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

Green Car Congress

Congress and the Department of Energy have earmarked billions of dollars toward this goal, and a bipartisan bill introduced earlier this year would establish tax credits to support the production of magnetic REEs like those found at the Brook Mine.

Wyoming 467
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RWE and Westfalen Group forming JV to supply green hydrogen for vehicles; focus on heavy-duty; up to 70 stations

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In Germany, RWE and the Westfalen Group will work together to supply green hydrogen for hydrogen-powered vehicles. Through a joint venture, RWE and Westfalen aim to develop a hydrogen fuel station infrastructure in Germany for heavy commercial vehicles in particular.

Hydrogen 545
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President of Mexico nationalizes lithium

Green Car Congress

Mexican President Andres Manuel Lopez Obrador (AMLO) has nationalized lithium, handing responsibility for lithium reserves over to the energy ministry. The President nationalized Mexico’s lithium deposits last April, and created LitioMX (Litio Para Mexico) to mine lithium ( earlier post ).

Mexico 543
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BMW Group begins production of small-series hydrogen-powered iX5

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The BMW Group is commencing production of its BMW iX5 Hydrogen model. Manufacture of the small-series hydrogen-powered vehicle is taking place in the pilot plant at its Munich Research and Innovation Centre (FIZ).

BMW 542
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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Nikkei: Japan to develop seabed mining of rare earth materials

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The Nikkei reports that in 2024, Japan will begin to extract rare earth materials for electric vehicles and hybrids from sea bottom mud in an area off Minami-Torishima Island, a coral atoll in the Pacific Ocean about 1,900 kilometers southeast of Tokyo. The government’s aim is to reduce the country’s reliance on China for rare earth metals.

Japan 542
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ProLogium to build €5.2B gigafactory for solid-state batteries in France

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Taiwan-based ProLogium has chosen France as the location for its first large-scale solid-state battery manufacturing facility outside of Taiwan. ProLogium will invest a total of €5.2 billion to set up a 48 GWh gigafactory and an R&D center.

France 540
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Faurecia and Accenture partner on products and services for connected and autonomous vehicles

Brief (..)