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BHP investing US$40M in Kabanga Nickel, US$10 in Lifezone; 2nd tranche of $50M slated for Kabanga

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BHP, a world leading resources company, has invested US$40 million into Kabanga Nickel in Tanzania. Lifezone hydromet is more cost-efficient than smelting, has a significantly lower environmental impact, and will ensure that finished Class 1 battery-grade nickel, copper and cobalt will be produced in Tanzania, Kabanga Nickel said.

Tanzania 243
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Imperium3 New York produces its first full-sized prismatic cells

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The Imperium3 consortium, which is building the New York-based gigafactory, consists of Magnis Energy, Charge CCCV LLC (C4V), and Boston Energy and Innovation (BEI). In the US, iM3NY is part of the supply chain for the Department of Defense and is supporting the electrification of several large US corporations. iM3NY product roadmap.

New York 468
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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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Capital cost to build a 10k metric-ton battery precursor plant. If approached correctly, African countries can capitalize on their abundant natural resources, growing demand for vehicles and rapid urbanization to build a global hub to produce electric vehicles. —Ashish Sethia, global head of commodities at BNEF.

Africa 221
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Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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Experts predict that by the year 2060 global warming, if left unchecked, could result in a temperature rise of seven degrees Fahrenheit higher than temperatures before the Industrial Revolution when man started widespread use of coal and other fossil fuels. According to the IEA, global energy demand will grow 55% by 2030.