the ‘France 2030’ investment roadmap. “To produce energy, especially electricity, we are in luck,” Macron said. “The country’s nuclear power installation is already in place.”

Clearly, energy independence is a priority in Europe, as countries balance hefty emissions targets with increasing demand.

Image: Stock

Circular solar

Did you know: Solar panel waste in the United States may reach the weight of 30 Empire State Buildings, or 10 million metric tons, by 2050 (according to the National Renewable Energy Laboratory).

This statistic was quoted in PV Magazine, which recently covered the launch of SolarRecyle.org, a site dedicated to supporting the flow of information to enable greater rates of solar panel reuse and recycling.

SolarRecycle said it aims to drive the solar panel recycling economy by connecting asset owners, operations and maintenance providers, and other players with recycling vendors.

Image credit: CalWave

California dives into wave energy

On 16 September 2021, the CalWave system was commissioned off the coast of San Diego.

This marks the beginning of California’s first at-sea, long-duration wave energy pilot operating fully submerged.

The CalWave x1™ system will be tested for six months to validate performance before heading out to the open ocean. Read more and view the project pictures.

Speaking of wave power… even Tasmania’s grid is benefitting from wave power.

You can learn more about the wave energy being fed into Hydro Tasmania’s electrical network by watching the video below.

Connect with us next week for another selection of interesting sector news.

Until then, take care, stay safe and power on.

The PEi Ed team ????

The post PEI Connect: Time to put nuclear back in Europe’s energy toolbox? appeared first on Power Engineering International.

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Energy & Critical Metals

Macron Says Nuclear SMRs Will Be A Part Of His “France 2030” Energy Plan

Macron Says Small Nuclear Reactors Will Be A Part Of His "France 2030" Energy Plan

Nuclear power is officially a part of President Emmanuel…

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Macron Says Small Nuclear Reactors Will Be A Part Of His "France 2030" Energy Plan

Nuclear power is officially a part of President Emmanuel Macron's plan for France to become a green leader by 2030.

The country is looking at the idea of building smaller nuclear reactors, according to a plan to become a leader in green hydrogen that was detailed this week.

"We must wage the battle of innovation and industrialisation at the same time," the French president told a gathering of business leaders and young entrepreneurs, unveiling plans to invest €30 billion ($35 billion) to "re-industrialise," Macron said in remarks, according to France 24

Widely seen as laying out his plan for reelection, Macron said that France was going to build "a low-carbon plane, a small modular reactor as well as two megafactories for the production of green hydrogen" by 2030. 

He called his plans "France 2030" and said they would offer benefits to smaller startup companies in the space.

Speaking about ongoing supply chain shortages, he said: "We must rebuild a framework to ensure the productive independence of France and Europe. The winner takes it all." 

Macron seems to be adopting the attitude of countries like Finland and Japan, both of whom seem to be once again warming up to the idea of nuclear power. Finland, we noted today, is officially lobbying the EU for "sustainable" status for nuclear power. 

Last month, we pointed out when shares of Japanese utility companies surged after after Taro Kono, the administrative reform minister and the most likely candidate to replace Yoshihide Suga as prime minister, said Japan needs to restart nuclear power plants, in order to realize its goal of achieving carbon neutrality by 2050.

"It's necessary to some extent to restart nuclear plants that are confirmed to be safe, as we aim for carbon neutrality," Kono, currently regulatory reform minister, told reporters according to Japan Times.

"Basically, our priority is to increase the use of renewable energy sources, but it would be possible to use nuclear plants whose safety is confirmed for now if there are power supply shortages," Kono said, adding that while "nuclear plants will disappear eventually, I'm not saying that they should be scrapped immediately, like tomorrow or next year."

Tyler Durden Thu, 10/14/2021 - 04:15

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Energy & Critical Metals

Orica addresses Scope 1, 2 and 3 emissions in latest GHG reduction pledge

Orica has announced its ambition to achieve net zero emissions by 2050, covering Scope 1 and 2 greenhouse gas (GHG) emissions and its most “material”…

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Orica has announced its ambition to achieve net zero emissions by 2050, covering Scope 1 and 2 greenhouse gas (GHG) emissions and its most “material” Scope 3 GHG emission sources.

The ambition builds on Orica’s previously announced medium-term target to reduce Scope 1 and 2 operational emissions by at least 40% by 2030.

To advance its net zero emissions ambition, Orica says it will:

  • Continue to reduce its operational footprint: prioritising Scope 1 and 2 operational emissions reductions by deploying tertiary catalyst abatement technology, sourcing renewable energy and optimising energy efficiency and industrial processes;
  • Collaborate with its suppliers: as new and emerging technologies scale and become commercial, partner with suppliers to source lower emissions intensity ammonium nitrate (AN) and ammonia to reduce Orica’s Scope 3 emissions, which account for approximately 70% of Orica’s total Scope 3 emissions;
  • Prioritise lower carbon solutions: developing lower carbon AN, as well as new products, services and technology offerings to help customers achieve their own sustainability goals; and
  • Report progress: transparently disclose performance consistent with the recommendations of the Task Force on Climate-Related Financial Disclosure.

Orica Managing Director and Chief Executive Officer, Sanjeev Gandhi, said: “Our ambition of net zero emissions by 2050 shows our commitment to playing a part in achieving the goals of the Paris Agreement. This is a strong signal that the decarbonisation of Orica will, and must, continue beyond 2030 and requires a collaborative approach across all of our stakeholders.

“We’re making solid progress having already achieved a 9% emissions reduction in financial year 2020 (to June 30, 2020) and further reductions this financial year. We’ve taken our 2030 medium-term target and extended our planning over the long term, developing a credible roadmap to support our ambition to achieve net zero emissions by 2050.

“Over the next decade, Orica is deploying tertiary catalyst abatement, prioritising renewable energy opportunities and supporting a trial of carbon capture utilisation and storage technology. Beyond 2030, how we achieve our ambition is dependent on effective global policy frameworks, supportive regulation and financial incentives, and access to new and emerging technologies operating at commercial scale.

“Orica is a company with a long history of technical innovation which is already helping our customers improve mine site safety, productivity and efficiency. We will apply the same approach by deploying low-emissions technologies to our major manufacturing sites and working with our global suppliers and stakeholders on reducing the footprint of our supply chain.”

Orica says it has already undertaken several initiatives to drive action towards its medium-term target and support its 2050 net zero emissions ambition.

In FY2020, Orica’s Bontang AN manufacturing facility in Indonesia recorded a 43% reduction in net emissions and its Kooragang Island nitrates manufacturing plant (pictured below) in Australia achieved a 6.3% reduction in net emissions, by replacing and improving the performance of selective catalyst abatement technologies, the company said.

In partnership with the Alberta Government this year, Orica’s Carseland AN manufacturing facility in Canada has commissioned tertiary catalyst abatement technology, reducing emissions by approximately 83,000 t/y of CO2e.

Orica has assigned approximately A$45 million ($33 million) over the next five years in capital to deploy similar tertiary abatement technology across its Australian AN sites, which, it says, could deliver an annual reduction of 750,000 t CO2e.

Orica will also support the construction of a mobile demonstration plant of carbon capture, utilisation and storage technology at its Kooragang Island manufacturing facility, led by Mineral Carbonation International, in partnership with the Australian Government and the University of Newcastle. The plant is scheduled to be built on Orica’s Kooragang Island site by the end of 2023 and have direct access to some 250,000 t of captured CO2 from Orica’s manufacturing operations.

The post Orica addresses Scope 1, 2 and 3 emissions in latest GHG reduction pledge appeared first on International Mining.

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