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Nippon Steel to invest in Canadian coal company; steelmaking coal offtake agreement

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EVR), which will be spun-off from Teck as an independent publicly-listed Canadian company and will own and operate the steelmaking coal business previously conducted by Teck. The remainder of Teck’s business will be spun-off as the independent company Teck Metals, which will focus on base metals production.

Coal 273
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Extracting rare earth elements from coal with plasma assist

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The US National Energy Technology Laboratory (NETL) is collaborating with the University of Kentucky and their subcontractor Virginia Tech to demonstrate a novel process for the extraction of REEs from coal using plasma. However, domestic coal is of interest as a potentially abundant and easily accessible REE source in the US.

Coal 453
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DOE to award $32M for FEED studies for production of rare earths and critical minerals and materials from coal

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Coal and coal production waste contain a wide variety of valuable rare earth elements that can be converted into clean energy technology components. The US currently has more than 250 billion tons of coal reserves, more than 4 billion tons of waste coal, and about 2 billion tons of coal ash at various sites across the country.

Coal 284
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Mercedes-Benz AG and H2 Green Steel secure supply deal and an MoU to establish N American supply chain

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Mercedes-Benz has signed a supply agreement with Swedish start-up H2 Green Steel (H2GS) ( earlier post ) over approximately 50,000 tonnes almost CO₂-free steel per year for its European press shops and deepened its partnership through a Memorandum of Understanding (MoU) with the aim to establish a sustainable steel supply chain in North America.

Supplies 170
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EIA expects significant increases in US wholesale electricity prices this summer

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The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

Price 476
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DOE to award $28.35M for R&D on advanced processing of rare earth elements and critical minerals from coal-based resources

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The US has no domestic production for 14 CMs and is completely dependent on imports to supply its demand. The current $5-billion global REE market is projected to grow 40% in the next five years, with similar growth anticipated for the CM market.

Coal 186
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Benchmark: battery supply chain hit by Chinese energy cuts

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Hunan and Inner Mongolia are among the most affected areas of the battery supply chain, with the former a production hub for cathodes and the latter a hub for synthetic graphite anode processing. In the long-term, China seeks to guarantee resource security by addressing the structural issues behind the current electricity supply shortage.

Supplies 186