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Benchmark: battery supply chain hit by Chinese energy cuts

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Benchmark Minerals reports that China’s ongoing energy shortage, which has seen local governments enforce intermittent power cuts since July 2021, has begun to affect domestic anode and cathode production as several producers were forced to scale back production in late Q3.

Supplies 186
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Major deposits of rare earth elements reported at Ramaco’s Brook Mine in Wyoming

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In association with researchers from the Department of Energy’s National Energy Technology Laboratory (NETL) and analysts at mining consultancy Weir International, metallurgical coal producer Ramaco Resources released an independent Exploration Target report with technical assessment of rare earth elements (REE) found at its Brook Mine in Wyoming.

Wyoming 467
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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

Asia 52
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Rostec and Shenhua to invest up to $10B into coal mine development and infrastructure in Russian Far East; coal and power

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Russian State Corporation Rostec, one of the largest Russian industrial conglomerates, and Chinese State Corporation Shenhua, the world’s leading producer and distributor of coal, have signed a Memorandum of Understanding. High calorific value coal concentrate will be exported to Asia-Pacific countries, mainly to China.

Coal 210
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Aramco, Shandong Energy to collaborate on downstream projects in China; cooperation across H2, renewables and carbon capture technologies

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The Saudi Arabian Oil Company (Aramco), one of the world’s leading integrated energy and chemicals companies, and Shandong Energy Group, are exploring collaboration on integrated refining and petrochemical opportunities in China. Shandong Energy Group is the third-largest coal mining group in China in terms of production volume.

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Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China

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Haldor Topsoe and Shaanxi Yanchang Petroleum have formed a joint venture with the aim of delivering locally produced MK-151+ methanol synthesis catalysts to the Chinese market. The joint venture will secure fast delivery to local customers, who demand high-performance catalysts for energy-efficient methanol production.

China 243
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Sinopec establishes coal-to-chemical unit

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(Sinopec Group) formally established a coal-to-chemical unit in Beijing on September 28. Sinopec Great Wall Energy Chemical Co., However, judging from the current situation, it is moving the bans.

Coal 231