French President says deep-sea mining must not go ahead
Deep-sea mining would involve using heavy machinery to suck up off the ocean floor nodules that contain cobalt, manganese, and other rare metals mostly used in batteries.
The funds will be used to support a mini-pilot to confirm certain process design criteria and improvements to the NICO project metallurgical processes in Canada's Northwest Territories. .
The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US EV supply chain.
The automaker joins PT Vale Indonesia and Zhejiang Huayou Cobalt as investors in a project to make an annual 120,000 tons of nickel chemicals for EV batteries.
Geothermal waters in the Rhine Valley along the French-German border have attracted investments both for renewable energy and potential lithium resources.
This is a positive development for a nascent North American rare earths market and taps into the broader issue of the glaring lack of domestic production.