How Much #Copper is an #EV? #Infographic

Infographic: How Much Copper is an Electric Vehicle?

on November 13, 2018 at 12:02 pm

Copper's special relationship with electricity has been apparent since ship designers first regularly began installing copper to protect the masts of wooden ships from lightning in the early 19th century.

Today, of course, you might be more used to seeing copper's electrical applications through the use of power lines, telephone wires, and wiring in practically every major home appliance you own.

Millions of tons get used for these applications every year, but it is still early days for copper's use in electrification. That's because copper will continue to be a critical component of the green energy revolution, thanks to the rising adoption of battery-powered vehicles.

#Egypt #Mining: Minster sends Mineral #Resources Act to Parliament for review , hoping to end current outdated framework better suited to oil & gas

the amendments were made primarily to draw investments in the flagging mining sector, which holds world-class potential, but is hobbled by an outdated economic framework better suited to the oil and gas industry. El Molla noted that the ministry will begin immediately implementing the reforms laid out by consultancy Wood Mackenzie as soon as the House passes the amendments. 

Mineral Resources Act sent to House for review

Monday, 19 November 2018

LEGISLATION WATCH- Amendments to Mineral Resources Act sent to House: The government has sent long-awaited draft amendments to the Mineral Resources Act to the House of Representatives for review, Oil Minister Tarek El Molla said. El Molla reiterated that the amendments were made primarily to draw investments in the flagging mining sector, which holds world-class potential, but is hobbled by an outdated economic framework better suited to the oil and gas industry. El Molla noted that the ministry will begin immediately implementing the reforms laid out by consultancy Wood Mackenzie as soon as the House passes the amendments. Wood Mackenzie had been contracted by an affiliate of the Oil Ministry to lay out an appropriate development strategy for the sector.

El Molla expects the law's executive regulations will be issued within six months of the bill passing in the House of Representatives and being signed into law by President Abdel Fattah El Sisi.

Background: While few details of the bill have been revealed, we expect it will see Egypt scrap its oil-and-gas-style production sharing agreement and move to a tax, rent and royalty model, eliminating the requirement that miners enter into 50:50 JVs with the sector's regulator. It's also expected to allow exploration companies to acquire exploration ground without first obtaining exploration licenses. The amendments, which aim to attract significant foreign interest in the nation's mining sector, have been praised by industry leaders.

See the article online here: https://enterprise.press/stories/2018/11/19/mineral-resources-act-sent-to-house-for-review/

#Mining Co’s #Exploration Spending Hits $10BN with search for #EV #BatteryMetals jumping 82% #Cobalt #Lithium

Exploration spending in the mining sector rose for a second year to near $10 billion as the industry makes a cautious shift to growth and prepares for forecast booming demand for copper and metals used in electric vehicle batteries, according to S&P Global Market Intelligence.

• Budgets jumped about 19 %
• Value of exploration for cobalt and lithium, used in rechargeable batteries for EVs, jumped 82 % in 2018, though spending remains a fraction of the amount deployed on gold or base metals.

• Number of companies and entities working on projects in 2018 rebounded to about 1,651 -- the first rise in active exploration companies in six years. Even so, the number is about a third less than in 2012. 
• Equity market funding for explorers also remains constrained.

See the whole story on Bloomberg here: https://www.bloomberg.com/news/articles/2018-11-14/miners-spending-on-hunt-for-copper-ev-metals-hits-10-billion

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