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

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The global push to convert the world to electric vehicles will cause supply chain complexities that could undermine the alternative energy transition in the United States, according to a new report from Rice University’s Baker Institute for Public Policy. The detailed report— Need Nickel?

China 416
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Volkswagen, Stellantis and Glencore backing ACG in $1B purchase of Brazilian nickel sulfide and copper mines

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Volkswagen, Stellantis and Glencore are supporting the purchase of the Atlantic Nickel nickel sulfide and the Mineraçao Vale Verde copper mine in Brazil by ACG , a London-listed special purpose acquisition company (SPAC), for US$ 1 billion. Atlantic Nickel The resulting company will be named ACG Electric Metals.

Purchase 195
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NRG invests additional $35M in FuelCell Energy for 6% of company; establishes $40M financing facility

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FuelCell Energy, Inc., which designs, manufactures, operates and services carbonate fuel cell power plants, announced a broadening and deepening of its existing relationship with NRG Energy including a $35.0-million million investment in FuelCell Energy common stock by NRG Energy and the establishment of a new $40.0-million

Financing 244
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Vulcan Energy signs binding offtake agreement with LG Energy for lithium hydroxide

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Vulcan Energy Resources, the company developing Zero Carbon Lithium projects to produce both renewable geothermal energy and lithium hydroxide for electric vehicles from the same deep brine source in the Upper Rhine Valley, Germany, has signed a binding lithium hydroxide offtake agreement with LG Energy Solution (LGES).

Energy 150
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The Metals Company and Low Carbon Royalties form strategic partnership

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to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% An unprecedented ramp-up in metal production and other low carbon energy sources is needed to enable this shift.

Carbon 352
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Germany approves €900M for green hydrogen project H2Global

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Therefore, we are already starting the international ramp-up of the hydrogen economy and building long-term value creation and supply chains through the H2Global instrument. is expected to pay more in purchasing than it can collect through sales. —Robert Habeck, Federal Minister of Economic Affairs and Climate Protection.

Germany 382
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Neo Performance Materials and Energy Fuels launching US-European rare earth production initiative

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Neo Performance Materials and Energy Fuels Inc. are launching a new rare earth production initiative spanning European and North American critical material supply chains. Energy Fuels is also continuing to evaluate developing additional value-added US rare earth production capabilities in Utah in the future.

Energy 186