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source:Argus MediaAustralian rare earth mining projects will become eligible for financial support, including low-interest loans, from the A$4.4bn ($3bn) Defence Export Facility, which was set up last year to support the defence industry. The government will also set up a dedicated office to support Australian companies trying to secure investment for critical mineral projects.Federal resources minister Matt Canavan will fly to Washington today for a series of meetings with senior US government officials. An escalation of trade tensions between the US and China has focused attention on the lac...
Release time: 2019 - 11 - 15
source:CBS NewsOne of the most high-stakes races in history is underway, with colossal riches waiting for the winners. It's a race to a little known frontier: the bottom of the sea. Around the world, thousands of engineers and scientists are in fierce competition to build the first undersea robot that can mine the ocean floor. The explosion of interest in deep sea mining is driven by the demands of our high-tech economy. The deep ocean is the El Dorado that contains metals like nickel, cobalt and rare earth elements, essential for use in cell phones, supercomputers and electric cars. They're a...
Release time: 2019 - 11 - 14
source:Proactive Investors AustraliaFurther drilling at Browns Range Project is set to commence later this week, with exploration and resource definition drilling planned at several different deposits and targets.Northern Minerals Ltd (ASX:NTU) has confirmed further high-grade results from the recently completed infill and step-out reverse circulation (RC) drilling at the Dazzler prospect, part of the Browns Range Project in the East Kimberley region of Western Australia.Assay results have been received for the first 12 of the 51 drill holes completed at Dazzler in September.NTU’s drilling pro...
Release time: 2019 - 11 - 13
source:Green Car CongressA new report from Adamas Intelligence, “Electric Growth: EVs, Motors and Motor Materials”, forecasts that global annual EV sales (excluding mild and micro hybrids) will increase from 4.3 million units last year to 12.5 million in 2025 and 32.0 million in 2030.With upwards of 80% of all EVs projected to use permanent magnet synchronous motors (PMSMs) in the years ahead, the rapid rise in EV sales will fuel a 350% increase in demand for rare earths used in EV traction motors between 2018 and 2025, and a further 127% increase in demand between 2025 and 2030, according to ...
Release time: 2019 - 11 - 12
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