Canada's Monumental to Acquire Majority Stake in Chile Lithium Project

Canada’s Monumental to Acquire Majority Stake in Chile Lithium Project

Lithium Chile announced it has reached a definitive option agreement on Oct. 5 with Vancouver-based Monumental Minerals whereby the Canadian miner may acquire a 50.01% stake in the Salar de Turi Project, located within the region known as the “lithium triangle”, home to more than half of the world’s lithium reserves. The region lies within the territories of Chile, Argentina and Bolivia. …

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#batterymetals #canada #Chile #ElectricVehicles #LatinAmerica #Lithium #lithiumtriangle #MonumentalMinerals

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Lawmakers Want Biden to Review Saudi Arms Sales in Response to OPEC Oil Output Curb

Lawmakers Want Biden to Review Saudi Arms Sales in Response to OPEC Oil Output Curb

Democratic members of the U.S. Congress call for Biden to reduce military sales to Saudi Arabia, as he is considering how to respond to OPEC+ decision to cut oil output. OPEC+, which combines OPEC countries and allies such as Russia, on Wednesday agreed on oil production cuts, reducing supply in an already tight oil market and raising the possibility of an increase in gasoline prices right before the November midterm elections when Biden’s Democrats will defend their control of the House of…

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#Congress #JoeBiden #MiddleEast #oil #oilprice #opec #saudiarabia #UnitedStates

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Explained: EU's Eighth Sanctions Package on Russia

Explained: EU’s Eighth Sanctions Package on Russia

European Commission announced the adoption of the EU’s eighth sanctions package on Russia on Oct. 6 after gaining final approval the previous day. The new sanctions package was approved by the bloc’s 27 members without any objections. The Commission said it is meant to deprive Moscow of billions of euros in revenues from its sale of products….

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#EuropeanUnion #Russia #sanctions #UkraineCrisis

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Britain Set to Grant New Oil and Gas Exploration Licenses to Ramp Up Domestic Supply

Britain Set to Grant New Oil and Gas Exploration Licenses to Ramp Up Domestic Supply

Britain launches its first oil and gas exploration licensing round in three years on Friday to ramp up its domestic production of hydrocarbons as Europe tries to phase out Russian energy supplies. Britain hopes to boost domestic supply in order to ease record high energy prices, which have forced the government to spend billions of pounds to help limit the impact on British households and businesses and curb inflation….

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#Britain #energyprices #energysecurity #naturalgas #northsea #offshoreoildrilling #oil #Russia #sanctions #UkraineCrisis

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Sweden's Investigation into Nord Stream Leaks Found Evidence of Detonations

Sweden’s Investigation into Nord Stream Leaks Found Evidence of Detonations

Sweden’s Security Service said on Thursday it found evidence that leaks on the Nord Stream 1 and 2 pipelines are caused by detonations, strengthening suspicions of sabotage. Swedish and Danish authorities have been jointly investigating the leaks on the two pipelines, which have come into the spotlight in tensions between the West and Russia following Moscow’s invasion of Ukraine. Russia had cut flows from the Nord Stream 1 pipeline, blaming Western sanctions….

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#balticsea #Denmark #energycrisis #energysecurity #naturalgas #nordstream #Russia #sanctions #Sweden #UkraineCrisis

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Foreign Chipmakers Producing in China to be Excluded from U.S. Export Curbs

Foreign Chipmakers Producing in China to be Excluded from U.S. Export Curbs

The Biden administration plans to exclude foreign chipmakers, including South Korea’s SK Hynix and Samsung, operating in China from its planned export curbs aimed at hampering Beijing’s technological ambitions. The Commerce Department will likely deny requests from U.S. firms to send equipment to Chinese semiconductor manufacturers like Yangtze Memory Technologies (YMTC) and ChangXin Memory Technologies if they are making advanced DRAM or flash memory chips….

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#china #Samsung #semiconductor #SKHynix #SouthKorea #technology #tradewar

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U.S. to Revive Cobalt Mining After 30 Years Amid Booming EV Demand

U.S. to Revive Cobalt Mining After 30 Years Amid Booming EV Demand

U.S. cobalt mining is set to restart after nearly 30 years on the back of growing demand for electric vehicles (EVs). Jervois Global is set to start the country’s first cobalt mine in Idaho on Friday. Company chief executive Crocker said cobalt is currently one of the top minerals for the United Stats in terms of national security. He added that there are not many new sources of cobalt supply, particularly in safe jurisdictions, which adds to the importance of the new mine….

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#batterymetals #cobalt #ElectricVehicles #InflationReductionAct #JervoisGlobal #taxcredit #UnitedStates

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Taiwan Expects China to Increase Intimidation After Xi Secures Third Term

Taiwan Expects China to Increase Intimidation After Xi Secures Third Term

Taiwan expects Beijing to increase its threats to bring the island under Chinese control once Xi secures a third presidential term, the head of Taiwan’s China-policy making Mainland Affairs Council Chiu said on Thursday. Beijing’s once in five years Communist Party Conngress is scheduled to start on Oct. 16, where Xi is poised to secure a historic third term. China has ramped up its military presence around the island following U.S. House Speaker Pelosi’s visit to Taipei in August. …

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#china #geopolitics #IndoPacific #military #Taiwan #XiJinping

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Germany, Spain Aim to Push France into Building the Pyrenean Gas Pipeline

Germany, Spain Aim to Push France into Building the Pyrenean Gas Pipeline

German Chancellor Scholz and Spanish Prime Minister Sanchez pledged to strengthen their alliance to build the Pyrenean gas pipeline despite opposition from mutual neighbor France. The two leaders held their countries’ first inter-government meeting in nine years in Spain. The meeting resulted in a joint action plan, which underlines closer cooperation, especially on energy and security issues. …

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#energysecurity #EuropeanUnion #France #germany #naturalgas #PyreneanPipeline #Russia #sanctions #Spain #UkraineCrisis

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