Germany Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
Over 30% of Australian miners plan to invest in collision avoidance – a technology that lets heavy mobile machinery monitor their surroundings and stop when they are likely to hit something or someone in their environment. Cliff Smee, lead analyst at Timetric, says: “This technology would prevent many deaths and accidents within the mining industry, as many mining trucks and other equipment have very poor visibility.” According to Timetric’s report, there are noticeable variations in investing based on company size. For instance, large companies with revenue greater than US$10 billion are more likely to pioneer new technologies. This is due to the large companies operating larger mines with larger fleet sizes: 56% of US$10 billion+ companies have already invested in collision avoidance technology – versus less than 44% of companies below that size.
Investment expected in environment monitoring and equipment health technology
Environmental monitoring and emissions management, as well as equipment health monitoring and diagnostics, are also on top of the list for planned investments. Out of twelve technologies investigated, environmental monitoring and emissions management had the highest share of respondents planning to invest at 35%, with only 10% of respondents neither having this technology at their mines, nor considering investing in the next two years. Some 34% are also planning to invest in equipment health monitoring and diagnostics, as mining companies look to maximise the lifetime of their heavy equipment.
About Timetric
Timetric is a leading provider of online data, analysis and advisory services on key financial and industry sectors. It provides integrated information services covering risk assessments, forecasts, industry analysis, market intelligence, news and commentary. For more information and updates, please visitwww.timetric.comand follow us on twitter.
About Timetric’s Mining Center
Timetric’s Survey will be published under its Mining Intelligence Center. The Mining Intelligence Center provides critical, forward-looking market intelligence to support clients’ investment strategies and customer targeting. Delivering information on projects, purchasing behaviour, commodities and markets, the service enables clients to identify new opportunities, predict developments in their markets and adapt to customers’ future needs.
