The September Rare Earths MMI (Monthly MetalMiner Index) fell drastically by 9.87%. Alternatives to Chinese Rare Earths In last month’s MMI, MetalMiner reported how nations all around the globe were searching for alternatives to rare earth exports from China. After all, the ongoing Chinese property crisis and limited industrial output continue to strain the country’s […]
Category: Environment
US Charges Towards Green Energy
The US seems well on its path to green energy. President Joe Biden recently signing into law the biggest clean energy investment in US history. The package includes $370 billion in subsidies for solar and wind energy development, electric vehicles, etc. Taking a cue, the United States Steel Corporation (U.S. Steel) and Shell US Gas […]
France Takes Emergency Measures to Promote Renewable Energy
Rare earths and renewable energy are two sectors that almost every country races to dominate. One of these nations, France, takes serious strides towards this goal. Recently, the French government announced an emergency measures package to hasten renewable energy development. Rising infrastructure costs recently pushed the French government towards this decision. Along with the rest […]
Renewables/GOES MMI: Renewable Resources and the “Surprise Climate Bill”
The Renewables MMI (Monthly Metals Index) continued its downward trend this month, falling an additional 7.10% between July and August. However, this trend is not likely to continue if the US senate passes the so-called “surprise climate bill.” Were this to happen, it would put fresh focus on renewable resources, likely causing the MMI adopt […]
Battery Metals For EVs: Demand Surges, but Can Recycling Keep Up?
With the surge in demand for electric vehicles, the need for EV batteries and battery metals such as cobalt and lithium has risen dramatically. However, can the US (along with other nations) keep up with this rising battery metal demand while maintaining recycling efficiency? It’s a good question, but it doesn’t have a simple answer. […]
Copper MMI: LME copper prices slide ahead of Fed rate hike
Copper prices rebounded sharply after declines in early May. While prices continue to find a bottom on a macro scale, they remain sideways in the short term. As a result, copper has been unable to establish a clear direction, either bullish or bearish.The Copper Monthly Metals Index (MMI) fell by 2.89% month over month. Copper […]
On the heels of COP26, India aims to expand renewable energy projects
In line with India’s commitment at the COP26 summit in Glasgow last year, the country aims to reach net-zero by 2070. Furthermore, India seeks to meet 50% of its energy needs by 2030 through renewable sources and expand non-fossil fuel power generation capacity to 500 GW in this decade. In light of these targets, the […]
Renewables/GOES MMI: EIA forecasts rise in electricity generation from renewables
The Renewables Monthly Metals Index (MMI) rose by 2.9% for this month’s reading. EIA: electricity generation from renewables to rise in 2022, 2023 The Energy Information Administration forecast the U.S. share of electricity generation from renewables will rise in 2022 and 2023. “Our forecast for the natural gas share as a generation fuel declines primarily […]
Week in Review: Aluminum prices move sideways; GM announces rare earth magnet collaboration; copper prices consolidate
Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of aluminum prices, a General Motors collaboration with MP Materials aimed at developed a fully integrated U.S. rare earth magnet supply chain and much more: See why technical […]
China introduces plan to reduce heavy metal emissions by 5% by 2025
Chinese authorities recently presented a draft plan to reduce heavy metal emissions by 5% by 2025. As noted previously here, the move comes after Beijing moved to stabilize surging coal prices. The government moved to increase both coal imports and domestic output. The Dalian coking coal price surged to $694 per metric ton in late […]
