The Elements of Innovation Discovered
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Copper has had a wild ride in 2023, going from expected surplus to deficit within the last few months due to labor disputes, environmental protests, and volatile demand. The supply-demand roller coaster in 2023 was reflected in the price of this energy metal, which dropped from a high above $9,400 per metric ton last January to fluctuating to lows of around $7,800 in May and again in October before rebounding above $8,700 by year's end. Part of the reason for the late 2023...
After 50 years of scrubbing the emissions from fossil-fueled transportation and industry, platinum group metals are finding new roles as catalysts for the transition to a low-carbon energy future. "Platinum group metals (PGM) are critical for today's energy sector industrial base and will play a key role in tomorrow's decarbonized economy," U.S. Department of Energy inked in an informational brochure on these transitional metals, also known as platinum group elements. PGMs...
The last few years have seen big industries' social accountability come to the fore, with growing pressure to engage more holistically with the workforce, local communities, and environmental concerns. Evolving from this, a new business model of corporate performance has arrived in boardrooms, comprising a trifecta of environmental, social, and governance (ESG) responsibilities. Keeping pace is the mining industry's collective push to be more sustainable and accountable,...
At first glance, it appears that mining giants have been slow on the uptake during the booming market for battery materials. This may demonstrate an unusual lack of forethought, or over the next few years, may actually prove they've been two steps ahead. In less than a decade, the likes of lithium, cobalt, and graphite went from minor materials to a demand so intense that several electric vehicle (EV) and battery manufacturers are jumping the usual supply chain and investing...
Carbon neutrality goals worldwide are being propelled by new government initiatives, improved regulatory frameworks, and heightened customer awareness and scrutiny. Several countries now leading the green revolution have also announced grants and aid for businesses and end users that promote the development of low- and zero-carbon technologies and their rapid adoption. Affected industries – with mining being no exception – are in a mad dash to make use of developing tec...
Installing fuel cells in more than 400 mining trucks for Anglo American. Only two months after a $1.5 billion transaction that transformed First Mode from a Seattle-based space mission engineering startup into a clean-energy subsidiary of global mining company Anglo American, the clean-energy firm is already busy retrofitting massive mining trucks with hydrogen fuel cells produced by Ballard Power Systems. Given First Mode's rapid ascent in the clean energy space, it is...
Tesla and other automakers clamor for nickel suppliers with low CO2 footprint Tesla CEO Elon Musk's 2020 appeal to "please mine more nickel" served as a rallying cry for mining companies with projects positioned to deliver this critical battery metal into global markets. Going into 2022, however, the electric vehicle trailblazer's words were echoing in nearly empty warehouses as the lithium-ion batteries that power EVs are demanding more nickel than global miners can supply....
Global mining company Anglo American is harnessing the virtual reality and motion capture expertise of STS3D and Vicon Motion Systems to create a state-of-the-art virtual environment to safely train mining initiates on the accurate use of explosives for underground development. Anglo first set out to solve a truly difficult question: how can one appropriately and safely train recruits to blow things up thousands of feet beneath the ground? At Anglo Platinum operations in...
Global miner Anglo American has teamed up with Williams Advanced Engineering to develop the world's largest electric vehicle – an ultra-class mining haul truck. A hydrogen fuel cell module and bank of lithium-ion batteries will replace the diesel engines that have traditionally powered these mega-earthmovers. This massive power source and storage system is controlled by a high voltage power distribution unit delivering in excess of 1,000 kilowatt-hours of energy to the 2...
"Please mine more nickel," these four words from Tesla CEO Elon Musk reverberated across the global mining sector and raised awareness of how fundamental nickel is to the lithium-ion batteries powering hundreds of millions of electric vehicles to come off Tesla and traditional automaker assembly lines over the next two decades. "Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way," Musk implored...
Scandium, one of 35 minerals identified as being critical to future production of high-tech and industrial technologies in the West, is seeing a surge in mining and extraction activity in response to increasing demand for the soft, silvery metallic element. Scandium is not particularly rare – its occurrence in crustal rocks is around 22 parts per million. It is generally more plentiful than lead, mercury, and precious metals. Yet scandium rarely concentrates in nature, so t...
Microsoft believes technologies hold the key to a thriving global mining industry and is showcasing how its digital solutions can transform this crucial sector of the South Africa economy. "Mining is a critical industry in South Africa, and has historically been a major contributor to the country's GDP (gross domestic product), tax revenue and employment – last year alone, the mining sector employed over 450,000 people, contributed 24.3 billion Rand (US$1.5 billion) in taxes a...