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Canada orders three Chinese companies to divest from Canadian critical minerals companies

Green Car Congress

The Government of Canada has ordered the divestiture of the following investments by three Chinese companies in Canadian critical mineral companies: Sinomine (Hong Kong) Rare Metals Resources Co., Limited is required to divest itself of its investment in Power Metals Corp.

Canada 353
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Battery-grade lithium carbonate forecast to trade at $74K/tonne in 12 months

Green Car Congress

Shanghai Metals Market data pointed to a supply deficit of 1,361 tonnes in July, swinging from the supply surplus in the prior month as the re-opening of the Chinese economy and cash subsidies for new energy vehicles lifted car manufacturer’s demand. Earlier post.).

Carbon 483
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Proposed Changes to Federal EV Tax Credit – Part 5: Making the Credit Refundable

EV Adoption

One of the biggest complaints about the federal electric vehicle (EV) tax credit (IRC 30D) is that its structure of using a non-refundable tax credit is clearly more beneficial to higher-income households. How the Current Tax Credit Works For EV Buyers. And another 7 PHEVs qualify for credits of between $6,670 and $7,500.

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Tesla to build a second Megafactory for utility-scale energy storage units in Shanghai

Green Car Congress

billion (US$325 million) of annual tax revenues starting at the end of 2023. Under the terms of the arrangement, Tesla is required to spend RMB 14.08 billion (US$2 billion) in capital expenditures by the end of 2023 and to generate RMB 2.23

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

Green Car Congress

Based on this data, the Brook Mine could rank among the more promising deposits on a worldwide basis, including Chinese HREE deposits. These deposits contain these valuable REEs on par with conventional REE deposits, but with much less of the low-value lanthanum and cerium that must be removed by separations.

Wyoming 467
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TANAKA establishes production system in China for fuel cell electrode catalysts

Green Car Congress

The companies also plan to start production of fuel cell electrode catalysts for the Chinese market by the end of 2025. The Chinese government is implementing a range of support measures to promote research and development and the expanded use of fuel cell battery technologies.

China 170
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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

How Electrifying Transport and Chinese Investment are Playing Out in Indonesia —focuses on nickel as a critical mineral, but has implications for the broader minerals and materials supply chains needed for broad-scale energy transition. Global Nickel Trade and Chinese Dominance. The detailed report— Need Nickel?

China 416