Federal Gov’t Halves Major California Renewable Energy Plants Project

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California and the federal government will move forward on less than half the California desert land initially designated for renewable energy plants, officials said Tuesday, leaving millions of acres in limbo as local governments decide how they want to handle large-scale solar, wind and geothermal projects.

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Regulators will initially focus on about 10 million acres of federal land overseen by the Bureau of Land Management in the Mojave and other Southern California deserts. Their initial plan, unveiled in September, designated 22.5 million acres across seven counties.

Much of the remaining 12.5 million acres is privately owned and would require separate development time tables. Projects on private property would likely need to be approved by local governments, which wanted a bigger say on the sweeping plan that attempts to bring order to a renewable-energy building boom in California’s deserts

The week’s biggest mover on the weekly Renewables MMI®, neodymium jumped 3.8% to close at CNY 410,000 ($65,448) per metric ton. Chinese cobalt cathodes fell 1.8% over the past week to CNY 220,000 ($35,118) per metric ton. Following a 1.5% increase in the week prior, the price of Chinese steel plate fell 0.7% last week to CNY 2,680 ($427.81) per metric ton. Silicon remained essentially flat from the previous week at CNY 15,000 ($2,394) per metric ton.

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Prices for Japanese steel plate remained constant, closing the week at JPY 80,000 ($658.86) per metric ton. The price of Korean steel plate rose 1.9% to KRW 540,000 ($484.21) per metric ton after falling 1.9% during the previous week. The price of Chinese steel plate fell 0.7% to CNY 2,680 ($427.81) per metric ton after rising 1.5% the week before. Closing at $693.00 per short ton, US steel plate remained unchanged for the week.

US grain-oriented electrical steel (GOES) remained essentially flat at $2,598 per metric ton.

The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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