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Industry News

Why are miners diversifying into metals and minerals recycling?

(MSN) - South African-based mining company Sibanye-Stillwater is one of the world’s largest primary producers of platinum, palladium and rhodium, as well as a top-tier gold producer. Perhaps surprisingly, it is also a large recycler, processing 310,000oz of platinum group metals in 2023 – representing 13.3% of the company’s revenue.

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SEC announces it will not defend climate disclosure rule

(The Hill) - The Securities and Exchange Commission (SEC) announced Tuesday that it will not defend a year-old rule requiring publicly held companies to disclose climate-related risks and in some cases the details of their emissions

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Cal/OSHA raises workplace safety, health penalties

(EHS Daily Advisor) - The California Division of Occupational Safety and Health (Cal/OSHA) raised its maximum penalties for regulatory, general, willful, or repeat safety and health violations, the agency announced January 27. Cal/OSHA is a division of the state’s Department of Industrial Relations (DIR).

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Second life for bills more broadly defining hazmat trains

(Freight Waves) - Two rail-related hazardous materials safety bills have been reintroduced in Congress stemming from the East Palestine, Ohio, derailment of 2023.

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Should you spend money on sulfur this year?

(Farm Progress) - Ag economists advise only buying inputs that provide an immediate return on investment this year. How do you know? Consider sulfur, for example.

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Teamwork makes the dream work for soybeans

(The Scoop) - Fred Below became a household name among U.S. farmers in the mid-2000s with his presentation, The Seven Wonders of the Corn Yield World.

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Saskatchewan's Potash may be Canada's Trump Card

(Reuters) - Germany wants the European Union to make its gas storage targets less rigid because of worries over their cost, the economic affairs and climate ministry said on Thursday.

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Port union voices unanimous support for strike, escalating U.S. supply chain fears

(CNBC) - After two days of meetings of North America's largest longshoremen's union amid an impasse with port ownership on a new contract, concerns of a strike are growing amongst those in the business and logistics community.

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Codelco bids $500 million for stake in key Chile copper mine

(Mining) - Chile’s Codelco, seeking to retain the title of world’s top copper supplier, made a $500 million offer to buy a stake in a mine run by Teck Resources Ltd., people with knowledge of the matter said.

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How low will we go? USDA expected to cut their 2024 net farm income forecast

(The Daily Scoop) - USDA's Economic Research Service (ERS) will provide an updated 2024 net farm income forecast on Thursday. Even with improvements in livestock margins, the August Ag Economists’ Monthly Monitor showed the majority of ag economists expect the further deterioration in crop prices to weigh on the overall net farm income picture and force the agency to revise their forecast lower.

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Batteries are a fast-growing secondary electricity source for the grid

(EIA) - Utility-scale battery energy storage systems have been growing quickly as a source of electric power capacity in the United States in recent years. In the first seven months of 2024, operators added 5 gigawatts (GW) of capacity to the U.S. electric power grid, according to data in our July 2024 electric generator inventory. In 2010, only 4 megawatts (MW) of utility-scale battery energy storage was added in the United States. In July 2024, more than 20.7 GW of battery energy storage capacity was available in the United States.

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U.S. refiner warns of looming capacity shortage

(Oil Price) - A refining capacity shortage is looming globally and could materialize as soon as next year, the chief executive of Phillips 66 told Bloomberg in an interview.

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Supply chains are under plenty of stress, but they're not breaking. Here's why

(CNN) - Global supply chains, now a couple years recovered from pandemic-era snarls, have been chugging along at a much healthier clip.

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Panama Canal eases limits that caused global shipping bottleneck

(MSN) - The Panama Canal is lifting restrictions that caused a global shipping bottleneck as water levels normalize after a severe drought.

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Kazakhstan to construct new copper smelting plant in eastern Abay region

(Yieh) - Kazakhstan's eastern Abay region will see the construction of a new copper smelting plant with a capacity of 300,000 tons per year, as announced by the government. KAZ Minerals Smelting LLP has signed an agreement with China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. (NFC) for the plant's construction. NFC Kazakhstan LLP will handle the construction and commissioning.

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Unlock the treasure trove – Why Ag-data is your greatest asset

(Future Farming) - In the heart of every farm lies a treasure trove of data waiting to be unlocked, a direct result of the increasing prevalence of sensor technology. Farmers must become more aware of the value of the data they collect throughout their operations.

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Nevada lithium industry could help U.S. EV transformation

(Gov Tech) - Lithium is a mineral that is used to make electric vehicle batteries, and right now, the only functional lithium mine in the entire country is located in rural Esmeralda County, Nev.

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Summer droughts in Northern hemisphere increasingly likely as seasonal streamflows change

(Bristol) - Declining snowfall is changing the seasonal patterns of streamflow throughout the Northern hemisphere boosting chances of water shortages in the summer, scientists have found.

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US crude, fuel stockpiles rise as refining ramps up, EIA says

(Reuters) - U.S. crude oil stockpiles rose unexpectedly last week, while gasoline and distillate inventories also increased as refining ramped up and demand fell despite the kick-off of the summer driving season, the Energy Information Administration (EIA) said on Wednesday.

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Tesla supplier Piedmont Lithium gets key North Carolina mining permit

(Reuters) - North Carolina regulators have approved a state mining permit for Tesla (TSLA.O), opens new tab supplier Piedmont Lithium (PLL.O), opens new tab to develop one of the largest U.S. sources of the key electric vehicle battery metal, although key financing and local regulatory challenges remain.

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Member News

Chevron boosts oil and gas recovery from two offshore facilities in U.S. Gulf of Mexico

(WO) – Chevron Corporation started water injection operations at two of its offshore projects to boost oil and gas recovery at the company’s existing Jack/St. Malo and Tahiti facilities in the deepwater U.S. Gulf of Mexico.

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Koch changes company name to reflect its diversification

(Bloomberg) -- Koch Industries Inc., the second-largest closely held firm in the US, is changing its name after nearly six decades, along with its corporate structure.

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Exxon aims to become a top lithium producer for electric vehicles with Arkansas drill operation

(MSN) - Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday.

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Tessenderlo Kerley, Inc. celebrates groundbreaking in Ohio for fertilizer facility

Tessenderlo Kerley, Inc. held a celebratory groundbreaking to mark the commencement of construction on a new liquid fertilizer facility in Defiance, Ohio. The new 50,000-square-foot production facility will occupy 50 acres and is set to become operational in 2024. The facility will service the Eastern Great Lakes Region through its distribution partners and will include terminal loadouts for rail cars and tanker trucks.

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Ford to buy lithium from ioneer for U.S. EV battery plant

(Reuters) - Ford Motor Co (F.N) said on Thursday it will buy lithium from ioneer Ltd's (INR.AX) Rhyolite Ridge mining project in Nevada and use the metal to build electric vehicle batteries in the United States.

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Koch Ag Completes Acquisition, Forms Joint Venture With Moroccan Phosphate Subsidiary

(The Daily Scoop) - "The closing of this acquisition marks Koch's first substantial investment on the African continent," said Brad Razook, Executive VP of Koch Industries and CEO, Resources. "We are excited to add another nutrient to the KAES portfolio in collaboration with a world-class partner."

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Shell Pushes Big Plans To Drill More in Gulf

(The Wall Street Journal) - Political uncertainty is clouding prospects for new drilling in the Gulf of Mexico, but Shell PLC—the Gulf’s biggest producer—is still investing billions of dollars in its waters to pump oil for years to come.

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Rhyolite Ridge: Investing in the future

(Elko Daily) - Alot has been happening with the Rhyolite Ridge lithium/boron project in recent months.
“On March 31, U.S. President Joe Biden announced plans to invoke the Defense Production Act to provide hundreds of millions in new subsidies for the mining of minerals critical for the wind, solar and electric vehicles industries.

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Penflex Becomes The Sulphur Institute's Newest Member

(MSN) - Penflex Corporation recently became the newest member of The Sulphur Institute (TSI), an international, non-profit organization dedicated to advocating for the safe use of sulfur.

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Koch to acquire 50% stake in JFC III from OCP

(Agri Business Global) - Koch Ag & Energy Solutions (Koch) and OCP have signed an agreement under which a Koch affiliate will acquire a 50% interest in Jorf Fertilizers Company III (JFC III) from OCP, the world's largest phosphate mining and leading global fertilizer group. When closed, the transaction will establish a 50/50 joint venture.

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