long term – U One Music http://u-one-music.com/ Mon, 21 Feb 2022 11:28:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://u-one-music.com/wp-content/uploads/2021/11/profile.png long term – U One Music http://u-one-music.com/ 32 32 power supply strained again, so load shedding is back – https://u-one-music.com/power-supply-strained-again-so-load-shedding-is-back/ Wed, 02 Feb 2022 10:06:33 +0000 https://u-one-music.com/power-supply-strained-again-so-load-shedding-is-back/ Eskom says a generation capacity shortage, exacerbated by two overnight blackouts, has pushed South Africa back into stage two of load shedding. How did it happen? A unit in Kusile and Kendal power stations tripped overnight. Delays in the return of units to Kusile, Tutuka, Duvha, Lethabo and Grootvlei power stations contributed to the current […]]]>

Eskom says a generation capacity shortage, exacerbated by two overnight blackouts, has pushed South Africa back into stage two of load shedding. How did it happen?

A unit in Kusile and Kendal power stations tripped overnight. Delays in the return of units to Kusile, Tutuka, Duvha, Lethabo and Grootvlei power stations contributed to the current supply constraints over the weekend. Total outages currently stand at 14,994 MW, while planned maintenance is 4,435 MW of capacity.

Three of the offline production units are expected to be back in service by this (Wednesday) afternoon.

Did you read?
Global electricity demand in 2021 is the highest on record

Eskom has been using significant amounts of generation reserves relying on pumped storage and diesel plants since the weekend, but these have been depleted. Thus, a period of load shedding will allow the utility to replenish emergency generation reserves.

“The most prudent thing to do is to implement load shedding to avoid a total failure of systems,” Eskom Group CEO Andre de Ruyter said during a press briefing this morning.

The utility executive pointed out that insufficient supply on the system and depletion of emergency reserves risked not having adequate backup to prevent an outage if even more units failed.

Maintenance backlog bites Eskom

Eskom chief operating officer Jan Oberholzer said a combination of delays in returning units to service and breakdowns is exacerbated by a backlog in maintenance.

“A risk to highlight is the control and instrumentation that are outdated in some plants,” Oberholzer said, referring specifically to renovation delays at Majuba and Matimba that caused units at both plants to trip. “It’s a risk, [and] we have integrated the OEMs and they help us manage them. »

Utility executives have all agreed they cannot postpone planned long-term outages at plants to refurbish and overhaul aging equipment, as the maintenance backlog exacerbates the city’s energy supply problem. public service system.

Unit 2 at the Koeberg nuclear power plant is out of order for refueling and refitting of its steam generators, putting 929 MW offline for the next five months, while Unit 4 at Medupi, which suffered the explosion in August 2021, keeps 720 MW off the grid until at least August. 2024.

Of interest:
Koeberg nuclear power plant starts routine maintenance

Essential new abilities

The installed capacity of renewable energy sources available to Eskom continues to grow, with renewable energy plants contributing just over 3,500 MW to the power system most days around noon. Yet in 2021, renewable generators provided only 6.7% of the energy contracted in the country, underscoring the country’s reliance on coal generation.

Eskom expects 2,400MW of new generation capacity to be installed between 2022 and 2025. renewable energy under the REIPPPP. .

Eskom’s management team again reiterated a point they raised during their state of the systems briefing last week when they recalled that the utility has consistently pointed out that between 4,000 and 6,000MW of additional generating capacity is required to meet South Africa’s energy demand and this purchase is within the purview of the IPP Office under the policy direction of the Department of Minerals and Energy (DMRE).

Did you read?
Eskom will not sacrifice planned maintenance for load shedding

During last week’s systems status briefing, Eskom said its electricity availability factor in 2021 was 62.9%, below its self-imposed target. by 70%.

As long as unplanned outages remain below 12,000 MW during the summer, Eskom does not expect to need load shedding. Unplanned outages between 12,000 MW and 14,000 MW at present mean that Eskom needs at least stage 1 load shedding to make up the difference, up to two days. If unplanned outages exceed 14,000MW on any given day (which just happened), then Eskom must take the country to at least Stage 2 for up to 29 days, depending on how quickly that number of outages occurs. unforeseen can be reduced. . ESI

Did you know?
High Court rejects court’s bid for DNG to replace Karpowership

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Chips drop at five day supply https://u-one-music.com/chips-drop-at-five-day-supply/ Wed, 26 Jan 2022 18:56:04 +0000 https://u-one-music.com/chips-drop-at-five-day-supply/ This article is an on-site version of our #techFT newsletter. Sign up here to receive the full newsletter straight to your inbox every weekday The semiconductor shortage that crippled industries from cars to consumer electronics is far from over. The US Commerce Department has just warned that chip inventories held by manufacturers have fallen to […]]]>

This article is an on-site version of our #techFT newsletter. Sign up here to receive the full newsletter straight to your inbox every weekday

The semiconductor shortage that crippled industries from cars to consumer electronics is far from over.

The US Commerce Department has just warned that chip inventories held by manufacturers have fallen to an average of just five days of supply, down from 2019 levels of 40 days. Since then, the pandemic demand for devices and the disruptive sanctions imposed on China have created the chip crisis.

US Commerce Secretary Gina Raimondo said some US businesses could be forced to temporarily close and lay off workers in the event of even minor disruptions. “It shows you how fragile this supply chain is,” she said. “Five days of inventory, no room for error.”

She urged Congress to pass the Chip Act, which has stalled in the House of Representatives but would unlock $52 billion in grants to encourage domestic chip manufacturing.

It’s a long-term solution, given how long it will take to build “fabs,” like the two Intel announced last week in a $20+ billion investment in Ohio, subject to subsidies. These will be aimed at high-end processors and more details on the chipmaker increasing its manufacturing capacity may come with its fourth quarter earnings call after the market closes today.

The most mundane chips are currently the rarest – those made by Texas Instruments, a little-known silicon maker. Last night it reported fourth quarter revenue about 10% higher than analysts’ expectations, with gross margins two percentage points better than expected at 69.3%. It is increasing spending to increase capacity, with new production facilities planned as early as the second half of this year.

Meanwhile, #techAsia reports that China’s semiconductor blueprint for self-sufficiency has suffered a major blow. State-backed giant Tsinghua Unigroup has scrapped major memory chip projects in two Chinese cities after the debt-ridden firm was hit by US restrictions on access to vital technology, according to this Nikkei exclusive Asian.

The Internet of (five) things

1. Microsoft gaming is under its cloud
Microsoft’s cloud revenue jumped 32% to $22.1 billion in its latest quarter, but game sales were up just 8%, compared to revenue that had jumped six months ago. six months ago, when there was pandemic demand at home. Lex says investors are more interested in higher-growth companies than Microsoft’s gaming ambitions with its deal with Activision Blizzard.

Daily newsletter

#techFT brings you news, commentary and analysis on the big companies, technologies and issues shaping this industry’s fastest movement from specialists based around the world. Click here to get #techFT in your inbox.

2. Amazon Ambassadors Recalled
Amazon has scrapped its much-maligned campaign of paying employees to share positive messages on social media, removing online posts meant to boost the tech giant’s image among potential workers it needs to continue its growth.

3. Meta’s Diem to die?
Former Facebook digital currency chief David Marcus left in late 2021, predicting there was still “greatness ahead” for Diem. But Bloomberg reports that the project formerly known as Libra is considering selling its assets and trying to find a new home for the engineers who developed it.

4. LG Energy Solution hopes the IPO will boost its batteries
LG’s battery business completed South Korea’s largest-ever initial public offering last week, but can the floater challenge CATL’s dominance in the industry, Song Jung-a asks in Seoul and Hudson Lockett in Hong Kong.

Bar chart showing market share of global electric vehicle battery manufacturers

5. Lynch loses his last legal round
Mike Lynch, the British software entrepreneur, has lost the final round of a legal battle against his extradition to stand trial in the United States for criminal fraud in the $11 billion sale of his company Autonomy to Hewlett-Packard. Priti Patel, Britain’s Home Secretary, will have to decide by Friday whether to approve Lynch’s extradition from Britain to the United States.

Technological tools — Chinese smartphones

The Redmi Note 11 series

Xiaomi unveiled the Redmi Note 11 series

Apple reclaimed the top spot among smartphone sellers in China for the first time in six years, with a 23% market share in the fourth quarter, reports Ryan McMorrow in Beijing. Expect domestic handset makers to retaliate this year, both at home and abroad. There were three announcements from them today: Huawei launched the P50 Pro, Realme announced the 9 Pro and 9 Pro+, and Xiaomi unveiled the Redmi Note 11 series.

#techAsia — Your guide to the billions being made and lost in the world of Asia Tech. register here

#fintechFT – Breaking news on the most pressing issues in the tech industry. register here

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Ucore recaps its 2021 rare earths supply chain baseline achievements and outlines direction for 2022 https://u-one-music.com/ucore-recaps-its-2021-rare-earths-supply-chain-baseline-achievements-and-outlines-direction-for-2022/ Fri, 21 Jan 2022 14:36:14 +0000 https://u-one-music.com/ucore-recaps-its-2021-rare-earths-supply-chain-baseline-achievements-and-outlines-direction-for-2022/ Halifax – Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to provide the following overview of the core business of its North American Rare Earth Element (“REE”) supply chain ”), its achievements and the continued direction planned for 2021 for 2022. “Ucore has a very definitive vision and plan […]]]>

HalifaxUcore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) (“Ucore” or the “Company”) is pleased to provide the following overview of the core business of its North American Rare Earth Element (“REE”) supply chain ”), its achievements and the continued direction planned for 2021 for 2022.

“Ucore has a very definitive vision and plan for an independent and comprehensive North American rare earth element supply chain,” said pat ryan, eng.., Chairman and CEO of Ucore. “To do this, the fundamental element is the ability to have, first and foremost, commercial-scale rare earth separation plants. The ability to separate rare earth elements into oxides does not exist in North America today and is therefore the central objective of Ucore.

“This advanced capability plan will then support the various downstream relationships that have been cultivated over the past year with potential OEMs and former ex-China producers of metals, alloys and magnets.

On Ucore Rare Metals Inc.

Ucore is focused on rare and critical metal resources, extraction, beneficiation and separation technologies with production, growth and scalability potential. Ucore holds a 100% interest in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska, USA. Ucore’s vision and plan is to become a leading advanced technology company, providing best in class metal separation products and services to the mining and mineral extraction industry.

Through strategic partnerships, Ucore’s vision includes disrupting the People’s Republic of China control of the REE supply chain in the United States through the development of a heavy rare earth processing facility – the Alaska Strategic Metals Complex in Southeast Alaska and the long-term development of Ucore’s heavy rare earth mineral resource property located at Mount Bokan to Prince of Wales Isle, Alaska.

Ucore is listed on the TSX Venture Exchange under the symbol “UCU” and in United States on the best OTCQX market of OTC Markets under the symbol “UURAF”.

On Innovation Metals Corp.

IMC has developed the proprietary RapidSX process, for the low cost separation and purification of rare earth elements, Ni, Co, Li and other engineering metals, via an accelerated form of solvent extraction. IMC is commercializing this approach for a number of metals to enable mining and metal recycling companies to compete in today’s global marketplace. IMC is a wholly owned subsidiary of Ucore Rare Metals Inc.

About RapidSX Technology

IMC developed the RapidSX separation technology with early-stage help from the United States Department of Defense (‘United States Department of Defense‘), later leading to the production of commercial grade separated rare earth oxides on a pilot scale. RapidSX combines the proven chemistry of conventional solvent extraction (‘SX’) with a new column-based platform, dramatically reducing completion time and plant footprint, as well as costs potential investment and operation. SX is the international rare earth industry standard (‘REE’) commercial separation technology and is currently used by 100% of all REE producers worldwide for commercial bulk separation of heavy and light REEs. Using similar chemistry to conventional SX, RapidSX is not a “new” technology, but represents a significant improvement over the well-established, well-understood and proven conventional SX separation technology preferred by REE producers.

Forward-looking statements

This press release contains certain statements that may be deemed “forward-looking statements” regarding, among other things, the Company’s ALASKA2023 business plan as well as upcoming forward-looking financing activities involving the Company and AIDEA. All statements in this release (other than statements of historical fact) that address future business development, technology development and/or acquisition activities (including any related required financing), timelines, results of litigation , events or developments that the Company anticipates, are forward-looking statements. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in the forward-looking statements. With respect to the disclosure in the “About Ucore Rare Metals Inc.‘ above, the Company assumed that it would be able to procure or retain additional partners and/or suppliers, in addition to IMC, as suppliers for Ucore’s anticipated future Alaska Strategic Metals Complex (“Alaska SMC”). Ucore also assumed that sufficient external funding would be found to prepare a new National Instrument 43-101 (“NI 43-101”) technical report that demonstrates that the Bokan Mountain Rare Earth Elements (“Bokan”) project is feasible. and economically viable. for the production of REE and metal co-products and the then prevailing market prices based on assumed purchase agreements with customers. Ucore also assumed that sufficient external funding would be obtained to develop the specific engineering plans for SMC Alaska and its construction. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: Innovation Metals Corp. (“IMC”) has not protected its intellectual property rights in RapidSX; RapidSX has failed to demonstrate commercial viability in large-scale applications; Ucore not being able to secure additional key partners or suppliers for SMC Alaska; Ucore not being able to raise sufficient funds to fund the specific design and construction of Alaska’s SMC and/or the continued development of RapidSX; adverse capital market conditions; unexpected results of due diligence; the emergence of new superior metallurgical and metal separation technologies; the inability of Ucore and/or IMC to retain key personnel; a change in the law in Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (“AIDEA”) regarding the development of Bokan and/or Alaska SMC; the availability and receipt of any required interim and/or long-term financing; and general economic, market or business conditions.

Contact:

Marc MacDonald

Tel: 902.482.5214

Email: mark@ucore.com

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Shelves begin to empty as supply chain warps under inflation https://u-one-music.com/shelves-begin-to-empty-as-supply-chain-warps-under-inflation/ Fri, 14 Jan 2022 19:13:56 +0000 https://u-one-music.com/shelves-begin-to-empty-as-supply-chain-warps-under-inflation/ Another round of explosive inflation reports rocked the markets this week. On Wednesday, the Bureau of Labor Statistics released data showing that consumer prices continue to rise at the fastest rate since 1982. The all-items index rose 7% in the past 12 months ending in December. The energy index has increased by 29% over the […]]]>

Another round of explosive inflation reports rocked the markets this week.

On Wednesday, the Bureau of Labor Statistics released data showing that consumer prices continue to rise at the fastest rate since 1982. The all-items index rose 7% in the past 12 months ending in December. The energy index has increased by 29% over the past year.

Then on Thursday, the producer price index entered with another month of increase for December to close the year. Overall, final demand prices rose 9.7% in 2021. This represents the largest calendar year increase since the data series was released in 2010.

PBS News Report: And the latest consumer price report shows that costs continue to climb for Americans in many categories. This raises real questions for the Federal Reserve, which is responsible for promoting stable prices.

Fox News Report: Now the consumer price index just rose 7%, the biggest jump since the height of the Cold War. Meanwhile, Americans are flooding social media with photos of empty stores and the #BareShelvesBiden hashtag.

Close. Joe Biden: The shelves are not empty. Experts including Wall Street suggest that it is highly unlikely that it is long-term inflation that will spiral out of control.

The pains of inflation are pinching consumers’ wallets. And after months of being told by the Federal Reserve and the White House that price increases are nothing to worry about, they are tired of lies and excuses.

President Joe Biden’s jobs approval rating has dropped to just 33%, according to Quinnipiac. Of course, he is not solely responsible for the inflation and supply chain disruptions plaguing the economy.

Congress imposed massive fiscal stimulus in response to COVID. And the Federal Reserve stepped in to help fund the government’s borrowing spree. The central bank has started buying $120 billion in Treasury bills every month. And despite plans to scale back its asset purchases, it will buy another $60 billion in January.

Central bankers are way behind the curve when it comes to monetary tightening. The federal funds rate remains close to zero. This puts the gap between the federal funds rate and the inflation rate at an all-time high.

Holders of cash and low-yielding debt securities experience extremely negative real returns. Negative real rates have persisted for some time. But they may not persist long before existing bag holders look for alternatives to preserve their purchasing power.

Gold will surely play an important role as a counterweight to our failing monetary system. Central banks around the world could routinely ditch US dollars for gold in their reserves. And individuals can choose to use their own personal gold standard or bimetallic standard by holding physical gold and silver as their currency.

In other news, we are pleased to announce that Money Metals has just been named the “Best Overall Dealer” in the United States for 2022 by Investopedia.com, a leading authority on the global investment industry. .

As Investopedia pointed out, our customer-centric focus has resulted in highly competitive pricing, personalized service, a pathway for new investors, and one of the best reputations online – making Money Metals their choice in as the best online metal dealer.

The leading center for investment news and information made special mention of Money Metals’ secure and insured deposit (one of many integrated services that no other major US dealer offers).

We are deeply honored to have received this incredible accolade from the world’s leading investment authority, especially since the US precious metals industry is so competitive.

While Money Metals is known for its fair and transparent pricing and prompt delivery of customer orders, we are especially proud of our no-pressure sales approach, wide range of services, public policy initiatives and efforts important educational.

Investopedia is the world’s leading source of financial content on the Internet, ranging from market news and retirement strategies to investment education and financial product information. Investopedia has a reputation for providing unbiased and accurate investment information, and its website is visited by tens of millions of investors worldwide each month.

Thank you to our dedicated readers and especially to our Money Metals customers… it’s thanks to you that we do what we do. We will do everything we can every day to continue to earn your customers and your trust. THANK YOU for helping to make Money Metals the best precious metals dealer in America!

As I mentioned a moment ago, Investopedia praised Money Metals’ high-quality news and educational content. A big part of our mission is to promote healthy money awareness to the general public, beyond our own customer base.

Money Metals supports the Sound Money Defense League, which advocates for sound money legislation at the state and national level.

2021 has been a big year for strong financial efforts across the United States. Several state legislatures have introduced bills to end sales taxes on gold, silver, platinum, and palladium coins and bullion. And now 42 states have removed all or part of the taxes on the purchase of precious metals.

Building on last year’s momentum, promising new sales tax repeal bills are already being considered by lawmakers in Kentucky, Mississippi and Tennessee.

States generally do not tax the purchase of stocks, bonds, ETFs, currencies and other financial instruments. Taxing precious metals is an unfair punishment for some savers and investors. It is also counterproductive since such taxes push business activity into neighboring states that do not impose them.

Individual states alone cannot bring strength to the US monetary system. Regardless of the policies they adopt, the Federal Reserve will continue to recklessly increase the currency supply.

With the consumer price index at its highest level in 40 years, inflation has become the pressing economic problem of our time.

Citizens can protect themselves from the ravages of Fed-fueled inflation by securing a significant portion of their wealth in durable assets, including gold and silver.

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Bleached coral reefs continue to provide nutritious seafood https://u-one-music.com/bleached-coral-reefs-continue-to-provide-nutritious-seafood/ Fri, 07 Jan 2022 17:38:37 +0000 https://u-one-music.com/bleached-coral-reefs-continue-to-provide-nutritious-seafood/ Researchers studying coral reefs damaged by rising sea temperatures have found an unexpected ‘bright spot’ of hope for communities who depend on them for their food security. Coral reef ecosystems support a variety of small-scale fisheries and the fish they catch are rich in micronutrients essential to the health of millions of people in the […]]]>

Researchers studying coral reefs damaged by rising sea temperatures have found an unexpected ‘bright spot’ of hope for communities who depend on them for their food security.

Coral reef ecosystems support a variety of small-scale fisheries and the fish they catch are rich in micronutrients essential to the health of millions of people in the tropics, a new study from Lancaster University shows.

And, counterintuitively, as a result of bleaching events that kill corals and can transform the makeup of reef ecosystems, reef fisheries can remain rich sources of micronutrients, even increasing the nutritional value of some minerals.

The results, published in the journal A land, show that the availability of micronutrients from artisanal coral reef fishing may be more resilient to climate change than previously thought. This increased understanding is essential as continued global warming means that coral bleaching events are becoming more frequent and severe, placing increased stress on these vulnerable ecosystems.

Dr James Robinson, who led the study, said: “Our results underscore the continued importance of these fisheries to vulnerable coastal communities, and the need to protect against overfishing to ensure the long-term sustainability of the fisheries. reefs.

The researchers also caution that while these fisheries have proven to be more resilient to climate change disturbances than expected, understanding of the long-term impacts of climate change on coral reef fisheries and more data continues to emerge. other regions are urgent priorities.

More than 6 million people work in artisanal fisheries that depend on tropical coral reefs. Their catches help feed hundreds of millions of coastal people in areas with a high prevalence of malnutrition, causing stunting, wasting and anemia. However, until now, the nutritional composition of coral reef fish catches and how climate change might affect the nutrients available in reef fisheries has not been known.

This study, led by scientists at Lancaster University and involving an international team of researchers from Seychelles, Australia, Canada and Mozambique, benefited from more than 20 years of long-term monitoring data from the Seychelles, where tropical reefs were damaged by a large coral bleaching event in 1998, killing around 90 percent of the corals.

As a result of the mass bleaching event, about 60% of the coral reefs recovered to a coral-dominated system, but about 40% were transformed into algae-dominated reefs. These differences provided scientists with a natural experiment to compare the micronutrients available in reef fisheries with different climate-related ecosystem compositions.

Scientists, who used a combination of experimental fishing, nutrient analysis and visual surveys of fish communities in Seychelles, calculated that reef fish are important sources of selenium and zinc and contain minerals. levels of calcium, iron and omega-3 fatty acids. comparable to other foods of animal origin, such as chicken and pork.

They also found that iron and zinc are more concentrated in fish caught on reefs that were processed after coral bleaching and are now dominated by macroalgae such as Sargassum algae. These algae have high levels of minerals, which the researchers say is one of the main reasons that herbivorous fish feeding on algae that are found in greater numbers on processed reefs contain higher levels. high iron and zinc.

Robinson said: “Coral reef fish contain high levels of essential dietary nutrients such as iron and zinc, therefore contribute to healthy diets in places with high fish consumption. We have found that some rich reef species micronutrients become more abundant after coral bleaching, allowing fishing to provide nutritious food despite the impacts of climate change Protecting the catches of these local food systems should be a food security priority.

The researchers believe the findings underscore the need for effective local management to protect the sustainability of reef fisheries, as well as policies that further retain reef fish catches for local people and promote traditional fish-based diets. . These can help reef fisheries make the best contribution to healthy diets across the tropics.

Professor Christina Hicks, co-author of the study, said: “Fish are now recognized as essential for alleviating malnutrition, especially in the tropics where diets can lack up to 50 percent of the micronutrients needed for healthy growth. This work is promising because it suggests that reef fishing will continue to play a crucial role, even in the face of climate change, and underlines the vital importance of investing in the sustainable management of fisheries.

The results are described in the document “Climate-induced increases in micronutrient availability for coral reef fisheries”.

The authors of the study are: James Robinson, Eva Maire, Nick Graham and Christina Hicks of Lancaster University; Nathalie Bodin from Seychelles Fishing Authority and Sustainable Ocean Seychelles; Tessa Hempson of James Cook University and Oceans Without Borders; Shaun Wilson of the Australian Department of Biodiversity, Conservation and Attractions and the Oceans Institute, Australia; and Aaron MacNeil from Dalhousie University.

– This press release was originally published on the Lancaster University website

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Aluminum breaks higher on supply constraints https://u-one-music.com/aluminum-breaks-higher-on-supply-constraints/ Fri, 07 Jan 2022 14:47:00 +0000 https://u-one-music.com/aluminum-breaks-higher-on-supply-constraints/ stock_colors / E + via Getty Images Through Wenyu Yao Industrial metals have mostly entered the new year on solid footing, although trade in the first days of 2022 has been somewhat mixed. Nickel fell more than 2% as supply-constrained metals continue to expand their gains, with aluminum outperforming the complex as soaring electricity prices […]]]>

stock_colors / E + via Getty Images

Through Wenyu Yao

Industrial metals have mostly entered the new year on solid footing, although trade in the first days of 2022 has been somewhat mixed. Nickel fell more than 2% as supply-constrained metals continue to expand their gains, with aluminum outperforming the complex as soaring electricity prices threaten supply and fundamental positivity boosts momentum.

The light metal jumped more than 3% on Wednesday (January 5) in the London session, with 3M contract hitting an intraday high, at $ 2,938 / tonne – a two-month high, before hawkish minutes of the Fed do not bring down the whole complex. Thursday.

In the meantime, there have been heavy cancellations of LME warrants for three consecutive days, mainly from the warehouse of LME Malaysia, which could potentially lead to large outflows, sparking optimism about the high spot demand. Inventories should have started to accumulate in the Chinese onshore market according to seasonal patterns. But instead, these continued to decline this week to reach around 790 kt on Thursday, well below the five-year average. This helps allay concerns about a seasonal lull in demand.

As we move into 2022, European generators are still plagued by high electricity costs and there appear to be no signs of a quick fix to the problem. Base electricity prices rose not only at the start of the curve, but also in long-term contracts. We have seen several producers in the region announce activity reductions at the end of 2021, and the risk of supply growth is still on the downside. We forecast a deficit for the aluminum market in 2022 (Outlook 2022: aluminum will sink into a deeper deficit). With low gas storage and high volatility in the gas market, many uncertainties surround the European electricity market. It would be difficult for smelters to secure a competitive electricity deal in this market.

In Asia, however, Indonesia’s latest coal embargo rocked regional energy markets earlier this year, risking supplies to its major buyers, including China, India and Japan. The situation has remained fluid there as consumers like Japan have called for the ban to be lifted, and domestic coal miners are request exemptions. Indonesian authorities are reported to have held a meeting to review the ban following the refoulement on Wednesday, but there has been no confirmation at the time of writing. During 4Q21, India managed to avoid a significant impact on aluminum production despite dropping coal stocks to critical levels, as their industry association called for increased coal imports. As for China, the worst impacts of the electricity crisis in the fourth quarter are now in the mirror thanks to the strong intervention of the authorities to stimulate the national production of coal. Meanwhile, the demand for electricity in winter has so far remained within a reasonable range. Still, the Indonesian embargo could have little impact on China in the short term, as national power plants have large stocks of coal to supply electricity. However, an extended embargo by Indonesia would risk shipping coal shipments to India and delaying the restart of aluminum in China.

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This publication has been prepared by ING solely for information purposes regardless of the means, financial situation or investment objectives of a particular user. The information does not constitute an investment recommendation, nor does it constitute investment, legal or tax advice or an offer or solicitation to buy or sell a financial instrument. Read more.

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Editor’s Note: The bullet points for this article were chosen by the editors of Seeking Alpha.

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3/4 of Bitcoin’s now illiquid supply By Cointelegraph https://u-one-music.com/3-4-of-bitcoins-now-illiquid-supply-by-cointelegraph/ Thu, 06 Jan 2022 05:00:00 +0000 https://u-one-music.com/3-4-of-bitcoins-now-illiquid-supply-by-cointelegraph/ © Reuters (BTC) Markets have been consolidating since the start of the year, but chain measures paint a brighter picture as more of the asset becomes illiquid. On-chain analytics provider Glassnode looked at Bitcoin supply metrics to get a better view of long-term macro trends in its weekly report on Monday. BTC liquid and illiquid […]]]>

© Reuters

(BTC) Markets have been consolidating since the start of the year, but chain measures paint a brighter picture as more of the asset becomes illiquid.

On-chain analytics provider Glassnode looked at Bitcoin supply metrics to get a better view of long-term macro trends in its weekly report on Monday.

BTC liquid and illiquid supply as a percentage of the total. Source: Glassnode

Continue reading on Coin Telegraph

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Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

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ESE to supply airborne DIRCM and EW systems for the UAE’s A330 MRTT https://u-one-music.com/ese-to-supply-airborne-dircm-and-ew-systems-for-the-uaes-a330-mrtt/ Tue, 04 Jan 2022 12:32:49 +0000 https://u-one-music.com/ese-to-supply-airborne-dircm-and-ew-systems-for-the-uaes-a330-mrtt/ Pilots of the multinational multi-role tanker transport fleet checking the J-MUSIC DIRCM turret from Elbit Systems. Credit: NSPA / Elbit Systems. Elbit Systems Emirates (ESE), a subsidiary of United Arab Emirates-based defense electronics company Elbit Systems (ESE), has been awarded a contract for the supply of Direct Infrared Countermeasures (DIRCM) and Warfare Systems Airborne electronics […]]]>

Elbit Systems Emirates (ESE), a subsidiary of United Arab Emirates-based defense electronics company Elbit Systems (ESE), has been awarded a contract for the supply of Direct Infrared Countermeasures (DIRCM) and Warfare Systems Airborne electronics (EW).

The systems will be supplied for the United Arab Emirates Air Force (UAE) Airbus A330 Multi-Role Refueler Transport (MRTT) aircraft.

The $ 53 million contract has a five-year performance period and will see ESE deliver a multi-turret configuration of the J-MUSIC self-protection system, alongside the company’s infrared-based passive airborne warning system. .

According to ESE, these systems offer high levels of protection and redundancy.

Installed on nearly 25 types of aircraft, Elbit’s DIRCM systems have achieved more than 350,000 operational flight hours to date.

Elbit noted that the company is seeing increased demand for this type of self-protection capabilities.

This increased demand for the system comes in the wake of aircraft facing increased threats from shoulder-fired anti-aircraft missiles.

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The latest contract further strengthens the technological advantage of the solutions offered by Elbit.

In November of last year, Elbit Systems has launched a new subsidiary in the United Arab Emirates.

The establishment was to play a role in strengthening the long-term cooperation of Israeli society with the armed forces of the United Arab Emirates.

Last year, the UAE Air Force increased its fleet of MRTTs to five aircraft. The agreement for the delivery of two more aircraft also included the upgrade of the existing MRTTs to the latest improved version.

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Temiskaming Battery Metals Fleet Expected to Fill the Missing Link in the Supply Chain https://u-one-music.com/temiskaming-battery-metals-fleet-expected-to-fill-the-missing-link-in-the-supply-chain/ Sat, 01 Jan 2022 18:00:00 +0000 https://u-one-music.com/temiskaming-battery-metals-fleet-expected-to-fill-the-missing-link-in-the-supply-chain/ Electra Battery Materials Integrated Metal Processing Complex Could Create 200-300 Jobs Trent Mell and Electra Battery Materials are poised to occupy a critical middle position in the growing North American electric vehicle industry. The Toronto-based company is renovating a once-closed refinery outside the town of Cobalt, 12 months from the start of production to transform […]]]>

Electra Battery Materials Integrated Metal Processing Complex Could Create 200-300 Jobs

Trent Mell and Electra Battery Materials are poised to occupy a critical middle position in the growing North American electric vehicle industry.

The Toronto-based company is renovating a once-closed refinery outside the town of Cobalt, 12 months from the start of production to transform cobalt hydroxide from the Democratic Republic of the Congo into cobalt sulfate, one of the essential materials needed in the manufacture of rechargeable batteries for automobile manufacturers.

But they don’t stop there.

The cobalt processing plant will only be the first of a proposed four-phase expansion project at the Temiskaming site that will include nickel processing, battery recycling and a next step to blend cobalt and nickel in a battery precursor material.

Concrete pouring for the foundations of the new buildings begins in March. If everything goes according to the company’s deadlines, a fully integrated factory complex is expected to be built by 2026, creating between 200 and 300 direct jobs, according to Mell, president and CEO of Electra.

The restart of the old Yukon refinery has thrilled many in the Temiskaming District.

“We don’t have to look for too many people,” Mell said of the local welcome they received. “They call us, they love history.

“My biggest surprise is probably the quality of the workforce we were able to attract, even though we are a small business and not yet producing.

More importantly, the refinery could play a vital role in establishing a secure national supply chain of battery-grade metals and helping the Canadian and US governments meet their commitments to achieve zero-emission savings by the 2030s.

According to Mell, in the global battery supply chain, China dominates, processing 80% of the global cobalt used in electric vehicle batteries, 90% of the nickel and 100% of the manganese, all crucial elements in the NCM type. batteries for use in future cars we drive.

Electra is preparing a dossier to bring everything home, to extract critical metals in North America, process them in Témiscamingue and create the cathode material used by battery makers that power electric vehicle assembly plants.

“You save on the carbon footprint; you save on costs, on logistics, ”said Mell.

Electra’s concept for Temiskaming – dubbed a battery metal fleet – will be modeled on facilities in China and Finland.

While some in the mining industry – especially at the federal lobbying level – believe Canada has slipped a notch to become a dominant global player in the essential minerals supply chain, Mell and Electra were at Queen’s Park last month to update Premier Doug Ford on their ambitious plans.

Just before last Christmas, the federal and provincial governments backed the company’s cobalt processing plan with a combined $ 10 million that turned out to be a much needed boost in raising the remaining funds for their project. .

To build its battery bank complex over the next five years, Mell estimates the cost will be between $ 400 million and $ 500 million.

The early stages of the expansion would be funded by processing revenue, but Electra is eventually interested in securing a joint venture manufacturing partner to manufacture the blended precursor material, which will be co-located on the Temiskaming property.

The precursor material involves mixing cobalt, nickel and manganese in the right concentrations and the right particle size to make the active cathode material used by lithium-ion battery manufacturers.

An associated battery recycling operation brings a new element to the supply chain ecosystem.

Up to 25 percent of raw materials are wasted during battery production, Mell said.

“A real price for us is partnering with a battery company and whatever battery waste and disposal partner they have, we’re going to return it and put it back in the supply chain,” Mell said. .

But they will also recover precious metals, called “dark mass”, from used lithium batteries from electronic and digital consumer products.

Electra plans to announce power contracts with battery makers and automakers in early 2022.

The decision to go big in Temiskaming and create an industry cluster, Mell said, came at the behest of major automakers.

Mere processing of cobalt was not enough. They had to pursue other necessary steps to fill this intermediate gap in the image of the battery supply chain.

“We had to take the next step.” Mell said. “This is a huge opportunity. No one has a site like ours, a licensed hydrometallurgical site.”

Strategic changes are nothing new for Electra.

The company, formerly known as First Cobalt, arrived in the Témiscamingue region as a junior mining company in 2017, on the trail of discarded cobalt left behind by the silver rush at the turn of the last century. .

While seeking to amalgamate two competing companies and consolidate 50 historic mines in Camp Cobalt, Electra acquired the former Yukon refinery as a complement to the transaction.

“I wasn’t sure I wanted to,” Mell said, thinking of the environmental responsibilities associated with the facility.

But it took the company in a “whole different direction,” from an exploration venture to a potentially critical metals processor.

The refinery, which Mell described as a “rough diamond,” is located on 120 acres three miles from the town of Cobalt.

Relatively new and already licensed, it was built in 1996 and operated intermittently by another company, producing a product of cobalt carbonate and other materials refined from nickel and silver. The facility was put on hold in 2015 when its Swiss owners ran out of money.

It is now the cornerstone of Electra’s plans.

Electra has sold and optioned its exploration properties in Temiskaming, but still retains a cobalt property in Idaho, which it hopes to bring into production and eventually feed its refinery.

Currently at the refinery site, Electra is doing basic environmental work to update its permit requirements, retrofit existing equipment, while performing detailed engineering for the expansion and placing orders for equipment.

Metso Outotec has been selected to design and manufacture equipment for a new solvent extraction plant, but Mell said there would be plenty of spinoff opportunities next year for businesses in the North. Ontario. A New Liskeard consulting firm, EXP, organizes all of their sourcing activities.

Electra has focused on using local businesses to provide equipment and services wherever they can.

It should be noted that a foundation contract for a new building on the site was recently awarded to a New Liskeard company. A local engineering company is currently engaged with Electra to provide a significant portion of the engineering services for the project.

Mell said one of the many advantages of the refinery’s location is the proximity of mining engineering expertise to Sudbury, a two-hour drive away.

“Where we need it, Sudbury will be on the processing side once we get the equipment up and running and the plant up and running.

As skilled workers, the company said it would need skilled tradespeople to build and operate the facility. They are looking for Millwrights, Electricians and Instrument Technicians, as well as people to operate heavy equipment and drive forklifts.

Mell seemed confident that Electra would be able to muster a talented local workforce without having to recruit remotely.

When he worked for AuRico Gold, the former owners of the Young-Davidson mine in nearby Matachewan, workers commuted regularly from one hour from New Liskeard, Kirkland Lake and Timmins.

“Having a site like ours eight minutes out of town (Temiskaming Shores) has been a big draw,” Mell said, especially for experienced older workers who want a slower pace.

Logistically, with tens of thousands of tonnes arriving from Africa and disembarking at the port of Montreal, there will be opportunities for truckers and railway workers.

Mell admits he would love to see the Ontario government and the Ontario Northland Railway (ONR) help build a branch line connecting the refinery site from the ONR mainline a few miles away. .

Electra has contracts with Glencore and China Molybdenum to source cobalt hydroxide from the Democratic Republic of the Congo for five years.

But, at the end of the day, Mell said, their long-term ambitious goal is to source raw cobalt and nickel in Ontario and their cobalt property in Idaho.

Mell believes that the electrification of North American vehicles will create extreme demand-side pressure that will bring the currently unprofitable nickel deposits in the Sudbury Basin into production.

On the pitch at Temiskaming, Mell said, it’s about managing expectations.

“The town has already been disappointed on the mining side of revitalizing the old Cobalt camp, so I’m trying to take a slow and steady approach.

“I don’t make too many promises and I pay attention to local stakeholders, reminding them that it takes time. But the community has been nothing but fantastic. I have only good things to say.”

The Drift features profiles of people, businesses and institutions that make significant contributions to Greater Sudbury’s mining sector. From exploration, mining and remediation to research and innovation, this series covers the breadth of mining-related expertise that arose out of one of the most successful mining camps. wealthier in the world and is now exported all over the world.

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Lack of awareness of performance design hampers decarbonization https://u-one-music.com/lack-of-awareness-of-performance-design-hampers-decarbonization/ Fri, 24 Dec 2021 16:13:24 +0000 https://u-one-music.com/lack-of-awareness-of-performance-design-hampers-decarbonization/ December 24, 2021 Greater awareness of performance-based building design could be the key to more energy efficient buildings and a rapid rise in the built environment’s contribution to tackling climate change, a new report reveals. the City of tomorrow A report by climate technology company IES found that the industry is not currently focusing enough […]]]>
Lack of awareness of performance design hindering the decarbonization of the built environment
December 24, 2021

Greater awareness of performance-based building design could be the key to more energy efficient buildings and a rapid rise in the built environment’s contribution to tackling climate change, a new report reveals.

the City of tomorrow A report by climate technology company IES found that the industry is not currently focusing enough on performance-driven design, despite the introduction of new rating systems such as NABERS UK.

This is an obvious shortcoming as studies have shown that in-use energy consumption can be five to ten times greater than compliance calculations made at the design stage.

Research has found that currently targets, standards and reporting systems focus primarily on the expected performance and commitments of buildings, without considering in-use performance. So far only 1% of building professionals use the new NABERS UK rating system, which specifically focuses on the usability performance of new buildings.

Digital twins

Another design-for-performance approach that is severely underutilized in the built environment is digital twins, which enable people in the industry to assess the design, construction and operational impact of their portfolios through virtual modeling. These physics-based digital models behave just like their real-world counterparts, so designers can see a true assessment of the building’s energy use and identify areas for improvement.

IES research has found that, although it is a formidable instrument for decarbonizing the built environment, only a third (36%) of people working in the sector use digital twins, an adoption alarming. Another third of professionals (37%) are aware of the potential of the technology but have never used it, 18% are unsure and 9% have no knowledge of the role that digital twins can play.

Don McLean, CEO of IES, said: “When those working in the design and operation of buildings do not consider data-driven operational carbon emissions, they only reveal a partial picture of the environmental impact of the building. Performance design needs to become an industry standard, because without this complete picture, we don’t have the evidence to decide on the best and most effective next steps.

The low proportion of built environment professionals prioritizing performance design is surprising given the industry’s overall commitment to being greener. The City of Tomorrow report found that four in five people (79 percent) are actively working towards the net zero carbon goal with their projects and buildings and 89 percent believe it is important that their organization is seen as engaging or leading on sustainable development issues.

Don continued, “The goal now is to harness this industry-wide determination for sustainability and ensure that industry professionals use performance-driven, data and technology-driven solutions to fight against carbon emissions from the built environment. In the case of digital twins, the awareness is largely there, the challenge is to increase understanding and use.

“For performance design to be more integrated, so that usage aligns with awareness and intent, stakeholders, from end users and industry professionals to technology providers and government agencies need to articulate the impact of emissions in use. By bringing this to the fore instead of allowing a ‘design for compliance’ culture rule, we could see a much faster decarbonization of the built environment and a significant step forward in the global fight against change. climate. “

Image: a photograph of an office meeting room

Article written by Ella Tansley | Posted on December 24, 2021

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